Shell factories enforcement actions
This library records 8 enforcement actions tagged shell factories. A shell factory manufactures public companies with no real business, complete with nominee shareholders and a share quotation, for sale to promoters who need a listed vehicle to distribute stock through.
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 shell factories technique page.
- Actions
- 8
- Total penalties
- $20k
- Median penalty
- $20k
- Largest
- $20k
- Criminal parallel
- 50%
| Action | Agency | Filed | Penalty | Status |
|---|---|---|---|---|
| SEC v. Gregg Evan Jaclin, Esq. (shell factories, 2019) | SEC | 2019-08-06 | — | judgment |
| SEC v. Imran Husain, et al. (shell factories, 2019) | SEC | 2019-08-06 | — | judgment |
| SEC v. Dov Zaidman, CPA and and ZBS Group LLP (shell factories, 2019) | SEC | 2019-04-22 | — | settled |
| SEC v. Delaney Equity Group LLC Delaney and others (reverse merger schemes, 2018) | SEC | 2018-08-29 | $20k | settled |
| SEC v. Jay C. Lake, CPA (shell factories, 2018) | SEC | 2018-07-17 | — | settled |
| SEC v. Imran Husain, et al. (shell factories, 2017) | SEC | 2017-05-24 | — | filed |
| SEC v. Edward F. Panos, et al. (shell factories, 2016) | SEC | 2016-12-20 | — | judgment |
| SEC v. Imran Husain, et al. (paid stock promotion, 2016) | SEC | 2016-05-12 | — | unknown |