Securities & Exchange Commission v. Falor

MEMORANDUM OPINION AND ORDER

JOAN B. GOTTSCHALL, District Judge.

Plaintiff, the Securities and Exchange Commission (the “SEC”), brought this action against Defendant Robert Falor (“Robert”), seeking injunctive relief, civil penalties, disgorgement, and prejudgment interest for alleged violations of the Securities Act, 15 U.S.C. § 77 et seq., and the Securities Exchange Act, 15 U.S.C. § 78(a) et seq. (Compl., Doc. No. 1.) This matter comes before the court on Marie Falor’s (“Marie”) Motion for Leave to Intervene as Judgment Creditor.

I. Background

The SEC alleges that Robert ran a multimillion…