Administrative Proceedings

Between October 1, 2025, and November 12, 2025, the Commission experienced a lapse in appropriations. In light of the lapse, the Commission issued an order staying administrative proceedings. On November 13, 2025, the Commission issued an order lifting the stay and extending dates in the proceedings previously subject to the stay.

The links below direct you to the individual case pages for litigated administrative proceedings adjudicated by the Commission, including its consideration of appeals from initial decisions issued by administrative law judges or from SRO or PCAOB action. The case pages contain the Commission opinions and orders as well as significant filings in such matters. The links below additionally direct you to the electronic filing system for administrative proceedings and to information for respondents in administrative proceedings.

Below is a chronological list of links to orders by the Commission instituting both litigated and settled administrative proceedings and to issuances for the Commission, by the Division of Enforcement, pursuant to delegated authority. The orders and other issuances in litigated administrative proceedings below also may be found on the individual case pages linked on the Open Litigated Administrative Proceedings and Closed Litigated Administrative Proceedings pages, together with filings made in the proceedings. The issuances pertaining to distribution proceedings may also be found in the individual case charts on the Distributions in Commission Administrative Proceedings: Notices and Orders Pertaining to Disgorgement and Fair Funds page.

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Date Sort descending	Respondents
Dec. 31, 2008	Joseph Lovaglio Release No. 34-59190, IA-2825 See Also: the Order in this matter
Dec. 30, 2008	Rica Foods, Inc. Release No. 34-59174
Dec. 29, 2008	William J. Del Biaggio III Release No. IA-2824 File Number: 3-13319
Dec. 29, 2008	Stewart Enterprises, Inc., Kenneth C. Budde, CPA, and Michael G. Hymel, CPA Release No. 34-59172, AAER-2913
Dec. 23, 2008	Ira Yohalem, CPA Release No. 34-59155, AAER-2912
Dec. 23, 2008	2 I, Inc., 2-Infinity, Inc., 2TheMart.com, Inc., The 3DO Co., 5B Technologies Corp., 24 Hour Auction, Inc., 1626 New York Associates Limited Partnership, and 2000 New Commerce, Inc. Release No. 34-59156
Dec. 22, 2008	American Custom Components, Inc., ClearLogic, Inc., Creditgroup Com, Inc. (n/k/a Tradex Global Financial Services, Inc.), Frederick Brewing Co., and Infinicall Corp., Release No. 34-59128
Dec. 22, 2008	George L. Phelps Release No. 34-59130
Dec. 22, 2008	William Edward Sears Release No. 34-59131
Dec. 22, 2008	Patricia Jean Sears-Million Release No. 34-59132
Dec. 19, 2008	John M. Lucarelli Release No. 34-59124
Dec. 18, 2008	Michael J. Park Release No. 34-59116, IA-2822
Dec. 17, 2008	Milkie/Ferguson Investments, Inc., and Daniel Edward Levin Release No. 33-8990, 34-59115
Dec. 17, 2008	Birman Managed Care, Inc., Cluster Technology Corp., Global Network, Inc., Micro-Integration Corp. Montt International Corp., and NewCare Health Corp. Release No. 34-59109
Dec. 16, 2008	David Lee Release No. 34-59107
Dec. 15, 2008	NeoTactix Corporation Release No. 34-59100
Dec. 15, 2008	Graystone World Wide, Inc., Keratoplanetes Corp., Lighthouse Partners, Inc., Maritime Partners, Ltd., and Myrient, Inc. Release No. 34-59103
Dec. 12, 2008	Graystone World Wide, Inc., Keratoplanetes Corp., Lighthouse Partners, Inc., Maritime Partners, Ltd., and Myrient, Inc. Release No. 34-59089
Dec. 12, 2008	Gary J. Gross Release No. 34-59090, IA-2820
Dec. 12, 2008	Pacific Industrial Corp., Pacific Security Companies, Inc., Pandora Industries, Inc. (n/k/a Creston Moly Corp.) Release No. 34-59093
Dec. 12, 2008	Michael W. Crow and Robert David Fuchs Release No. 34-59094, IA-2821 See Also: the Order in this matter
Dec. 11, 2008	Graystone World Wide, Inc., Keratoplanetes Corp., Lighthouse Partners, Inc., Maritime Partners, Ltd., and Myrient, Inc. Release No. 34-59080
Dec. 11, 2008	Scott E. Desano, Thomas H. Bruderman, Timothy J. Burnieika, Robert L. Burns, David K. Donovan, Edward S. Driscoll, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci, and Kirk C. Smith Robert G. Mahony, Administrative Law Judge Release No. IA-2812, IC-28531 File Number: 3-12978
Dec. 11, 2008	Scott E. Desano, Thomas H. Bruderman, Timothy J. Burnieika, Robert L. Burns, David K. Donovan, Edward S. Driscoll, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci, and Kirk C. Smith Robert G. Mahony, Administrative Law Judge Release No. IA-2813, IC-28532 File Number: 3-12978
Dec. 11, 2008	Scott E. Desano, Thomas H. Bruderman, Timothy J. Burnieika, Robert L. Burns, David K. Donovan, Edward S. Driscoll, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci, and Kirk C. Smith Robert G. Mahony, Administrative Law Judge Release No. IA-2814, IC-28533 File Number: 3-12978
Dec. 11, 2008	Scott E. Desano, Thomas H. Bruderman, Timothy J. Burnieika, Robert L. Burns, David K. Donovan, Edward S. Driscoll, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci, and Kirk C. Smith Robert G. Mahony, Administrative Law Judge Release No. IA-2815, IC-28534 File Number: 3-12978
Dec. 11, 2008	Scott E. Desano, Thomas H. Bruderman, Timothy J. Burnieika, Robert L. Burns, David K. Donovan, Edward S. Driscoll, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci, and Kirk C. Smith Robert G. Mahony, Administrative Law Judge Release No. IA-2816, IC-28535 File Number: 3-12978
Dec. 11, 2008	Scott E. Desano, Thomas H. Bruderman, Timothy J. Burnieika, Robert L. Burns, David K. Donovan, Edward S. Driscoll, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci, and Kirk C. Smith Robert G. Mahony, Administrative Law Judge Release No. IA-2817, IC-28536 File Number: 3-12978
Dec. 11, 2008	Scott E. Desano, Thomas H. Bruderman, Timothy J. Burnieika, Robert L. Burns, David K. Donovan, Edward S. Driscoll, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci, and Kirk C. Smith Robert G. Mahony, Administrative Law Judge Release No. IA-2818, IC-28537 File Number: 3-12978
Dec. 11, 2008	Scott E. Desano, Thomas H. Bruderman, Timothy J. Burnieika, Robert L. Burns, David K. Donovan, Edward S. Driscoll, Jeffrey D. Harris, Christopher J. Horan, Steven P. Pascucci, and Kirk C. Smith Robert G. Mahony, Administrative Law Judge Release No. IA-2819, IC-28538 File Number: 3-12978
Dec. 11, 2008	Pacific Industrial Corp., Pacific Security Companies, Inc., and Pandora Industries, Inc. (n/k/a Creston Moly Corp.) Release No. 34-59078
Dec. 11, 2008	Zurich Financial Services Release No. 34-59083, AAER-2908
Dec. 11, 2008	Graystone World Wide, Inc., Keratoplanetes Corp., Lighthouse Partners, Inc., Maritime Partners, Ltd., and Myrient, Inc. Release No. 34-59079
Dec. 11, 2008	Ritchie Capital Management LLC, Ritchie Multi-Strategy Global Trading, Ltd., A.R. Thane Ritchie and Warren Louis DeMaio Release No. 34-59085
Dec. 11, 2008	SCOR Holding (Switzerland) Ltd., formerly known as Converium Holding AG Release No. 33-8988, 34-59084, AAER-2909
Dec. 9, 2008	Robert P. Verheecke (CPA) Release No. 34-59071, AAER-2907
Dec. 8, 2008	Bear, Stearns & Co., Inc., and Bear, Stearns Securities Corp. Release No. 34-59065 See Also: the Order in this matter File Number: 3-12238
Dec. 8, 2008	CentreInvest, Inc., OOO CentreInvest Securities, Vladimir Chekholko, William Herlyn, Dan Rapoport, and Svyatoslav Yenin Release No. 34-59067 See Also: the Order in this matter
Dec. 5, 2008	Janus Capital Management LLC Release No. 34-59059
Dec. 4, 2008	Marc Rabinowitz, CPA Release No. 34-59057, AAER-2905
Dec. 3, 2008	2 I, Inc., 2-Infinity, Inc., 2TheMart.com, Inc., The 3DO Co., 5B Technologies Corp., 24 Hour Auction, Inc., 1626 New York Associates Limited Partnership, and 2000 New Commerce, Inc. Release No. 34-59042
Dec. 3, 2008	Gary L. Seidelman, CPA Release No. 34-59047, AAER-2904
Dec. 3, 2008	Massachusetts Financial Services Company, John W. Ballen and Kevin R. Parke Release No. 34-59048
Dec. 2, 2008	Aqua Vie Beverage Corp., Asia Biotechnology Group, Inc., Caravan Acquisition Corp., Century Investments International, Inc., Diversified Holdings International, Inc., Milinx Business Group, Inc., and Msc Group, Inc. Release No. 34-59037
Dec. 2, 2008	Putnam Investment Management, LLC Release No. 34-59041
Nov. 28, 2008	B.B. Walker Co., Bellatrix International, Inc., Belmont Resources, Inc., Beres Industries, Inc., Best Products Co., Inc., Bethlehem Corp., and Bogue Electric Manufacturing Co. (n/k/a Bogue International, Inc.) Release No. 34-59026
Nov. 28, 2008	Rudy 45 Release No. 34-59028, IC-28525
Nov. 26, 2008	Renew Energy Resources, Inc. Release No. 33-8986, IC-28523
Nov. 26, 2008	Lexington Resources, Inc. Atkins, Grant Pierce, Gordon Brent Release No. 33-8987 File Number: 3-13109
Nov. 25, 2008	Dennis K. McNell Release No. 34-59016
Nov. 25, 2008	Cort L. Poyner Release No. 34-59017 See Also: the Order in this matter
Nov. 25, 2008	Stephen L. Hochberg, CPA Release No. 34-59018
Nov. 25, 2008	Thomas J. Smith Release No. IA-2810 File Number: 3-13301
Nov. 25, 2008	5G Wireless Communications, Inc. Release No. 33-8985
Nov. 24, 2008	Prosper Marketplace, Inc. Release No. 33-8984
Nov. 24, 2008	Annie Astor-Carbonell (CPA) Release No. 34-59007, AAER-2903
Nov. 24, 2008	EA Industries, Inc., Ebiz Enterprises, Inc., and Einstein Noah Bagel Corp. (n/k/a ENBC Corp.) Release No. 34-59013
Nov. 24, 2008	American Custom Components, Inc., ClearLogic, Inc., Creditgroup Com, Inc., Frederick Brewing Co., and Infinicall Corp. Release No. 34-59002 See Also: the Order in this matter
Nov. 21, 2008	Pacific Coast Apparel Co., Inc., Pacific Gateway Exchange, Inc., Pacific International Services Corp., Pallet Management Systems, Inc., Palm Desert Art, Inc., Panaco, Inc., Paragon Financial Corp. (n/k/a NewMarket Latin America, Inc.), and Patriot Motorcycle Corp. Release No. 34-58991
Nov. 21, 2008	Franklin Advisers, Inc. Release No. 34-59000
Nov. 20, 2008	Euro Capital Incorporated Release No. 33-8983
Nov. 20, 2008	2 I, Inc., 2-Infinity, Inc., 2TheMart.com, Inc., The 3DO Co., 5B Technologies Corp., 24 Hour Auction, Inc., 1626 New York Associates Limited Partnership, and 2000 New Commerce, Inc. Release No. 34-58982 See Also: the Order in this matter
Nov. 20, 2008	John R. Blot (a/k/a Victor Morgan) Release No. 34-58986, IA-2808
Nov. 20, 2008	Leslie A. James (a/k/a Les James and Daryl McKinney) Release No. 34-58987
Nov. 19, 2008	Ricardo H. Goldman Release No. 34-58976
Nov. 18, 2008	MB Tech, Inc. Release No. 34-58972
Nov. 17, 2008	R2 Medical Systems, Inc., Rachel's Gourmet Snacks, Inc., Rain City Enterprises, Inc., Range Petroleum Corp. (n/k/a Range Energy, Inc.), and RecordLab Corp. Release No. 34-58961
Nov. 17, 2008	Graystone World Wide, Inc., Keratoplanetes Corp., Lighthouse Partners, Inc., Maritime Partners, Ltd., and Myrient, Inc. Release No. 34-58962 See Also: the Order in this matter
Nov. 17, 2008	Baldwin Piano & Organ Co., Banner Holding Corp., Be Safe Services, Inc., Belmoral Mines Ltd., Benefund, Inc., Benz Energy Ltd. (n/k/a Benz Energy, Inc.), and Beyond Belief, Inc. Release No. 34-58963 See Also: the Order in this matter
Nov. 17, 2008	Pacific Industrial Corp., Pacific Security Companies, Inc., and Pandora Industries, Inc. (n/k/a Creston Moly Corp.) Release No. 34-58964 See Also: the Order in this matter
Nov. 14, 2008	California Service Stations, Inc., Cozumel Corp., Jenson International, Inc., Meditecnic, Inc. (f/k/a Viking Broadcasting Corp.), and Space Launches Financing, Inc. Release No. 34-58946
Nov. 14, 2008	American Environmental Corp. (n/k/a TrackBets International, Inc.), BAM! Entertainment, Inc., and Rudy Nutrition Release No. 34-58947
Nov. 14, 2008	EA Industries, Inc., Ebiz Enterprises, Inc., and Einstein Noah Bagel Corp. (n/k/a ENBC Corp.) Release No. 34-58952
Nov. 14, 2008	Viktor Novosselov (a/k/a David Markowitz) Release No. 34-58954
Nov. 14, 2008	Daryl Anderson Release No. 34-58958
Nov. 13, 2008	Columbia Management Advisors, Inc. and Columbia Funds Distributor, Inc. Release No. 34-58939
Nov. 12, 2008	Webservices Innovations, Ltd., Westar Financial Services, Inc., Winsor & Eton Golf Concepts, Inc., and Wiskers Acquisition Corp. Release No. 34-58930
Nov. 10, 2008	InPhonic, Inc. (n/k/a INP Liquidation, Corp.) Release No. 34-58922
Nov. 7, 2008	Oil City Petroleum, Inc., Oil Retrieval Systems, Inc., Ois Optical Imaging Systems, Inc., Oliver Transportation, Inc., On Marine Services Co., and Oncourse Technologies, Inc. Release No. 34-58913
Nov. 7, 2008	Nicole Industries, Inc., Outer Banks Investments, Inc., Point Arena Group, Inc., Russian Athena, Inc., Skyframes, Inc. (n/k/a Helsinki Scientific, Inc.)(CIK No. 919602), Skyframes, Inc. (CIK No. 1097900), and Sonoma Marine Technologies, Inc. Release No. 34-58914
Nov. 7, 2008	Carmine J. Bua Release No. 34-58919
Nov. 6, 2008	Ronald B. Hogan Release No. 34-58907
Nov. 6, 2008	Karnig H. Durgarian, Jr. Release No. 34-58908
Nov. 3, 2008	Banc of America Capital Management, LLC, BACAP Distributors, LLC, and Banc of America Securities, LLC Release No. 34-58896
Oct. 30, 2008	Lazard Capital Markets LLC Release No. 34-58880
Oct. 30, 2008	Louis Gregory Rice Release No. 34-58881
Oct. 30, 2008	Robert A. Ward Release No. 34-58882, IC-28477
Oct. 30, 2008	David L. Tashjian Release No. 34-58883, IC-28478
Oct. 30, 2008	W. Daniel Williams Release No. 34-58884, IC-28479
Oct. 30, 2008	Ragen Corp., Rainwire Partners, Inc., Rako Capital Corp., Ramtek Corp. (n/k/a Ramtek I Corp.), Ranger Industries, Inc., RCS Holdings, Inc., and Recycling Industries, Inc. Release No. 34-58885
Oct. 29, 2008	Blue Angel Holdings Corp., Byron Enterprises, Inc., Captains Management Corp., Coronado Resources, Inc., Hometeach.com, Inc., Joshua Tree Construction, Inc., Magellan Filmed Entertainment, Inc., and Solar Enterprises, Inc. Release No. 34-58876
Oct. 28, 2008	Cabot Medical Corp., CacheStream Corp.,Cadema Corp., Cannon Express, Inc.,Capfilm, Inc., Capita Research Group, Inc., Capital Appreciation Plus LP I,Capital Dome, Inc., andCaredata.Com, Inc. Release No. 34-58866
Oct. 28, 2008	E-Star Holdings, Inc., Earful of Books, Inc., East Coast Group Investments, Inc., Ecom Digital Properties, Inc., eHomeOne.com, Inc., and Electro Catheter Corp. Release No. 34-58867
Oct. 28, 2008	Wendt-Bristol Health Services Corporation Release No. 34-58869
Oct. 27, 2008	Entertainment Technologies & Programs, Inc., Inter Con PC, Inc., Trans Global Services, Inc., XCL Ltd., and ZymeTx, Inc. Release No. 34-58858
Oct. 27, 2008	Nicole Industries, Inc., Outer Banks Investments, Inc., Point Arena Group, Inc., Russian Athena, Inc., Skyframes, Inc. (n/k/a Helsinki Scientific, Inc.) (CIK No. 919602), Skyframes, Inc. (CIK No. 1097900), and Sonoma Marine Technologies, Inc. Release No. 34-58859
Oct. 27, 2008	Don Warner Reinhard Release No. 34-58865, IA-2805 See Also: the Order in this matter
Oct. 24, 2008	Nicole Industries, Inc., Outer Banks Investments, Inc., Point Arena Group, Inc., Russian Athena, Inc., Skyframes, Inc. (n/k/a Helsinki Scientific, Inc.) (CIK No. 919602), Skyframes, Inc. (CIK No. 1097900), and Sonoma Marine Technologies, Inc. Release No. 34-58842
Oct. 24, 2008	California Service Stations, Inc., Cozumel Corp., Jenson International, Inc., Meditecnic, Inc. (f/k/a Viking Broadcasting Corp.), and Space Launches Financing, Inc. Release No. 34-58843
Oct. 24, 2008	Nicole Industries, Inc., Outer Banks Investments, Inc., Point Arena Group, Inc., Russian Athena, Inc., Skyframes, Inc. (n/k/a Helsinki Scientific, Inc.) (CIK No. 919602), Skyframes, Inc. (CIK No. 1097900), and Sonoma Marine Technologies, Inc. Release No. 34-58844

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