2022-11-03 sec-litreleases litigation_release 64 KB 1,391 chars

SEC v. Jeremy K. Rounsville, No. LR-25569, Northern District of Texas (Nov. 3, 2022) — Press Release

raw: Jeremy K. Rounsville

Jeremy K. Rounsville, No. LR-25569 (Nov. 3, 2022)

Caption
SEC v. Jeremy K. Rounsville
Source PDF JSON
summary

Jeremy K. Rounsville was charged by the SEC for promoting the fictitious crypto trading program Arbitraging.co and consented to a judgment including $207,183 in civil penalties.

paragraph

Jeremy K. Rounsville faced SEC charges for violating registration and antifraud provisions while promoting the fictitious cryptocurrency program Arbitraging.co. He is accused of violating the Securities Act of 1933 and the Securities Exchange Act of 1934. The settlement requires Rounsville to pay $207,183 in civil penalties and imposes an officer-and-director bar.

narrative

The SEC filed charges against Jeremy K. Rounsville for his role in promoting Arbitraging.co, a fictitious cryptocurrency trading program. Rounsville is alleged to have violated federal securities laws, specifically the registration and antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. To resolve the matter, Rounsville consented to a judgment without admitting or denying the allegations. The judgment includes a permanent injunction against future securities law violations and a bar from participating in future securities offerings. Additionally, he must pay $207,183 in civil penalties and is subject to an officer-and-director bar. This enforcement action was filed in the Northern District of Texas to address his misconduct in the crypto space.

Enriched metadata

Scheme
crypto-securities (95%)
Court
Northern District of Texas
Outcome
settled
Civil penalty
$207,183
Entity
Jeremy K. Rounsville
Classified crypto-securities(confidence 95%). EDGAR detection: forms 1-A/S-1/8-K· recall 43% / precision 2%. detection rule →
Statutes
Sections 5 and 17(a)(1) and (3) of the Securities ActSections 5 and 17(a)(1) and (3) of the Securities ActSections 5 and 17(a)(1) and (3) of the Securities ActSections 5 and 17(a)(1) and (3) of the Securities ActSection 10(b) of the Securities Exchange ActRule 10b-5
Parties
Securities and Exchange CommissionJeremy K. Rounsville
Keywords
rounsvillejeremy rounsvillesecuritiessecurities exchangejeremytrading programnovember securitiesexchange commissionexchangesec'ssecrolefictitioustradingprogram

Exhibits & Attached Documents (1)

Extracted insights

Dollar amounts 1
  • $207K $207,183 $100K–$1M
Entities 6
  • company arbitraging.co
  • person jason j. burt
  • person jeremy k. rounsville
  • person laura m. metcalfe
  • agency Securities and Exchange Commission
  • person ty j. cottrill
Triples 12
  • Securities And Exchange Commission charges Jeremy K. Rounsville
  • Jeremy K. Rounsville offered and promoted Arbitraging.co
  • Jeremy K. Rounsville violated Sections 5 and 17(a)(1) and (3) of the Securities Act of 1933
  • Jeremy K. Rounsville violated Section 10(b) of the Securities Exchange Act of 1934
  • Jeremy K. Rounsville violated Rule 10b-5
  • Jeremy K. Rounsville consented to entry of a judgment
  • judgment enjoining him from violating these provisions
  • judgment ordering him to pay civil penalties of $207,183
  • judgment imposing an officer-and-director bar against him
  • Securities And Exchange Commission investigation was conducted by Ty J. Cottrill
  • case was supervised by Laura M. Metcalfe
  • case was supervised by Jason J. Burt
PDF (from attached: complaint)
Complaint against Defendant Jeremy K. Rounsville (“Rounsville” or “Defendant”), alleges as · Source
Text layers
Extracted body text (1,391c) 
SEC Charges Promoter for Role in Fictitious Crypto Trading Program Litigation Release No. 25569 / November 3, 2022 Securities and Exchange Commission v. Jeremy K. Rounsville), No. No. 3:22-civ-2458-D (N.D. Tex. filed November 3, 2022) The Securities and Exchange Commission announced today that it filed charges against Jeremy K. Rounsville, a resident of Hunt County, Texas, for his role in offering and promoting a fictitious trading program marketed under the name of Arbitraging.co. The SEC's complaint charges Rounsville with violating certain of the registration and antifraud provisions of the federal securities laws. Specifically, the complaint alleges that Rounsville violated Sections 5 and 17(a)(1) and (3) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934, as well as Rule 10b-5 thereunder. Without admitting or denying the SEC's allegations, Rounsville consented to entry of a judgment, subject to court approval, permanently enjoining him from violating these provisions and from participating in future securities offerings; ordering him to pay civil penalties of $207,183; and imposing an officer-and-director bar against him. The SEC's investigation was conducted by Ty J. Cottrill with assistance from trial attorney Nicholas Heinke and paralegal Judy Bizu. The case was supervised by Laura M. Metcalfe and Jason J. Burt. SEC Complaint
OCR text (1,391c · html-text · 99% conf) 
SEC Charges Promoter for Role in Fictitious Crypto Trading Program Litigation Release No. 25569 / November 3, 2022 Securities and Exchange Commission v. Jeremy K. Rounsville), No. No. 3:22-civ-2458-D (N.D. Tex. filed November 3, 2022) The Securities and Exchange Commission announced today that it filed charges against Jeremy K. Rounsville, a resident of Hunt County, Texas, for his role in offering and promoting a fictitious trading program marketed under the name of Arbitraging.co. The SEC's complaint charges Rounsville with violating certain of the registration and antifraud provisions of the federal securities laws. Specifically, the complaint alleges that Rounsville violated Sections 5 and 17(a)(1) and (3) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934, as well as Rule 10b-5 thereunder. Without admitting or denying the SEC's allegations, Rounsville consented to entry of a judgment, subject to court approval, permanently enjoining him from violating these provisions and from participating in future securities offerings; ordering him to pay civil penalties of $207,183; and imposing an officer-and-director bar against him. The SEC's investigation was conducted by Ty J. Cottrill with assistance from trial attorney Nicholas Heinke and paralegal Judy Bizu. The case was supervised by Laura M. Metcalfe and Jason J. Burt. SEC Complaint

Related documents (1)