ALJ Initial Decisions

Between January 31, 2026, and February 3, 2026, the Commission experienced a lapse in appropriations. In light of the lapse, the Commission issued an order staying certain administrative proceedings. On February 4, 2026, the Commission issued an order lifting the stay and extending dates in the proceedings previously subject to the stay.

Administrative Law Judges issued the following Initial Decisions pursuant to 5 U.S.C § 557 and 17 C.F.R. § 201.360(a).

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Date Sort descending	Respondents
Dec. 17, 2004	Agra-Tech, Incorporated, Consolidated Oil & Gas, Inc., Kilimanjaro Group.Com Inc., New Hampshire Industrials, Inc., Oyster Creek Group Inc., Savannah River Group, Inc., 2ksounds Corporation, Xunantunich, Inc. Lillian A. McEwen, Administrative Law Judge Release No. 268 See Also: Administrative Law Judge File No. 3-11690 PDF version , Finality Order File Number: 3-11690
Dec. 15, 2004	Joseph L. Lents Carol Fox Foelak, Administrative Law Judge Release No. 267 See Also: Administrative Law Judge File No. 3-11693 PDF version , Finality Order File Number: 3-11693
Oct. 27, 2004	Herbert M. Campbell II, Esq. Robert G. Mahony, Administrative Law Judge Release No. 266 See Also: Administrative Law Judge File No. 3-10268 PDF version , Finality Order File Number: 3-10268
Oct. 22, 2004	Emex Corporation Carol Fox Foelak, Administrative Law Judge Release No. 265 See Also: Administrative Law Judge File No. 3-11683 PDF version , Finality Order File Number: 3-11683
Oct. 12, 2004	Currency Trading International, Inc., Craig A. Cunningham,James R. Kelsall, and Christian J. Weber James T. Kelly, Administrative Law Judge Release No. 263 See Also: Administrative Law Judge File No. 3-11503 PDF version , Finality Order File Number: 3-11503
Oct. 12, 2004	Cybergate, Inc., Cyber Tennis, Inc.,Cyberwholesale, Inc., Cathayone, Inc., elocity Networks, Inc.,Golden Opportunity Development Corp., J. A. B. Int'l, Inc., Maxx Int'l, Inc., Oasis Resorts Int'l, Inc., Rollerball Int'l, Inc.,U.S. Homes & Properties, Inc., Wichita Development Corp., Youthline USA, Inc., and ATC II, Inc. Lillian A. McEwen, Administrative Law Judge Release No. 264 See Also: Administrative Law Judge File No. 3-11512 PDF version , Finality Order File Number: 3-11512
Oct. 8, 2004	Steven E. Muth, Richard J. Rouse, and Bruce J. Bates Brenda P. Murray, Chief Administrative Law Judge Release No. 262 See Also: Chief Administrative Law Judge File No. 3-11346 PDF version , Opinion File Number: 3-11346
Sept. 30, 2004	OTC Live, Inc. and Mark A. Suleymanov Lillian A. McEwen, Administrative Law Judge Release No. 261 See Also: Administrative Law Judge File No. 3-11309 PDF version , Finality Order File Number: 3-11309
Sept. 29, 2004	Clarke T. Blizzard Carol Fox Foelak, Administrative Law Judge Release No. 260 See Also: Administrative Law Judge File No. 3-10007-EAJA PDF version , Opinion File Number: 3-10007-EAJA
Sept. 27, 2004	Rita J. McConville and Kevin M. Harris, C.P.A. Brenda P. Murray, Chief Administrative Law Judge Release No. 259 File Number: 3-11330
Sept. 23, 2004	Castle Securities Corp. and Michael T. Studer Lillian A. McEwen, Administrative Law Judge Release No. 258 See Also: Administrative Law Judge File No. 3-11229 PDF version , Opinion File Number: 3-11229
Sept. 22, 2004	Alcohol Sensors Int'l, Ltd., Beachport Entertainment Corp., Biosonics, Inc., Compressent, Inc., Eye Cash Networks, Inc., Hamilton-Biophile Companies, Holly Holdings, Inc., Intelligent Decision Systems, Inc., Long Distance Direct Holdings, Inc., LRG Restaurant Group, Inc., Nevada Manhattan Group, Inc., Parallel Technologies, Inc., Quadratech, Inc., Redneck Foods, Inc., Safetech Industries, Inc., Viking Resources Int'l, Inc., and Xavier Corp. Brenda P. Murray, Chief Administrative Law Judge Release No. 257 See Also: Chief Administrative Law Judge File No. 3-11513 Correction , PDF version , Finality Order File Number: 3-11513
Sept. 21, 2004	Harrison Securities, Inc., Frederick C. Blumer, and Nebrissa Song James T. Kelly, Administrative Law Judge Release No. 256 See Also: Administrative Law Judge File No. 3-11084 PDF version , Finality Order File Number: 3-11084
Aug. 17, 2004	Douglas W. Powell, Charles D. Elliott, III, and Russell S. Tarbett Robert G. Mahony, Administrative Law Judge Release No. 255 See Also: Administrative Law Judge File No. 3-11086 PDF version , Finality Order File Number: 3-11086
July 27, 2004	Ian L. Renert Robert G. Mahony, Administrative Law Judge Release No. 254 See Also: Finality Order , PDF version File Number: 3-11519
June 28, 2004	Michael Puorro, Walter Dorow, James C. Parrish, Geoffrey W. Gazda, Melvin L. Levine, Michael T. Reiter, Bruce Bertman, Jerry Poole, and Larry W. Kerschenbaum Brenda P. Murray, Administrative Law Judge Release No. 253 See Also: Finality Order , PDF version File Number: 3-11419
June 3, 2004	Edward Becker James T. Kelly, Administrative Law Judge Release No. 252 See Also: Finality Order , PDF version File Number: 3-11367
May 17, 2004	Philip L. Pascale, CPA Lillian A. McEwen, Administrative Law Judge Release No. 251 See Also: Administrative Law Judge File No. 3-11194 PDF version , Opinion File Number: 3-11194
May 11, 2004	Lorsin, Inc., Loretta M. Lockhart, Craig K. Hjalmarson, Russell Management, Inc., George R. Siembida, Harold Engel, Jr., Microcap Marketing, Inc., and Shane M. Nelson Robert G. Mahony, Administrative Law Judge Release No. 250 See Also: Order Modifying Disgorgement Schedule and Summarily Affirming , Order Modifying Finality Order , Finality Order , PDF version File Number: 3-11310
April 16, 2004	Ernst & Young LLP Brenda P. Murray, Chief Administrative Law Judge Release No. 249 See Also: Finality Order , Young , PDF version File Number: 3-10933
April 6, 2004	Robert W. Armstrong, III Carol Fox Foelak, Administrative Law Judge Release No. 248 See Also: Opinion File Number: 3-9793
March 4, 2004	e-Smart Technologies, Inc. f/k/a Plainview Laboratories, Inc. Lillian A. McEwen, Administrative Law Judge Release No. 247 See Also: Order for Summary Affairmance and Filing Opposing Petition for Review , Order Remanding Proceeding File Number: 3-10977
Feb. 12, 2004	Michael Batterman and Randall B. Batterman III James T. Kelly, Administrative Law Judge Release No. 246 See Also: Administrative Law Judge File No. 3-11259 PDF version , Opinion File Number: 3-11259
Jan. 30, 2004	Larry R. Crowder and John R. Powell Robert G. Mahony, Administrative Law Judge Release No. 245 See Also: Finality Order File Number: 3-11287
Jan. 23, 2004	Castle Securities Corp. and Michael T. Studer Lillian A. McEwen, Administrative Law Judge Release No. 244 See Also: Opinion File Number: 3-11229
Jan. 16, 2004	Kevin H. Goldstein and Jackwest Corporation James T. Kelly, Administrative Law Judge Release No. 243 See Also: Administrative Law Judge File No. 3-11010 PDF version , Finality Order File Number: 3-11010

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