SEC v. Bruce Schoengood, Medifirst Solutions, Inc. and Joshua Tyrell (paid stock promotion, 2021)
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.
In February 2021 the SEC charged Bruce Schoengood, Medifirst Solutions and promoter Joshua Tyrell over a stock-compensation promotion scheme. Tyrell (June 2022) and Medifirst (September 2023) have final judgments, but the SEC said its case against Schoengood remained pending as of October 2023.
The record
| Agency | SEC |
|---|---|
| Release number | LR-25034 |
| Date filed | 2021-02-24 |
| Status | filed |
| Asset class | equities |
| Criminal parallel | Yes: charged (Bruce Schoengood), U.S. District Court, Eastern District of New York, 2021-02-23 |
| Bars imposed | officer-and-director bar, penny stock bar |
| Defendants | Bruce Schoengood, Medifirst Solutions, Inc. ; Joshua Tyrell |
| Cited as charged or alleged | Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.9(a)(2) ; Securities Act s.17(a) ; Securities Act s.5 |
| Techniques | Paid stock promotion |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
the Securities and Exchange Commission announced this matter on February 24, 2021 as release LR-25034. The respondents named are Bruce Schoengood, Medifirst Solutions, Inc. and Joshua Tyrell (1 individual, 1 entity).
This library tags the matter as paid stock promotion, 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.
The conduct is recorded against equities.
Non-monetary relief recorded: officer-and-director bar, penny stock bar.
The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.
Outcome so far. SEC release LR-25446 says that on 16 June 2022 the Eastern District of New York entered a final consent judgment against Tyrell with a penny stock bar, US$125,000 in disgorgement, US$26,883.95 in interest and a US$100,000 penalty. SEC release LR-25886 says that on 25 September 2023 the court entered a final judgment against Medifirst enjoining it from anti-fraud and registration violations. Both releases say the case against Schoengood, the lead defendant, remained pending.
Because the lead defendant had no outcome in the sources found, the record stays at filed and no money figures are entered for the matter as a whole. Checked on 2026-10-04: no outcome for Schoengood found on SEC litigation release pages.
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.
- Paid stock promotion — see how it works, what statute it engages, and every other action tagged the same way.
Timeline
- 2021-02-24 Litigation release published
- 2022-06-16 Final consent judgment against Joshua Tyrell (SEC LR-25446)
- 2023-09-25 Final judgment against Medifirst Solutions; case against Schoengood still pending (SEC LR-25886)
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 litigation release LR-25446 (Tyrell judgment)
- SEC litigation release LR-25886 (Medifirst judgment)
Same matter
The library links these 3 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.
| Date filed | Agency | Record | Status |
|---|---|---|---|
| 2021-02-24 | SEC | SEC v. Bruce Schoengood, Medifirst Solutions, Inc. and Joshua Tyrell (paid stock promotion, 2021) | Alleged — pending |
| 2022-07-18 | SEC | SEC v. Bruce Schoengood, Medifirst Solutions, Inc., and Joshua Tyrell (paid stock promotion, 2022) | Judgment entered |
| 2023-10-27 | SEC | SEC v. Bruce Schoengood, Medifirst Solutions, Inc., and Joshua Tyrell (unregistered distributions, 2023) | Judgment entered |
Related actions
Other actions in the library sharing at least one technique tag with this one.
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Brian Keasberry (paid stock promotion, 2026) | SEC | 2026-08-21 | Paid Stock Promotion | $37.5k | judgment |
| SEBI v. Anupam Narain Gupta and others (paid Telegram tips, Moksh Ornaments, 2026) | SEBI (India) | 2026-07-30 | Social Media Ramps , Paid Stock Promotion | — | judgment |
| SEBI v. Veerkrupa Jewellers Limited and others (SME IPO publicity and trading, 2026) | SEBI (India) | 2026-05-29 | Paid Stock Promotion , Social Media Ramps +1 | — | judgment |
| SEC v. Medallion Financial Corp., Andrew Murstein, Lawrence Meyers, and Ichabod’s Cranium, Inc. (paid stock promotion, 2025) | SEC | 2025-06-06 | Paid Stock Promotion | $4.1m | judgment |
| SEC v. John S. Clayton and others (insider trading, 2024) | SEC | 2024-12-11 | Insider Trading , Paid Stock Promotion | — | filed |
| SEC v. Ian Balina (paid stock promotion, 2024) | SEC | 2024-05-23 | Paid Stock Promotion | — | dismissed |