2024-03-27 sec-litreleases pdf 96 KB 1,756 chars

Securities and Exchange Commission v. Brenna B. Mahoney, et al.

raw: An Opinion and Order of the Honorable Allyne R. Ross, United States District Judge,

An Opinion and Order of the Honorable Allyne R. Ross, United States District Judge,, No. 1:21-cv-05294 (Mar. 27, 2024)

Caption
Securities and Exchange Commission v. Brenna B. Mahoney, et al.
Exhibit of William Shupe and Daniel Cattlin
Source PDF JSON
summary

The SEC obtained a default judgment against Daniel Cattlin and William R. Shupe for securities fraud, resulting in significant financial penalties and permanent injunctions against Cattlin.

paragraph

The court granted a default motion against defendants Daniel Cattlin and William R. Shupe for violations of Section 10(b), Rule 10b–5, and Section 17(a) of the Securities and Exchange Acts. Cattlin was ordered to pay $107,140 in disgorgement, $17,217.62 in prejudgment interest, and $230,464 in civil penalties. The judgment also imposes a permanent injunction against Cattlin prohibiting further securities violations and barring him from penny stock offerings or serving as a public company officer.

narrative

The Securities and Exchange Commission successfully obtained a default judgment in the Eastern District of New York against Daniel Cattlin and William R. Shupe. The defendants were charged with violations of Section 10(b), Rule 10b–5, and Section 17(a) of the Securities and Exchange Acts. The court ordered Cattlin to pay $107,140 in disgorgement plus $17,217.62 in prejudgment interest. Additionally, the court imposed civil penalties against Cattlin totaling $230,464. A permanent injunction was issued against Cattlin, prohibiting him from committing further violations of the specified securities laws. Furthermore, the judgment bars Cattlin from participating in any penny stock offerings and prohibits him from acting as an officer or director of a public company.

Enriched metadata

Scheme
broker-dealer-fraud (90%)
Court
Eastern District of New York
Case No.
1:21-cv-05294
Disgorgement
$107,140
Civil penalty
$230,464
Classified broker-dealer-fraud(confidence 90%). EDGAR detection: forms Form D· recall 29% / precision 9%. detection rule →
Statutes
15 U.S.C. § 78j(b)17 C.F.R. § 240.10b-515 U.S.C. § 77q(a)
Parties
brenna b. mahoneydefault motion
Keywords
prohibiting cattlinamountopinion orderorder honorablehonorable allyneallyne rossross judgesecurities exchangecattlingrantingdefault motionamount plusplus prejudgmentprejudgment interestinterest amount

Extracted insights

Dollar amounts 3
  • $230K $230,464 $100K–$1M
  • $107K $107,140 $100K–$1M
  • $17K $17,217 $10K–$100K
Entities 2
  • person brenna b. mahoney
  • person default motion
Triples 8
  • Opinion And Order filed March 25, 2024
  • Opinion And Order adopted Report And Recommendation Of Magistrate James R. Cho
  • Opinion And Order granted default motion
  • Opinion And Order granted disgorgement of $107,140 plus prejudgment interest of $17,217.62
  • Opinion And Order granted civil penalties of $230,464
  • Injunction prohibits Cattlin from committing further violations of Section 10(b) Rule 10b–5 and Section 17(a) of the Securities And Exchange Acts
  • Injunction prohibits Cattlin from participating in any offering of penny stock or acting as an officer or director of a public company
  • Brenna B. Mahoney signed Opinion And Order on March 26, 2024
PDF
An Opinion and Order of the Honorable Allyne R. Ross, United States District Judge, · Source
Text layers
Extracted body text (1,756c) 
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK
---------------------------------------------------------------X
SECURITIES & EXCHANGE COMMISSION,

Plaintiff,   JUDGMENT
v.       21-CV-5294 (ARR) (JRC)

DANIEL CATTLIN and WILLIAM R. SHUPE,

Defendants.
---------------------------------------------------------------X
An Opinion and Order of the Honorable Allyne R. Ross, United States District Judge,
having been filed on March 25, 2024, adopting the Report and Recommendation of Magistrate
James R. Cho, dated March 8, 2024, granting the default motion; granting disgorgement in the
amount of $107,140, plus prejudgment interest in the amount of $17,217.62; granting civil
penalties in the amount of $230,464; granting injunctive relief in the form of a permanent
injunction prohibiting Cattlin from committing further violations of Section 10(b), Rule 10b–5,
and Section 17(a) of the Securities and Exchange Acts, and prohibiting Cattlin from participating
in any offering of penny stock or acting as an officer or director of a public company; it is
ORDERED and ADJUDGED that the default motion is granted; that disgorgement is
granted in the amount of $107,140, plus prejudgment interest in the amount of $17,217.62; civil
penalties are granted in the amount of $230,464; and that  injunctive relief is granted in the form
of a permanent injunction prohibiting Cattlin from committing further violations of Section
10(b), Rule 10b–5, and Section 17(a) of the Securities and Exchange Acts, and prohibiting
Cattlin from participating in any offering of penny stock or acting as an officer or director of a
public company.
Dated:  Brooklyn, New York      Brenna B. Mahoney
 March 26, 2024     Clerk of Court

By: /s/Jalitza Poveda

Deputy Clerk
OCR text (1,989c · tika · 95% conf) 
UNITED STATES DISTRICT COURT 
EASTERN DISTRICT OF NEW YORK 
---------------------------------------------------------------X  
SECURITIES & EXCHANGE COMMISSION, 
 

Plaintiff,   JUDGMENT 
v.       21-CV-5294 (ARR) (JRC) 

 
DANIEL CATTLIN and WILLIAM R. SHUPE, 
 

Defendants. 
---------------------------------------------------------------X 

An Opinion and Order of the Honorable Allyne R. Ross, United States District Judge, 

having been filed on March 25, 2024, adopting the Report and Recommendation of Magistrate 

James R. Cho, dated March 8, 2024, granting the default motion; granting disgorgement in the 

amount of $107,140, plus prejudgment interest in the amount of $17,217.62; granting civil 

penalties in the amount of $230,464; granting injunctive relief in the form of a permanent 

injunction prohibiting Cattlin from committing further violations of Section 10(b), Rule 10b–5, 

and Section 17(a) of the Securities and Exchange Acts, and prohibiting Cattlin from participating 

in any offering of penny stock or acting as an officer or director of a public company; it is 

ORDERED and ADJUDGED that the default motion is granted; that disgorgement is 

granted in the amount of $107,140, plus prejudgment interest in the amount of $17,217.62; civil 

penalties are granted in the amount of $230,464; and that  injunctive relief is granted in the form 

of a permanent injunction prohibiting Cattlin from committing further violations of Section 

10(b), Rule 10b–5, and Section 17(a) of the Securities and Exchange Acts, and prohibiting 

Cattlin from participating in any offering of penny stock or acting as an officer or director of a 

public company. 

Dated: Brooklyn, New York     Brenna B. Mahoney 
 March 26, 2024     Clerk of Court 
 

By: /s/Jalitza Poveda 

Case 1:21-cv-05294-ARR-JRC   Document 42   Filed 03/26/24   Page 1 of 2 PageID #: 473



Deputy Clerk 
 
 
 

Case 1:21-cv-05294-ARR-JRC   Document 42   Filed 03/26/24   Page 2 of 2 PageID #: 474

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