Regulation & Enforcement Tracker

98 actions match Clear

1. Oct 15, 2026IA-7027

   Michael D. Williams

   SEC administrative proceeding, founder and manager of CMI Capital, LLC, which acted as an investment adviser

   According to the SEC's order, Williams, through CMI Capital, raised at least $860,000 from at least 18 investors through misrepresentations and misappropriated fund assets for personal use; he consented to a permanent injunction in a related civil action.

   Barred from association with any investment adviser, broker, dealer, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization

   Settled without admitting or denyingFraud and misappropriationOfficial release

2. Oct 15, 202634-106673

   Raymond Lawrence Lent (dba The Putney Financial Group, Registered Investment Advisors)

   SEC administrative proceeding, Owner of sole-proprietorship registered investment adviser The Putney Financial Group and registered representative of its affiliated broker

   According to the SEC's order, Lent and his adviser Putney failed to fully and fairly disclose conflicts from revenue sharing and commissions received on advisory client investments, from April 2016 through October 2021.

   Injunctive relief; cease-and-desist order

   SettledFiduciary duty and conflictsOfficial release

3. Oct 14, 2026IA-7026

   Stephen Kenneth Leech II

   SEC administrative proceeding, former chief investment officer and portfolio manager at Western Asset Management Company, LLC, a registered investment adviser

   According to the SEC's order, Leech consented to a final judgment permanently enjoining him from violations of Advisers Act and securities antifraud provisions, after the SEC alleged a cherry-picking scheme allocating favorable trades to favored portfolios from January 2021 through October 2023.

   Barred from association with any investment adviser, broker, dealer, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization; permanent injunction by consent in related civil action

   Settled without admitting or denyingFraud and misappropriationOfficial release

4. Oct 13, 2026IA-7025

   David Kushner

   SEC administrative proceeding, investment adviser

   According to the SEC's order, Kushner consented to a partial judgment enjoining antifraud violations and pled guilty to New York grand larceny and scheme to defraud counts, leading to an associational bar.

   Associational bar

   SettledFraud and misappropriationOfficial release

5. Oct 13, 2026IA-7024

   Lawrence Billimek

   SEC administrative proceeding, Equity trader associated with a registered investment adviser

   According to the SEC's order, Billimek pleaded guilty to securities fraud for front-running his employer's trades and consented to a bar with reentry after ten years. Restitution is joint and several with a codefendant.

   Bar from association with any investment adviser, broker, dealer or other SEC-regulated entity, with right to apply for reentry after ten years; permanent injunction from future violations of Securities Act 17(a), Exchange Act 10(b) and Rule 10b-5, and Investment Company Act 17(j)

   Settled; admitted the findingsFraud and misappropriationOfficial release

6. Oct 9, 2026LR-26672

   William Sarris

   SEC civil action, former executive of Linqto, Inc.

   The SEC alleges Sarris misled investors on Linqto's platform about pricing, sold-out offerings, algorithmic pricing and legal compliance while Linqto's subsidiary sold over $430 million of pre-IPO special purpose vehicles.

   Injunctive relief; officer and director bar; civil penalties sought

   Contested; allegations not decidedFraud and misappropriationOfficial release

7. Oct 9, 2026LR-26672

   Joseph Endoso

   SEC civil action, former executive of Linqto, Inc.

   The SEC alleges Endoso misled investors on Linqto's platform about pricing, sold-out offerings, algorithmic pricing and legal compliance while Linqto's subsidiary sold over $430 million of pre-IPO special purpose vehicles.

   Injunctive relief; officer and director bar; civil penalties sought

   Contested; allegations not decidedFraud and misappropriationOfficial release

8. Oct 9, 2026LR-26671

   SQN Capital Management LLC

   SEC civil action, registered investment adviser

   The SEC alleges that from at least 2019 through 2025 SQN Capital breached fiduciary duties to four funds it managed by failing to follow fund documents and inflating net asset values; the firm consented to final judgment without admitting or denying the allegations.

   Permanent injunction; receiver appointed to liquidate fund assets and distribute net proceeds to investors

   Settled without admitting or denyingFraud and misappropriationOfficial release

9. Oct 9, 2026LR-26671

   Jeremiah Silkowski

   SEC civil action, President, Chief Executive Officer, Chief Compliance Officer and majority owner of SQN Capital Management LLC

   The SEC alleges that Silkowski inflated fund net asset values, had valuations prepared by himself rather than an independent expert, and misled investors about liquidation efforts; he consented to final judgment without admitting or denying the allegations.

   $200,000 penalty

   Permanent injunction; civil money penalty; permanent bar from acting as or associating with an investment adviser, broker or dealer, except as necessary to assist the court-appointed receiver

   Settled without admitting or denyingFraud and misappropriationOfficial release

10. Oct 9, 202634-106641

    Jefferies LLC

    SEC administrative proceeding, registered broker dealer

    According to the SEC's order, from July 2018 through July 2024 Jefferies made at least 7,700 blue sheet submissions with inaccurate or missing information, misreporting data for at least 1.2 million transactions.

    $650,000 penalty

    Censure; cease-and-desist

    Settled; admitted the findingsRecordkeeping and communicationsOfficial release

11. Oct 8, 2026LR-26669

    Darren J. Caris

    SEC civil action, investment adviser (Encinitas, California), principal of Caris Investment Partners, Inc.

    The SEC alleges Caris cherry-picked trades from a block trading account from December 2023 to April 2024, allocating profitable trades to his personal account and unprofitable trades to some clients, and made false and misleading statements to clients.

    Permanent injunctions sought; disgorgement with prejudgment interest sought; civil penalties sought

    Contested; allegations not decidedFraud and misappropriationOfficial release

12. Oct 8, 2026LR-26669

    Caris Investment Partners, Inc.

    SEC civil action, registered investment adviser firm based in Encinitas, California

    The SEC alleges the firm, through Caris, engaged in a cherry-picking scheme and made false and misleading statements to clients and prospective clients about trade allocation, conflicts of interest and its move to a new custodian.

    Permanent injunctions sought; disgorgement with prejudgment interest sought; civil penalties sought

    Contested; allegations not decidedFraud and misappropriationOfficial release

13. Oct 6, 2026LR-26666

    Stephen Kenneth Leech

    SEC civil action, Former co-chief investment officer of registered investment adviser Western Asset Management Company LLC

    The SEC alleges that from January 2021 through October 2023 Leech delayed trade allocations until after futures settlement prices were set, allocating first-day gains to favored portfolios and losses to disfavored ones. Without admitting or denying the allegations, he consented to a final judgment subject to court approval.

    $3,000,000 penalty

    Officer-and-director bar; permanent injunction; associational bar agreed (forthcoming)

    Settled without admitting or denyingFraud and misappropriationOfficial release

14. Oct 6, 2026LR-26666

    Western Asset Management Company LLC

    SEC administrative proceeding, Registered investment adviser

    According to the SEC's release, the Commission instituted settled proceedings in June 2026 against Western Asset over a multi-year cherry-picking allocation scheme, ordering a $100 million civil penalty and a Fair Fund.

    $100,000,000 penalty

    Fair Fund to distribute money to affected investors in disfavored portfolios

    SettledOtherOfficial release

15. Oct 2, 2026IA-7021

    CityVest Capital Inc.

    SEC administrative proceeding, investment adviser

    According to the SEC's order, CityVest failed to disclose conflicts of interest from undisclosed loans of $425,000 borrowed from three access funds it managed, in willful violation of Section 206(2) of the Advisers Act.

    $10,000 penalty

    Cease-and-desist; censure

    Settled without admitting or denyingFiduciary duty and conflictsOfficial release

16. Oct 2, 2026IA-7021

    CV Manager LLC

    SEC administrative proceeding, investment adviser

    According to the SEC's order, CV Manager participated in undisclosed loans from three access funds it managed, failing to disclose resulting conflicts, in willful violation of Section 206(2) of the Advisers Act.

    Cease-and-desist; censure

    Settled without admitting or denyingFiduciary duty and conflictsOfficial release

17. Oct 2, 2026IA-7021

    Alan P. Donenfeld

    SEC administrative proceeding, part-owner and sole operator of CityVest and CV Manager

    According to the SEC's order, Donenfeld caused CityVest to take loans from access funds without full and fair disclosure to the funds or their investors, in willful violation of Section 206(2) of the Advisers Act.

    $10,000 penalty

    Cease-and-desist; censure

    Settled without admitting or denyingFiduciary duty and conflictsOfficial release

18. Oct 2, 202634-106569

    JPMorgan Chase Bank, N.A.

    SEC administrative proceeding, registered security-based swap dealer

    According to the SEC's order, J.P. Morgan permitted a statutorily disqualified person to effect or be involved in at least 800 security-based swap transactions from November 2021 to March 2024, and lacked a reasonably designed supervisory system to prevent it.

    Censure; cease-and-desist

    Settled without admitting or denyingRegistration and reportingOfficial release

19. Oct 2, 202634-106569

    J.P. Morgan Securities LLC

    SEC administrative proceeding, registered security-based swap dealer

    According to the SEC's order, J.P. Morgan permitted a statutorily disqualified person to effect or be involved in at least 800 security-based swap transactions from November 2021 to March 2024, and lacked a reasonably designed supervisory system to prevent it.

    Censure; cease-and-desist

    Settled without admitting or denyingRegistration and reportingOfficial release

20. Sep 30, 2026LR-26660

    Michael Noble

    SEC civil action

    According to the SEC's complaint, Noble promoted BitConnect and sold securities in its lending program without registering the offering or registering as a broker-dealer; a final judgment was entered July 17, 2026.

    $50,000 penalty

    Permanent injunctions; conduct-based injunctions

    SettledRegistration and reportingOfficial release

21. Sep 30, 2026LR-26660

    Craig Grant

    SEC civil action

    The SEC alleges Grant promoted BitConnect's lending program and sold its securities without registering the offering or registering as a broker-dealer; a default final judgment was entered August 7, 2026.

    $230,480 penalty

    Permanent injunctions; conduct-based injunctions

    Default judgmentRegistration and reportingOfficial release

22. Sep 30, 2026LR-26660

    Trevon Brown

    SEC civil action

    According to the SEC's complaint, Brown promoted BitConnect's lending program and sold its securities without registration or broker-dealer registration; a final judgment on consent was entered September 9, 2026.

    $75,000 penalty

    Permanent injunctions

    SettledRegistration and reportingOfficial release

23. Sep 30, 2026LR-26659

    Meyer Global Management LLC

    SEC civil action, private fund adviser

    The SEC alleges that MGM violated its fiduciary duties by misusing client fund assets and misled investors in funds holding SpaceX and other pre-IPO securities, in violation of Advisers Act antifraud provisions.

    Permanent injunctive relief; disgorgement with prejudgment interest; civil penalties

    Contested; allegations not decidedFraud and misappropriationOfficial release

24. Sep 30, 2026LR-26659

    Owen E.H. Meyer

    SEC civil action, CEO of private fund adviser Meyer Global Management LLC

    The SEC alleges that Meyer, CEO of MGM, misappropriated fund assets for personal expenses and concealed losses by sending inflated account statements to investors, in violation of Advisers Act antifraud provisions.

    Permanent injunctive relief; disgorgement with prejudgment interest; civil penalties; conduct-based injunction

    Contested; allegations not decidedFraud and misappropriationOfficial release

25. Sep 30, 202634-106553

    Trevon Brown

    SEC administrative proceeding

    According to the SEC's order, Brown allegedly offered unregistered BitConnect lending investments and received transaction-based compensation while not registered as a broker-dealer; a consent judgment enjoined future violations.

    Suspended from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or NRSRO for 12 months

    Settled without admitting or denyingRegistration and reportingOfficial release

26. Sep 30, 2026LR-26658

    Christopher Kenji Dinelli a/k/a Kenji Dinelli

    SEC civil action, Alleged operator of the Beyond Alpha Ventures LLC fund and the Beyond Equity LLC advisory firm

    The SEC alleges Dinelli orchestrated a scheme that raised over $8.7 million from 35 investors through Beyond Alpha Ventures and Beyond Equity, and misappropriated over $1 million.

    Contested; allegations not decidedFraud and misappropriationOfficial release

27. Sep 30, 2026LR-26658

    Jacob David Frankel a/k/a Kobi Frankel

    SEC civil action, Alleged participant in the Beyond Alpha Ventures LLC fund and Beyond Equity LLC advisory firm, charged under the Investment Advisers Act of 1940

    The SEC alleges Frankel helped orchestrate a scheme that raised over $8.7 million from 35 investors through Beyond Alpha Ventures and Beyond Equity, and misappropriated over $340,000.

    Contested; allegations not decidedFraud and misappropriationOfficial release

28. Sep 30, 202634-106544

    Anthony Tyler Williams

    SEC administrative proceeding, Co-owner and operator of KOT4X, an unregistered entity that held itself out as an online broker

    According to the SEC's order, Williams solicited U.S. retail investors to trade stock-based CFDs, security-based swaps, through KOT4X without registering as a broker-dealer, in willful violation of Exchange Act Section 15(a)(1).

    Cease-and-desist; bar from association with any broker, dealer, investment adviser or other regulated firm with right to reapply after two years; civil money penalty

    Settled without admitting or denyingRegistration and reportingOfficial release

29. Sep 30, 202634-106543

    Michael Talento

    SEC administrative proceeding, Co-owner and operator of Prosperity LLC, an unregistered online broker; never registered with the Commission in any capacity

    According to the SEC's order, Talento willfully violated Section 15(a)(1) of the Exchange Act by effecting and inducing transactions in stock-based security-based swaps (CFDs) through unregistered broker Prosperity, without admitting or denying the findings.

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or NRSRO with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

30. Sep 30, 202634-106542

    Michael Levi Peters

    SEC administrative proceeding, Co-owner and operator of Prosperity, an unregistered online broker; never registered with the Commission in any capacity

    According to the SEC's order, Peters acted as an unregistered broker by effecting and inducing transactions in stock-based CFDs, which were security-based swaps, for others in violation of Exchange Act Section 15(a)(1).

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

31. Sep 30, 202634-106541

    Lewis Neal

    SEC administrative proceeding, Co-owner and operator of FxSway LLC, an unregistered entity that held itself out as a broker offering CFDs; never registered with the Commission in any capacity

    According to the SEC's order, Neal willfully violated Section 15(a)(1) of the Exchange Act by effecting transactions in and inducing security-based swap purchases and sales for others while unregistered as a broker-dealer.

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or NRSRO with right to reapply after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

32. Sep 30, 202634-106540

    Jordan Morgan

    SEC administrative proceeding, Unregistered co-owner and operator of Prosperity LLC, an unregistered online broker

    According to the SEC's order, Morgan willfully violated Section 15(a)(1) of the Exchange Act by effecting and inducing transactions in security-based swaps (stock-based CFDs) for customers without registering as a broker-dealer, from 2020 to 2023.

    Cease-and-desist order; barred from association with any broker, dealer, investment adviser or other SEC-regulated entity, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

33. Sep 30, 202634-106539

    Tyler MacKechnie

    SEC administrative proceeding, Owner and operator of unregistered online broker Envi LLC; never registered with the Commission

    According to the SEC's order, MacKechnie, without admitting the findings, consented to sanctions for operating unregistered broker Envi, which offered stock-based CFDs to U.S. retail investors without registration.

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to reapply after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

34. Sep 30, 202634-106538

    Quillan Black

    SEC administrative proceeding, unregistered broker

    According to the SEC's order, Black co-owned and operated an unregistered broker at www.kot4x.com that facilitated security-based swaps offered to U.S. retail investors, in violation of Section 15(a)(1).

    $125,000 penalty

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

35. Sep 30, 202634-106538

    Tyler MacKechnie

    SEC administrative proceeding, unregistered broker

    According to the SEC's order, MacKechnie owned and operated an unregistered broker at www.envifx.com that facilitated security-based swaps offered to U.S. retail investors, in violation of Section 15(a)(1).

    $85,000 penalty

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

36. Sep 30, 202634-106538

    Jordan Morgan

    SEC administrative proceeding, unregistered broker

    According to the SEC's order, Morgan co-owned and operated an unregistered broker at www.prosperity4x.com that facilitated security-based swaps offered to U.S. retail investors, in violation of Section 15(a)(1).

    $65,000 penalty

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

37. Sep 30, 202634-106538

    Lewis Neal

    SEC administrative proceeding, unregistered broker

    According to the SEC's order, Neal co-owned and operated an unregistered broker at www.fxsway.com that facilitated security-based swaps offered to U.S. retail investors, in violation of Section 15(a)(1).

    $60,000 penalty

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

38. Sep 30, 202634-106538

    Michael Levi Peters

    SEC administrative proceeding, unregistered broker

    According to the SEC's order, Peters co-owned and operated an unregistered broker at www.prosperity4x.com that facilitated security-based swaps offered to U.S. retail investors, in violation of Section 15(a)(1).

    $65,000 penalty

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

39. Sep 30, 202634-106538

    Michael Talento

    SEC administrative proceeding, unregistered broker

    According to the SEC's order, Talento co-owned and operated an unregistered broker at www.prosperity4x.com that facilitated security-based swaps offered to U.S. retail investors, in violation of Section 15(a)(1).

    $65,000 penalty

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release

40. Sep 30, 202634-106538

    Anthony Tyler Williams

    SEC administrative proceeding, unregistered broker

    According to the SEC's order, Williams co-owned and operated an unregistered broker at www.kot4x.com that facilitated security-based swaps offered to U.S. retail investors, in violation of Section 15(a)(1).

    $125,000 penalty

    Cease-and-desist; barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO, with right to apply for reentry after two years

    Settled without admitting or denyingRegistration and reportingOfficial release