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. 31, 2013	Lorenzo, Gregg C. Lorenzo, Francis V. Charles Vista, LLC Release No. 544 See Also: Order Instituting Proceedings, Release No. 33-9385 File Number: 3-15211
Dec. 24, 2013	ICC Worldwide, Inc. Innova Pure Water, Inc. Paladin Holdings, Inc. Performing Brands, Inc. Petrol Oil and Gas, Inc. Platinum Research Organization, Inc. Renew Energy Resources, Inc. Vital Living, Inc. Release No. 543 See Also: Order Instituting Proceedings, Release No. 34-70987 , Finality Order, Release No. 34-71496 File Number: 3-15636
Dec. 18, 2013	HouseRaising, Inc. iElement Corporation InforMedix Holdings, Inc. Nortia Capital Partners, Inc. PC Universe, Inc. Release No. 542 See Also: Order Instituting Proceedings, Release No. 34-70896 , Finality Order, Release No. 34-71433 File Number: 3-15615
Dec. 17, 2013	Berkman, Craig d/b/a Ventures Trust LLC Kern, John B Face Off Acquisitions, LLC Face Off Management, LLC a/k/a Face Off Acquisitions Management, LLC Ventures Trust II LLC Ventures Trust III LLC Ventures Trust IV LLC Ventures Trust V LLC Ventures Trust VI LLC Ventures Trust Asset Fund LLC Ventures Trust Management LLC Ventures Trust Asset Management, LLC a/k/a Ventures Trust II Asset Management, LLC Assensus Capital, LLC Assensus Capital Management, LLC Release No. 541 See Also: Order Instituting Proceedings, Release No. 33-9394 , Finality Order, Release Nos. 33-9520, 34-71431, IA-3766, IC-30896 File Number: 3-15249
Dec. 6, 2013	Raymond J. Lucia Companies, Inc. Lucia, Raymond J., Sr. Release No. 540 See Also: Order Instituting Proceedings, Release Nos. 34-67781, IA-3456, and IC-30193 File Number: 3-15006
Dec. 4, 2013	Pringle, Kiavanni Release No. 539 See Also: Order Instituting Proceedings, Release No. 34-70266 , Finality Order, Release No. 34-71328 File Number: 3-15442
Dec. 3, 2013	G-Cats Acquisition Corp. GalaGen, Inc. Galena Acquisition Corp. Garment Graphics, Inc. Release No. 537 See Also: Order Instituting Proceedings, Release No. 34-70238 , Finality Order, Release No. 34-71320 File Number: 3-15431
Dec. 3, 2013	Newtech Resources Ltd. Release No. 538 See Also: Order Instituting Proceedings, Release No. 34-70722 , Finality Order, Release No. 34-71336 File Number: 3-15576
Dec. 2, 2013	iVoice, Inc. Protectus Medical Devices, Inc. St. Lawrence Energy Corp. Release No. 536 See Also: Order Instituting Proceedings, Release No. 34-70179 , Finality Order, Release No. 34-71355 File Number: 3-15416
Nov. 27, 2013	Bonanza One, Inc. China Century Dragon Media, Inc. Farrallon, Inc. Ora Electronics, Inc. Tia I, Inc. Tia II, Inc. Release No. 535 See Also: Order Instituting Proceedings, Release No. 34-70475 , Finality Order, Release No. 34-71322 File Number: 3-15516
Nov. 26, 2013	Heritage Worldwide, Inc. Impala Mineral Exploration Corp. Klondike Star Mineral Corporation MIV Therapeutics Inc. Most Home Corp. Moventis Capital, Inc. OrganiTECH USA, Inc. Release No. 532 See Also: Order Instituting Proceedings, Release No. 34-70783 , Finality Order, Release No. 34-71356 , Release No. 34-71281 , 34-71072 File Number: 3-15596
Nov. 26, 2013	Philbrook, James A. Release No. 533 See Also: Order Instituting Proceedings, Release No. 34-70716 , Finality Order, Release No. 34-71302 File Number: 3-15575
Nov. 26, 2013	Bluestein, Frank Release No. 534 See Also: Order Instituting Proceedings, Release No. 34-69529 , Finality Order, Release No. 34-71316 File Number: 3-15317
Nov. 22, 2013	China Ruitai International Holdings Co., Ltd. Release No. 530 See Also: Order Instituting Proceedings, Release No. 34-70580 , Finality Order, Release No. 34-71323 File Number: 3-15545
Nov. 22, 2013	Acies Corporation Immutech Pharmaceuticals, Inc. MRU Holdings, Inc. MSTI Holdings, Inc. Nestor, Inc. New Generation Holdings, Inc. Nuevo Financial Center, Inc. Release No. 531 See Also: Order Instituting Proceedings, Release No. 34-70785 , Finality Order, Release No. 34-71358 File Number: 3-15597
Nov. 20, 2013	High End Ventures, Inc. Release No. 528 See Also: Order Instituting Proceedings, Release No. 34-70724 , Finality Order, Release No. 34-71359 File Number: 3-15577
Nov. 20, 2013	Brandolino, James L. Release No. 529 See Also: Order Instituting Proceedings, Release No. 34-70581 , Finality Order, Release No. 34-71317 File Number: 3-15546
Nov. 19, 2013	James R. Lanier (Corrected) Carol Fox Foelak, Administrative Law Judge Release No. 515A See Also: Order Instituting Proceedings, Release No. 34-70471 , Finality Order, Release No. 34-71318 File Number: 3-15513
Nov. 19, 2013	Edmund E. Wilson (Corrected) Carol Fox Foelak, Administrative Law Judge Release No. 526A See Also: Order Instituting Proceedings, Release No. 34-70447 , Finality Order, Release No. 34-71313 File Number: 3-15501
Nov. 19, 2013	Moore, Shawn H. Release No. 527 See Also: Order Instituting Proceedings, Release No. 34-70650 , Finality Order, Release No. 34-71308 , Order Vacating Finality Notice, Release No. 34-71334 File Number: 3-15560
Nov. 15, 2013	Gatherum, Laurie GEI Financial Services, Inc. Goldstein, Norman Release No. 524 See Also: Order Instituting Proceedings, Release No. 34-70297 , Finality Order, Release No. 34-71314 File Number: 3-15447
Nov. 15, 2013	American Asset Development, Inc. aVinci Media Corp. Ceragenix Pharmaceuticals, Inc. Marshall Holdings International, Inc. MedCom USA, Incorporated Millenium Holding Group, Inc. Release No. 525 See Also: Order Instituting Proceedings, Release No. 34-70455 , Finality Order, Release No. 34-71338 File Number: 3-15505
Nov. 14, 2013	Exmocare, Inc. (n/k/a Second Solar, Inc.), First Transaction Management, Inc., et al. Brenda P. Murray, Chief Administrative Law Judge Release No. 519 See Also: Order Instituting Proceedings, Release No. 34-70351 , Finality Order, Release No. 34-71357 File Number: 3-15455
Nov. 14, 2013	Philip David Horn Brenda P. Murray, Chief Administrative Law Judge Release No. 520 See Also: Order Instituting Proceedings, Release No. 34-70490 , Finality Order, Release No. 34-71291 File Number: 3-15520
Nov. 14, 2013	Skyview Holdings Corp., Stonecrest One, Inc., et al. Brenda P. Murray, Chief Administrative Law Judge Release No. 521 See Also: Order Instituting Proceedings, Release No. 34-70474 , Finality Order, Release No. 34-71321 File Number: 3-15515
Nov. 14, 2013	American Wenshen Steel Group, Inc. Case Financial, Inc. Global ePoint, Inc. iMedia International, Inc. Release No. 522 See Also: Order Making Findings and Revoking Registrations by Default, Release No. 34-70157 , Finality Order, Release No. 34-71339 File Number: 3-15386
Nov. 14, 2013	Lanbo Financial Group, Inc. Brenda P. Murray, Chief Administrative Law Judge Release No. 523 See Also: Order Instituting Proceedings, Release No. 34-69662 , Finality Order, Release No. 34-71337 File Number: 3-15341
Nov. 13, 2013	Carbiz, Inc. InZon Corporation IQ Micro, Inc. Irwin Financial Corporation Princeton Media Group, Inc. Release No. 518 See Also: Order Instituting Proceedings, Release No. 34-70374 , Finality Order, Release No. 34-71319 File Number: 3-15469
Nov. 8, 2013	Bresner, Michael Calabro, Ralph Konner, Jason Koutsoubos, Dimitrios Release No. 517 See Also: Order Instituting Proceedings, Release No. 33-9359 , Finality Order, Release No. 33-9502 File Number: 3-15015
Nov. 7, 2013	Scammell, Toby G. Release No. 516 See Also: Order Instituting Proceedings, Release No. IA-3584 File Number: 3-15271
Nov. 5, 2013	A.G. Volney Center, Inc. (f/k/a Buddha Steel, Inc.) China Green Material Technologies, Inc. China Tractor Holdings, Inc. Franklin Towers Enterprises, Inc. Release No. 514 See Also: Order Instituting Proceedings, Release No. 34-70434 , Finality Order, Release No. 34-71110 File Number: 3-15497
Oct. 29, 2013	Patch International, Inc. QuadTech International, Inc. Strategic Resources, Ltd. Virtual Medical Centre, Inc. Release No. 512 See Also: Order Instituting Proceedings, Release No. 34-70438 , Finality Order, Release No. 34-71111 File Number: 3-15499
Oct. 29, 2013	Ferrer, Miguel A. Ortiz, Carlos J. Release No. 513 See Also: Order Instituting Proceedings, Release No. 33-9317 , Finality Order, Release No. 33-9496 File Number: 3-14862
Oct. 25, 2013	Home System Group Release No. 511 See Also: Order Instituting Proceedings, Release No. 34-70456 , Finality Order, Release No. 34-71112 File Number: 3-15506
Oct. 23, 2013	American Energy Production, Inc. Best Energy Services, Inc. Community Central Bank Corporation Explortex Energy, Inc. HemoBioTech, Inc. Larrea Biosciences Corporation MBI Financial, Inc. Million Dollar Saloon, Inc. Release No. 509 See Also: Order Instituting Proceedings, Release No. 34-70433 , Finality Order, Release No. 34-71003 File Number: 3-15496
Oct. 23, 2013	AcuNetx, Inc., et al. Carol Fox Foelak, Administrative Law Judge Release No. 510 See Also: Order Instituting Proceedings, Release No. 34-70481 , Finality Order, Release No. 34-71026 File Number: 3-15517
Oct. 9, 2013	Bandimere, David F. Young, John O. Release No. 508 See Also: Order Instituting Proceedings, Release No. 34-69100 , Finality Order, Release No. 34-70941 File Number: 3-15124
Oct. 8, 2013	Bandimere, David F. Young, John O. Release No. 507 See Also: Order Instituting Proceedings, Release Nos. 33-9372, 34-68372, IC-30293, IA-3511 File Number: 3-15124
Oct. 4, 2013	Joshua Constantin and Brian Solomon Release No. 505 See Also: Order Instituting Proceedings, Release No. 34-70280 , Finality Order, Release No. 34-70960 File Number: 3-15332
Oct. 4, 2013	Bandimere, David F. Young, John O. Release No. 506 See Also: Order Instituting Proceedings, Release Nos. 33-9372, 34-68372, IC-30293, IA-3511 , Finality Order, Release Nos. 33-9483, 34-70932 File Number: 3-15124
Sept. 10, 2013	Hatfield, S.W., CPA Hatfield, Scott W., CPA Release No. 504 See Also: Order Instituting Proceedings, Release Nos. 34-67793, AAER-3415 File Number: 3-15012
Aug. 22, 2013	Contorinis, Joseph Release No. 503 See Also: Order Instituting Proceedings, Release Nos. 34-69472, IA-3596 File Number: 3-15308
Aug. 2, 2013	Bogar, Daniel Young, Bernerd E. Green, Jason T. Release No. 502 See Also: Order Instituting Proceedings, Release No. 33-9356 , Finality Order, Release No. 33-9499 File Number: 3-15003
July 31, 2013	Aguilera, Angelica Release No. 501 See Also: Order Instituting Proceedings, Release No. 34-67748 , Finality Order, Release No. 34-71121 File Number: 3-14999
July 30, 2013	Mark A. Gelazela and Steven E. Woods Carol Fox Foelak, Administrative Law Judge Release No. 500 See Also: Order Instituting Proceedings, Release No. 34-68670 , Finality Order, Release No. 34-70476 File Number: 3-15177
July 25, 2013	Stefan H. Benger Carol Fox Foelak, Administrative Law Judge Release No. 499 See Also: Order Instituting Proceedings, Release No. 34-68749 , Finality Order, Release No. 34-70667 File Number: 3-15189
July 24, 2013	Liskov, Jeffrey A. Release No. 498 See Also: Order Instituting Proceedings, Release No. IA-3527 , Finality Order, Release Nos. 34-70477, IA-3675 File Number: 3-15155
July 24, 2013	EagleEye Asset Management, LLC Cameron Elliot, Administrative Law Judge Release No. 497 See Also: Order Instituting Proceedings, Release No. IA-3528 , Finality Order, Release Nos. 34-70478, IA-3676 File Number: 3-15156
July 12, 2013	Gerasimowicz, Walter V. Meditron Asset Management, LLC Meditron Management Group, LLC Release No. 496 See Also: Order Instituting Proceedings, Release Nos. 33-9361, 34-67860, IA-3464, and IC-30202 , Finality Order, Release Nos. 33-9451, 34-70430, IA-3670, IC-30688 File Number: 3-15024
July 8, 2013	Raymond J. Lucia Companies, Inc. Lucia, Raymond J., Sr. Release No. 495 See Also: Order Instituting Proceedings, Release Nos. 34-67781, IA-3456, and IC-30193 File Number: 3-15006
July 2, 2013	Comeaux, Jay T. Release No. 494 See Also: Order Instituting Proceedings, Release Nos. 33-9355, 34-67768, IA-3452, and IC-30189 File Number: 3-15002
June 19, 2013	Guy W. Gane, Jr. Brenda P. Murray Chief Administrative Law Judge Release No. 493 See Also: Order Instituting Proceedings, Release No. 34-68940 , Finality Order, Release No. 34-70249 File Number: 3-15210
June 17, 2013	Ward Onsa Brenda P. Murray Chief Administrative Law Judge Release No. 492 See Also: Order Instituting Proceedings, Release No. IA-3559 , Finality Order, Release Nos. 34-70248, IC-30672 File Number: 3-15221
June 14, 2013	Mura, David Release No. 491 See Also: Order Instituting Proceedings, Release No. 34-67920 File Number: 3-15045
June 7, 2013	optionsXpress, Inc. Stern, Thomas E. Feldman, Jonathan I. Release No. 490 See Also: Order Instituting Proceedings, Release Nos. 33-9313, 34-66815, IC-30034 , Finality Order as to Thomas E. Stern, Release Nos. 33-9473, 34-70809, IC-30773 File Number: 3-14848
May 22, 2013	Medis Technologies Ltd., Modern Medical Modalities Corp., National Datacomputer, Inc., New Media Lottery Services, Inc., Sino-Bon Entertainment, Inc., Tamir Biotechnology, Inc., and Techmedia Advertising, Inc. Cameron Elliot Administrative Law Judge Release No. 488 See Also: Order Instituting Proceedings, Release No. 34-68991 , Finality Order, Release No. 34-69805 File Number: 3-15185
May 22, 2013	David E. Ruskjer Cameron Elliot Administrative Law Judge Release No. 489 See Also: Order Instituting Proceedings, Release No. 34-68499 , Finality Order, Release No. 34-69803 File Number: 3-15147
May 15, 2013	Law Enforcement Associates Corp., Matrixx Resource Holdings, Inc., Sonnen Corp., Mortgage Assistance Center Corp., MVP Network, Inc., Sino Shipping Holdings, Inc., Sonnen Corp., Superior Oil & Gas Co., Tekoil & Gas Corp., Trend Mining Co., and Unico, Inc. Carol Fox Foelak, Administrative Law Judge Release No. 487 See Also: Order Instituting Proceedings, Release No. 34-68731 , Finality Order, Release No. 34-69799 File Number: 3-15186
May 3, 2013	Largo Vista Group, Ltd., et al. Brenda P. Murray, Chief Administrative Law Judge Release No. 486 See Also: Order Instituting Proceedings, Release No. 34-68731 , Finality Order, Release No. 34-69798 File Number: 3-15187
April 30, 2013	Artfest International, Inc., et al. Brenda P. Murray, Chief Administrative Law Judge Release No. 485, 34-68902, 34-69676, AAER-4298 See Also: Order Instituting Proceedings, Release No. 34-68902 , Finality Order, Release No. 34-69676 File Number: 3-15207
April 17, 2013	Adam Harrington a/k/a Adam Rukdeschel and Adam Harrington Ruckdeschel Carol Fox Foelak, Administrative Law Judge Release No. 484 See Also: Order Instituting Proceedings, Release No. 34-68365 , Finality Order, Release No. 34-70149 File Number: 3-15119
April 16, 2013	Jilaine H. Bauer, Esq. Carol Fox Foelak, Administrative Law Judge Release No. 483 See Also: Order Instituting Proceedings, Release No. 34-67845 File Number: 3-15020
Feb. 13, 2013	Alero Odell Mack, Jr. Cameron Elliot, Administrative Law Judge Release No. 482 See Also: Order Instituting Proceedings, Release No. IA-3472.pdf , Finality Order, Release Nos. 34-69455 and IA-3593 File Number: 3-15036
Jan. 28, 2013	DIAS Holding, Inc., Earthblock Technologies, Inc., Ensurapet, Inc., FIIC Holdings, Inc., GEM Solutions, Inc., Gold Star Tutoring Services, Inc., and GPS Industries, Inc. Brenda P. Murray, Chief Administrative Law Judge Release No. 481 See Also: Order Instituting Proceedings, Release No. 34-68221 , Finality Order, Release No. 34-69155 File Number: 3-15090
Jan. 18, 2013	Andrew J. Franz Cameron Elliot, Administrative Law Judge Release No. 480 See Also: Order Instituting Proceedings, Release No. 34-67491 , Finality Order, Release Nos. 34-69145 and IA-3567 File Number: 3-14960
Jan. 7, 2013	Omar Ali Rizvi Brenda P. Murray, Chief Administrative Law Judge Release No. 479 See Also: Order Instituting Proceedings, Release No. 34-67661 , Finality Order, Release Nos. 34-69019 and IA-3561 File Number: 3-14984
Jan. 3, 2013	Mandell, Ross Release No. 478 See Also: Order Instituting Proceedings, Release No. 34-67645 File Number: 3-14981

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