Securities and Exchange Commission v. Criterion Wealth Management Insurance Services, Inc.
Opinion
trial_court Opinion
Case 2:20-cv-01402-ODW-JEM Document 81 Filed 04/25/22 Page 1 of 39 Page ID #:6855
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8 United States District Court 9 Central District of California
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11 SECURITIES AND EXCHANGE Case № 2:20-cv-01402-ODW (JEMx)
COMMISSION,
12 ORDER GRANTING IN PART AND Plaintiff, 13 DENYING IN PART PLAINTIFF’S v. MOTION FOR SUMMARY 14 JUDGMENT [41]; ORDER
CRITERION WEALTH MANAGEMENT
15 SERVICES, INC., et al., DENYING DEFENDANTS’
MOTIONS FOR SUMMARY
16 Defendants. JUDGMENT [50] [51] 17 18 I. INTRODUCTION 19 The Securities and Exchange Commission (“SEC”) brought this enforcement 20 action against Defendant Criterion Wealth Services and its co-owners, Defendants 21 Robert A. Gravette and Mark A. MacArthur, for fraud and breach of fiduciary duty in 22 violation of the Investment Advisers Act of 1940 (“Advisers Act”), 15 U.S.C. 23 §§ 80b-1 to 80b-18c. Three summary judgment motions are pending. First, the SEC 24 moves for summary…