Valentine

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA San Francisco Division SECURITIES AND EXCHANGE Case No. 20-cv-04358-LB

COMMISSION

12 Plaintiff, ORDER GRANTING THE PLAINTIFF’S MOTION FOR v. DEFAULT JUDGMENT 14 JOHN LEO VALENTINE, Re: ECF No. 19 15 Defendant. 16 INTRODUCTION In administrative proceedings before the United States Securities and Exchange Commission, the defendant John Valentine — an investment adviser — consented on October 20, 2016 to the entry of a cease-and-desist order (the “Commission Order”) that included a bar from the securities industry for two years and a civil monetary penalty of $140,000 plus interest. He never made any payments. The Commission sued to enforce the Commission Order under Section 15(b) of the Securities and Exchange Act of 1940 and Section 209(d) of the Investment Advisers Act of 1940.1 Both parties consented to magistrate-judge jurisdiction, Mr. Valentine waived service,…