Unregistered distributions enforcement actions

This library records 157 enforcement actions tagged unregistered distributions. An unregistered distribution is selling securities to the public without registration or a valid exemption, which Securities Act Section 5 prohibits regardless of whether anyone was deceived or harmed.

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 unregistered distributions technique page.

Actions

100

Total penalties

$147m

Median penalty

$220k

Largest

$36.7m

Criminal parallel

18%