SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2020)

Settled

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In December 2020 the SEC charged Mark Lisser with running Knightsbridge Capital boiler rooms that sold supposed pre-IPO shares. On 7 October 2022 the Eastern District of New York entered a consent judgment with US$890,092.90 in disgorgement and US$71,347.20 in interest, treated as satisfied by a criminal restitution order; he had been sentenced to 24 months in prison.

The record

What was ordered

Civil penalty

—

Disgorgement

$890k

Prejudgment interest

$71.3k

Total relief

$961k

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

the Securities and Exchange Commission announced this matter on December 1, 2020 as release LR-24972. The respondents named are Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (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.

The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

Outcome. SEC release LR-25566 says the court entered a final consent judgment on 7 October 2022 enjoining Lisser from violating Section 17(a), Section 10(b) and Rule 10b-5, and ordering US$890,092.90 in disgorgement and US$71,347.20 in prejudgment interest. That total of US$961,440.10 is deemed satisfied by the restitution order in his criminal case, where the release says he pleaded guilty on 12 May 2021 and on 25 July 2022 was sentenced to 24 months in prison and US$1,486,772.02 in restitution. On 15 September 2022 he also consented to an SEC order barring him from association with regulated firms and from penny stock offerings.

The release lists no civil penalty. The complaint's description of the boiler-room scheme remained an allegation in the civil case, which ended by consent.

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

1. 2020-12-01 Litigation release published
2. 2022-07-25 Sentenced in the parallel criminal case to 24 months in prison (as reported in SEC LR-25566)
3. 2022-09-15 Consents to SEC order barring association and penny stock participation (as reported in SEC LR-25566)
4. 2022-10-07 Final consent judgment entered (SEC LR-25566, published 27 October 2022)

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
• SEC litigation release LR-25566 (final judgment)

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.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

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

Record added September 10, 2026. submit a correction.