SEC Charges Michael Moore For Monkey Rock & Cytta

SEC Enforcement Attorneys - Michael Moore CPA Charged

On September 29, 2015, the Securities and Exchange Commission (SEC) filed a complaint in the U.S. District Court for the District of Nevada against Michael J. Moore, formerly a certified public accountant known for auditing many questionable microcap issuers particularly shells used in reverse merger transactions.  Moore is the subject of two prior SEC orders.

The first order involving, issued by the SEC on October 6, 2009, permanently suspended Moore pursuant to SEC rules from appearing or practicing before the SEC as an accountant. The second order, issued by the Public Company Accounting Oversight Board (“PCAOB”) on August 27, 2009, barred Moore from being associated with any PCAOB registered public accounting firm. Moore violated the SEC order when he performed accounting work for two public companies, Cytta and Monkey Rock Group, Inc., for the periods from February 2010 through September 2014 and June 2011 through January 2012, respectively. Moore additionally violated the PCAOB order by performing the accounting work for Monkey Rock, which was an “issuer” under Sarbanes-Oxley Act of 2002 (“SOX”) Section 2(a)(7), 15 S.C. § 7201(a)(7).

The SEC alleged in its complaint that Moore violated two regulatory orders:

  • The first order, issued by the SEC on October 6, 2009, permanently suspended Moore from appearing or practicing before the SEC as an accountant. Moore violated the SEC order when he performed accounting work for two public companies, Cytta Corp. and Monkey Rock Group, Inc., for the periods from February 2010 through September 2014 and June 2011 through January 2012, respectively.
  • The second order, issued by the Public Company Accounting Oversight Board (“PCAOB”) on August 27, 2009, barred Moore from being associated with any PCAOB registered public accounting firm. Moore violated the PCAOB order by performing accounting work for Monkey Rock, which was an “issuer” under Section 2(a)(7) of the SOX. By engaging in this conduct, Moore violated SOX Section 105(c)(7)(B), which prohibits any person who is suspended or barred by the PCAOB from being associated with a registered public accounting firm from willfully becoming or remaining associated with any issuer in an accountancy capacity.

According to the SEC allegations, Moore has received at least $168,612.30 in ill-gotten gains as a result of his actions in violation of the SEC and PCAOB orders, in the form of payments by Cytta and Monkey Rock for his accounting services. The SEC’s complaint seeks a district court order directing that Moore comply with the SEC order, a permanent injunction prohibiting future violations by Moore of SOX Section 105(c)(7)(B), an order that Moore disgorge all ill-gotten gains he obtained as a result of his violations plus prejudgment interest thereon, and imposition of a civil penalty.

For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at [email protected] or visit  www.securitieslawyer101.com.   This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship. Please note that the prior results discussed herein do not guarantee similar outcomes.

Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: (561) 416-8956
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www.SecuritiesLawyer101.com