Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_16-cv-00344/USCOURTS-caed-1_16-cv-00344-3/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE 

COMMISSION,

 Plaintiff, 

 v. 

BIC REAL ESTATE DEVELOPMENT CORP. 

and DANIEL R. NASE, individually and dba 

BAKERSFIELD INVESTMENT CLUB,

 Defendants,

BIC SOLO 401K TRUST and MARGARITA 

NASE,

 Relief Defendants.

1:16-CV-344-LJO-JLT

ORDER RE HEARING ON 

PLAINTIFF’S MOTION FOR 

PRELIMINARY INJUNCTION (Doc. 2)

The Court held a hearing on the Securities and Exchange Commission’s (“the SEC”) motion for 

preliminary injunction. (Doc. 2). John Bulgozdy, Manuel Vazquez, and Matthew Thomas Montgomery 

appeared on behalf of the SEC. Scott Vick appeared on behalf of Defendants. Pursuant to the parties’ on 

the record discussion with the Court at the hearing, the parties stipulate to and the Court ORDERS the 

following:

1. The terms of the March 11, 2016 Temporary Restraining Order (“TRO”) shall remain in full 

force and effect until the Court issues an order on the parties’ to-be-received written 

stipulation to enter a preliminary injunction.

2. The parties shall file their substantive stipulation for a preliminary injunction by 3:00 P.M. 

on April 8, 2016.

3. Although the terms of the Federal Equity Receiver’s appointment shall be finalized by the 

Court’s forthcoming preliminary injunction order, the Receiver may act with full authority 

commencing immediately.

Case 1:16-cv-00344-DAD-JLT Document 33 Filed 04/01/16 Page 1 of 2
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4. Although the Federal Equity Receiver’s analysis of the source of the funds contained in 

Defendant’s personal bank account is due by April 15, 2016, Defendant Nase may withdraw 

no more than $2,500.00 one time to pay for personal living expenses. 

5. The May 11, 2016, 9 a.m. scheduling conference before Magistrate Judge Thurston remains 

set.

IT IS SO ORDERED.

Dated: April 1, 2016 /s/ Lawrence J. O’Neill 

UNITED STATES DISTRICT JUDGE

Case 1:16-cv-00344-DAD-JLT Document 33 Filed 04/01/16 Page 2 of 2