2025-09-30 sec-litreleases judgment 206 KB 13,722 chars

SEC v. Jed Wood, No. 4:23-cv-01224, Northern District of Texas (Sept. 30, 2025) — Judgment

raw: Before the Court is Motion for Entry of Agreed Final Judgments as

Before the Court is Motion for Entry of Agreed Final Judgments as, No. 4:23-cv-01224 (Sept. 30, 2025)

Caption
Securities and Exchange Commission v. Agridime LLC
summary

Jed Wood consented to a final judgment with the SEC to resolve allegations of securities fraud and unregistered securities offerings.

paragraph

The SEC secured a final judgment against Jed Wood for violating the Securities Act of 1933 and the Exchange Act of 1934. Wood is ordered to pay a total of $2,569,437.16, which consists of $1,959,309.67 in disgorgement, $373,676.49 in prejudgment interest, and a $236,451 civil penalty. The court also imposed permanent injunctions against future violations of federal securities laws.

narrative

In the Northern District of Texas, defendant Jed Wood has consented to a final judgment following an SEC investigation into securities fraud. The charges involved violations of Section 10(b) of the Exchange Act and Section 17(a) of the Securities Act, specifically regarding fraudulent schemes and the unregistered offer and sale of securities. As part of the settlement, Wood agreed to pay $2,569,437.16, broken down into $1,959,309.67 in disgorgement, $373,676.49 in prejudgment interest, and a $236,451 civil penalty. The judgment also imposes permanent injunctions prohibiting Wood from future violations of the Securities Act and Exchange Act. Additionally, the court barred him from serving as an officer or director of any reporting issuer. Wood waived his right to appeal and consented to the court's jurisdiction over the matter.

Enriched metadata

Scheme
unregistered-securities (95%)
Court
Northern District of Texas
Case No.
4:23-cv-01224
Disgorgement
$1,959,310
Civil penalty
$236,451
Classified unregistered-securities(confidence 95%). EDGAR detection: forms Form D/S-1· recall 41% / precision 30%. detection rule →
Statutes
15 U.S.C. § 78j(b)15 U.S.C. § 77q(a)15 U.S.C. § 77e15 U.S.C. § 77h15 U.S.C. § 77t(b)15 U.S.C. § 78u(d)15 U.S.C. § 77t(e)15 U.S.C. § 78l15 U.S.C. § 78o(d)15 U.S.C. § 77t(d)28 U.S.C. § 300128 U.S.C. § 196111 U.S.C. §52311 U.S.C. §523(a)17 C.F.R. § 240.10b-5Section 10(b) of the Securities Exchange ActSection 17(a) of the Securities ActSection 5 of the Securities ActSection 8 of the Securities ActSection 20(b) of the Securities ActSection 20(e) of the Securities ActSection 20(d) of the Securities ActRule 10b-5
Parties
Securities and Exchange CommissionAgridime LLCLance LentonCattle Empire LLCJoshua LinkMario OstFrost BankSCRS Fort Worth Industrial LLCRobert ShaneADR ProviderLonnie JaegerJed WoodBrookover Feed Yards, Inc.
Keywords
ordered adjudgedadjudged decreedfurther orderedfinalorderedsecuritiesfurthershallcivilcommissionactionadjudgeddecreedordersecurities exchange

Extracted insights

Dollar amounts 4
  • $2.57M $2,569,437 $1M–$10M
  • $1.96M $1,959,309 $1M–$10M
  • $374K $373,676 $100K–$1M
  • $236K $236,451 $100K–$1M
Entities 2
  • person defendant jed wood
  • agency United States Securities And Exchange Commission
Triples 12
  • United States Securities And Exchange Commission Filed a Complaint Against Agridime Llc And Jed Wood
  • Defendant Jed Wood Entered a General Appearance In The Case
  • Defendant Jed Wood Consented To Jurisdiction Of The Court Over The Subject Matter Of This Action
  • Defendant Jed Wood Consented To Entry Of This Final Judgment
  • Defendant Jed Wood Waived Findings Of Fact And Conclusions Of Law
  • Defendant Jed Wood Waived Any Right To Appeal From This Final Judgment
  • The Court Ordered And Decreed That Defendant Is Permanently Restrained And Enjoined From Violating Section 10(b) Of The Securities Exchange Act Of 1934 And Rule 10b-5
  • The Court Ordered And Decreed That The Foregoing Paragraph Also Applies To Defendant’s Officers, Agents, Servants, Employees, And Attorneys Who Receive Actual Notice Of This Final Judgment
  • The Court Ordered And Decreed That The Foregoing Paragraph Also Applies To Other Persons In Active Concert Or Participation With Defendant Or Anyone Described In (a)
  • The Court Ordered And Decreed That Defendant Is Permanently Restrained And Enjoined From Violating Section 17(a) Of The Securities Act Of 1933
  • The Court Ordered And Decreed That The Foregoing Paragraph Also Applies To Defendant’s Officers, Agents, Servants, Employees, And Attorneys Who Receive Actual Notice Of This Final Judgment
  • The Court Ordered And Decreed That The Foregoing Paragraph Also Applies To Other Persons In Active Concert Or Participation With Defendant Or Anyone Described In (a)
Text layers
Extracted body text (13,722c)
UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF TEXAS
FORT WORTH DIVISION
UNITED STATES SECURITIES
AND EXCHANGE COMMISSION,
Plaintiff,
v. No. 4:23-cv-01224-P
AGRIDIME LLC, E T   AL.,
Defendants.
FINAL JUDGMENT AS TO DEFENDANT JED WOOD
Before the Court is Motion for Entry of Agreed Final Judgments as
to  Defendants  LLC  and  Jed  Wood.  ECF  No.  177.  Securities  and
Exchange  Commission  having  filed  a  Complaint  and  Defendant  Jed
Wood (“Defendant”) having entered a general appearance; consented to
the  Court’s  jurisdiction  over  Defendant  and  the  subject  matter  of  this
action; consented to entry of this Final Judgment; waived findings of fact
and conclusions of law; and waived any right to appeal from this Final
Judgment:
I.
 It Is Hereby Ordered, Adjudged, And Decreed that Defendant is
permanently   restrained   and   enjoined   from   violating,   directly   or
indirectly,  Section  10(b)  of  the  Securities  Exchange  Act  of  1934  (the
“Exchange  Act”)  [15  U.S.C.  §  78j(b)]  and  Rule  10b-5  promulgated
thereunder    [17 C.F.R.    § 240.10b-5],    by    using    any    means    or
instrumentality of interstate commerce, or of the mails, or of any facility
of any national securities exchange, in connection with the purchase or
sale of any security:
(a)to employ any device, scheme, or artifice to defraud;
(b)to make any untrue statement of a material fact or to omit to state
a material fact necessary in order to make the statements made, in the

2

light of the circumstances under which they were made, not misleading;
or
(c)   to  engage  in  any  act,  practice,  or  course  of  business  which
operates or would   operate as a fraud or deceit upon any person.
 IT  IS  FURTHER  ORDERED,  Adjudged,  And  Decreed  that,  as
provided  in  Federal  Rule  of  Civil  Procedure  65(d)(2),  the  foregoing
paragraph  also  binds  the  following  who  receive  actual  notice  of  this
Final  Judgment  by  personal  service  or  otherwise:    (a)  Defendant’s
officers,  agents,  servants,  employees,  and  attorneys;  and  (b)  other
persons in active concert or participation with Defendant or with anyone
described in (a).
II.
 It  Is  HEREBY  Further  Ordered,  Adjudged,  And  Decreed  that
Defendant  is  permanently  restrained  and  enjoined  from  violating
Section  17(a)  of  the  Securities  Act  of  1933  (the  “Securities  Act”)  [15
U.S.C.  §  77q(a)]  in  the  offer  or  sale  of  any  security  by  the  use  of  any
means or instruments of transportation or communication in interstate
commerce or by use of the mails, directly or indirectly:
(a) to employ any device, scheme, or artifice to defraud;
(b) to obtain money or property by means of any untrue statement of
a material fact or any omission of a material fact necessary in order to
make  the  statements  made, in light of the circumstances under which
they were made, not misleading; or
 (c)  to engage in any transaction, practice, or course of business
which operates or would operate as a fraud or deceit upon the purchaser.
 IT  IS  FURTHER  ORDERED,  Adjudged,  And  Decreed  that,  as
provided  in  Federal  Rule  of  Civil  Procedure  65(d)(2),  the  foregoing
paragraph  also  binds  the  following  who  receive  actual  notice  of  this
Final  Judgment  by  personal  service  or  otherwise:    (a)  Defendant’s
officers,  agents,  servants,  employees,  and  attorneys;  and  (b)  other
persons in active concert or participation with Defendant or with anyone
described in (a).
III.

3

 It  Is  HEREBY  Further  Ordered,  Adjudged,  And  Decreed  that
Defendant  is  permanently  restrained  and  enjoined  from  violating
Section 5 of the Securities Act [15 U.S.C. § 77e] by, directly or indirectly,
in the absence of any applicable exemption:
 (a)Unless  a  registration  statement  is  in  effect  as  to  a  security,
making   use   of   any   means   or   instruments   of   transportation   or
communication  in  interstate  commerce  or  of  the  mails  to  sell  such
security through the use or medium of any prospectus or otherwise;
 (b)Unless  a  registration  statement  is  in  effect  as  to  a  security,
carrying  or  causing  to  be  carried  through  the  mails  or  in  interstate
commerce,  by  any  means  or  instruments  of  transportation,  any  such
security for the purpose of sale or for delivery after sale; or
 (c)Making use of any means or instruments of transportation or
communication in interstate commerce or of the mails to offer to sell or
offer to buy through the use or medium of any prospectus or otherwise
any  security,  unless  a  registration  statement  has  been  filed  with  the
Commission as to such security, or while the registration statement is
the subject of a refusal order or stop order or (prior to the effective date
of  the  registration  statement)  any  public  proceeding  or  examination
under Section 8 of the Securities Act [15 U.S.C. § 77h].
 IT  IS  FURTHER  ORDERED,  Adjudged,  And  Decreed  that,  as
provided  in  Federal  Rule  of  Civil  Procedure  65(d)(2),  the  foregoing
paragraph  also  binds  the  following  who  receive  actual  notice  of  this
Final  Judgment  by  personal  service  or  otherwise:  (a)  Defendant’s
officers,  agents,  servants,  employees,  and  attorneys;  and  (b)  other
persons in active concert or participation with Defendant or with anyone
described in (a).
IV.
 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that
pursuant  to  Sections  21(d)(1)  and  21(d)(5)  of  the  Exchange  Act  [15
U.S.C. §§ 78u(d)(1) and (5)] and Section 20(b) of the Securities Act [15
U.S.C. § 77t(b)], Defendant is permanently restrained and enjoined from
directly  or  indirectly,  including,  but  not  limited  to,  through  any  entity
he owns or controls, participating in the issuance, offer, purchase, or sale

4

of  any  security,  provided,  however,  that  such  injunctions  shall  not
prevent  Defendant  from  purchasing  or  selling  securities  for  his  own
personal accounts.
 IT  IS  FURTHER  ORDERED,  Adjudged,  And  Decreed  that,  as
provided  in  Federal  Rule  of  Civil  Procedure  65(d)(2),  the  foregoing
paragraph  also  binds  the  following  who  receive  actual  notice  of  this
Final  Judgment  by  personal  service  or  otherwise:    (a)  Defendant’s
officers,  agents,  servants,  employees,  and  attorneys;  and  (b)  other
persons in active concert or participation with Defendant or with anyone
described in (a).
V.
 IT  IS  FURTHER  ORDERED,  ADJUDGED,  AND  DECREED
that,  pursuant  to  Section  21(d)(2)  of  the  Exchange  Act  [15  U.S.C.
§   78u(d)(2)] and Section 20(e) of the Securities Act [15 U.S.C. § 77t(e)],
Defendant is prohibited from acting as an officer or director of any issuer
that  has  a  class  of  securities  registered  pursuant  to  Section  12  of  the
Exchange Act  [15  U.S.C.  § 78l]  or  that  is  required  to  file  reports
pursuant to Section 15(d) of the Exchange Act [15 U.S.C. § 78o(d)].
VI.
IT   IS   HEREBY   FURTHER   ORDERED,   ADJUDGED,   AND
DECREED that Defendant is liable for disgorgement of $1,959,309.67,
representing net profits gained as a result of the conduct alleged in the
Complaint,  together  with  prejudgment  interest  thereon  in  the  amount
of $373,676.49, and a civil penalty in the amount of $236,451 pursuant
to  Section  20(d)  of  the  Securities  Act  [15  U.S.C.  §  77t(d)]  and  Section
21(d)(3)  of  the  Exchange  Act  [15  U.S.C.  § 78u(d)(3)].  Defendant  shall
satisfy  this  obligation  by  paying  $2,569,437.16  to  the  Securities  and
Exchange   Commission   within   30   days   after   entry   of   this   Final
Judgment.
Defendant may transmit payment electronically to the Commission,
which  will  provide  detailed  ACH  transfer/Fedwire  instructions  upon
request.  Payment  may  also  be  made  directly  from  a  bank  account  via
Pay.gov through the             SEC             website             at
http://www.sec.gov/about/offices/ofm.htm.  Defendant  may  also  pay  by

5

certified  check,  bank  cashier’s  check,  or  United  States  postal  money
order payable to the Securities and Exchange Commission, which shall
be delivered or mailed to
Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169
and shall be accompanied by a letter identifying the case title, civil
action number, and name of this Court; Jed Wood as a defendant in this
action;  and  specifying  that  payment  is  made  pursuant  to  this  Final
Judgment.
Defendant shall simultaneously transmit photocopies of evidence of
payment and case identifying information to the Commission’s counsel
in this action. By making this payment, Defendant relinquishes all legal
and equitable right, title, and interest in such funds and no part of the
funds shall be returned to Defendant.
The Commission may enforce the Court’s judgment for disgorgement
and prejudgment interest by using all collection procedures authorized
by  law,  including,  but  not  limited  to,  moving  for  civil  contempt  at  any
time after 30 days following entry of this Final Judgment.
The Commission may enforce the Court’s judgment for penalties by
the  use  of  all  collection  procedures  authorized  by  law,  including  the
Federal  Debt  Collection  Procedures  Act,  28  U.S.C.  §  3001  et  seq.,  and
moving for civil contempt for the violation of any Court orders issued in
this action. Defendant shall pay post judgment interest on any amounts
due  after  30  days  of  the  entry  of  this  Final  Judgment  pursuant  to  28
U.S.C. § 1961. The Commission shall hold the funds, together with any
interest and income earned thereon (collectively, the “Fund”), pending
further order of the Court.
The Commission may propose a plan to distribute the Fund subject
to the Court’s approval. Such a plan may provide that the Fund shall be
distributed pursuant to the Fair Fund provisions of Section 308(a) of the
Sarbanes-Oxley Act of 2002. The Court shall retain jurisdiction over the

6

administration of any distribution of the Fund and the Fund may only
be disbursed pursuant to an Order of the Court.
Regardless  of  whether  any  such  Fair  Fund  distribution  is  made,
amounts  ordered  to  be  paid  as  civil  penalties  pursuant  to  this  Final
Judgment shall be treated as penalties paid to the government for all
purposes, including all tax purposes. To preserve the deterrent effect of
the  civil  penalty,  Defendant  shall  not,  after  offset  or  reduction  of  any
award of compensatory damages in any Related Investor Action based
on Defendant’s payment of disgorgement in this action, argue that he is
entitled  to,  nor  shall  he  further  benefit  by,  offset  or  reduction  of  such
compensatory damages award by the amount of any part of Defendant’s
payment of a civil penalty in this action (“Penalty Offset”). If the court
in any Related Investor Action grants such a Penalty Offset, Defendant
shall,  within  30  days  after  entry  of  a  final  order  granting  the  Penalty
Offset,  notify  the  Commission’s  counsel  in  this  action  and  pay  the
amount of the Penalty Offset to the United States Treasury or to a Fair
Fund, as the Commission directs. Such a payment shall not be deemed
an  additional  civil  penalty  and  shall  not  be  deemed  to  change  the
amount  of  the  civil  penalty  imposed  in  this  Final  Judgment.  For
purposes of this paragraph, a “Related Investor Action” means a private
damages  action  brought  against  Defendant  by  or  on  behalf  of  one  or
more investors based on substantially the same facts as alleged in the
Complaint in this action.
VII.
 It Is Further Ordered, Adjudged, And Decreed that the Consent
is incorporated herein with the same force and effect as if fully set forth
herein,  and  that  Defendant  shall  comply  with  all  of  the  undertakings
and agreements set forth therein.
VIII.
IT  IS  FURTHER  ORDERED,  ADJUDGED,  AND  DECREED  that,
for  purposes  of  exceptions  to  discharge  set  forth  in  Section  523  of  the
Bankruptcy Code, 11 U.S.C. §523, the allegations in the complaint are
true   and   admitted   by   Defendant,   and   further,   any   debt   for
disgorgement, prejudgment interest, civil penalty or other amounts due

7

by Defendant under this Final Judgment or any other judgment, order,
consent  order,  decree  or  settlement  agreement  entered  in  connection
with  this  proceeding,  is  a  debt  for  the  violation  by  Defendant  of  the
federal  securities  laws  or  any  regulation  or  order  issued  under  such
laws,  as  set  forth  in  Section  523(a)(19)  of  the  Bankruptcy  Code,  11
U.S.C. §523(a)(19).
IX.
 It  Is  Further  Ordered,  Adjudged,  And  Decreed  that  this  Court
shall retain jurisdiction of this matter for the purposes of enforcing the
terms of this Final Judgment.
X.
In accordance with this Court’s order, and there being no just reason
for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure,
the  Clerk  is  ORDERED  to  enter  this  Final  Judgment  forthwith  and
without further notice.
SO ORDERED on this 19th day of September 2025.
UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF TEXAS
FORT WORTH DIVISION
REGINALEA KEMP,
Plaintiff,
v. No. 4:23-cv-00841-P
REGIONSBANKET AL.,
Defendants.
ORDER
Before  the  Court  is  Plaintiff’s  Unopposed Motion  for Leave  to  File
Second Amended Complaint. ECF No. 18. Having considered the Motion
and applicable docket entries, the Court GRANTS the Motion.
SO ORDERED on this 18th day of September 2023.
______________________________________________
Mark T. Pittman
UNITED STATES DISTRICT JUDGE
OCR text (13,778c · tika · 95% conf)
UNITED STATES DISTRICT COURT 
FOR THE NORTHERN DISTRICT OF TEXAS 

FORT WORTH DIVISION 

UNITED STATES SECURITIES 
AND EXCHANGE COMMISSION, 

Plaintiff, 

v. No. 4:23-cv-01224-P 

AGRIDIME LLC, ET AL., 

Defendants. 
FINAL JUDGMENT AS TO DEFENDANT JED WOOD 
Before the Court is Motion for Entry of Agreed Final Judgments as 

to Defendants LLC and Jed Wood. ECF No. 177. Securities and 
Exchange Commission having filed a Complaint and Defendant Jed 
Wood (“Defendant”) having entered a general appearance; consented to 
the Court’s jurisdiction over Defendant and the subject matter of this 
action; consented to entry of this Final Judgment; waived findings of fact 
and conclusions of law; and waived any right to appeal from this Final 
Judgment: 

I. 

 It Is Hereby Ordered, Adjudged, And Decreed that Defendant is 
permanently restrained and enjoined from violating, directly or 
indirectly, Section 10(b) of the Securities Exchange Act of 1934 (the 
“Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated 
thereunder [17 C.F.R. § 240.10b-5], by using any means or 
instrumentality of interstate commerce, or of the mails, or of any facility 
of any national securities exchange, in connection with the purchase or 
sale of any security: 

(a) to employ any device, scheme, or artifice to defraud;

(b) to make any untrue statement of a material fact or to omit to state
a material fact necessary in order to make the statements made, in the 

Case 4:23-cv-01224-P     Document 185     Filed 09/19/25      Page 1 of 7     PageID 5549



2 
 

light of the circumstances under which they were made, not misleading; 
or 

(c) to engage in any act, practice, or course of business which 
operates or would  operate as a fraud or deceit upon any person. 

 IT IS FURTHER ORDERED, Adjudged, And Decreed that, as 
provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing 
paragraph also binds the following who receive actual notice of this 
Final Judgment by personal service or otherwise:  (a) Defendant’s 
officers, agents, servants, employees, and attorneys; and (b) other 
persons in active concert or participation with Defendant or with anyone 
described in (a). 

II. 

 It Is HEREBY Further Ordered, Adjudged, And Decreed that 
Defendant is permanently restrained and enjoined from violating 
Section 17(a) of the Securities Act of 1933 (the “Securities Act”) [15 
U.S.C. § 77q(a)] in the offer or sale of any security by the use of any 
means or instruments of transportation or communication in interstate 
commerce or by use of the mails, directly or indirectly: 

(a) to employ any device, scheme, or artifice to defraud; 

(b) to obtain money or property by means of any untrue statement of 
a material fact or any omission of a material fact necessary in order to 
make the statements made, in light of the circumstances under which 
they were made, not misleading; or 

 (c) to engage in any transaction, practice, or course of business 
which operates or would operate as a fraud or deceit upon the purchaser. 

 IT IS FURTHER ORDERED, Adjudged, And Decreed that, as 
provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing 
paragraph also binds the following who receive actual notice of this 
Final Judgment by personal service or otherwise:  (a) Defendant’s 
officers, agents, servants, employees, and attorneys; and (b) other 
persons in active concert or participation with Defendant or with anyone 
described in (a). 

III. 

Case 4:23-cv-01224-P     Document 185     Filed 09/19/25      Page 2 of 7     PageID 5550



3 
 

 It Is HEREBY Further Ordered, Adjudged, And Decreed that 
Defendant is permanently restrained and enjoined from violating 
Section 5 of the Securities Act [15 U.S.C. § 77e] by, directly or indirectly, 
in the absence of any applicable exemption: 

 (a)Unless a registration statement is in effect as to a security, 
making use of any means or instruments of transportation or 
communication in interstate commerce or of the mails to sell such 
security through the use or medium of any prospectus or otherwise; 

 (b)Unless a registration statement is in effect as to a security, 
carrying or causing to be carried through the mails or in interstate 
commerce, by any means or instruments of transportation, any such 
security for the purpose of sale or for delivery after sale; or 

 (c)Making use of any means or instruments of transportation or 
communication in interstate commerce or of the mails to offer to sell or 
offer to buy through the use or medium of any prospectus or otherwise 
any security, unless a registration statement has been filed with the 
Commission as to such security, or while the registration statement is 
the subject of a refusal order or stop order or (prior to the effective date 
of the registration statement) any public proceeding or examination 
under Section 8 of the Securities Act [15 U.S.C. § 77h]. 

 IT IS FURTHER ORDERED, Adjudged, And Decreed that, as 
provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing 
paragraph also binds the following who receive actual notice of this 
Final Judgment by personal service or otherwise: (a) Defendant’s 
officers, agents, servants, employees, and attorneys; and (b) other 
persons in active concert or participation with Defendant or with anyone 
described in (a). 

IV. 

 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that 
pursuant to Sections 21(d)(1) and 21(d)(5) of the Exchange Act [15 
U.S.C. §§ 78u(d)(1) and (5)] and Section 20(b) of the Securities Act [15 
U.S.C. § 77t(b)], Defendant is permanently restrained and enjoined from 
directly or indirectly, including, but not limited to, through any entity 
he owns or controls, participating in the issuance, offer, purchase, or sale 

Case 4:23-cv-01224-P     Document 185     Filed 09/19/25      Page 3 of 7     PageID 5551



4 
 

of any security, provided, however, that such injunctions shall not 
prevent Defendant from purchasing or selling securities for his own 
personal accounts. 

 IT IS FURTHER ORDERED, Adjudged, And Decreed that, as 
provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing 
paragraph also binds the following who receive actual notice of this 
Final Judgment by personal service or otherwise:  (a) Defendant’s 
officers, agents, servants, employees, and attorneys; and (b) other 
persons in active concert or participation with Defendant or with anyone 
described in (a). 

V. 

 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED 
that, pursuant to Section 21(d)(2) of the Exchange Act [15 U.S.C. 
§ 78u(d)(2)] and Section 20(e) of the Securities Act [15 U.S.C. § 77t(e)], 
Defendant is prohibited from acting as an officer or director of any issuer 
that has a class of securities registered pursuant to Section 12 of the 
Exchange Act [15 U.S.C. § 78l] or that is required to file reports 
pursuant to Section 15(d) of the Exchange Act [15 U.S.C. § 78o(d)]. 

VI. 

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND 
DECREED that Defendant is liable for disgorgement of $1,959,309.67, 
representing net profits gained as a result of the conduct alleged in the 
Complaint, together with prejudgment interest thereon in the amount 
of $373,676.49, and a civil penalty in the amount of $236,451 pursuant 
to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)] and Section 
21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)]. Defendant shall 
satisfy this obligation by paying $2,569,437.16 to the Securities and 
Exchange Commission within 30 days after entry of this Final 
Judgment. 

Defendant may transmit payment electronically to the Commission, 
which will provide detailed ACH transfer/Fedwire instructions upon 
request. Payment may also be made directly from a bank account via 
Pay.gov through the SEC website at 
http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by 

Case 4:23-cv-01224-P     Document 185     Filed 09/19/25      Page 4 of 7     PageID 5552



5 
 

certified check, bank cashier’s check, or United States postal money 
order payable to the Securities and Exchange Commission, which shall 
be delivered or mailed to 

Enterprise Services Center 

Accounts Receivable Branch 

6500 South MacArthur Boulevard 

Oklahoma City, OK 73169 

and shall be accompanied by a letter identifying the case title, civil 
action number, and name of this Court; Jed Wood as a defendant in this 
action; and specifying that payment is made pursuant to this Final 
Judgment. 

Defendant shall simultaneously transmit photocopies of evidence of 
payment and case identifying information to the Commission’s counsel 
in this action. By making this payment, Defendant relinquishes all legal 
and equitable right, title, and interest in such funds and no part of the 
funds shall be returned to Defendant. 

The Commission may enforce the Court’s judgment for disgorgement 
and prejudgment interest by using all collection procedures authorized 
by law, including, but not limited to, moving for civil contempt at any 
time after 30 days following entry of this Final Judgment. 

The Commission may enforce the Court’s judgment for penalties by 
the use of all collection procedures authorized by law, including the 
Federal Debt Collection Procedures Act, 28 U.S.C. § 3001 et seq., and 
moving for civil contempt for the violation of any Court orders issued in 
this action. Defendant shall pay post judgment interest on any amounts 
due after 30 days of the entry of this Final Judgment pursuant to 28 
U.S.C. § 1961. The Commission shall hold the funds, together with any 
interest and income earned thereon (collectively, the “Fund”), pending 
further order of the Court. 

The Commission may propose a plan to distribute the Fund subject 
to the Court’s approval. Such a plan may provide that the Fund shall be 
distributed pursuant to the Fair Fund provisions of Section 308(a) of the 
Sarbanes-Oxley Act of 2002. The Court shall retain jurisdiction over the 

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administration of any distribution of the Fund and the Fund may only 
be disbursed pursuant to an Order of the Court. 

Regardless of whether any such Fair Fund distribution is made, 
amounts ordered to be paid as civil penalties pursuant to this Final 
Judgment shall be treated as penalties paid to the government for all 
purposes, including all tax purposes. To preserve the deterrent effect of 
the civil penalty, Defendant shall not, after offset or reduction of any 
award of compensatory damages in any Related Investor Action based 
on Defendant’s payment of disgorgement in this action, argue that he is 
entitled to, nor shall he further benefit by, offset or reduction of such 
compensatory damages award by the amount of any part of Defendant’s 
payment of a civil penalty in this action (“Penalty Offset”). If the court 
in any Related Investor Action grants such a Penalty Offset, Defendant 
shall, within 30 days after entry of a final order granting the Penalty 
Offset, notify the Commission’s counsel in this action and pay the 
amount of the Penalty Offset to the United States Treasury or to a Fair 
Fund, as the Commission directs. Such a payment shall not be deemed 
an additional civil penalty and shall not be deemed to change the 
amount of the civil penalty imposed in this Final Judgment. For 
purposes of this paragraph, a “Related Investor Action” means a private 
damages action brought against Defendant by or on behalf of one or 
more investors based on substantially the same facts as alleged in the 
Complaint in this action. 

VII. 

 It Is Further Ordered, Adjudged, And Decreed that the Consent 
is incorporated herein with the same force and effect as if fully set forth 
herein, and that Defendant shall comply with all of the undertakings 
and agreements set forth therein. 

VIII. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, 
for purposes of exceptions to discharge set forth in Section 523 of the 
Bankruptcy Code, 11 U.S.C. §523, the allegations in the complaint are 
true and admitted by Defendant, and further, any debt for 
disgorgement, prejudgment interest, civil penalty or other amounts due 

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by Defendant under this Final Judgment or any other judgment, order, 
consent order, decree or settlement agreement entered in connection 
with this proceeding, is a debt for the violation by Defendant of the 
federal securities laws or any regulation or order issued under such 
laws, as set forth in Section 523(a)(19) of the Bankruptcy Code, 11 
U.S.C. §523(a)(19). 

IX. 

 It Is Further Ordered, Adjudged, And Decreed that this Court 
shall retain jurisdiction of this matter for the purposes of enforcing the 
terms of this Final Judgment. 

X. 

In accordance with this Court’s order, and there being no just reason 
for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, 
the Clerk is ORDERED to enter this Final Judgment forthwith and 
without further notice. 

SO ORDERED on this 19th day of September 2025. 

UNITED STATES DISTRICT COURT 
FOR THE NORTHERN DISTRICT OF TEXAS 

FORT WORTH DIVISION 

REGINALEA KEMP, 

Plaintiff, 

v. No. 4:23-cv-00841-P 

REGIONS BANK ET AL.,

Defendants. 
ORDER 

Before the Court is Plaintiff’s Unopposed Motion for Leave to File 
Second Amended Complaint. ECF No. 18. Having considered the Motion 
and applicable docket entries, the Court GRANTS the Motion.

SO ORDERED on this 18th day of September 2023.

______________________________________________ 
Mark T. Pittman 
UNITED STATES DISTRICT JUDGE 

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