SEC v. Carla Lea Chastain (2023)

Settled

Checked against the primary document on October 3, 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 2023, the Securities and Exchange Commission settled an action with Carla Lea Chastain, over an associational bar following a prior state securities finding.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	IA-6379
Date filed	2023-08-18
Date resolved	2023-08-18
Status	settled
Asset class	bonds
Criminal parallel	No
Bars imposed	registration bar
Defendants	Carla Lea Chastain (individual)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —

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 18, 2023 as release IA-6379. The respondents named are Carla Lea Chastain (1 individual, 0 entities).

This order bars Chastain based on an 18-year-old Arkansas Securities Department finding that included "suitability and churning violations," but that finding is not restated as a finding of this order, which is a follow-on bar rather than a new determination of Chastain's conduct. This library does not tag the matter with any technique.

The conduct is recorded against bonds.

Non-monetary relief recorded: registration bar.

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.

Timeline

2023-08-18 Administrative proceeding instituted (findings)

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 order

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.

Record added September 10, 2026. submit a correction.