Legal Opinion
Sec. & Exch. Comm'n v. Jones
District Court, District of Columbia
Decided January 5, 2018No. CIVIL ACTION NO. 17–11226–RGSPublishedCited by 4 opinions
1Opinion of the Court
Richard G. Stearns, UNITED STATES DISTRICT JUDGE
The Securities and Exchange Commission (SEC) alleges that defendant Cheryl Jones was a "necessary and substantial" participant in a Ponzi scheme orchestrated *314by her brother, Mark Jones. According to the Complaint, Cheryl Jones (hereafter Jones) sold unregistered (and worthless) securities in violation of Sections 5(a) and 5(c) of the Securities Act of 1933. Jones filed a motion to dismiss, asserting, among other defenses, that the SEC's claims are time-barred under the five-year statute of limitations that applies to actions for civil penalties…
2Cases cited14 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Securities & Exchange Commission v. TamboneCourt of Appeals for the First Circuit · 2010
- Fed. Sec. L. Rep. P 97,588 Securities and Exchange Commission v. Stephen MurphyCourt of Appeals for the Ninth Circuit · 1980
- Gabelli v. Securities & Exchange CommissionSupreme Court of the United States · 2013
- Fed. Sec. L. Rep. P 97,301 Securities and Exchange Commission v. Spence & Green Chemical Company and Andrew Spence, Sr.Court of Appeals for the Fifth Circuit · 1980
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3Cited by4 opinions
- Securities and Exchange Commission v. KnoxDistrict Court, D. Massachusetts · 2022
- Securities and Exchange Commission v. McLellanDistrict Court, D. Massachusetts · 2024
- Securities and Exchange Commission v. Ripple Labs Inc.District Court, S.D. New York · 2022
- Securities and Exchange Commission v. SargentDistrict Court, D. Massachusetts · 2022