SEC v. Alexander Charles White and Paul Douglas Vandivier (unregistered distributions, 2018)

Alleged — pending

These are allegations. SEC has filed an action; nothing in it has been proven, and the respondents have not been found liable. Everything described on this page is what the regulator alleges, not what a court has found. See our editorial policy.

✓ Checked against the primary document on October 4, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In August 2018 the SEC filed a complaint against sales agents Alexander Charles White and Paul Douglas Vandivier over unregistered brokering and sales of unregistered oil and gas investments. Vandivier consented to an injunction in June 2019 and an SEC bar in July 2019; no outcome for White was found, so the record stays at filed.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 August 13, 2018 as release LR-24234. The respondents named are Alexander Charles White and Paul Douglas Vandivier (2 individuals, 0 entities). The action was brought in the U.S. District Court, Southern District of Florida.

This library tags the matter as unregistered distributions, 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.

An SEC administrative order of July 2019 shows a partial outcome. On 28 June 2019 the Southern District of Florida entered a judgment of permanent injunction by consent against Vandivier, who the order says had managed a sales team and earned about $891,000 in commissions, and the Commission barred him from the securities industry and penny stock offerings by consent. No civil money amount is stated in the order. We checked the SEC's litigation releases and administrative proceedings on 2026-10-04 and found no outcome for White, so the status stays filed.

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.

• Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2018-08-13 Litigation release published
2. 2019-06-28 Consent judgment of permanent injunction against Vandivier (SEC bar order follows 9 July 2019)

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
• SEC administrative order against Paul Vandivier

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.

Related actions

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

Record added September 10, 2026. If this matter has since resolved, been withdrawn or been dismissed, we want to know: submit a correction.