Market Manipulation. Search

SEC v. Investview, Inc. (unregistered distributions, 2025)

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 2025 the SEC settled an administrative order against Investview, Inc. for unregistered sales of over $21 million of interests in a bitcoin mining program, with a $375,000 civil penalty.

The record

Structured fields for this action, as recorded in our case library.
Agency SEC
Release number 33-11355
Date filed 2025-01-17
Date resolved 2025-01-17
Status settled
Asset class crypto, equities
Criminal parallel No
Defendants Investview, Inc. (entity)
Cited as charged or alleged Securities Act s.5 (statutes and rules cited in the document; not a finding that they were violated)
Techniques Unregistered distributions

What was ordered

Civil penalty
$375k
Disgorgement
—
Prejudgment interest
—
Total relief
$375k
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 January 17, 2025 the SEC accepted a settlement with Investview, Inc. The order finds that between July 2019 and June 2020 it sold interests in a bitcoin mining program called Apex to more than 500 investors, over $21 million in all, with no registration statement and no exemption, in violation of Securities Act Sections 5(a) and 5(c). It imposes a $375,000 civil penalty.

The release number is 33-11355.

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.

Timeline

  1. 2025-01-17 Administrative proceeding instituted (cease-and-desist)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

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.

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

Action Agency Filed Technique Penalty Status
SEC v. Zachary Miller (unregistered distributions, 2026) SEC 2026-03-05 Unregistered Distributions — settled
SEC v. David Hudzik (unregistered distributions, 2025) SEC 2025-12-23 Unregistered Distributions $70k judgment
SEC v. Ongkaruck Sripetch and others (pump and dump, 2025) SEC 2025-06-20 Pump And Dump , Unregistered Distributions $204k judgment
SEC v. Peter Scalise III and The3rdBevco Inc. (unregistered distributions, 2025) SEC 2025-06-17 Unregistered Distributions $236k settled
SEC v. Tai Mo Shan Limited (unregistered distributions, 2024) SEC 2024-12-20 Unregistered Distributions $36.7m settled
SEC v. David C. Underwood (unregistered distributions, 2024) SEC 2024-12-09 Unregistered Distributions $50k settled

Record added September 10, 2026. submit a correction.