Armijo

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 SECURITIES AND EXCHANGE Case No.: 21-CV-1107 TWR (RBB)

COMMISSION,

ORDER GRANTING PLAINTIFF’S

Plaintiff, MOTION FOR SUMMARY v. JUDGMENT AND DENYING

DEFENDANTS’ CROSS-MOTION

ROBERT JOSEPH ARMIJO, and FOR SUMMARY JUDGMENT

JOSEPH FINANCIAL, INC.,

16 Defendants. (ECF Nos. 24, 26)

Presently before the Court are the cross-motions for summary judgment (the “Motions”) filed by Plaintiff the Securities and Exchange Commission (“SEC”) (“Pl.’s MSJ,” ECF No. 24) and Defendants Robert Joseph Armijo and Joseph Financial, Inc. (“JFI”) (“Defs.’ MSJ,” ECF No. 26). The Motions are fully briefed, (see ECF Nos. 34–35, 38–40), and the Court held a hearing on February 23, 2023. (See ECF No. 44.) Having carefully considered the Parties’ arguments, the record, and the applicable law, the Court GRANTS Plaintiff’s Motion and DENIES Defendants’ Motion, as follows. / / / / / / / / /…