SEC v. John W.R. Miller (2016)
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.
In August 2016 the SEC settled administrative proceedings against John W.R. Miller, founder and chief executive of GeNOsys, finding he mishandled investor funds, left the company's periodic filings unmade and signed false Forms 8-K about directors' resignations. He agreed to a $50,000 penalty and bars.
The record
| Agency | SEC |
|---|---|
| Release number | 34-78623 |
| Date filed | 2016-08-22 |
| Date resolved | 2016-08-22 |
| Status | settled |
| Asset class | equities |
| Venue | OTC |
| Criminal parallel | No |
| Bars imposed | officer-and-director bar, penny stock bar |
| Defendants | John W.R. Miller |
| Cited as charged or alleged | Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.13(a) |
| Techniques |
What was ordered
- Civil penalty
- $50k
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- $50k
- Alleged gain
- —
What is alleged to have happened
The Securities and Exchange Commission instituted and settled this proceeding on August 22, 2016 (Exchange Act release 78623), without admission or denial by Miller.
The order finds that GeNOsys stopped making periodic filings in November 2011, that Miller personally took in investors' money and offset it against what the company owed him without proper accounting, and that in 2013 he signed three Forms 8-K saying departing directors had no disagreements with the company, which he knew was false. GeNOsys had gone public through a 2005 reverse merger, which is only background, so the reverse-merger tag is removed.
Miller was ordered to cease and desist from Sections 10(b) and 13(a) and related rules, barred from serving as an officer or director of a public reporting company and from penny-stock offerings, and ordered to pay a $50,000 civil penalty.
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
Primary documents
Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.