SEC is seeking an emergency order to freeze Rogas’ assets
Rogas violated the antifraud provisions of the federal securities laws. The Commission is seeking an emergency court order to freeze his assets. It is also seeking a permanent injunction, disgorgement of allegedly ill-gotten gains with prejudgment interest, and financial penalties.
In a statement, SEC Denver Regional Office Director Kurt Gottschall said, “As alleged in our complaint, Rogas falsely presented NS8 as a successful business by fabricating revenue figures and providing them to investors. He added, “Investors are entitled to accurate information about a company’s financial condition and the SEC is committed to holding accountable corporate executives who deceive investors.”
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