Securities and Exchange Commission v. Chang G. Park, also known as Changgeun Park

Summary

The United States District Court for the Southern District of California granted the Securities and Exchange Commission’s ex parte motion to enforce a Commission order against Chang G. Park, also known as Changgeun Park. The court required Park to pay the assessed civil penalty and interest under 31 U.S.C. § 3717 and directed the Clerk to close the case after Park failed to respond to the order to show cause.

Holdings

1. The Court may and should enforce the Commission order, requiring Park to pay the civil penalty assessed against him and interest accrued under 31 U.S.C. § 3717, where he was served and failed to respond to the order to show cause.

Questions Presented

1. Whether the Court should enforce the Securities and Exchange Commission order requiring Chang G. Park to pay the assessed civil penalty and accrued interest.

Disposition

other