United States Securities and Exchange Commission v. Brown

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA ______________________________ UNITED STATES SECURITIES AND ) EXCHANGE COMMISSION, ) ) Plaintiff, ) ) v. ) Civil Action No. 09-1423 (GK) ) ELAINE M. BROWN, et al., ) ) Defendants. ) ______________________________) MEMORANDUM OPINION Plaintiff United States Securities and Exchange Commission (“SEC”) brings this action against Defendants1 Elaine M. Brown and Gary A. Prince alleging violations of the Securities Act of 1933 (“Securities Act”), 15 U.S.C. § 77a et seq, the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78a et…