SEC v. David Michael Burke (2017)

Settled

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In 2017 the SEC settled an administrative proceeding against David Michael Burke, a former registered representative, imposing remedial sanctions based on a 2015 South Carolina cease-and-desist order and permanent state bar.

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

On May 2, 2017 the SEC accepted a settlement with David Michael Burke, a former registered representative who also controlled Komak Investments, LLC. The order is a follow-on to a September 2015 South Carolina Securities Commission order, which found that in 2013 and 2014 he offered unregistered investment contracts under state law and misled an investor with fabricated trading reports, and to a December 2015 consent order that barred him in that state.

The $5,000 civil penalty the record previously showed was the penalty the South Carolina order imposed on Burke and Komak, not an SEC penalty. The SEC order finds no Section 5 violation, so the record carries no technique tag and no penalty.

This library does not assign a technique tag to the matter, because no technique page in the current taxonomy describes the conduct the document records.

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

1. 2017-05-02 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.