Securities and Exchange Commission v. Red Rock Secured, LLC
Opinion
trial_court Opinion
UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
CIVIL MINUTES - GENERAL
Case No. 2:23-cv-03682-RGK-PVC Date March 29, 2024 Title Securities and Exchange Commission v. Red Rock Secured, LLC et al.
Present: The Honorable R. GARY KLAUSNER, UNITED STATES DISTRICT JUDGE Joseph Remigio Not Reported N/A Deputy Clerk Court Reporter / Recorder Tape No. Attorneys Present for Plaintiff: Attorneys Present for Defendants: Not Present Not Present Proceedings: (IN CHAMBERS) Order to Show Cause Re: Defendants’ Alleged Investment Adviser Status On August 11, 2023, the Securities and Exchange Commission (“SEC” or “Plaintiff’) filed the operative First Amended Complaint (“FAC”) in this civil enforcement action against Red Rock Secured, LLC (“Red Rock”), Sean Kelly, Anthony Spencer, and Jeffrey Ward. (ECF No. 37.) Among other things, Plaintiff alleges that Spencer and Ward (“Defendants”) violated of Sections 206(1) and 206(2) of the Investment Advisers Act, 15 U.S.C. §§ 80b-6(1)(2). On December 11, 2023, Defendants…