JanOne settles SEC civil action; consents to $250K penalty and permanent injunction

AI Financial Corp

Settlement with SEC resolves August 2021 complaint for alleged violation of Section 10(b) and Rule 10b-5.
Company consents to permanent injunction from future violations, without admitting or denying allegations.
Civil penalty of $250,000 to be paid in four quarterly installments of $62,500 each.
Judgment entered on May 28, 2024 by U.S. District Judge James Mahan in Nevada.
Settlement agreement and final judgment incorporated into court order available on PACER.

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