Trade-LLC, et al.

Litigation Release No. 22148 / November 9, 2011

COURT ENTERS FINAL JUDGMENT SETTING DISGORGEMENT, PREJUDGMENT INTEREST AND CIVIL PENALTY AGAINST WILLIAM H. CENTER AND DISMISSES MONETARY CLAIMS AGAINST DEFENDANT TRADE-LLC AND RELIEF DEFENDANTS BD LLC, TWTT-LLC, AND CMJ CAPITAL LLC.

Securities and Exchange Commission v. Trade-LLC, et al., Civil Action No. 10-80737-CV-Hurley/Hopkins (S.D. Fla.)

The Commission announced that on November 2, 2011, the Honorable Daniel T.K. Hurley, United States District Court Judge for the Southern District of Florida, entered a final judgment setting disgorgement, prejudgment interest and a civil penalty against William Center. The final judgment, entered by Center's consent, orders him to pay $1,512,176 in disgorgement and prejudgment interest and a $150,000 civil penalty to the Court-appointed Receiver. At the Commission's request, Judge Hurley also dismissed its claims for disgorgement, prejudgment interest and civil penalty against Trade-LLC and dismissed its claims for disgorgement and prejudgment interest against relief defendants BD LLC, TWTT-LLC and CMJ Capital LLC, since they are under the control of the Court appointed Receiver who will distribute their remaining assets to defrauded investors.

Previously, on August 13, 2010, Center consented to the entry of a judgment permanently enjoining him from violating Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. Through the Court-appointed Receiver, on June 23, 2010, Trade-LLC and relief defendants BD LLC, TWTT-LLC and CMJ Capital LLC consented to asset freezes and being placed in receivership.

In addition, in an administrative proceeding against Center, on August 20, 2010, Center consented to be barred from association with any broker, dealer or investment adviser.

For more information on earlier actions in this case, see LR-21564 (June 22, 2010); 34-62753 (Aug. 20, 2010) and IA-3071 (Aug. 20, 2010) and LR- 21651 (Sept. 16, 2010).