Securities and Exchange Commission v. One or More Unknown Traders in the Common Stock of Certain Issuers

MEMORANDUM OPINION

RICARDO M. URBINA, District Judge.

Granting in Part and Denying in Part the Plaintiff’s Motion for Disgorgement; Denying Parex’s Motion for Summary Judgment; Granting Parex’s Alternative Request to Unfreeze $1,164,-652.07

I. INTRODUCTION

This matter comes before the court on both the plaintiffs motion for disgorge ment and the relief defendant \ JSC Parex Bank, Inc.’s (“Parex”), motion for summary judgment. The defendants are four individuals who reaped substantial profits by engaging in illegal trading on the U.S. stock market. They carried out this illegal activity using…