SEC v. David Hudzik (unregistered distributions, 2025)

Judgment entered

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In 2025 a federal court entered a consent judgment against David Hudzik, an unregistered broker accused of selling unregistered Native American Energy Group shares, with $70,000 disgorgement, $17,472 interest and a $70,000 penalty.

The record

What was ordered

Civil penalty

$70k

Disgorgement

$70k

Prejudgment interest

$17.5k

Total relief

$157k

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

On December 11, 2025 the Eastern District of New York entered a consent judgment against David Hudzik in the SEC's case against Native American Energy Group, Inc. and others, announced December 23, 2025. The June 2023 complaint alleged he acted as an unregistered broker, sold unregistered shares and misstated his commission. Without admitting or denying, he agreed to $70,000 in disgorgement, $17,472.10 in interest and a $70,000 civil penalty. The record previously omitted the interest.

This library tags the matter as unregistered distributions, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

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. 2025-12-23 Litigation release published

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

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. submit a correction.