SEC v. Brian Robert Sodi; Capital Financial Media LLC; and List Data Solutions LLC, No. LR-25665, Northern District of Alabama (Mar. 14, 2023) — Press Release
raw: Brian Robert Sodi, et al.
Brian Robert Sodi, et al., No. LR-25665 (Mar. 14, 2023)
summary
Brian Robert Sodi and his companies were ordered to pay over $1.2 million for securities fraud involving penny stock scalping and pump-and-dump schemes.
paragraph
Brian Robert Sodi and his companies, Capital Financial Media LLC and List Data Solutions LLC, were held liable for securities fraud related to penny stock schemes. The defendants were ordered to pay $1,268,000 in disgorgement and interest, with an amended judgment directing $929,995 to be distributed to harmed investors. Sodi also faced a parallel criminal proceeding where he pleaded guilty and was ordered to pay $338,056 in forfeiture.
narrative
Brian Robert Sodi, a CPA, orchestrated penny stock scalping and pump-and-dump schemes in 2013 by secretly acquiring shares and using his companies, Capital Financial Media LLC and List Data Solutions LLC, to promote them. He failed to disclose his holdings, sales, or intent to sell to the investors he targeted. Following a 2019 criminal guilty plea, the court issued an amended final judgment requiring Sodi and his companies to pay $1,268,000 in disgorgement and interest. Of this, $929,995 is specifically designated for distribution to harmed investors. Sodi was also ordered to pay $338,056 in a parallel criminal action. Finally, Sodi has been suspended from appearing or practicing before the SEC under Rule 102(e)(3).
Classified pump-and-dump(confidence 100%). EDGAR detection: forms S-8/S-1/424B/8-K· recall 69% / precision 12%. detection rule →
Statutes
Parties
Securities and Exchange CommissionBrian Robert SodiCapital Financial Media LLCList Data Solutions LLC
Keywords
sodibrian robertrobert sodiamended finalbrianrobertfinalfinal againstnorthern alabamaissued amendedsecurities frauddisgorgement prejudgmentprejudgment interestparallel criminalamended
Extracted insights
Dollar amounts 3
- $1.27M $1,268,000 $1M–$10M
- $930K $929,995 $100K–$1M
- $338K $338,056 $100K–$1M
Entities 6
- person brian robert sodi
- company brian robert sodi, capital financial media llc, and list data solutions llc
- person Patrick Costello
- agency Securities and Exchange Commission
- scheme_term to one count of securities fraud on may 19, 2019
- court u.s. district court for the northern district of alabama
Triples 14
- U.S. District Court For The Northern District Of Alabama issued Amended final judgment against Brian Robert Sodi, Capital Financial Media LLC, and List Data Solutions LLC
- Commission's Complaint alleged Brian Robert Sodi secretly acquired shares of two companies
- Brian Robert Sodi sold the shares he secretly acquired
- Brian Robert Sodi used Capital Financial Media LLC and List Data Solutions LLC to disseminate statements urging investors to buy stocks
- Brian Robert Sodi failed to disclose his holdings, sales, and plans to sell
- Brian Robert Sodi, Capital Financial Media LLC, and List Data Solutions LLC agreed to settle charges in September 2019
- Brian Robert Sodi, Capital Financial Media LLC, and List Data Solutions LLC agreed to pay $1,268,000 in disgorgement and prejudgment interest
- Court entered final judgment on April 16, 2020 requiring funds paid by defendants to be remitted to United States Treasury
- Brian Robert Sodi pleaded guilty to one count of securities fraud on May 19, 2019
- Brian Robert Sodi was ordered to pay $338,056 in forfeiture
- Court issued amended final judgment on January 31, 2023 ordering disgorgement and prejudgment interest of $929,995 to be paid to the Securities And Exchange Commission
- Brian Robert Sodi has been suspended from appearing before the Securities And Exchange Commission under Rule 102(e)(3)
- Securities And Exchange Commission Litigation was conducted by Patrick Costello
- Patrick Costello received assistance from Sarah Lamoree and J. Lee Buck II
Extracted body text (2,184c)
Court Issues Amended Final Judgment Against Penny Stock "Mailman" and His Two Companies Litigation Release No. 25665 / March 14, 2023 Securities and Exchange Commission v. Brian Robert Sodi, et al., No. 5-18-cv-00313-MHH (N.D. Ala. filed Feb. 26, 2018) On January 31, 2023, the U.S. District Court for the Northern District of Alabama issued an amended final judgment against Florida resident Brian Robert Sodi and two of his now-defunct companies, Capital Financial Media LLC (CFM) and List Data Solutions LLC (LDS), for securities fraud and other violations in connection with promoting penny stocks in scalping and pump-and-dump schemes in 2013. The Commission's complaint, filed February 26, 2018, alleged that Sodi, a CPA, secretly acquired shares of two companies and then sold those shares while using CFM and LDS to disseminate statements urging investors to buy those stocks, and without disclosing his holdings, sales, or plans to sell. Sodi, CFM, and LDS agreed to settle the charges in September 2019, agreeing to injunctive relief and to pay, jointly and severally, a total of $1,268,000 in disgorgement and prejudgment interest, with this obligation to be offset by the total amount of restitution and/or forfeiture ultimately ordered in the parallel criminal proceeding against Sodi. The court entered final judgment on April 16, 2020, requiring any funds paid by the defendants to be remitted to the United States Treasury. In a parallel criminal action filed in the Northern District of Alabama, Sodi pleaded guilty on May 19, 2019 to one count of securities fraud. Sodi was later ordered to pay $338,056 in forfeiture. On January 31, 2023, the court issued an amended final judgment that orders disgorgement and prejudgment interest of $929,995 to be paid to the Commission, so that it may be distributed to harmed investors. Sodi has also been suspended from appearing or practicing before the Commission under Rule 102(e)(3) of the Commission's Rules of Practice. The SEC's litigation was conducted by Patrick Costello, with assistance from Sarah Lamoree and J. Lee Buck, II. See also Press Rel. No. 2018-38 (March 9, 2018) Lit. Rel. No. 24603 (September 19, 2019)
OCR text (2,184c · html-text · 99% conf)
Court Issues Amended Final Judgment Against Penny Stock "Mailman" and His Two Companies Litigation Release No. 25665 / March 14, 2023 Securities and Exchange Commission v. Brian Robert Sodi, et al., No. 5-18-cv-00313-MHH (N.D. Ala. filed Feb. 26, 2018) On January 31, 2023, the U.S. District Court for the Northern District of Alabama issued an amended final judgment against Florida resident Brian Robert Sodi and two of his now-defunct companies, Capital Financial Media LLC (CFM) and List Data Solutions LLC (LDS), for securities fraud and other violations in connection with promoting penny stocks in scalping and pump-and-dump schemes in 2013. The Commission's complaint, filed February 26, 2018, alleged that Sodi, a CPA, secretly acquired shares of two companies and then sold those shares while using CFM and LDS to disseminate statements urging investors to buy those stocks, and without disclosing his holdings, sales, or plans to sell. Sodi, CFM, and LDS agreed to settle the charges in September 2019, agreeing to injunctive relief and to pay, jointly and severally, a total of $1,268,000 in disgorgement and prejudgment interest, with this obligation to be offset by the total amount of restitution and/or forfeiture ultimately ordered in the parallel criminal proceeding against Sodi. The court entered final judgment on April 16, 2020, requiring any funds paid by the defendants to be remitted to the United States Treasury. In a parallel criminal action filed in the Northern District of Alabama, Sodi pleaded guilty on May 19, 2019 to one count of securities fraud. Sodi was later ordered to pay $338,056 in forfeiture. On January 31, 2023, the court issued an amended final judgment that orders disgorgement and prejudgment interest of $929,995 to be paid to the Commission, so that it may be distributed to harmed investors. Sodi has also been suspended from appearing or practicing before the Commission under Rule 102(e)(3) of the Commission's Rules of Practice. The SEC's litigation was conducted by Patrick Costello, with assistance from Sarah Lamoree and J. Lee Buck, II. See also Press Rel. No. 2018-38 (March 9, 2018) Lit. Rel. No. 24603 (September 19, 2019)