U.S. District Judge David K. Winder has issued a permanent injunction against Efficient Transfer, 175 W. Second South, and Roger G. Coleman Sr., listed as an officer of the company.
The injunction, sought by the U.S. Securities and Exchange Commission, was granted when defendants did not contest the commission's request.
In March, the agency charged that fraudulent schemes were employed and defendants did not keep proper records.
The SEC claimed that after being told that federal officials wanted to examine the company's records and books, Efficient's offices were vacated and all records and books removed.
The suit alleged that Efficient falsified shareholder lists of USA Medical Corp. Winder did not rule on the allegations but simply issued the injunction.
The judge ordered that Efficient and Coleman must keep proper records and not destroy required information. He also ordered that Coleman must not engage in fraud.