U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 18992 / December 6, 2004

SECURITIES AND EXCHANGE COMMISSION V. SUPERIOR OPPORTUNITIES, INC., J.F. SIMMS & CO., LLC, WILLIAM J. HICKEY, SEAN A. OSBORNE AND JON F. SIMMS, CASE NO. 04-80021-CIV-HURLEY/HOPKINS (SD Fla.)

JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANTS SUPERIOR OPPORTUNITIES, INC. AND J.F. SIMMS & CO., LLC

The Securities and Exchange Commission announced that on November 24, 2004, the United States District Court for the Southern District of Florida entered Judgments of Permanent Injunction and Other Relief against Defendants Superior Opportunities, Inc. and J.F. Simms & Co., LLC, respectively. The Judgments, entered with the consent of Superior and J.F. Simms, without admitting or denying the allegations of the SEC's Complaint, enjoin them from violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933. The Judgment also enjoins J.F. Simms from violating Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder. In addition to injunctive relief, the Judgments provide for disgorgement, prejudgment interest and the imposition of civil penalties to be determined by the Court upon the SEC's Motion.

For further information, see Litigation Releases No. 18545 (January 16, 2004), No. 18937 (October 22, 2004).

http://www.sec.gov/litigation/litreleases/lr18992.htm