Opinion
1:21-cv-05168
09-30-2021
UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. KEITH A. WAKEFIELD, Defendant.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Alyssa A. Qualls Som P. Dalal Natalie G. Garner Kristin M. Pauley Attorneys for Plaintiff United States Securities and Exchange Commission
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Alyssa A. Qualls Som P. Dalal Natalie G. Garner Kristin M. Pauley Attorneys for Plaintiff United States Securities and Exchange Commission
UNITED STATES SECURITIES AND EXCHANGE COMMISSION'S MOTION FOR ENTRY OF JUDGMENT
Plaintiff United States Securities and Exchange Commission (“SEC”) hereby moves this Court for entry of judgment as to Defendant Keith A. Wakefield. In support thereof, the SEC states as follows:
1. On September 3, 2021, Defendant Wakefield signed the Consent of Defendant Keith A. Wakefield, an executed copy of which is attached hereto as Exhibit 1.
2. In the Consent, Defendant Wakefield agreed to entry of judgment against him. Among other things, Defendant Wakefield agreed to the issuance of an injunction restraining him from violating the federal securities laws. (Ex. 1, ¶ 2(a).) Defendant Wakefield also agreed that, upon motion of the SEC, the Court will order the Defendant to pay disgorgement with prejudgment interest and a civil penalty in amounts to be determined by the Court. (Ex. 1, ¶¶ 2(b), 4.)
3. Exhibit 2 to this Motion is the agreed Judgment as to Defendant Keith A. Wakefield. The agreed Judgment reflects a bifurcated settlement. The Judgment includes a permanent injunction, to be ordered now. The Judgment further contemplates a future determination by this Court as to the amounts of disgorgement with prejudgment interest and civil penalty (following the filing of a motion by the SEC, and the opportunity of Defendant to be heard on the matter).
WHEREFORE, Plaintiff United States Securities and Exchange Commission respectfully requests that the Court grant its Motion; enter the Judgment set forth in Exhibit 2; and grant such other and further relief as this Court deems just and proper.