The opinion of the court was delivered by: John Gleeson, United States District Judge:
On January 24, 2012, defendants Gilbert Beital ("Beital") and Gilcar Securities of Florida, Inc. ("Glicar") entered into a partial consent judgment which provided, inter alia, that "the Court shall determine whether to order disgorgement of ill-gotten gain and/or a civil penalty . . . and, if so, the amount(s) of disgorgement," as well as "prejudgment interest" on any disgorgement ordered. See Judgment 3, ECF No. 21. On February 25, 2013, the Securities and Exchange Commission ("SEC") moved for an order of disgorgement in the amount of $870,000, prejudgment interest, and a civil money penalty against Beital and Gilcar. See Notice of Mot., ECF No. 38. This Court held argument on March 25, 2013. Beital, representing himself pro se, appeared.*fn1 The SEC submitted supplemental information in support of its Motion on March 28, 2013. See ECF No. 43.
I find that $870,000 is a reasonable approximation of profits causally connected to the defendants' violations of Section 17(a) of the Securities Act of 1933, 15 U.S.C. § 77q(a), and Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b). Therefore, the motion is granted to the extent it seeks an order of disgorgement in this amount. Under the particular circumstances of this case, the motion is denied to the extent it seeks prejudgment interest. See S.E.C. v. First Jersey Sec., Inc., 101 F.3d 1450, 1476 (2d Cir. 1996) (discussing when an award of prejudgment interest is warranted). Finally, since I conclude that disgorgement alone will serve the goals of deterrence and forestall future violations, I decline to impose a civil penalty in addition to disgorgement. Cf. S.E.C. v. Inorganic Recycling Corp., No. 99 Civ 10159, 2002 WL 1968341, at *4 (S.D.N.Y., Aug. 23, 2002).
Judgment is awarded to the plaintiff Securities and Exchange Commission and against Gilbert Beital and Gilcar Securities of Florida, Inc. jointly and severally directing disgorgement in the sum of $870,000.