In re HECTOR PEREZ

 
 
 UNITED STATES OF AMERICA 
 Before the 
 SECURITIES AND EXCHANGE COMMISSION 
 
SECURITIES EXCHANGE ACT OF 1934 
Release No. 89523 / August 11, 2020 
 
ADMINISTRATIVE PROCEEDING 
File No. 3-19910 
 
In the Matter of 
 
HECTOR PEREZ,   
 
Respondent. 
 
ORDER INSTITUTING  
ADMINISTRATIVE PROCEEDINGS 
PURSUANT TO SECTION 15(b) OF THE 
SECURITIES EXCHANGE ACT OF 1934 
MAKING FINDINGS, AND IMPOSING 
REMEDIAL SANCTIONS 
 
 
 
 
I. 
 
 The Securities and Exchange Commission (“Commission”) deems it appropriate and in the 
public interest that public administrative proceedings be, and hereby are, instituted pursuant to 
Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Hector Perez 
(“Perez” or “Respondent”).   
 
II. 
 
 In anticipation of the institution of these proceedings, Respondent has submitted an Offer 
of Settlement (the “Offer”) which the Commission has determined to accept.  Solely for the 
purpose of these proceedings and any other proceedings brought by or on behalf of the 
Commission, or to which the Commission is a party, and without admitting or denying the findings 
herein, except as to the Commission’s jurisdiction over him and the subject matter of these 
proceedings and the findings contained in paragraph III.2 below, which are admitted, Respondent 
consents to the entry of this Order Instituting Administrative Proceedings Pursuant to Section 15(b) 
of the Securities Exchange Act of 1934 Making Findings, and Imposing Remedial Sanctions 
(“Order”), as set forth below.   
 

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III. 
 
 On the basis of this Order and Respondent’s Offer, the Commission finds that  
 
1. From October 2013 until June 2015, Perez was a registered representative at Global 
Arena Capital Corp. (“Global”), a broker-dealer formerly registered with the Commission.  Perez, 
33 years old, is a resident of North Arlington, New Jersey. 
 
2. On July 22, 2020, a judgment was entered by consent against Perez, permanently 
enjoining him from future violations of Section 17(a) of the Securities Act of 1933 (“Securities 
Act”) and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, in a civil action entitled 
Securities and Exchange Commission v. Engler, et al., Civil Action Number 20-CV-1625, in the 
United States District Court for the Eastern District of New York. 
 
3. The Commission’s complaint alleged that, from April 1, 2015 through June 4, 
2015, Perez executed approximately 1,200 trades without authorization in approximately 90 
accounts.  The complaint alleged that the principal value of the transactions, including 
commissions, markup/markdown and fees (together “commissions”) totaled approximately 
$30,600,000; that the commissions charged to the accounts totaled over $700,000; and that Perez 
received $137,275 in commissions from his fraudulent conduct. 
 
IV. 
 
 In view of the foregoing, the Commission deems it appropriate and in the public interest to 
impose the sanctions agreed to in Respondent’s Offer. 
 
 Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act 
Respondent be, and hereby is barred from association with any broker, dealer, investment adviser, 
municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical 
rating organization; and 
 
 Pursuant to Section 15(b)(6) of the Exchange Act Respondent be, and hereby is barred from 
participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, 
agent or other person who engages in activities with a broker, dealer or issuer for purposes of the 
issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of 
any penny stock. 
 
Any reapplication for association by the Respondent will be subject to the applicable laws 
and regulations governing the reentry process, and reentry may be conditioned upon a number of 
factors, including, but not limited to, compliance with the Commission’s order and payment of any 
or all of the following:  (a) any disgorgement or civil penalties ordered by a Court against the 
Respondent in any action brought by the Commission; (b) any disgorgement amounts ordered 
against the Respondent for which the Commission waived payment; (c) any arbitration award 
related to the conduct that served as the basis for the Commission order; (d) any self-regulatory 
organization arbitration award to a customer, whether or not related to the conduct that served as 

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the basis for the Commission order; and (e) any restitution order by a self-regulatory organization, 
whether or not related to the conduct that served as the basis for the Commission order. 
 
 For the Commission, by its Secretary, pursuant to delegated authority. 
 
 
Vanessa A. Countryman 
Secretary 
 
  
 

UNITED STATES OF AMERICA 

 Before the 

 SECURITIES AND EXCHANGE COMMISSION 

 

SECURITIES EXCHANGE ACT OF 1934 

Release No. 89523 / August 11, 2020 

 

ADMINISTRATIVE PROCEEDING 

File No. 3-19910 

 

In the Matter of 

 

HECTOR PEREZ,   

 

Respondent. 

 

ORDER INSTITUTING  

ADMINISTRATIVE PROCEEDINGS 

PURSUANT TO SECTION 15(b) OF THE 

SECURITIES EXCHANGE ACT OF 1934 

MAKING FINDINGS, AND IMPOSING 

REMEDIAL SANCTIONS 

 

 

 

 

I. 
 

 The Securities and Exchange Commission (“Commission”) deems it appropriate and in the 

public interest that public administrative proceedings be, and hereby are, instituted pursuant to 

Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Hector Perez 

(“Perez” or “Respondent”).   

 

II. 
 

 In anticipation of the institution of these proceedings, Respondent has submitted an Offer 

of Settlement (the “Offer”) which the Commission has determined to accept.  Solely for the 

purpose of these proceedings and any other proceedings brought by or on behalf of the 

Commission, or to which the Commission is a party, and without admitting or denying the findings 

herein, except as to the Commission’s jurisdiction over him and the subject matter of these 

proceedings and the findings contained in paragraph III.2 below, which are admitted, Respondent 

consents to the entry of this Order Instituting Administrative Proceedings Pursuant to Section 15(b) 

of the Securities Exchange Act of 1934 Making Findings, and Imposing Remedial Sanctions 

(“Order”), as set forth below.   

 



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III. 
 

 On the basis of this Order and Respondent’s Offer, the Commission finds that  

 

1. From October 2013 until June 2015, Perez was a registered representative at Global 

Arena Capital Corp. (“Global”), a broker-dealer formerly registered with the Commission.  Perez, 

33 years old, is a resident of North Arlington, New Jersey. 

 

2. On July 22, 2020, a judgment was entered by consent against Perez, permanently 

enjoining him from future violations of Section 17(a) of the Securities Act of 1933 (“Securities 

Act”) and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, in a civil action entitled 

Securities and Exchange Commission v. Engler, et al., Civil Action Number 20-CV-1625, in the 

United States District Court for the Eastern District of New York. 

 

3. The Commission’s complaint alleged that, from April 1, 2015 through June 4, 

2015, Perez executed approximately 1,200 trades without authorization in approximately 90 

accounts.  The complaint alleged that the principal value of the transactions, including 

commissions, markup/markdown and fees (together “commissions”) totaled approximately 

$30,600,000; that the commissions charged to the accounts totaled over $700,000; and that Perez 

received $137,275 in commissions from his fraudulent conduct. 

 

IV. 

 

 In view of the foregoing, the Commission deems it appropriate and in the public interest to 

impose the sanctions agreed to in Respondent’s Offer. 

 

 Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act 

Respondent be, and hereby is barred from association with any broker, dealer, investment adviser, 

municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical 

rating organization; and 

 

 Pursuant to Section 15(b)(6) of the Exchange Act Respondent be, and hereby is barred from 

participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, 

agent or other person who engages in activities with a broker, dealer or issuer for purposes of the 

issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of 

any penny stock. 

 

Any reapplication for association by the Respondent will be subject to the applicable laws 

and regulations governing the reentry process, and reentry may be conditioned upon a number of 

factors, including, but not limited to, compliance with the Commission’s order and payment of any 

or all of the following:  (a) any disgorgement or civil penalties ordered by a Court against the 

Respondent in any action brought by the Commission; (b) any disgorgement amounts ordered 

against the Respondent for which the Commission waived payment; (c) any arbitration award 

related to the conduct that served as the basis for the Commission order; (d) any self-regulatory 

organization arbitration award to a customer, whether or not related to the conduct that served as 



 3 

the basis for the Commission order; and (e) any restitution order by a self-regulatory organization, 

whether or not related to the conduct that served as the basis for the Commission order. 

 

 For the Commission, by its Secretary, pursuant to delegated authority. 

 

 

Vanessa A. Countryman 

Secretary