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Technology Stocks : IFLB - Infinium Labs, Inc.

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From: jmhollen5/25/2006 3:22:19 AM
   of 15
 
"..Ruhhhhhhhhhh-Rho.............

ENFORCEMENT PROCEEDINGS - FINAL JUDGMENT AS TO DEFENDANTS JEFFREY GIBSON AND

May 16, 2006 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- The Commission announced that on May 9 the Honorable Robert L. Vining, Jr., U.S. District Judge for the Northern District of Georgia, entered a Final Judgment As To Defendants Jeffrey L. Gibson (Gibson) and Investment Property Management, LLC (IPM). The judgment enjoined the defendants from future violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and enjoined Gibson from future violations or aiding and abetting violations of Section 206 of the Investment Advisers Act of 1940. The defendants consented to the entry of the judgment without admitting or denying the allegations of the Commission's Complaint. The court ordered the defendants to pay disgorgement in the amount of $427,701.73, and ordered Gibson to pay a civil penalty in the amount of $25,000.

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