2024-09-30 sec-litreleases judgment 129 KB 1,111 chars

SEC v. Choice Advisors, LLC; and Matthias O'Meara, No. 3:21-cv-01669-JO, Southern District of California (Sept. 30, 2024) — Judgment

raw: Decision by Court. This action came to trial or hearing before the Court. The issues have been tried

Decision by Court. This action came to trial or hearing before the Court. The issues have been tried, No. 3:21-cv-01669-JO (Sept. 30, 2024)

Caption
Securities and Exchange Commission v. Choice Advisors, LLC; Matthias O'Meara
Source PDF JSON
summary

The SEC secured a final judgment and permanent injunctions against Matthias O'Meara and Choice Advisors, LLC, involving significant disgorgement and civil penalties.

paragraph

The court ordered Matthias O'Meara to pay $179,081 in disgorgement and interest plus $133,491 in civil penalties. Choice Advisors, LLC was ordered to pay $107,448 in disgorgement and interest along with a $79,889 civil penalty. The final judgment, entered on September 24, 2024, also granted permanent injunctions against both defendants.

narrative

The Securities and Exchange Commission successfully obtained a final judgment against Matthias O'Meara and Choice Advisors, LLC, in the Southern District of California. The court granted the SEC's request for permanent injunctions against both defendants to prevent future misconduct. O'Meara was ordered to pay $179,081, consisting of $133,149 in disgorgement and $45,932 in prejudgment interest, plus a $133,491 civil penalty. Choice Advisors, LLC must pay $107,448, comprising $79,889 in disgorgement and $27,559 in prejudgment interest, alongside a $79,889 civil penalty. This judicial decision, finalized on September 24, 2024, effectively closes the civil action. The ruling ensures both the recovery of ill-gotten gains and the imposition of punitive financial sanctions.

Enriched metadata

Scheme
investment-adviser-fraud (95%)
Court
Southern District of California
Case No.
3:21-cv-01669-JO
Disgorgement
$179,081
Civil penalty
$79,889
Classified investment-adviser-fraud(confidence 95%). EDGAR detection: forms ADV/ADV-E/ADV-W/Form D· recall 33% / precision 13%. detection rule →
Statutes
15 U.S.C. § 78j(b)17 C.F.R. § 240.10b-5
Parties
Securities and Exchange CommissionChoice Advisors, LLCMatthias O'Meara
Keywords
decision actionaction camecame trialtrial hearinghearing issuesissues trieddisgorgement prejudgmentprejudgment interestdecisionactioncomposed disgorgementcametrialhearingissues

Extracted insights

Dollar amounts 7
  • $179K $179,081 $100K–$1M
  • $133K $133,491 $100K–$1M
  • $133K $133,149 $100K–$1M
  • $107K $107,448 $100K–$1M
  • $80K $79,889 $10K–$100K
  • $46K $45,932 $10K–$100K
  • $28K $27,559 $10K–$100K
Entities 1
  • person final judgment
Triples 4
  • The Court Grants the SEC’s request for a permanent injunction against both Defendants as follows in the addendum
  • The Court Grants the SEC’s request for disgorgement and prejudgment interest in the amounts of $179,081 from O’Meara and $107,448 from Choice
  • The Court Grants the SEC’s request for civil penalties in the amount of $79,889 from Choice and $133,491 from O’Meara
  • Final judgment is entered including the above relief and the case is hereby closed
PDF
Decision by Court. This action came to trial or hearing before the Court. The issues have been tried · Source
Text layers
Extracted body text (1,111c) 
United States District Court
SOUTHERN DISTRICT OF CALIFORNIA
Defendant.
Plaintiff,
Securities and Exchange Commission
Choice Advisors, LLC; Matthias O'Mear
a
V.
Civil Action No.21-cv-01669-JO-MSB
JUDGMENT IN A CIVIL CASE
Decision by Court.  This action came to trial or hearing before the Court.  The issues have been tried
or heard and a decision has been rendered.
IT IS HEREBY ORDERED AND ADJUDGED:
CLERK OF COURT
JOHN MORRILL, Clerk of Court
, DeputyR. Contreras
By:  s/  R. Contreras
Date:9/24/24
The Court:
1. GRANTS the SEC’s request for a permanent injunction against both Defendants as follows in the
addendum;
2. GRANTS the SEC’s request for disgorgement and prejudgment interest in the amounts of (1)
$179,081 from O’Meara, composed of $133,149 in disgorgement and $45,932 in prejudgment interest;
and (2) $107,448 from Choice, composed of $79,889 in disgorgement and $27,559 in prejudgment
interest; and
3. GRANTS the SEC’s request for civil penalties in the amount of $79,889 from Choice and $133,491
from O’Meara.
Final judgment is entered including the above relief and the case is hereby closed.
OCR text (1,221c · tika · 95% conf) 
United States District Court
SOUTHERN DISTRICT OF CALIFORNIA

Defendant.

Plaintiff,

Securities and Exchange Commission

Choice Advisors, LLC; Matthias O'Meara
V.

Civil Action No. 21-cv-01669-JO-MSB

JUDGMENT IN A CIVIL CASE

Decision by Court.  This action came to trial or hearing before the Court.  The issues have been tried 
or heard and a decision has been rendered.

IT IS HEREBY ORDERED AND ADJUDGED:

CLERK OF COURT 
JOHN MORRILL, Clerk of Court

, DeputyR. Contreras
By:  s/ R. Contreras

Date: 9/24/24

The Court: 
1. GRANTS the SEC’s request for a permanent injunction against both Defendants as follows in the 
addendum; 
2. GRANTS the SEC’s request for disgorgement and prejudgment interest in the amounts of (1) 
$179,081 from O’Meara, composed of $133,149 in disgorgement and $45,932 in prejudgment interest; 
and (2) $107,448 from Choice, composed of $79,889 in disgorgement and $27,559 in prejudgment 
interest; and 
3. GRANTS the SEC’s request for civil penalties in the amount of $79,889 from Choice and $133,491 
from O’Meara. 
Final judgment is entered including the above relief and the case is hereby closed.

Case 3:21-cv-01669-JO-MSB   Document 104   Filed 09/24/24   PageID.1724   Page 1 of 1

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