United States Securities and Exchange Commission v. Wellness Matrix Group, Inc.

UNITED STATES DISTRICT COURT

FOR THE CENTRAL DISTRICT OF CALIFORNIA

UNITED STATES SECURITIES Case No. 8:21-cv-01031-SSS-DFMx

AND EXCHANGE COMMISSION,

ORDER GRANTING MOTION FOR Plaintiff, DEFAULT JUDGMENT, [DKT. 59],

AND GRANTING, IN PART,

v. MOTION FOR FINAL JUDGMENT, [DKT. 62]

WELLNESS MATRIX GROUP, INC., et al.

Defendants.

18 Before the Court are two motions filed by Plaintiff United States Securities and Exchange Commission (“SEC”). [Dkt. 59, 62]. The first is a motion for entry of default judgment against Defendant Wellness Matrix Group, Inc. (“Wellness Matrix”) for violating Section 10(b) of the Securities Exchange Act and Rule 10b-5. [Dkt. 59]. Wellness Matrix has not appeared in this case; thus, the motion is unopposed. The second is a motion final judgment against Defendant George Todt (“Todt”). [Dkt. 62]. Todt does not oppose. Having reviewed the SEC’s arguments, relevant legal authority,…