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S.E.C. v. PRINCETON ECONOMIC INTERN. LTD.

No. 99 CIV. 9667, 99 CIV. 9669.

84 F.Supp.2d 447 (2000)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. PRINCETON ECONOMIC INTERNATIONAL LTD., Princeton Global Management Ltd. and Martin A. Armstrong, Defendants. Commodities Futures Trading Commission, Plaintiff, v. Princeton Economic International Ltd., Princeton Global Management Ltd. and Martin A. Armstrong, Defendants.

United States District Court, S.D. New York.

February 2, 2000.

Attorney(s) appearing for the Case

Carmen J. Lawrence, Dorothy Heyl, Securities and Exchange Commission, New York City, Andrew J. Geist, Eric M. Schmidt, David Rosenfeld, Helene T. Glotzer, New York City, for S.E.C.

Martin P. Unger, Blank Rome Tenzer Greenblatt LLP, New York City, for Martin Armstrong.

OPINION AND ORDER

OWEN, District Judge.

On September 13, 1999, Judge Kaplan of this Court entered a Temporary Restraining Order upon application of the SEC and CFTC restraining defendants from further violating securities laws, freezing defendants' assets, appointing a Temporary Receiver to collect the assets and report, and granting other relief. As part of this TRO, the Receiver, attorney Alan M. Cohen, was authorized to "take and retain immediate...

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