SEC v. Aaron B. Fletcher; and Twin Spires Financial LLC, No. 3:22-cv-01467, Western District of Louisiana (Sept. 19, 2022) — Judgment

UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF LOUISIANA
MONROE DIVISION

U S SECURITIES & EXCHANGE
COMMISSION

CASE NO.  3:22-CV-01467
VERSUS

JUDGE TERRY A. DOUGHTY
AARON B FLETCHER ET AL MAG. JUDGE KAYLA D. MCCLUSKY

JUDGMENT
Upon consideration of Plaintiff’s Motion for Remedies [Doc. No. 7] against defendants
Aaron B. Fletcher (“Fletcher”) and Twin Spires Financial LLC (“Twin Spires”) (collectively
“Defendants”), and Fletcher’s response to the Motion [Doc. No. 11] and in accordance with the
consent judgments separately agreed to by Plaintiff and each of the Defendants, and being
advised in the premises,
IT IS ORDERED, ADJUDGED, AND DECREED that Defendants are jointly and
severally liable for disgorgement of $26,303, representing net profits gained as a result of the
conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of
$6,642.88, and a civil penalty in the amount of $200,000 pursuant to Section 21(d)(3) of the
Securities Exchange Act of 1934 [15 U.S.C. § 78u(d)(3)] and Section 20(d) of the Securities Act
of 1933 [15 U.S.C. § 77t(d)].  Defendants, jointly and severally, shall satisfy this obligation by
paying $232,410.95 to the Securities and Exchange Commission within 30 days after entry of
this Final Judgment.
Defendants may transmit payment electronically to the Commission, which will provide
detailed ACH transfer/Fedwire instructions upon request.   Payment may also be made directly
from a bank account via Pay.gov through the SEC website at

2

http://www.sec.gov/about/offices/ofm.htm.  Defendants may also pay by certified check, bank
cashier’s check, or United States postal money order payable to the Securities and Exchange
Commission, which shall be delivered or mailed to:
Enterprise Services Center
Accounts Receivable Branch
 6500 South MacArthur Boulevard
Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of
this Court; the name of the defendant making the payment, identified as a defendant in this
action; and specifying that payment is made pursuant to this Final Judgment.
The defendant making the payment shall simultaneously transmit photocopies of
evidence of payment and case identifying information to the Commission’s counsel in this
action.  By making this payment, Defendants relinquish all legal and equitable right, title, and
interest in such funds and no part of the funds shall be returned to either of Defendants.  The
Commission shall send the funds paid pursuant to this Final Judgment to the United States
Treasury.
The Commission may enforce the Court’s judgment for disgorgement and prejudgment
interest by using all collection procedures authorized by law, including, but not limited to,
moving for civil contempt at any time after thirty (30) days following entry of this Final
Judgment.  The Commission may enforce the Court’s judgment for penalties by the use of all
collection procedures authorized by law, including the Federal Debt Collection Procedures Act,
28 U.S.C. § 3001 et seq., and moving for civil contempt for the violation of any Court orders
issued in this action. Defendants, jointly and severally, shall pay post judgment interest on any
amounts due after thirty (30) days of the entry of this Final Judgment pursuant to 28 U.S.C. §
1961.

3

  IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the respective
Consents previously executed by Defendants are incorporated herein with the same force and
effect as if fully set forth herein, and that each of Defendants shall comply with all of the
undertakings and agreements respectively set forth therein in their respective consent.
    IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the permanent
injunctive relief previously ordered by this Court shall remain in effect.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall
retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment.
MONROE, LOUISIANA, this 2
nd
 day of August 2022.

 Terry A. Doughty
United States District Judge

UNITED STATES DISTRICT COURT 

WESTERN DISTRICT OF LOUISIANA 

MONROE DIVISION 

 

 

U S SECURITIES & EXCHANGE 

COMMISSION 

 

CASE NO.  3:22-CV-01467 

VERSUS 

 

JUDGE TERRY A. DOUGHTY 

AARON B FLETCHER ET AL MAG. JUDGE KAYLA D. MCCLUSKY 

 

JUDGMENT 

Upon consideration of Plaintiff’s Motion for Remedies [Doc. No. 7] against defendants 

Aaron B. Fletcher (“Fletcher”) and Twin Spires Financial LLC (“Twin Spires”) (collectively 

“Defendants”), and Fletcher’s response to the Motion [Doc. No. 11] and in accordance with the 

consent judgments separately agreed to by Plaintiff and each of the Defendants, and being 

advised in the premises, 

IT IS ORDERED, ADJUDGED, AND DECREED that Defendants are jointly and 

severally liable for disgorgement of $26,303, representing net profits gained as a result of the 

conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of 

$6,642.88, and a civil penalty in the amount of $200,000 pursuant to Section 21(d)(3) of the 

Securities Exchange Act of 1934 [15 U.S.C. § 78u(d)(3)] and Section 20(d) of the Securities Act 

of 1933 [15 U.S.C. § 77t(d)].  Defendants, jointly and severally, shall satisfy this obligation by 

paying $232,410.95 to the Securities and Exchange Commission within 30 days after entry of 

this Final Judgment.  

Defendants may transmit payment electronically to the Commission, which will provide 

detailed ACH transfer/Fedwire instructions upon request.   Payment may also be made directly 

from a bank account via Pay.gov through the SEC website at 

Case 3:22-cv-01467-TAD-KDM   Document 12   Filed 08/04/22   Page 1 of 3 PageID #:  203



2 

 

http://www.sec.gov/about/offices/ofm.htm.  Defendants may also pay by certified check, bank 

cashier’s check, or United States postal money order payable to the Securities and Exchange 

Commission, which shall be delivered or mailed to: 

Enterprise Services Center  

Accounts Receivable Branch 

 6500 South MacArthur Boulevard  

Oklahoma City, OK 73169 

 

and shall be accompanied by a letter identifying the case title, civil action number, and name of 

this Court; the name of the defendant making the payment, identified as a defendant in this 

action; and specifying that payment is made pursuant to this Final Judgment.    

The defendant making the payment shall simultaneously transmit photocopies of 

evidence of payment and case identifying information to the Commission’s counsel in this 

action.  By making this payment, Defendants relinquish all legal and equitable right, title, and 

interest in such funds and no part of the funds shall be returned to either of Defendants.  The 

Commission shall send the funds paid pursuant to this Final Judgment to the United States 

Treasury.    

The Commission may enforce the Court’s judgment for disgorgement and prejudgment 

interest by using all collection procedures authorized by law, including, but not limited to, 

moving for civil contempt at any time after thirty (30) days following entry of this Final 

Judgment.  The Commission may enforce the Court’s judgment for penalties by the use of all 

collection procedures authorized by law, including the Federal Debt Collection Procedures Act, 

28 U.S.C. § 3001 et seq., and moving for civil contempt for the violation of any Court orders 

issued in this action. Defendants, jointly and severally, shall pay post judgment interest on any 

amounts due after thirty (30) days of the entry of this Final Judgment pursuant to 28 U.S.C. § 

1961. 

Case 3:22-cv-01467-TAD-KDM   Document 12   Filed 08/04/22   Page 2 of 3 PageID #:  204



3 

 

  IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the respective 

Consents previously executed by Defendants are incorporated herein with the same force and 

effect as if fully set forth herein, and that each of Defendants shall comply with all of the 

undertakings and agreements respectively set forth therein in their respective consent.   

    IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the permanent 

injunctive relief previously ordered by this Court shall remain in effect. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall 

retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. 

MONROE, LOUISIANA, this 2nd day of August 2022. 

  

 

 

 

 Terry A. Doughty 

United States District Judge 

 

 

Case 3:22-cv-01467-TAD-KDM   Document 12   Filed 08/04/22   Page 3 of 3 PageID #:  205