SEC v. ATG INC., No. 3:20-cv-01864, Southern District of California (June 20, 2025) — Judgment
raw: SEC v. ONGKARUCK SRIPETCH; AMANDA
SEC v. ONGKARUCK SRIPETCH; AMANDA, No. 3:20-cv-01864 (June 20, 2025)
summary
ATG Inc. entered a final consent judgment with the SEC, agreeing to permanent injunctions against securities fraud and a permanent bar from penny stock offerings.
paragraph
The SEC obtained a final consent judgment against ATG Inc. for violations of Section 10(b) of the Exchange Act and Section 17(a) of the Securities Act. The court imposed a permanent injunction against the defendant for employing fraudulent schemes or making material misstatements in connection with securities. Additionally, ATG Inc. is permanently barred from participating in any penny stock offerings.
narrative
The Securities and Exchange Commission (SEC) secured a final consent judgment against ATG Inc. in the U.S. District Court for the Southern District of California. The judgment addresses allegations of securities fraud involving the use of deceptive schemes and the omission of material facts in the purchase or sale of securities. Under the terms of the decree, ATG Inc. is permanently enjoined from violating Section 10(b) of the Exchange Act and Section 17(a) of the Securities Act. Furthermore, the defendant is subject to a permanent bar from participating in any penny stock offerings, including activities with brokers, dealers, or issuers. ATG Inc. consented to the court's jurisdiction and waived its right to appeal the judgment. While the document outlines these significant restrictions, it does not specify particular monetary penalties or disgorgement amounts. The court will retain jurisdiction to enforce the terms of this final judgment.
Classified pump-and-dump(confidence 90%). EDGAR detection: forms S-8/S-1/424B/8-K· recall 69% / precision 12%. detection rule →
Statutes
15 U.S.C. § 78j(b)15 U.S.C. § 77q(a)17 C.F.R. § 240.10b-517 C.F.R. 240.3a51-1Section 10(b) of the Securities Exchange ActSection 17(a) of the Securities ActRule 10b-5
Parties
Securities and Exchange CommissionOngkaruck SripetchAshmit PatelAdtron Inc.King Mutual Solutions Inc.Optimus Prime Financial Inc.Doit, LtdRedline InternationalDominic WilliamsBrehnen KnightAmanda FloresMichael WexlerATG Inc.Doji Capital, Inc.UAIM CorporationAndrew McAlpineOrca Bridge
Keywords
atgordered adjudgedadjudged decreedfurther orderedcv-securities exchangefinalorderedsecuritiesexchangeh-bjc documentdocument pageidpageid pagematerial factinc
Extracted insights
Entities 3
- person defendant atg
- agency order on august 19, 2024 granting sec motion for entry of final consent judgment
- agency Securities and Exchange Commission
Triples 9
- Court enters final judgment against Defendant ATG
- Securities And Exchange Commission filed Complaint
- Defendant ATG consented to Court jurisdiction over Defendant ATG and the subject matter of this action
- Defendant ATG consented to entry of this Final Judgment
- Defendant ATG waived findings of fact and conclusions of law
- Defendant ATG waived any right to appeal from this Final Judgment
- Defendant ATG is permanently restrained from violating Section 10(b) of the Securities Exchange Act of 1934
- Defendant ATG is permanently restrained from violating Section 17(a) of the Securities Act of 1933
- Court issued order on August 19, 2024 granting SEC motion for entry of final consent judgment
Text layers
Extracted body text (5,567c)
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UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF CALIFORNIA
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
v.
ONGKARUCK SRIPETCH; AMANDA
FLORES; BREHNEN KNIGHT;
ANDREW MCALPINE, ASHMIT
PATEL; MICHAEL WEXLER;
DOMINIC WILLIAMS; ADTRON INC.
a/k/a STOCKPALOOZA.COM; ATG
INC.; DOIT, LTD.; DOJI CAPITAL,
INC.; KING MUTUAL SOLUTIONS
INC.; OPTIMUS PRIME FINANCIAL
INC.; ORCA BRIDGE; REDLINE
INTERNATIONAL; and UAIM
CORPORATION,
Defendants.
Case No.: 20-cv-01864-H-DTF
FINAL JUDGMENT AS TO
DEFENDANT ATG INC.
Pursuant to the Court’s August 19, 2024 order granting Plaintiff Securities and
Exchange Commission (“SEC”)’s motion for the entry of a final consent judgment as to
Defendant ATG Inc. (“ATG”), (Doc. No. 208), the Court enters the following final
judgment against Defendant ATG:
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The Securities and Exchange Commission having filed a Complaint and Defendant
ATG, having entered a general appearance, consented to the Court’s jurisdiction over
Defendant ATG 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 ATG
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 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 ATG’s officers, agents, servants, employees, and attorneys; and (b) other
persons in active concert or participation with Defendant ATG or with anyone described
in (a).
II.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendant ATG 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
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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 ATG’s officers, agents, servants, employees, and attorneys; and (b) other
persons in active concert or participation with Defendant ATG or with anyone described
in (a).
III.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendant ATG is permanently barred from participating in an offering of penny stock,
including engaging in activities with a broker, dealer, or issuer for purposes of issuing,
trading, or inducing or attempting to induce the purchase or sale of any penny stock. A
penny stock is any equity security that has a price of less than five dollars, except as
provided in Rule 3a51-1 under the Exchange Act, 17 C.F.R. 240.3a51-1.
IV.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent
(Doc. No. 207) is incorporated herein with the same force and effect as if fully set forth
herein, and that Defendant ATG must comply with all of the undertakings and agreements
set forth therein.
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V.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court will
retain jurisdiction of this matter for the purposes of enforcing the terms of this Final
Judgment.
VI.
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.
IT IS SO ORDERED.
DATED: August 19, 2024
MARILYN L. HUFF, District Judge
UNITED STATES DISTRICT COURTOCR text (6,215c · tika · 95% conf)
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UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF CALIFORNIA
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
v.
ONGKARUCK SRIPETCH; AMANDA
FLORES; BREHNEN KNIGHT;
ANDREW MCALPINE, ASHMIT
PATEL; MICHAEL WEXLER;
DOMINIC WILLIAMS; ADTRON INC.
a/k/a STOCKPALOOZA.COM; ATG
INC.; DOIT, LTD.; DOJI CAPITAL,
INC.; KING MUTUAL SOLUTIONS
INC.; OPTIMUS PRIME FINANCIAL
INC.; ORCA BRIDGE; REDLINE
INTERNATIONAL; and UAIM
CORPORATION,
Defendants.
Case No.: 20-cv-01864-H-DTF
FINAL JUDGMENT AS TO
DEFENDANT ATG INC.
Pursuant to the Court’s August 19, 2024 order granting Plaintiff Securities and
Exchange Commission (“SEC”)’s motion for the entry of a final consent judgment as to
Defendant ATG Inc. (“ATG”), (Doc. No. 208), the Court enters the following final
judgment against Defendant ATG:
Case 3:20-cv-01864-H-BJC Document 209 Filed 08/19/24 PageID.1965 Page 1 of 4
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The Securities and Exchange Commission having filed a Complaint and Defendant
ATG, having entered a general appearance, consented to the Court’s jurisdiction over
Defendant ATG 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 ATG
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 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 ATG’s officers, agents, servants, employees, and attorneys; and (b) other
persons in active concert or participation with Defendant ATG or with anyone described
in (a).
II.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendant ATG 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
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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 ATG’s officers, agents, servants, employees, and attorneys; and (b) other
persons in active concert or participation with Defendant ATG or with anyone described
in (a).
III.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendant ATG is permanently barred from participating in an offering of penny stock,
including engaging in activities with a broker, dealer, or issuer for purposes of issuing,
trading, or inducing or attempting to induce the purchase or sale of any penny stock. A
penny stock is any equity security that has a price of less than five dollars, except as
provided in Rule 3a51-1 under the Exchange Act, 17 C.F.R. 240.3a51-1.
IV.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent
(Doc. No. 207) is incorporated herein with the same force and effect as if fully set forth
herein, and that Defendant ATG must comply with all of the undertakings and agreements
set forth therein.
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V.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court will
retain jurisdiction of this matter for the purposes of enforcing the terms of this Final
Judgment.
VI.
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.
IT IS SO ORDERED.
DATED: August 19, 2024
MARILYN L. HUFF, District Judge
UNITED STATES DISTRICT COURT
Case 3:20-cv-01864-H-BJC Document 209 Filed 08/19/24 PageID.1968 Page 4 of 4