On 11/29/23, The Securities and Exchange Commission (“SEC”) accused Timothy Barton of committing securities fraud and sought a receivership. (Doc. 309). One year before to this , the Court imposed one but used a standard for the receivership the Fifth Circuit later held to be incorrect (the First Financial standard). The Fifth Circuit held the correct standard to be the Netsphere standard. The Court now engages in the analysis it should have done the first time, determines a receivership should exist, and determines its scope under the Fifth Circuit standard as set forth below. Accordingly, the Court GRANTS IN PART the SEC’s motion.