SEC v. Olde Monmouth Stock Transfer Co., Inc. and Matthew J. Troster (reverse merger schemes, 2017)

Judgment entered

Machine-extracted, pending human review. The structured fields on this page were parsed automatically from the regulator's own release, linked below. Read the primary document before relying on any figure here, and tell us if something is wrong.

In 2017, the Securities and Exchange Commission obtained a judgment against Olde Monmouth Stock Transfer Co., Inc. and Matthew J. Troster, alleging conduct this library classifies as reverse merger schemes and unregistered distributions. The release records a civil penalty of $100,000, disgorgement of $22,140.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	3-17827
Date filed	2017-02-07
Date resolved	2017-02-07
Status	judgment
Asset class	equities
Venue	OTC
Criminal parallel	No
Defendants	Olde Monmouth Stock Transfer Co., Inc. and Matthew J. Troster (entity)
Techniques	Reverse merger schemes , Unregistered distributions

What was ordered

Civil penalty: $100k
Disgorgement: $22.1k
Prejudgment interest: —
Total relief: $122k
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 February 7, 2017 as release 3-17827. The respondents named are Olde Monmouth Stock Transfer Co., Inc. and Matthew J. Troster (0 individuals, 1 entity).

This library tags the matter as reverse merger schemes and 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, with OTC identified in the release.

The relief recorded in our data is a civil monetary penalty of $100,000, disgorgement of $22,140. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.

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 2 techniques 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.

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

Timeline

2017-02-07 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.

SEC order

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. Darren L. Ofsink (reverse merger schemes, 2023)	SEC	2023-04-04	Reverse Merger Schemes , Unregistered Distributions	—	judgment
SEC v. Charles Parkinson Lloyd (reverse merger schemes, 2021)	SEC	2021-09-15	Reverse Merger Schemes , Unregistered Distributions	—	settled
SEC v. S. Paul Kelley, et al. (reverse merger schemes, 2019)	SEC	2019-12-20	Reverse Merger Schemes , Unregistered Distributions	—	unknown
SEC v. Diane D. Dalmy, Esq. (reverse merger schemes, 2015)	SEC	2015-12-22	Reverse Merger Schemes , Unregistered Distributions	—	filed
SEC v. Abraxas J. Discala, Marc E. Wexler, Matthew A. Bell, Craig L. Josephberg, and Ira Shapiro (reverse merger schemes, 2015)	SEC	2015-11-04	Reverse Merger Schemes , Unregistered Distributions	—	judgment
SEC v. International Capital Group, LLC (reverse merger schemes, 2015)	SEC	2015-01-29	Reverse Merger Schemes , Unregistered Distributions	$1.5m	settled

Record added September 8, 2026. submit a correction.