Brian C. Jensen

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26026 / June 13, 2024

Securities and Exchange Commission v. Jensen, Civil Action No. 1:17-cv-5563 (E.D.N.Y. filed Sept. 22, 2017)

SEC Obtains Final Judgment Against Defendant for Role in Alleged Offering Fraud
 

On June 13, 2024, the U.S. District Court for the Eastern District of New York entered a final judgment against Brian C. Jensen, enjoining him from violating certain provisions of the federal securities laws.

According to the SEC’s complaint, Jensen was involved in a scheme taking place between approximately March 2013 and April 2015 to defraud investors in ForceField Energy, Inc. The SEC alleged that Jensen was paid undisclosed kickbacks in exchange for successfully soliciting investments in ForceField’s private placements of common stock and warrants.

The SEC’s complaint charged Jensen with violating Section 5 and Section 17(a) of the Securities Act of 1933 and Section 15(a) and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. On September 26, 2017, the Court entered a partial judgment against Jensen by consent in which he agreed to be permanently enjoined from violations of the charged provisions and agreed to a penny stock bar. On June 13, 2024, the Court entered a final judgment against Jensen by consent in which he further agreed to disgorge $284,000 in ill-gotten gains and prejudgment interest thereon, the payment of which was deemed satisfied by the restitution order in the parallel criminal proceeding, United States v. Jensen, Crim. No. 16-86 (BMC) (E.D.N.Y.).

The SEC’s litigation is being handled by Bari R. Nadworny and Lindsay S. Moilanen of the New York Regional Office and is being supervised by Sheldon L. Pollock and Daniel Loss.