Home / Cases / Boiler rooms Boiler rooms enforcement actions This library records 71 enforcement actions tagged boiler rooms. A boiler room is a high-pressure sales operation that sells securities to investors using scripted misrepresentations, converting a block of stock the operator holds into cash one call at a time.
Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the boiler rooms technique page.
Actions 71
Total penalties $41.6m
Median penalty $2.1m
Largest $37.5m
Criminal parallel 42% Action Agency Filed Penalty Status SEC v. Andrew Spaventa and others (boiler rooms, 2026) SEC 2026-08-17 — filed SEC v. unnamed respondents (boiler rooms, 2024) SEC 2024-11-20 — dismissed SEC v. Anthony Guarino (boiler rooms, 2024) SEC 2024-09-12 — settled SEC v. Mario Gogliormella, Steven Lacaj, and Karim Ibrahim a/k/a/ Chris Hayes (boiler rooms, 2024) SEC 2024-06-12 — filed SEC v. James P. Anglim (boiler rooms, 2023) SEC 2023-07-17 — judgment SEC v. Legend Venture Partners LLC (boiler rooms, 2023) SEC 2023-07-11 — filed SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023) SEC 2023-06-27 — judgment CFTC v. Precious Metals Dealers and Their Owner (boiler rooms, 2023) CFTC 2023-04-25 — filed SEC v. Matthew Nicosia, William Reininger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2023) SEC 2023-04-10 — judgment SEC v. Joseph R. Earle Jr, Barry D. Reagh, William Clayton, Francis T. Dudley, Steven E. Bryant, Upper Street Marketing, Inc. and Project Growth International, Inc. (boiler rooms, 2022) SEC 2022-12-05 — unknown SEC v. Geraci and Paul (boiler rooms, 2022) SEC 2022-11-04 — unknown SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2022) SEC 2022-10-27 — judgment SEC v. Matthew Nicosia, William Reninger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2022) SEC 2022-09-28 — filed SEC v. Justin Wallace Herman, Anthony Michael Baker, Ian Horn, and Island Capital Inc (boiler rooms, 2022) SEC 2022-04-12 $10k judgment SEC v. Robert Lenard Booth, Michael D'Urso, Daniel T. Wellcome Jr., Alyssa D'Urso, Antonella Chiaramonte, and Jay Garnock) (boiler rooms, 2022) SEC 2022-02-09 — unknown SEC v. Timothy Page et al., Daniel Cattlin and William R. Shupe (boiler rooms, 2021) SEC 2021-09-27 — filed SEC v. Zeeshawn S. Zia (boiler rooms, 2021) SEC 2021-09-01 — filed SEC v. Jonathan Mimun a/k/a Jonathan Maymon and Ronn BenHarav (boiler rooms, 2021) SEC 2021-07-13 — unknown SEC v. Kai Christian Petersen, et al. (boiler rooms, 2021) SEC 2021-05-25 $100k judgment SEC v. Vuuzle Media Corp., Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2021) SEC 2021-01-27 — filed SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2020) SEC 2020-12-01 — filed SEC v. Alex Forester, Michael Hicks, Yarden Krampf, Christopher Lee, Sean O'Neal, Michael Raynor, and Lee Sobel (boiler rooms, 2020) SEC 2020-10-27 — filed SEC v. PowerTradersPress.com, Inc., et al. (boiler rooms, 2020) SEC 2020-09-21 — judgment SEC v. Paul Ewer (boiler rooms, 2020) SEC 2020-05-22 — unknown SEC v. Robert Gilbert (boiler rooms, 2020) SEC 2020-05-22 — judgment SEC v. Turbo Global Partners, Inc. and Robert W. Singerman (boiler rooms, 2020) SEC 2020-05-14 — filed SEC v. Clinton Maurice Tucker II (boiler rooms, 2020) SEC 2020-05-11 — filed SEC v. Jeffrey G. Klein (boiler rooms, 2020) SEC 2020-04-24 — unknown SEC v. Drake et al., Messier et al., Brooks (boiler rooms, 2020) SEC 2020-01-16 — judgment SEC v. Anton Senderov, et al. (boiler rooms, 2019) SEC 2019-10-10 — filed SEC v. Gil Beserglik, et al. (boiler rooms, 2019) SEC 2019-09-30 — filed SEC v. Benjamin Conde, Defendant, and others (boiler rooms, 2019) SEC 2019-09-23 — filed SEC v. Vandham Securities Corp. (boiler rooms, 2019) SEC 2019-09-16 — settled SEC v. Bio Defense Corporation, et al. (boiler rooms, 2019) SEC 2019-09-13 $37.5m judgment SEC v. Toon Goggles Inc., et al. (boiler rooms, 2019) SEC 2019-09-06 — judgment CFTC v. International Enterprise (boiler rooms, 2019) CFTC 2019-08-12 — unknown SEC v. Carol J. Wayland, et al. (boiler rooms, 2019) SEC 2019-07-19 — judgment SEC v. Mark Burnett, Jeffrey Miller, Christian Romandetti, Frank Sarro, Anthony Vassallo, and Elite Stock Research, Inc. (boiler rooms, 2018) SEC 2018-11-15 — filed SEC v. Michael E. Cone, et al (boiler rooms, 2018) SEC 2018-11-08 — filed SEC v. Thomas Carter Ronk (boiler rooms, 2018) SEC 2018-09-28 — filed SEC v. Keith Houlihan (boiler rooms, 2018) SEC 2018-05-09 — judgment SEC v. AMC Holdings, LLC (boiler rooms, 2018) SEC 2018-04-05 — filed SEC v. Jason A. Wallace (boiler rooms, 2017) SEC 2017-12-18 — judgment SEC v. Jason McDiarmid, et al. (boiler rooms, 2017) SEC 2017-09-29 — unknown SEC v. David Howard Welch, et al (boiler rooms, 2017) SEC 2017-09-28 — settled SEC v. Tennstar Energy, Inc., et al. (boiler rooms, 2017) SEC 2017-08-30 — filed SEC v. Jack Sini (boiler rooms, 2017) SEC 2017-08-23 — filed SEC v. Jason Hershberger (boiler rooms, 2017) SEC 2017-08-23 — filed SEC v. Juan M. Perez Ortega (boiler rooms, 2017) SEC 2017-08-23 — filed SEC v. Martin Miller (boiler rooms, 2017) SEC 2017-08-23 — filed SEC v. Shawna Leigh Lynch (boiler rooms, 2017) SEC 2017-08-23 — unknown SEC v. Ashley Antos, Defendants, and Antos, Inc. (boiler rooms, 2017) SEC 2017-07-12 — unknown SEC v. Steve G. Blasko (boiler rooms, 2017) SEC 2017-07-07 — filed SEC v. Diana P. Lovera (boiler rooms, 2017) SEC 2017-06-28 — judgment SEC v. Harrison Katzen (boiler rooms, 2017) SEC 2017-05-31 — judgment SEC v. LottoNet Operating Corp., et al. (boiler rooms, 2017) SEC 2017-03-27 — filed SEC v. Oxford City Football Club, Inc. (boiler rooms, 2017) SEC 2017-02-08 — judgment SEC v. Oxford City Football Club, Inc., et al. (boiler rooms, 2017) SEC 2017-02-08 — judgment SEC v. Marcus A. Luna, et al. (boiler rooms, 2016) SEC 2016-09-30 — filed SEC v. Craig V. Sizer, and Miguel Mesa (boiler rooms, 2016) SEC 2016-09-28 — settled SEC v. Jason A. Wallace (boiler rooms, 2016) SEC 2016-09-27 — filed SEC v. Braslau and Samuel (boiler rooms, 2016) SEC 2016-07-25 — unknown SEC v. Samuel Braslau (boiler rooms, 2016) SEC 2016-07-25 — unknown SEC v. Robert Grabowski (boiler rooms, 2016) SEC 2016-04-22 — judgment SEC v. Edward Laborio, et al. (boiler rooms, 2016) SEC 2016-04-07 — judgment SEC v. Edward Laborio and Jonathan Fraiman (boiler rooms, 2015) SEC 2015-12-16 $4m judgment SEC v. Oxford City Football Club, Inc. and Thomas Anthony Guerriero (boiler rooms, 2015) SEC 2015-12-16 — filed SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015) SEC 2015-10-01 — unknown SEC v. Moshe Yehuda Dunoff (boiler rooms, 2015) SEC 2015-08-20 — filed SEC v. eCareer Holdings, Inc., eCareer, Inc., Joseph J. Azzata, Dean A. Esposito, Joseph DeVito, and Frederick J. Birks, et al. (boiler rooms, 2015) SEC 2015-04-16 — unknown CFTC v. MF Global Inc. (boiler rooms, 2014) CFTC 2014-11-07 — settled