Market Manipulation. Search

Unregistered distributions enforcement actions

This library records 136 enforcement actions tagged unregistered distributions. An unregistered distribution is selling securities to the public without registration or a valid exemption, which Securities Act Section 5 prohibits regardless of whether anyone was deceived or harmed.

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 unregistered distributions technique page.

Actions
36
Total penalties
$2.1m
Median penalty
$50k
Largest
$1.5m
Criminal parallel
11%
Action Agency Filed Penalty Status
SEC v. David Michael Burke (undisclosed control blocks, 2017) SEC 2017-05-02 settled
SEC v. Kent P. Watts, et al. (unregistered distributions, 2017) SEC 2017-04-21 filed
SEC v. Galena Biopharma, Inc. and Mark J. Ahn (paid stock promotion, 2017) SEC 2017-04-10 settled
SEC v. Arcturus Corporation, et al. (unregistered distributions, 2017) SEC 2017-03-03 judgment
SEC v. William G. Goode (unregistered distributions, 2017) SEC 2017-02-09 judgment
SEC v. Olde Monmouth Stock Transfer Co., Inc. and Matthew J. Troster (reverse merger schemes, 2017) SEC 2017-02-07 $100k judgment
SEC v. George N. Krinos (unregistered distributions, 2017) SEC 2017-01-23 filed
SEC v. Robin G. Charlet, Steven W. Sparks, Gregory J. Tuthill and Kirk D. Porter (unregistered distributions, 2017) SEC 2017-01-13 $25k judgment
SEC v. Empire Stock Transfer, Inc. and Matthew J. Blevins (paid stock promotion, 2016) SEC 2016-12-16 $50k settled
SEC v. Dennis Ira Ringer (unregistered distributions, 2016) SEC 2016-11-23 $25k settled
SEC v. Curt Kramer and Hope Capital, Inc. (unregistered distributions, 2016) SEC 2016-10-27 settled
SEC v. Tod A. Ditommaso, Esq. (undisclosed control blocks, 2016) SEC 2016-09-16 unknown
SEC v. Toni Tong Chen, CPA (unregistered distributions, 2016) SEC 2016-07-08 judgment
SEC v. StratoComm Corporation, et al. (unregistered distributions, 2016) SEC 2016-06-17 appealed
SEC v. Providence Financial Investments, Inc., Providence Fixed Income Fund, LLC, Jeffory Churchfield, and Jack Jarrell (unregistered distributions, 2016) SEC 2016-06-13 judgment
SEC v. Arcturus Corporation, et al. (unregistered distributions, 2016) SEC 2016-03-24 unknown
SEC v. IBC Funds, LLC (unregistered distributions, 2016) SEC 2016-02-19 settled
SEC v. Diane D. Dalmy, Esq. (reverse merger schemes, 2015) SEC 2015-12-22 filed
SEC v. Abraxas J. Discala, Marc E. Wexler, Matthew A. Bell, Craig L. Josephberg, and Ira Shapiro (reverse merger schemes, 2015) SEC 2015-11-04 judgment
SEC v. Allen Ross Smith (unregistered distributions, 2015) SEC 2015-10-08 $43.3k judgment
SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015) SEC 2015-10-01 unknown
SEC v. iShopNoMarkup.com, Inc. (unregistered distributions, 2015) SEC 2015-09-25 $330k judgment
SEC v. Timothy M. Roberts, Terrance F. Taylor, and Craig Constantinou (unregistered distributions, 2015) SEC 2015-09-09 filed
SEC v. Ditto Holdings, Inc. (Now Known as Sovestech and Inc.) (unregistered distributions, 2015) SEC 2015-09-08 settled
SEC v. Marc S. Mandel (unregistered distributions, 2015) SEC 2015-09-08 settled
SEC v. Pamela S. Smith (unregistered distributions, 2015) SEC 2015-07-30 settled
SEC v. Timothy Patterson (unregistered distributions, 2015) SEC 2015-07-30 settled
SEC v. Stephen M. Coleman (unregistered distributions, 2015) SEC 2015-07-29 settled
SEC v. Spectrum Concepts, LLC Worswick and others (unregistered distributions, 2015) SEC 2015-06-11 settled
SEC v. Tracy Morgan Spaeth (unregistered distributions, 2015) SEC 2015-04-23 settled
SEC v. Joseph John Labadia (undisclosed control blocks, 2015) SEC 2015-04-17 settled
SEC v. Team Resources, Inc., et al. (unregistered distributions, 2015) SEC 2015-04-06 settled
SEC v. Mark A. Lefkowitz, et al. (unregistered distributions, 2015) SEC 2015-02-24 judgment
SEC v. Caledonian Bank Ltd., et al. (unregistered distributions, 2015) SEC 2015-02-11 filed
SEC v. International Capital Group, LLC (reverse merger schemes, 2015) SEC 2015-01-29 $1.5m settled
SEC v. Oppenheimer & Co. Inc. (pump and dump, 2015) SEC 2015-01-27 filed