Werthe
Securities and Exchange Commission v. Werthe
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 SECURITIES AND EXCHANGE Case No.: 23cv0815-L-DDL
COMMISSION,
ORDER GRANTING MOTION FOR
Plaintiff, SUMMARY ADJUDICATION v. 14 [ECF No. 26] MATTHEW J. WERTHE dba HSR
WEALTH MANAGEMENT,
16 Defendant.
18 Pending before the Court in this securities fraud action is a motion for summary judgment filed by Plaintiff United States Securities and Exchange Commission (“SEC”). (ECF No. 26.) Defendant Matthew J. Werthe, proceeding pro se, filed an opposition (ECF No. 27) and the SEC replied (ECF No. 28). The Court decides the matter on the papers submitted without oral argument. See Civ. L. R. 7.1(d)(1). For the reasons stated below, the motion is granted to the extent of Defendant’s liability on the claims alleged in the complaint. / / / / / 27 28 I. BACKGROUND In June 2019, Defendant Matthew J. Werthe started HSR Wealth Management (“HSR”),2 a California-registered investment adviser. Mr. Werthe was the sole owner, employee, and Chief…