SEC v. CREDIT ADJUSTMENT BOARD, No. 1:23-cv-01424 (Sept. 18, 2025)
raw: Order Instituting Cease-And-Desist Proceedings
Order Instituting Cease-And-Desist Proceedings, No. 1:23-cv-01424 (Sept. 18, 2025)
Carlos R. Watson entered into a stipulated and agreed settlement with the SEC to resolve litigation in the Southern District of New York.
The Securities and Exchange Commission and defendant Carlos R. Watson filed a stipulated and agreed document in case 1:23-cv-01424-ENV-JRC. While the provided excerpt contains the signature blocks and counsel information, it does not specify the exact charges or dollar amounts. The legal agreement was dated in September 2025.
The provided document is a stipulated and agreed settlement filed in the Southern District of New York regarding case 1:23-cv-01424-ENV-JRC. The Securities and Exchange Commission (SEC) is the plaintiff, with Hayden M. Brockett and Paul G. Gizzi serving as counsel. The defendant, Carlos R. Watson, is represented by the law firm Cuti Frisch PLLC. The excerpt contains the formal signature blocks and contact information for the legal representatives of both parties. Although one draft suggests specific allegations of securities fraud and financial penalties, the OCR text and other drafts do not provide substantive details regarding the underlying misconduct or specific monetary terms. The document was finalized in mid-September 2025.
Extracted insights
- person Carlos R. Watson ×2
- person Hayden M. Brockett ×2
- person cuti frisch pllc
- organization Cuti Frisch Pllc
- agency director, division of enforcement, securities and exchange commission
- person Margaret a. Ryan
- person Paul G. Gizzi
- agency Securities and Exchange Commission
- Margaret a. Ryan Is Director, Division Of Enforcement, Securities And Exchange Commission
- Hayden M. Brockett Works At New York Regional Office, 100 Pearl Street Suite 20-100, New York, Ny
- Carlos R. Watson Serves As Counsel For Dejendont
- Cuti Frisch PLLC Represents Securities And Exchange Commission
203 204 STIPULATED AND AGREED . , Vv1 � .,f-d 1 c=;= Margaret A. Ryan Director, Division of Enforcement Securities and Exchange Commission l 00 F Street E Washington DC 20549 3 Isl Hayden M Brocket/ Paul G. Gizzi Hayden M. Brockett New York Regional Office 100 Pearl Street Suite 20-100 ew York, NY 10004-2616 Tel: 212-336-9107 (Brockett) brocketth £ sec.gov Counsel/or Plaintij( Securities and Exchange Commission Dated: September12. 2 025 Cuti Frisch PLLC 233 Broadway Suite 1720 ew York, NY 10279 Counsel.for Dejendont Carlos R. Watson Dated: s·eptcmber 13 . 2025 205
Case 1:23-cv-01424-ENV-JRC Document 44 Filed 09/18/25 Page 1 of 3 PageID #: 203 Case 1:23-cv-01424-ENV-JRC Document 44 Filed 09/18/25 Page 2 of 3 PageID #: 204 STIPULATED AND AGREED ., Vv1� .,f-d1c=;=Margaret A. Ryan Director, Division of Enforcement Securities and Exchange Commission l 00 F Street E Washington DC 20549 3 Isl Hayden M Brocket/ Paul G. Gizzi Hayden M. Brockett New York Regional Office 100 Pearl Street Suite 20-100 ew York, NY 10004-2616 Tel: 212-336-9107 (Brockett) brocketth £ sec.gov Counsel/or Plaintij( Securities and Exchange Commission Dated: September12. 2025 Cuti Frisch PLLC 233 Broadway Suite 1720 ew York, NY 10279 Counsel.for Dejendont Carlos R. Watson Dated: s·eptcmber 13 . 2025 Case 1:23-cv-01424-ENV-JRC Document 44 Filed 09/18/25 Page 3 of 3 PageID #: 205