SEC v. Ozy Media, Inc.; and Carlos R. Watson, Jr., No. LR-26403, Southern District of New York (Sept. 18, 2025) — Press Release
raw: Ozy Media, Inc. and Carlos R. Watson, Jr.
Ozy Media, Inc. and Carlos R. Watson, Jr., No. 1:23-cv-01424 (S.D.N.Y. Sept. 18, 2025)
The SEC has dismissed its civil enforcement action against Ozy Media, Inc. and CEO Carlos Watson with prejudice through a joint stipulation.
The SEC filed joint stipulations to dismiss the civil enforcement action against Ozy Media, Inc. and CEO Carlos Watson with prejudice. The litigation, initiated in February 2023 in the Southern District of New York, addressed allegations of fraud regarding financial practices. While specific dollar amounts were not detailed in the dismissal, the action concludes the ongoing enforcement proceedings.
The U.S. Securities and Exchange Commission has dismissed its civil enforcement action against Ozy Media, Inc. and CEO Carlos Watson with prejudice. This dismissal was achieved through joint stipulations filed by both the Commission and the defendants. The original case was filed in the Southern District of New York in February 2023 to address fraud allegations related to the company's financial reporting. The SEC noted that the decision to dismiss was made in the exercise of its discretion. This resolution does not necessarily reflect the Commission’s position on any other potential cases. Although specific monetary penalties were not explicitly outlined in the dismissal release, the action marks the formal conclusion of this specific litigation.
Extracted insights
- person Carlos Watson
- person joint stipulations
- organization Ozy Media, Inc.
- agency Securities and Exchange Commission
- Securities And Exchange Commission announces dismissal of civil enforcement action against Ozy Media and CEO Carlos Watson
- Securities And Exchange Commission filed joint stipulations with Defendants Ozy Media, Inc. and Carlos Watson to dismiss the civil enforcement action
- Joint Stipulations provide the Commission’s decision to seek dismissal in the exercise of its discretion
- SEC issued Litigation Release No. 26403 on September 18, 2025
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26403 / September 18, 2025 Securities and Exchange Commission v. Ozy Media, Inc., et al., No. 1:23-cv-01424 (S.D.N.Y. filed Feb. 23, 2023) SEC Announces Dismissal of Civil Enforcement Action Against Ozy Media and CEO Carlos Watson The Securities and Exchange Commission today filed joint stipulations with Defendants Ozy Media, Inc. and Carlos Watson to dismiss, with prejudice, the Commission’s ongoing civil enforcement action against them. As stated in the joint stipulations, the Commission’s decision to seek dismissal is “in the exercise of its discretion” and “does not necessarily reflect the Commission’s position on any other case.”
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26403 / September 18, 2025 Securities and Exchange Commission v. Ozy Media, Inc., et al., No. 1:23-cv-01424 (S.D.N.Y. filed Feb. 23, 2023) SEC Announces Dismissal of Civil Enforcement Action Against Ozy Media and CEO Carlos Watson The Securities and Exchange Commission today filed joint stipulations with Defendants Ozy Media, Inc. and Carlos Watson to dismiss, with prejudice, the Commission’s ongoing civil enforcement action against them. As stated in the joint stipulations, the Commission’s decision to seek dismissal is “in the exercise of its discretion” and “does not necessarily reflect the Commission’s position on any other case.”