SEC v. Sergio Damian Lopez, No. 2:25-cv-04795-CAS, Central District of California (June 13, 2025) — Judgment

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UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
vs.
SERGIO DAMIAN LOPEZ,
Defendant.
Case No. 2:25-cv-04795 CAS (AJRx)
FINAL JUDGMENT
The Securities and Exchange Commission having filed a Complaint and
Defendant Sergio Damian Lopez (“Defendant”) having entered a general appearance;
consented to the Court’s jurisdi
c
tion over Defendant and the subject matter of this
action; consented to entry of this Final Judgment without admitting or denying the
allegations of the Complaint (except as to jurisdiction and except as otherwise
provided herein in paragraph VIII); waived findings of fact and conclusions of law;
and waived any right to appeal from this Final Judgment:
I.
IT IS 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.
JS-6

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§ 78j(b)] and Exchange Act Rule 10b-5 [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
by, directly or indirectly, (i) creating a false appearance or otherwise deceiving any
person about the price or trading market for any security, or (ii) making any false or
misleading statement, or disseminating any false or misleading documents, materials,
or information, concerning matters relating to a decision by an investor or prospective
investor to buy or sell securities of any company.
 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;
///

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(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.
by, directly or indirectly, (i) creating a false appearance or otherwise deceiving any
person about the price or trading market for any security, or (ii) making any false or
misleading statement, or disseminating any false or misleading documents, materials,
or information, concerning matters relating to a decision by an investor or prospective
investor to buy or sell securities of any company.
 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).  Defendant Sergio Damian Lopez (“Defendant”) waives service of a
summons and the complaint in this action, enters a general appearance, and admits
the Court’s jurisdiction over Defendant and over the subject matter of this action.
III.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant
is permanently restrained and enjoined from violating Section 17(b) of the Securities
Act [15 U.S.C. § 77q(b)] by the use of any means or instruments of transportation or
communication in interstate commerce or by the use of the mails, to publish, give
publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter,
investment service, or communication which, though not purporting to offer a
security for sale, describes such security for a consideration received or to be
received, directly or indirectly, from an issuer, underwriter, or dealer, without fully

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disclosing the receipt, whether past or prospective, of such consideration in the
amount thereof.
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), (5)] and
Section 20(b) of the Securities Act [15 U.S.C. § 77t(b)] Defendant is permanently
restrained and enjoined from promoting any issuer of any security, causing the
promotion of any issuer of any security, or deriving compensation from the
promotion of any issuer of any security unless a knowledgeable U.S. securities
lawyer who is not an affiliate of Lopez or the issuer, reviews the arrangement and
affirms in writing that the arrangement is consistent with applicable U.S. federal
securities laws and regulations; for purposes of this injunction, “promoting” or
“promotion” means, for direct or indirect compensation or pecuniary benefit, directly
or indirectly, engaging in, publishing, giving publicity to, or circulating any
communication, the goal of which is to generate interest among or from U.S.
investors in any security; provided, however, that such injunction shall not prevent
Lopez from purchasing or selling securities unless part of a promotion as described
herein.
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, for three years

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following the date of entry of this Final Judgment, 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 $200,000, representing net profits gained as a
result of the conduct alleged in the Complaint, together with prejudgment interest
thereon in the amount of $8,124.59, and a civil penalty in the amount of $115,231 in
accordance with Securities Act Section 20(d), 15 U.S.C. § 77t(d). Defendant shall
satisfy this obligation by paying $323,355.59 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 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; Sergio Damian Lopez as the 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
///

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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 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 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

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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
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, solely 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 by Defendant under this 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).
///
///
///

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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
Judgment.

Dated: June 12, 2025            ___
                                                            HONORABLE          CHRISTINA          A.          SNYDER
UNITED STATES DISTRICT JUDGE

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UNITED STATES DISTRICT COURT 

CENTRAL DISTRICT OF CALIFORNIA 

SECURITIES AND EXCHANGE 
COMMISSION, 

Plaintiff, 

vs. 

SERGIO DAMIAN LOPEZ, 

Defendant. 

Case No. 2:25-cv-04795 CAS (AJRx) 

FINAL JUDGMENT 

The Securities and Exchange Commission having filed a Complaint and 

Defendant Sergio Damian Lopez (“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 without admitting or denying the 

allegations of the Complaint (except as to jurisdiction and except as otherwise 

provided herein in paragraph VIII); waived findings of fact and conclusions of law; 

and waived any right to appeal from this Final Judgment:  

I. 

IT IS 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. 

JS-6

Case 2:25-cv-04795-CAS-AJR     Document 10     Filed 06/12/25     Page 1 of 8   Page ID
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§ 78j(b)] and Exchange Act Rule 10b-5 [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  

by, directly or indirectly, (i) creating a false appearance or otherwise deceiving any 

person about the price or trading market for any security, or (ii) making any false or 

misleading statement, or disseminating any false or misleading documents, materials, 

or information, concerning matters relating to a decision by an investor or prospective 

investor to buy or sell securities of any company.  

 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; 

/// 

Case 2:25-cv-04795-CAS-AJR     Document 10     Filed 06/12/25     Page 2 of 8   Page ID
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(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. 

by, directly or indirectly, (i) creating a false appearance or otherwise deceiving any 

person about the price or trading market for any security, or (ii) making any false or 

misleading statement, or disseminating any false or misleading documents, materials, 

or information, concerning matters relating to a decision by an investor or prospective 

investor to buy or sell securities of any company.  

 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).  Defendant Sergio Damian Lopez (“Defendant”) waives service of a 

summons and the complaint in this action, enters a general appearance, and admits 

the Court’s jurisdiction over Defendant and over the subject matter of this action. 

III. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant 

is permanently restrained and enjoined from violating Section 17(b) of the Securities 

Act [15 U.S.C. § 77q(b)] by the use of any means or instruments of transportation or 

communication in interstate commerce or by the use of the mails, to publish, give 

publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, 

investment service, or communication which, though not purporting to offer a 

security for sale, describes such security for a consideration received or to be 

received, directly or indirectly, from an issuer, underwriter, or dealer, without fully 

Case 2:25-cv-04795-CAS-AJR     Document 10     Filed 06/12/25     Page 3 of 8   Page ID
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disclosing the receipt, whether past or prospective, of such consideration in the 

amount thereof. 

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), (5)] and 

Section 20(b) of the Securities Act [15 U.S.C. § 77t(b)] Defendant is permanently 

restrained and enjoined from promoting any issuer of any security, causing the 

promotion of any issuer of any security, or deriving compensation from the 

promotion of any issuer of any security unless a knowledgeable U.S. securities 

lawyer who is not an affiliate of Lopez or the issuer, reviews the arrangement and 

affirms in writing that the arrangement is consistent with applicable U.S. federal 

securities laws and regulations; for purposes of this injunction, “promoting” or 

“promotion” means, for direct or indirect compensation or pecuniary benefit, directly 

or indirectly, engaging in, publishing, giving publicity to, or circulating any 

communication, the goal of which is to generate interest among or from U.S. 

investors in any security; provided, however, that such injunction shall not prevent 

Lopez from purchasing or selling securities unless part of a promotion as described 

herein. 

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, for three years 

Case 2:25-cv-04795-CAS-AJR     Document 10     Filed 06/12/25     Page 4 of 8   Page ID
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following the date of entry of this Final Judgment, 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 $200,000, representing net profits gained as a 

result of the conduct alleged in the Complaint, together with prejudgment interest 

thereon in the amount of $8,124.59, and a civil penalty in the amount of $115,231 in 

accordance with Securities Act Section 20(d), 15 U.S.C. § 77t(d). Defendant shall 

satisfy this obligation by paying $323,355.59 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 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; Sergio Damian Lopez as the 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  

/// 

Case 2:25-cv-04795-CAS-AJR     Document 10     Filed 06/12/25     Page 5 of 8   Page ID
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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 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 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 

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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 

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, solely 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 by Defendant under this 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). 

/// 

/// 

/// 

 

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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 

Judgment. 

 

Dated: June 12, 2025   ___  

      HONORABLE CHRISTINA A. SNYDER  
UNITED STATES DISTRICT JUDGE 

 

Case 2:25-cv-04795-CAS-AJR     Document 10     Filed 06/12/25     Page 8 of 8   Page ID
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