( December 3, 2025, 2:33 PM EST) -- PASADENA, Calif. — A Ninth Circuit U.S. Court of Appeals panel affirmed the default judgment ordered against a company and the couple that served as its executives in an enforcement action brought by the Securities and Exchange Commission alleging that the company made material misrepresentations and omissions to investors, finding that the default judgment order was appropriate because the defendants had been cautioned numerous times about retaining counsel and the need to appear at court-scheduled hearings....