SEC v. Park - Civil Penalty Enforcement Order
Summary
The U.S. District Court for the Southern District of California granted the SEC's ex parte motion to enforce a civil penalty order under Section 21(e)(1) of the Securities Exchange Act of 1934. Defendant Chang G. Park failed to respond to a show cause order by the January 23, 2026 deadline. The court ordered the defendant to pay the civil penalty assessed against him plus interest accrued pursuant to 31 U.S.C. § 3717. The case is now closed.
Registered entities subject to SEC administrative orders should ensure that any assessed civil penalties and interest are paid promptly. A failure to respond to a court show cause order in an SEC enforcement proceeding can result in automatic judicial enforcement of the underlying Commission order, as demonstrated here where the court enforced the penalty without a responsive appearance.
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What changed
The court granted the SEC's ex parte motion to enforce a Commission order under Section 21(e)(1) of the Securities Exchange Act of 1934, requiring defendant Chang G. Park to pay a civil penalty plus accrued interest under 31 U.S.C. § 3717. The defendant failed to respond to a show cause order, resulting in default enforcement.
Registered entities subject to SEC orders should ensure compliance with assessed penalties and interest obligations to avoid judicial enforcement proceedings under Section 21(e)(1). Failure to respond to court show cause orders in SEC enforcement proceedings can result in automatic order enforcement.
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Apr 24, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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Jan. 28, 2026 Get Citation Alerts Download PDF Add Note
Securities and Exchange Commission v. Chang G. Park, also known as Changgeun Park
District Court, S.D. California
- Citations: None known
- Docket Number: 3:25-cv-03610
Precedential Status: Unknown Status
Trial Court Document
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11 UNITED STATES DISTRICT COURT
12 SOUTHERN DISTRICT OF CALIFORNIA
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14 SECURITIES AND EXCHANGE Case No. 25-cv-3610-BAS-JLB
COMMISSION,
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ORDER GRANTING PLAINTIFF’S
Plaintiff,
16 MOTION TO ENFORCE
v. (ECF No. 1)
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CHANG G. PARK, also known as
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Changgeun Park,
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Defendant.
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21 Presently before the Court is Plaintiff Securities and Exchange Commission’s ex
22 parte motion. (ECF No. 1.) Plaintiff seeks a Court Order to enforce a Commission order,
23 in accordance with Section 21(e)(1) of the Securities Exchange Act of 1934. (Id.); SEC v.
24 McCarthy, 322 F.3d 650, 659 (9th Cir. 2003).
25 The Court ordered Defendant to Show Cause as to why this Court should not enforce
26 compliance with the Commission order. (ECF No. 2.) The Court gave Defendant until
27 January 23, 2026, to respond. (Id.)
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I The Court further ordered Plaintiff to serve Defendant with a copy of the motion on
2 ||or before January 9, 2026, and to file a certificate of service with the Court confirming
3 || service of process. (/d.) The Plaintiff filed the certificate of service. (ECF No. 3.)
4 The deadline for Defendant to show cause has passed without a response.
5 || Accordingly, the Court GRANTS Plaintiff's motion to enforce, requiring Defendant to pay
6 || the civil penalty assessed against him and interest accrued pursuant to 31 U.S.C. § 3717.
7 || (ECF No. 1.) The Clerk of Court shall close the case.
8 IT IS SO ORDERED.
9 Th ~
10 || DATED: January 28, 2026 Duhark
1 H n. Cynthia Bashant, Chief Judge
United States District Court
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