Defendant In SEC Suit Knew Of Complaint Filed Against Him, Judge Rules

(February 9, 2017, 1:00 PM EST) -- MIAMI — A federal judge in Florida on Jan. 25 denied a defendant’s motion to set aside a default judgment in a securities fraud lawsuit filed by the Securities and Exchange Commission, ruling that the defendant was aware of the action against him but failed to file the motion within the deadlines set in court orders (Securities and Exchange Commission v. OTC Capital Partners LLC, et al., No. 16-20270, S.D. Fla., 2017 U.S. Dist. LEXIS 12438)....