Unregistered distributions enforcement actions

This library records 136 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

$67.7m

Median penalty

$285k

Largest

$37.5m

Criminal parallel

10%