Home / Cases / Undisclosed control blocks Undisclosed control blocks enforcement actions This library records 59 enforcement actions tagged undisclosed control blocks. An undisclosed control block is a controlling shareholding held through nominees and offshore entities so that no individual holding crosses a reporting threshold, leaving the market with a false picture of who controls the company.
Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the undisclosed control blocks technique page.
Actions 59
Total penalties $1.3m
Median penalty $50k
Largest $490k
Criminal parallel 19% Action Agency Filed Penalty Status SEC v. Airborne Wireless Network and others (pump and dump, 2025) SEC 2025-02-07 — judgment SEC v. Wells Real Estate Investment, LLC, Janalie C. Joseph a/k/a Janalie C. Bingham, and Jean Joseph, et al. (ponzi schemes, 2024) SEC 2024-08-20 — unknown SEC v. Damon R. Durante (undisclosed control blocks, 2023) SEC 2023-06-30 — unknown SEC v. William Andrew Stack, Esq. (undisclosed control blocks, 2023) SEC 2023-03-31 $333k judgment SEC v. John W. Pauciulo, Esq. (undisclosed control blocks, 2022) SEC 2022-07-07 $490k settled SEC v. Jillian Sidoti (undisclosed control blocks, 2022) SEC 2022-05-17 $22k judgment SEC v. TKO Farms, Inc., et al. (undisclosed control blocks, 2022) SEC 2022-05-09 — filed SEC v. Domenic Calabrigo et al. (pump and dump, 2022) SEC 2022-04-19 — filed SEC v. Dean Shah et al. (paid stock promotion, 2022) SEC 2022-04-15 — filed SEC v. LFS Funding Limited Partnership, et al. (undisclosed control blocks, 2021) SEC 2021-05-20 — settled SEC v. William Andrew Stack, Esq. (undisclosed control blocks, 2021) SEC 2021-01-21 — filed SEC v. Jillian Sidoti (undisclosed control blocks, 2020) SEC 2020-10-19 — filed SEC v. Henry Sargent et al. (undisclosed control blocks, 2020) SEC 2020-09-16 — judgment OSC v. Matthew John Hamilton (undisclosed control blocks, 2020) OSC 2020-01-31 — dismissed SEC v. Benjamin L. Bunker, Esq. (pump and dump, 2020) SEC 2020-01-23 — unknown SEC v. Ulrik Debo (custodianship shell hijacking, 2020) SEC 2020-01-03 — filed SEC v. Richard Eden, et al. and Dale Pearlman (undisclosed control blocks, 2019) SEC 2019-11-04 $125k settled SEC v. Eric J. "EJ" Dalius et al. (ponzi schemes, 2019) SEC 2019-10-15 — unknown SEC v. Chip Hackley (matched orders, 2019) SEC 2019-09-25 — unknown SEC v. George Matin (matched orders, 2019) SEC 2019-09-25 — settled SEC v. Harold Minsky (matched orders, 2019) SEC 2019-09-25 — settled SEC v. Henry Sargent et al. (undisclosed control blocks, 2019) SEC 2019-06-27 — filed SEC v. Philip Thomas Kueber (undisclosed control blocks, 2018) SEC 2018-10-26 — judgment SEC v. John Madsen, Andalusian Resorts and others (fake press releases, 2018) SEC 2018-10-23 — judgment SEC v. Delaney Equity Group LLC Delaney and others (reverse merger schemes, 2018) SEC 2018-08-29 $20k settled SEC v. Manhattan Transfer Registrar Company and John C. Ahearn (reverse merger schemes, 2018) SEC 2018-05-17 $50k settled SEC v. Analytica Bio-Energy Corp., et al., Marvin Winick (undisclosed control blocks, 2018) SEC 2018-02-28 — judgment SEC v. Andalusian Resorts and others (fake press releases, 2017) SEC 2017-10-30 — filed SEC v. Lek Securities Corp. et al. (layering, 2017) SEC 2017-08-29 — unknown SEC v. Joe Yiu Cheung ( and Dylon De Lu Zhang) (paid stock promotion, 2017) SEC 2017-08-02 $150k settled SEC v. Troy Joseph Flowers, et al. (undisclosed control blocks, 2017) SEC 2017-07-19 — filed SEC v. Andrew S. Keck (undisclosed control blocks, 2017) SEC 2017-06-29 — settled SEC v. Christopher A. Conley (undisclosed control blocks, 2017) SEC 2017-06-29 — settled SEC v. Marilyn Stark (undisclosed control blocks, 2017) SEC 2017-06-29 $10k settled SEC v. Matthew L. Egna (undisclosed control blocks, 2017) SEC 2017-06-29 $10k settled SEC v. Nigel G. Lindsay (undisclosed control blocks, 2017) SEC 2017-06-29 — settled SEC v. Sarah E. Keck (undisclosed control blocks, 2017) SEC 2017-06-29 — settled SEC v. Imran Husain, et al. (shell factories, 2017) SEC 2017-05-24 — filed SEC v. Emerald Isle Exploration, Ltd. and Samuell Eads and Lloyd C. Brewer (insider trading, 2017) SEC 2017-05-12 $10k settled SEC v. Rose and Sheldon MKJJ Consulting LLC (reverse merger schemes, 2017) SEC 2017-03-23 — settled SEC v. Infeed Medica Corp. (undisclosed control blocks, 2017) SEC 2017-03-23 — judgment SEC v. Edward F. Panos, et al. (shell factories, 2016) SEC 2016-12-20 — judgment SEC v. Bodden and Cliffe R. (undisclosed control blocks, 2016) SEC 2016-09-16 — judgment SEC v. Fusion Pharm, Inc. (undisclosed control blocks, 2016) SEC 2016-09-16 — judgment SEC v. Microcap Management LLC Bayside Realty Holdings LLC Meadpoint Venture Partners, LLC (undisclosed control blocks, 2016) SEC 2016-09-16 — judgment SEC v. Sears and William J. (undisclosed control blocks, 2016) SEC 2016-09-16 — judgment SEC v. Tod A. Ditommaso, Esq. (undisclosed control blocks, 2016) SEC 2016-09-16 — unknown SEC v. Scription Work Solutions, Inc. ( and others (undisclosed control blocks, 2016) SEC 2016-02-09 — judgment SEC v. First Xeris Corp. (undisclosed control blocks, 2015) SEC 2015-08-06 — settled SEC v. Peter Voutsas (reverse merger schemes, 2015) SEC 2015-06-30 $50k settled SEC v. Edward T. Farmer (undisclosed control blocks, 2015) SEC 2015-04-16 — settled SEC v. Kevin D. Miller (undisclosed control blocks, 2015) SEC 2015-04-16 — settled SEC v. Ronald A. Warren (undisclosed control blocks, 2015) SEC 2015-04-16 — settled SEC v. William J. Gaffney (undisclosed control blocks, 2015) SEC 2015-04-16 — settled SEC v. Diamond Lane, Inc. (undisclosed control blocks, 2014) SEC 2014-06-16 — unknown SEC v. ShopEye, Inc. and others (undisclosed control blocks, 2014) SEC 2014-06-16 — unknown SEC v. Sunchip Technology, Inc. (undisclosed control blocks, 2014) SEC 2014-06-16 — unknown SEC v. Empire Stock Transfer, Inc. and Patrick R. Mokros (undisclosed control blocks, 2014) SEC 2014-04-08 $50k settled SEC v. Matthew J. Blevins (undisclosed control blocks, 2014) SEC 2014-04-08 $25k settled