[U] A Tangent: SEC Begins To File Its Settled Civil Judgments, In “Pump & Dump” Complaint — In Manhattan

[UPDATED @ 10 AM EST — 12/28/2018: Opko’s press release providing PR spin, on the below. In reply, I offer an entirely new custom graphic. I suspect these are not the last of the settlements. End, update.]

Tonight, the SEC presented three proposed judgments by agreement, in the civil securities fraud suit we’ve been following in Manhattan — the one directly implicating Messrs. O’Rourke and Honig. We indicated last week that the SEC would delay amending its overall complaint at law, as it took these settling defendants off the field (and presumably secured their cooperation, against the king-pins). That process is being made public tonight in federal court filings, via PACER.

Philip Frost, M.D. — and the primary public company he is affiliated with, Opko Health — are among those settling tonight. Dr. Frost is to be barred from trading any stock under a per share price of $5, and will immediately pay $5.5 million in fines and disgorgement, to the SEC.

Here are Dr. Frost’s proposed personal terms (13 pages) — and here are the terms for Opko (12 pages).

This certainly ratchets up the pressure on former Riot CEO John O’Rourke III, and former mega shareholder (and affiliate of O’Rourke, et al.), Barry C. Honig — and suggests they will be treated by the SEC and DoJ, as the ultimate masterminds, not Dr. Frost.

Thus… I’ve revised my prediction — about Riot’s near-term reorganization in bankruptcy, in the masthead above.

Onward.