UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF FLORIDA

CASE NO. 20-CIV-80706-RAR

SECURITIES AND 

EXCHANGE COMMISSION,

Plaintiff,

v.

PRAXSYN CORPORATION

and FRANK J. BRADY, 

Defendants.

/

FINAL JUDGMENT AGAINST DEFENDANT FRANK J. BRADY

The Securities and Exchange Commission having filed a Complaint and Defendant Frank 

J. Brady having: entered a general appearance; consented to the Court’s jurisdiction over him and 

the subject matter of this action; consented to entry of this Final Judgment without admitting or 

denying the allegations of the Complaint (except as provided in Section IV below and except for 

personal and subject matter jurisdiction, which Brady admits); waived findings of fact and 

conclusions of law; and waived any right to appeal from this Final Judgment, it is hereby

ORDERED AND ADJUDGED as follows:

1. Brady is permanently restrained and enjoined from violating, directly or indirectly, 

Section 10(b) of the Exchange Act (15 U.S.C. § 78j(b)) and Rule 10b-5 promulgated thereunder 

(17 C.F.R. § 240.10b-5), by using any means or instrumentality of interstate commerce, or of the 

mails, or of any facility of any national securities exchange, in connection with the purchase or 

sale of any security:

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(a) to employ any device, scheme, or artifice to defraud;

(b) to make any untrue statement of a material fact or to omit to state a material fact 

necessary in order to make the statements made, in the light of the circumstances 

under which they were made, not misleading; or

(c) to engage in any act, practice, or course of business which operates or would 

operate as a fraud or deceit upon any person, 

with respect to: (i) the prospects for success of any product or company; or (ii) making any false 

or misleading statement, or disseminating any false or misleading documents, materials, or 

information, concerning matters related to a company’s business or to a decision by an investor or 

prospective investor to buy or sell securities of any company.

2. As provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph 

also binds the following who receive actual notice of this Judgment by personal service or 

otherwise: (a) Brady’s officers, agents, servants, employees, and attorneys; and (b) other persons 

in active concert or participation with Brady or with anyone described in (a).

3. Pursuant to Section 21(d)(2) of the Exchange Act (15 U.S.C. § 78u(d)(2)), Brady

is prohibited for five years following the date of entry of this Final Judgment from acting as an 

officer or director of any issuer that has a class of securities registered pursuant to Section 12 of 

the Exchange Act (15 U.S.C. § 78l) or that is required to file reports pursuant to Section 15(d) of 

the Exchange Act (15 U.S.C. § 78o(d)).

4. Brady shall pay a civil penalty in the amount of $15,000 to the Securities and 

Exchange Commission pursuant to Section 21(d) of the Exchange Act (15 U.S.C. § 78u(d)). Brady 

shall make this payment in three installments to the Commission according to the following 

schedule: (1) $5,000 within 14 days of the entry of this Final Judgment; (2) $5,000 within six 

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months of the entry of this Final Judgment; and (3) $5,000 within one year of the entry of this 

Final Judgment. Payments shall be deemed made on the date they are received by the Commission 

and shall be applied first to post judgment interest, which accrues pursuant to 28 U.S.C. § 1961 on 

any unpaid amounts due after 30 days of the entry of Final Judgment. Prior to making the final 

payment set forth herein, Brady shall contact the staff of the Commission for the amount due for 

the final payment. If Brady fails to make any payment by the date agreed and/or in the amount 

agreed according to the schedule set forth above, all outstanding payments under this Final 

Judgment, including post-judgment interest, minus any payments made, shall become due and 

payable immediately at the discretion of the staff of the Commission without further application 

to the Court.

Brady may transmit payment electronically to the Commission, which will provide detailed 

ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank 

account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. 

Brady may also pay by certified check, bank cashier’s check, or United States postal money order 

payable to the Securities and Exchange Commission, which shall be delivered or mailed to:

Enterprise Services Center

Accounts Receivable Branch

6500 South MacArthur Boulevard

HQ Bldg., Room 181, AMZ-341

Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of 

this Court; Brady’s name as a defendant in this action; and specifying that payment is made 

pursuant to this Final Judgment. 

Brady shall simultaneously transmit photocopies of evidence of payment and case 

identifying information to the Commission’s counsel in this action, Robert K. Levenson, Securities 

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and Exchange Commission, 801 Brickell Avenue, Suite 1950, Miami, FL, 33131. By making 

these payments, Brady relinquishes all legal and equitable right, title, and interest in such funds 

and no part of the funds shall be returned to him. The Commission shall send the funds paid 

pursuant to this Final Judgment to the United States Treasury. Brady shall pay post-judgment 

interest on any delinquent amounts pursuant to 28 U.S.C. § 1961. 

5. Solely for purposes of exceptions to discharge set forth in Section 523 of the 

Bankruptcy Code (11 U.S.C. § 523), the allegations in the Complaint are true and admitted by 

Brady, and further, any debt for a civil penalty or other amounts due by Brady under this Final 

Judgment or any other judgment, order, consent order, decree or settlement agreement entered in 

connection with this proceeding, is a debt for the violation by Brady of the federal securities laws 

or any regulation or order issued under such laws, as set forth in Section 523(a)(19) of the 

Bankruptcy Code (11 U.S.C. § 523(a)(19)).

6. This Court shall retain jurisdiction of this matter for the purposes of enforcing the 

terms of this Final Judgment.

DONE AND ORDERED in Fort Lauderdale, Florida, this 26th day of August, 2020.

 _________________________________

 RODOLFO A. RUIZ II

 UNITED STATES DISTRICT JUDGE

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