SEC v. Keith Houlihan (boiler rooms, 2018)

Judgment entered

Machine-extracted, pending human review. The structured fields on this page were parsed automatically from the regulator's own release, linked below. Read the primary document before relying on any figure here, and tell us if something is wrong.

In 2018, the Securities and Exchange Commission obtained a judgment against Keith Houlihan, alleging conduct this library classifies as boiler rooms. The release does not state a monetary figure that we were able to extract. A parallel criminal matter produced a custodial sentence of 111 months.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-24137
Date filed	2018-05-09
Date resolved	2018-05-09
Status	judgment
Asset class	equities
Criminal parallel	Yes
Sentence	9y 3m
Bars imposed	officer-and-director bar, penny stock bar
Defendants	Keith Houlihan (individual)
Techniques	Boiler rooms

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Securities and Exchange Commission announced this matter on May 9, 2018 as release LR-24137. The respondents named are Keith Houlihan (1 individual, 0 entities).

This library tags the matter as boiler rooms, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against equities.

Non-monetary relief recorded: officer-and-director bar, penny stock bar.

A parallel criminal proceeding is referenced, with a custodial sentence of 111 months recorded. Criminal and civil outcomes are tracked separately throughout this site.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

Boiler rooms — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

2018-05-09 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Other actions in the library sharing at least one technique tag with this one.

Action	Agency	Filed	Technique	Penalty	Status
SEC v. Andrew Spaventa and others (boiler rooms, 2026)	SEC	2026-08-17	Boiler Rooms	—	filed
SEC v. unnamed respondents (boiler rooms, 2024)	SEC	2024-11-20	Boiler Rooms	—	dismissed
SEC v. Anthony Guarino (boiler rooms, 2024)	SEC	2024-09-12	Boiler Rooms	—	settled
SEC v. Mario Gogliormella, Steven Lacaj, and Karim Ibrahim a/k/a/ Chris Hayes (boiler rooms, 2024)	SEC	2024-06-12	Boiler Rooms	—	filed
SEC v. James P. Anglim (boiler rooms, 2023)	SEC	2023-07-17	Boiler Rooms	—	judgment
SEC v. Legend Venture Partners LLC (boiler rooms, 2023)	SEC	2023-07-11	Boiler Rooms	—	filed

Record added September 8, 2026. submit a correction.