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Sec. & Exch. Comm'n v. Aly

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK
Oct 5, 2018
16 CIVIL 3853 (PGG) (S.D.N.Y. Oct. 5, 2018)

Opinion

16 CIVIL 3853 (PGG)

10-05-2018

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. NAUMAN A. ALY, Defendant.


JUDGMENT

It is hereby ORDERED, ADJUDGED AND DECREED: That for the reasons stated in the Court's Order dated October 5, 2018, Defendant's motion for judgment against the SEC (Dkt. No. 96), motion to vacate (Dkt. No. 97), and motion to stay (Dkt. No. 98) are denied. Plaintiff's motion for remedies (Dkt. No. 105) is granted. Defendant is ordered to pay a disgorgement amount of $425,665, plus $1,419 in prejudgment interest, and a civil monetary penalty of $425,665. The balance of Aly's United States brokerage account-which presently holds approximately $458,517 - will be transferred to Plaintiff and applied to Defendant's disgorgement, prejudgment interest, and civil penalty obligations. Judgment is entered against Defendant; accordingly, the case is closed. Dated: New York, New York

October 5, 2018

RUBY J. KRAJICK

Clerk of Court

BY:

S/ Drew 'Agostino

Deputy Clerk


Summaries of

Sec. & Exch. Comm'n v. Aly

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK
Oct 5, 2018
16 CIVIL 3853 (PGG) (S.D.N.Y. Oct. 5, 2018)
Case details for

Sec. & Exch. Comm'n v. Aly

Case Details

Full title:SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. NAUMAN A. ALY, Defendant.

Court:UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK

Date published: Oct 5, 2018

Citations

16 CIVIL 3853 (PGG) (S.D.N.Y. Oct. 5, 2018)