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S.E.C. v. JOHNSTON

No. 93-CV-73541-DT.

922 F.Supp. 1220 (1996)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Robert JOHNSTON, Fiduciary Planning, Inc., Defendants.

United States District Court, E.D. Michigan, Southern Division.

March 29, 1996.

Attorney(s) appearing for the Case

Jane E. Jarcho, Wendy D. Fox, Securities and Exchange Commission, Chicago, IL, for plaintiff.

Lawrence M. Scott, Raymond C. McVeigh, Troy, MI, for defendants.

OPINION

DUGGAN, District Judge.

I. Background

On August 23, 1993, plaintiff sought injunctive and other equitable relief against defendants for their activities from June through December of 1989, during which time they raised $1,423,000 from eighteen investors through the offer and sale of Eurobond Exchange Ltd. a/k/a EuroGold and Bond Exchange Ltd. a/k/a EBX Trust A.G. ("Eurobond") investment. From these sales, defendants received...

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