SEC v. Pamela S. Smith (2015)

Settled

✓ 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.

Report an error in this record (sec-pamela-s-smith-2015) by email

In 2015 the SEC settled an administrative proceeding against Pamela S. Smith, an insurance agent, imposing remedial sanctions based on a 2013 Virginia consent order.

The record

What was ordered

Civil penalty

—

Disgorgement

—

Prejudgment interest

—

Total relief

—

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

On July 30, 2015 the SEC accepted a settlement with Pamela S. Smith, who sold more than $1.6 million of charitable gift annuities issued by 54Freedom Foundation while not registered as a broker. The order follows a November 2013 Virginia State Corporation Commission consent order that enjoined her under the Virginia Securities Act, imposed a $10,000 penalty and alleged she sold unregistered securities and made untrue statements.

The unregistered-sale allegation is in the state order; the SEC order finds no Section 5 violation, so the record carries no technique tag.

This library does not assign a technique tag to the matter, because no technique page in the current taxonomy describes the conduct the document records.

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

1. 2015-07-30 Administrative proceeding instituted (findings)

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.

Record added September 10, 2026. submit a correction.