SEC v. Nicolas Arkells (unregistered distributions, 2022)

Judgment entered

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In August 2022 the SEC sued Nicolas Arkells over alleged unregistered distributions of securities. On November 22, 2024 the Central District of California granted the SEC's motion for monetary remedies and entered final judgment, with disgorgement of $66,205 and prejudgment interest of $19,838.65. No civil penalty appears in the judgment.

The record

What was ordered

Civil penalty

—

Disgorgement

$66.2k

Prejudgment interest

$19.8k

Total relief

$86k

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 August 24, 2022 as release LR-25481. The respondents named are Nicolas Arkells (1 individual, 0 entities). The action was brought in the U.S. District Court, Central District of California.

This library tags the matter as unregistered distributions, 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.

Outcome. The final judgment (C.D. Cal. No. 2:22-cv-05991, docket entry 46, November 22, 2024) was entered after the court granted the SEC's motion for monetary remedies. It permanently enjoins Arkells under the antifraud and broker-registration provisions and, as the pages I read show, orders disgorgement of $66,205 and prejudgment interest of $19,838.65, a total of $86,043.65. I did not find a civil penalty or an officer-and-director bar in the portions read, and the document does not say whether the earlier liability phase was by consent. The underlying allegations are the SEC's; the judgment is the operative outcome.

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.

• Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2022-08-24 Litigation release published
2. 2024-11-22 Final judgment entered (disgorgement $66,205, prejudgment interest $19,838.65)

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
• Final judgment as to Nicolas Arkells (C.D. Cal.)

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.

Related actions

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

Record added September 10, 2026. submit a correction.