SEC Loses Summary Judgment Motion Against Pro Se Defendant?

How does the SEC lose an sj motion against a pro se defendant?

It’s like shooting fraudulent fish in a barrel!

Actually it’s not, as Judge Marra explains:

[CENSORED]

I’m sorry I’d like to quote from the opinion but I see it makes repeated reference to the “risk-enhancing” features of an “Inverse Floater” — which apparently is a defined term(!). Ahh, thanks but no thanks.

(No wonder this guy had to proceed pro se.)