SEC v. Keith Houlihan (boiler rooms, 2018)
Judgment entered
Checked against the primary document on October 2, 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 2018, the Securities and Exchange Commission obtained a judgment against Keith Houlihan, alleging conduct this library classifies as boiler rooms. The release does not state a monetary figure that we were able to extract. A parallel criminal matter produced a custodial sentence of 111 months.
The record
| Agency | SEC |
|---|---|
| Release number | LR-24137 |
| Date filed | 2018-05-09 |
| Date resolved | 2018-05-09 |
| Status | judgment |
| Asset class | equities |
| Criminal parallel | Yes: sentenced (Keith Houlihan), U.S. District Court, Southern District of Florida |
| Sentence | 9y 3m |
| Bars imposed | officer-and-director bar, penny stock bar |
| Defendants | Keith Houlihan |
| Cited as charged or alleged | Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.13(a) ; Exchange Act s.15(a) ; Securities Act s.17(a) |
| Techniques | Boiler rooms |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
the Securities and Exchange Commission announced this matter on May 9, 2018 as release LR-24137. The respondents named are Keith Houlihan (1 individual, 0 entities).
This library tags the matter as boiler rooms, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.
The conduct is recorded against equities.
Non-monetary relief recorded: officer-and-director bar, penny stock bar.
A parallel criminal proceeding is referenced, with a custodial sentence of 111 months recorded. Criminal and civil outcomes are tracked separately throughout this site.
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.
- Boiler rooms — see how it works, what statute it engages, and every other action tagged the same way.
Timeline
- 2018-05-09 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.
Related actions
Other actions in the library sharing at least one technique tag with this one.
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Andrew Spaventa and others (boiler rooms, 2026) | SEC | 2026-08-17 | Boiler Rooms | — | filed |
| SEC v. Timothy Page, Trevor Page and others (boiler rooms, 2024) | SEC | 2024-11-20 | Boiler Rooms , Undisclosed Control Blocks | $7.7m | judgment |
| SEC v. Mario Gogliormella, Steven Lacaj, and Karim Ibrahim a/k/a/ Chris Hayes (boiler rooms, 2024) | SEC | 2024-06-12 | Boiler Rooms | — | filed |
| SEC v. Legend Venture Partners LLC (boiler rooms, 2023) | SEC | 2023-07-11 | Boiler Rooms | — | filed |
| SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023) | SEC | 2023-06-27 | Boiler Rooms | $25.8m | judgment |
| SEC v. Matthew Nicosia, William Reininger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2023) | SEC | 2023-04-10 | Boiler Rooms | $223k | judgment |