2020-06-11 sec-litreleases pdf 128 KB 4,637 chars

In re SERGIO RAMIREZ

Exhibit of PowerTradersPress.com, Inc., et al.
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summary

Sergio Ramirez was barred from the securities industry after pleading guilty to conspiracy to commit securities fraud involving the misleading sale of ICEIF penny stocks.

paragraph

Between 2014 and 2017, Sergio Ramirez solicited investments in Intelligent Content Enterprises, Inc. (ICEIF) while acting as an associated person to an unregistered broker. He admitted to cold-calling investors and overstating the company's earnings capacity to induce investment, leading to a guilty plea for conspiracy to commit securities fraud. The SEC imposed sanctions barring him from associating with brokers, dealers, and investment advisers, as well as from participating in any penny stock offerings.

narrative

Sergio Ramirez, a resident of East Meadow, New York, engaged in a scheme to defraud investors of the penny stock Intelligent Content Enterprises, Inc. (ICEIF) from January 2014 to July 2017. While acting as an associated person to an unregistered broker, Ramirez admitted to cold-calling investors and intentionally misleading them by overstating the company's current and future earnings. In May 2018, Ramirez pled guilty to conspiracy to commit securities fraud in the United States District Court for the Eastern District of New York. Following an Offer of Settlement, the SEC instituted administrative proceedings and imposed significant remedial sanctions. Ramirez is now barred from associating with any broker, dealer, investment adviser, or municipal securities dealer. Additionally, he is prohibited from participating in any penny stock offerings, including acting as a promoter, finder, or consultant. Any future reentry into the industry remains subject to compliance with the Commission's order and the payment of any potential disgorgement or penalties.

Enriched metadata

Scheme
broker-dealer-fraud (95%)
Court
Eastern District of New York
Outcome
pleaded · 2018-05-25
Classified broker-dealer-fraud(confidence 95%). EDGAR detection: forms Form D· recall 29% / precision 9%. detection rule →
Statutes
SECTION 15(b) OF THE SECURITIES EXCHANGE ACT
Parties
Securities and Exchange CommissionSergio Ramirez
Keywords
commissionrespondentsecurities exchangesecuritiesexchangeorderramirezproceedingssergio ramirezpenny stockcommission orderpursuantadministrative proceedingspursuant securitieswhich commission

Extracted insights

Entities 9
  • person administrative proceedings
  • scheme_term conspiracy to commit securities fraud
  • company offer and sale of securities of intelligent content enterprises, inc.
  • person respondent ramirez
  • agency Securities and Exchange Commission
  • person sergio ramirez
  • agency the securities and exchange commission
  • scheme_term to conspiracy to commit securities fraud
  • court united states district court
Triples 44
  • Securities and Exchange Commission instituted administrative proceedings against Sergio Ramirez
  • Sergio Ramirez submitted Offer of Settlement
  • Securities and Exchange Commission accepted Offer of Settlement
  • Sergio Ramirez admitted Commission's jurisdiction
  • Sergio Ramirez solicited offer and sale of securities of Intelligent Content Enterprises, Inc.
  • Sergio Ramirez acted as an associated person to an unregistered broker
  • Sergio Ramirez pled guilty to conspiracy to commit securities fraud
  • United States District Court scheduled to sentence Sergio Ramirez on April 24, 2020
  • Sergio Ramirez engaged in a scheme to defraud investors
  • Sergio Ramirez misled investors as to the true value of ICEIF
  • Securities and Exchange Commission barred Sergio Ramirez from association with any broker or dealer
  • Securities and Exchange Commission barred Sergio Ramirez from participating in any offering of a penny stock
  • The Securities and Exchange Commission deems it appropriate public administrative proceedings be, and hereby are, instituted
  • Respondent submitted an Offer of Settlement which the Commission has determined to accept
  • Respondent admits the Commission’s jurisdiction over him and the subject matter of these proceedings
  • 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
  • Respondent solicited the offer and sale of the securities of Intelligent Content Enterprises, Inc. ("ICEIF"), which is a penny stock, to individual investors
  • Respondent pled guilty to conspiracy to commit securities fraud in violation of Title 18, United States Code, Sections 371
  • The Court is scheduled to sentence the Respondent on April 24, 2020
  • Respondent admitted that he, in concert with others engaged in a scheme to defraud investors by cold-calling investors in New York and other states
  • The Commission deems it appropriate to impose the sanctions agreed to in Respondent Ramirez’s Offer
  • Respondent Ramirez be barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization
  • Respondent Ramirez be 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
  • Sergio Ramirez solicited the offer and sale the securities of Intelligent Content Enterprises, Inc. (ICEIF) to individual investors
  • Sergio Ramirez pled guilty to conspiracy to commit securities fraud
  • Sergio Ramirez admitted that he engaged in a scheme to defraud investors by cold-calling and misleading them about ICEIF's value
  • the Commission bars Sergio Ramirez from association with any broker, dealer, investment adviser, or similar entity
  • the Commission bars Sergio Ramirez from participating in any offering of a penny stock
  • Securities and Exchange Commission instituted administrative proceedings
  • Sergio Ramirez solicited securities of Intelligent Content Enterprises, Inc.
  • Sergio Ramirez pled guilty conspiracy to commit securities fraud
  • Sergio Ramirez admitted scheme to defraud investors
  • Commission barred Sergio Ramirez
  • Sergio Ramirez consents entry of this Order
  • The Securities and Exchange Commission deems it appropriate public administrative proceedings be, and hereby are, instituted
  • Respondent submitted an Offer of Settlement which the Commission has determined to accept
  • Respondent admits the Commission’s jurisdiction over him and the subject matter of these proceedings
  • 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
  • Respondent solicited the offer and sale of the securities of Intelligent Content Enterprises, Inc. ("ICEIF"), which is a penny stock, to individual investors
  • Respondent pled guilty to conspiracy to commit securities fraud in violation of Title 18, United States Code, Sections 371
  • Respondent admitted that he, in concert with others engaged in a scheme to defraud investors by cold-calling investors in New York and other states
  • The Commission deems it appropriate to impose the sanctions agreed to in Respondent Ramirez’s Offer
  • Respondent Ramirez be barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization
  • Respondent Ramirez be 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
PDF
In re SERGIO RAMIREZ · Source
Text layers
Extracted body text (4,637c) 

 
 
 UNITED STATES OF AMERICA 
 Before the 
 SECURITIES AND EXCHANGE COMMISSION 
 
SECURITIES EXCHANGE ACT OF 1934 
Release No. 88651 / April 15, 2020 
 
ADMINISTRATIVE PROCEEDING 
File No. 3-19747 
 
 
 
 
In the Matter of 
 
SERGIO RAMIREZ,   
 
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 Sergio Ramirez 
(“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, Respondent admits the Commission’s 
jurisdiction over him and the subject matter of these proceedings, and the findings contained in 
paragraph III.2 below, and 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.   

 
2 
III. 
 
 On the basis of this Order and Respondent’s Offer, the Commission finds that:  
 
1. From approximately January 2014 to July 2017, Respondent solicited the offer and 
sale of the securities of Intelligent Content Enterprises, Inc.  (“ICEIF”), which is a penny stock, to 
individual investors while acting as an associated person to an unregistered broker.  Respondent, 47 
years old, is a resident of East Meadow, New York. 
 
2. On May 25, 2018, Respondent pled guilty to conspiracy to commit securities fraud 
in violation of Title 18, United States Code, Sections 371, before the United States District Court for 
the Eastern District of New York, in United States v. Chartier, et al., No. 17-cr-00372-JS-GRB.  
The Court is scheduled to sentence the Respondent on April 24, 2020.  
 
3. In connection with that plea, Respondent admitted that he, in concert with others, 
engaged in a scheme to defraud investors by cold-calling investors in New York and other states 
and knowingly and intentionally misleading them as to the true value of ICEIF, including by 
overstating their current and future earnings capacities to induce investment.   
 
IV. 
 
 In view of the foregoing, the Commission deems it appropriate and in the public interest to 
impose the sanctions agreed to in Respondent Ramirez’s Offer. 
 
 Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act, 
that Respondent Ramirez 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 Ramirez 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 

 
3 
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 
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
OCR text (4,728c · tika · 95% conf) 
UNITED STATES OF AMERICA 

 Before the 

 SECURITIES AND EXCHANGE COMMISSION 

 

SECURITIES EXCHANGE ACT OF 1934 

Release No. 88651 / April 15, 2020 

 

ADMINISTRATIVE PROCEEDING 

File No. 3-19747 

 

 

 

 

In the Matter of 

 

SERGIO RAMIREZ,   

 

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 Sergio Ramirez 

(“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, Respondent admits the Commission’s 

jurisdiction over him and the subject matter of these proceedings, and the findings contained in 

paragraph III.2 below, and 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.   



 2 

III. 

 

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

 

1. From approximately January 2014 to July 2017, Respondent solicited the offer and 

sale of the securities of Intelligent Content Enterprises, Inc.  (“ICEIF”), which is a penny stock, to 

individual investors while acting as an associated person to an unregistered broker.  Respondent, 47 

years old, is a resident of East Meadow, New York. 

 

2. On May 25, 2018, Respondent pled guilty to conspiracy to commit securities fraud 

in violation of Title 18, United States Code, Sections 371, before the United States District Court for 

the Eastern District of New York, in United States v. Chartier, et al., No. 17-cr-00372-JS-GRB.  

The Court is scheduled to sentence the Respondent on April 24, 2020.  

 

3. In connection with that plea, Respondent admitted that he, in concert with others, 

engaged in a scheme to defraud investors by cold-calling investors in New York and other states 

and knowingly and intentionally misleading them as to the true value of ICEIF, including by 

overstating their current and future earnings capacities to induce investment.   

 

IV. 

 

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

impose the sanctions agreed to in Respondent Ramirez’s Offer. 

 

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

that Respondent Ramirez 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 Ramirez 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 



 3 

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 

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