Administrative Proceedings

Please read the Commission’s October 1, 2025 order staying pending administrative proceedings.

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. 30, 2009	Gabelli Funds LLC Release No. 34-61255 File Number: 3-13019
Dec. 30, 2009	Gabelli Funds LLC Release No. 34-61256 See Also: the Final Distribution Plan File Number: 3-13019
Dec. 30, 2009	Stephen C. Gingrich (CPA) Release No. 34-61262, AAER-3092 File Number: 3-13732
Dec. 29, 2009	Jeffrey C. Young Release No. 34-61247, IA-2967 File Number: 3-13731
Dec. 29, 2009	Banc One Investment Advisors Corporation and Mark A. Beeson Release No. 34-61252 File Number: 3-11530
Dec. 28, 2009	Bahram A. Jafari and Mountain Resources, Inc. Release No. 33-9101, 34-61246, IA-2966, IC-29098 File Number: 3-13730
Dec. 28, 2009	Customer Sports, Inc., General Magic, Inc., Leonidas Films, Inc. (n/k/a Consolidated Pictures Group, Inc.), SportsPrize Entertainment, Inc., U.S. Interactive, Inc., and USA Biomass Corp. Release No. 34-61243 File Number: 3-13698
Dec. 28, 2009	Anna M. Baird, CPA Release No. 34-61245, AAER-3090 File Number: 3-13729
Dec. 22, 2009	Applied Minerals, Inc. (Formerly Known as Atlas Mining Company) Release No. 33-9100, 34-61213 File Number: 3-13728
Dec. 18, 2009	ICAP Securities USA LLC, Ronald A. Purpora, Gregory F. Murphy, Peter M. Agola, Ronald Boccio, Kevin Cunningham, Donald E. Hoffman, Jr., and Anthony Parisi Release No. 33-9097, 34-61200 File Number: 3-13726
Dec. 18, 2009	Cornerstone Capital Management, Inc., and Laura Jean Kent Release No. 34-61208 See Also: the Proposed Distribution Plan File Number: 3-13199
Dec. 18, 2009	CIHC, Inc., Conseco Services, LLC, and Conseco Equity Sales, Inc. Release No. 34-61209 See Also: the Proposed Distribution Plan File Number: 3-11578
Dec. 18, 2009	Inviva, Inc. and Jefferson National Life Insurance Company Release No. 34-61210 See Also: the Proposed Distribution Plan File Number: 3-11579
Dec. 17, 2009	American Sports Development Group, Inc., Antex Biologics, Inc. (n/k/a ABI Liquidating Corp.), Cybernet Internet Services International, Inc., Cyper Media, Inc., Frisby Technologies, Inc., Graphco Holdings Corp., Investors Insurance Group, Inc., ITC Learning Corp., and Speizman Industries, Inc. Release No. 34-61188 File Number: 3-13718
Dec. 17, 2009	William J. Carpenter, CPA Release No. 33-9092, 34-61190, AAER-3081 File Number: 3-13719
Dec. 17, 2009	Mark V. Sever, CPA Release No. 33-9094, 34-61193, AAER-3084 File Number: 3-13722
Dec. 17, 2009	John M. Kiss, CPA Release No. 33-9095, 34-61194, AAER-3085 File Number: 3-13723
Dec. 17, 2009	Thomas D. Vogelsinger, CPA Release No. 34-61195, AAER-3086 File Number: 3-13724
Dec. 17, 2009	Ernst & Young LLP Release No. 33-9096, 34-61196, AAER-3087 File Number: 3-13725
Dec. 17, 2009	Bear Wagner Specialists LLC, Release No. 34-61199A File Number: 3-11445
Dec. 17, 2009	Randy G. Fletchall, CPA Release No. 34-61191, AAER-3082 File Number: 3-13720
Dec. 17, 2009	Kenneth W. Peterson, CPA Release No. 33-9093, 34-61192, AAER-3083 File Number: 3-13721
Dec. 16, 2009	Stephen A. Englese Release No. 34-61180, IA-2963
Dec. 16, 2009	Equity Services, Inc. Release No. 34-61181, IA-2964 File Number: 3-13717
Dec. 15, 2009	Mark A. Lefkowitz Release No. 34-61166 File Number: 3-13715
Dec. 14, 2009	AppOnline.com, Inc., AstroPower, Inc., Condor Gold Corp., EPL Technologies, Inc., General Credit Corp., Integra, Inc., Integrated Health Services, Inc., Log On America, Inc., Matlack Systems, Inc., PixTech, Inc., and Virtual Communities, Inc. Release No. 34-61159 File Number: 3-13688
Dec. 14, 2009	Stephen Jay Mermelstein Release No. IA-2961 File Number: 3-13713
Dec. 14, 2009	Ark Asset Management Co., Inc. Release No. IA-2962 File Number: 3-13714
Dec. 11, 2009	Moises Pacheco Release No. IA-2960 File Number: 3-13712
Dec. 10, 2009	Applied Wellness Corporation Release No. 34-61137, AAER-3074 File Number: 3-13707
Dec. 10, 2009	Canadian Imperial Holdings, Inc. and CIBC World Markets Corp. Release No. 34-61142 See Also: the Proposed Distribution Plan File Number: 3-11987
Dec. 10, 2009	Kenneth Mueller, CPA Release No. 34-61146, AAER-3075 File Number: 3-13708
Dec. 10, 2009	Clinton Ronald Greenman, CPA Release No. 34-61147, AAER-3076 File Number: 3-13709
Dec. 10, 2009	John Wilroy, CPA Release No. 34-61148, AAER-3077 File Number: 3-13710
Dec. 10, 2009	Gregory Pasko, CPA Release No. 34-61149, AAER-3078 File Number: 3-13711
Dec. 9, 2009	Robert J. Bradbury and Dolphin and Bradbury, Incorporated Release No. 34-61132 File Number: 3-13706
Dec. 7, 2009	Simpson Capital Management, Inc., Robert A. Simpson, and John C. Dowling Release No. 34-61123A, IA-2958A, IC-29067A File Number: 3-13705
Dec. 4, 2009	Masterpiece Technology Group, MBC Holding Co., MC Industrial Group, Inc., MC Liquidating Corp., Medco Health Corp., Meridian National Corp., MetaSource Group, Inc., Micel Corp., MicroENERGY, Inc., and MicroLeague Multimedia, Inc. Release No. 34-61114 File Number: 3-13680
Dec. 4, 2009	Prudential Equity Group, LLC f/k/a Prudential Securities Inc. Release No. 34-61117 See Also: the Proposed Distribution Plan File Number: 3-12400
Dec. 4, 2009	Federated Investment Management Company, Federated Securities Corp.and Federated Shareholder Services Company Release No. 34-61118 See Also: the Proposed Distribution Plan File Number: 3-12111
Dec. 4, 2009	David Gold Release No. 34-61111 File Number: 3-13703
Dec. 4, 2009	Robert Bernstein Release No. 34-61113, AAER-3072 File Number: 3-13704
Dec. 3, 2009	Raymond Rapaglia Release No. 34-61108 File Number: 3-13647
Dec. 3, 2009	Founding Partners Capital Management Company and William Gunlicks Release No. 34-61109 File Number: 3-12896
Dec. 2, 2009	Masterpiece Technology Group, MBC Holding Co., MC Industrial Group, Inc.,MC Liquidating Corp.,Medco Health Corp., Meridian National Corp.,MetaSource Group, Inc., Micel Corp.,MicroENERGY, Inc., and Microleague Multimedia, Inc. Release No. 34-61092
Dec. 2, 2009	Bruce B. Blatman Release No. 34-61096 File Number: 3-13702
Dec. 2, 2009	Putnam Investment Management, LLC Release No. 34-61098 File Number: 3-11317
Dec. 1, 2009	M.G. Products, Inc. et al. Release No. 34-61082 File Number: 3-13660
Dec. 1, 2009	Banc of America Capital Management, LLC, BACAP Distributors, LLC, and Banc of America Securities, LLC Release No. 34-61088 File Number: 3-11818
Nov. 30, 2009	Stephen R. Moynahan Release No. 34-61069 File Number: 3-13263
Nov. 30, 2009	Home Solutions of America, Inc. Release No. 34-61076 File Number: 3-13699
Nov. 30, 2009	Pacific Acquisition Corp. (a/k/a Pacific Aquisition Corp.), Pan Smak Pizza, Inc., Parkcrest Explorations, Ltd. (n/k/a Fossil Bay Resources, Ltd.), Payline Systems, Inc., PentaStar Communications, Inc., Peruvian Gold, Ltd., Petromin Resources, Ltd., and Pinnacle Property Group, Inc. (n/k/a Ontus Corporation) Release No. 34-61077 File Number: 3-13700
Nov. 30, 2009	Prime Capital Services, Inc., Gilman Ciocia, Inc., Michael P. Ryan, Rose M. Rudden, Christie A. Andersen, Eric J. Brown, Matthew J. Collins, Kevin J. Walsh, and Mark W. Wells Carol Fox Foelak, Administrative Law Judge Release No. 34-61079, IA-2957 File Number: 3-13532
Nov. 25, 2009	Customer Sports, Inc., General Magic, Inc., Leonidas Films, Inc. (n/k/a Consolidated Pictures Group, Inc.), SportsPrize Entertainment, Inc., U.S. Interactive, Inc., and USA Biomass Corp. Release No. 34-61063 File Number: 3-13698
Nov. 25, 2009	Polar Molecular Holding Corporation Release No. 34-61064 File Number: 3-13620
Nov. 24, 2009	Altiva Financial Corp. et al. Release No. 34-61058A File Number: 3-13651
Nov. 24, 2009	Thomas Lester Irby II and Titan Wealth Management, LLC Release No. IA-2956 File Number: 3-13697
Nov. 24, 2009	KHF Advisors, LLC Release No. IA-2954 File Number: 3-13615
Nov. 24, 2009	Appalachian Asset Management, Inc. Release No. IA-2955 File Number: 3-13616
Nov. 24, 2009	Dynamic Sciences International, Inc. Release No. 34-61054 File Number: 3-13694
Nov. 24, 2009	Downey Financial Corp. Release No. 34-61055 File Number: 3-13695
Nov. 24, 2009	ClearComm LP Release No. 34-61056 File Number: 3-13696
Nov. 23, 2009	Valcapx Acquisition Corp., Valuestar Corp., Vandelay, Inc., VelocityHSI, Inc., Ventura Entertainment Group, Ltd. (n/k/a Insight Entertainment Group, Ltd.), and Verida Internet Corp. Release No. 34-61047A File Number: 3-13676
Nov. 20, 2009	Mosaic Nutraceuticals Corp. (f/k/a Mosaic Nutriceuticals Corp.) and Charles T. Townsend Release No. 34-61038 File Number: 3-13691
Nov. 20, 2009	Pacific Lease Group, Inc. Release No. 34-61040 File Number: 3-13621
Nov. 20, 2009	Planet Entertainment Corp., Polifly Financial Corp., Pope Evans & Robbins, Inc., Power Designs, Inc., Prime Motor Inns LP, Pro Net Link Corp., Prospect Group, Inc., Prospect Park Financial Corp., Providence Capital II, Inc. (n/k/a Lifelong.com, Inc.), Pudgie's Chicken, Inc., and PVAXX Corp. Release No. 34-61044
Nov. 20, 2009	Value Line, Inc., Value Line Securities, Inc., Jean Bernhard Buttner, and David Henigson Release No. 34-61045
Nov. 20, 2009	Invesco Funds Group, Inc. Release No. 34-60292A
Nov. 20, 2009	David L. Hersh Release No. IA-2953 File Number: 3-13693
Nov. 19, 2009	William H. Eichengreen Release No. IA-2952 File Number: 3-13690
Nov. 19, 2009	RS Investment Management, Inc., RS Investment Management, L.P., G. Randall Hecht and Steven M. Cohen Release No. 34-61037 File Number: 3-11696
Nov. 19, 2009	J.P. Morgan Securities Inc. Release No. 34-61028 File Number: 3-13673
Nov. 19, 2009	David L. McMillan Release No. 34-61029, IA-2951 File Number: 3-13689
Nov. 17, 2009	AppOnline.com, Inc., AstroPower, Inc., Condor Gold Corp., EPL Technologies, Inc., General Credit Corp., Integra, Inc., Integrated Health Services, Inc., Log On America, Inc., Matlack Systems, Inc., PixTech, Inc., and Virtual Communities, Inc. Release No. 34-61014 File Number: 3-13688
Nov. 17, 2009	Altiva Financial Corp. et al. Release No. 34-61015 File Number: 3-13651
Nov. 17, 2009	PKI Solutions, Inc., Planetgood Technologies, Inc. (n/k/a All American Coffee & Beverage, Inc.), Platronics, Inc., Plus Solutions, Inc., Portacom Wireless, Inc., Portal Net, Ltd., Prime Holdings & Investments, Inc., Pro-After, Inc. (f/k/a PurchasePro.com, Inc.), Project Group, Inc., ProLong International Corp., PSS, Inc., and Purus, Inc. Release No. 34-61018 File Number: 3-13665
Nov. 17, 2009	Universal Food & Beverage Co. Release No. 34-61019 File Number: 3-13629
Nov. 16, 2009	Brooke Corporation and Brooke Capital Corporation Release No. 34-61004 File Number: 3-13603
Nov. 16, 2009	Aura Financial Services, Inc. Release No. 34-61007 File Number: 3-13685
Nov. 16, 2009	Damir Lukovic Release No. 34-61011 File Number: 3-13686
Nov. 13, 2009	William T. Dailey, III Release No. 34-60998, IA-2949 File Number: 3-13684
Nov. 13, 2009	Redtop Mountain Corp.(n/k/a Weblogix, Inc.), Reliable Power Systems, Inc., Renaissance Acceptance Group, Inc., Republic Goldfields, Inc., Rexon, Inc. (n/k/a Tecmar Technologies, Inc.), River Oaks Furniture, Inc., Roberds, Inc., and Rochem Environmental, Inc. Release No. 34-60994 File Number: 3-13662
Nov. 12, 2009	Park Meditech, Inc., Peerless Industrial Group, Inc., Peerless Tube Co., PH Group, Inc., PHC, Inc. Release No. 34-60987 File Number: 3-13663
Nov. 12, 2009	S4 Capital, LLC and Sharath Sury Release No. 33-9083, 34-60993, IA-2948, IC-28996 File Number: 3-13683
Nov. 10, 2009	Merriman Curhan Ford & Co., D. Jonathan Merriman, and Christopher Aguilar Release No. 34-60976 File Number: 3-13681
Nov. 10, 2009	Tolan S. Furusho, Esq. Release No. 34-60982 File Number: 3-13682
Nov. 10, 2009	Ritchie Capital Management LLC, Ritchie Multi-Strategy Global Trading Ltd., A.R. Thane Ritchie and Warren Louis DeMaio Release No. 34-60986 File Number: 3-12947
Nov. 9, 2009	Value America, Inc., VDS Enterprises, Inc., Versent Corp., Viasource Communications, Inc., Viatech Communications Group, Inc., and VideoFlicks.com, Inc. Release No. 34-60964 File Number: 3-13649
Nov. 9, 2009	Masterpiece Technology Group, MBC Holding Co., MC Industrial Group, Inc., MC Liquidating Corp., Medco Health Corp., Meridian National Corp., MetaSource Group, Inc., Micel Corp., MicroENERGY, Inc., and MicroLeague Multimedia, Inc. Release No. 34-60972 File Number: 3-13680
Nov. 6, 2009	National Venture Capital Fund, Inc., Nationsmart Corp., Nationwide Capital Corp., NeoStar Retail Group, Inc., Nesco, Inc., Netship Fulfillment, Inc., New Zealand Petroleum Co., Ltd. (n/k/a Abano Healthcare Group, Ltd.), and Nexiq Technologies, Inc. (f/k/a WPI Termiflex, Inc.) Release No. 34-60947 File Number: 3-13632
Nov. 6, 2009	Western Fidelity Funding, Inc., Western Real Estate Fund, Inc., Willamette Valley, Inc. Microbreweries Across America, Windsor Energy Corp., Wireless Billboards Technologies Corp., and WPB Financiers Ltd. Release No. 34-60948 File Number: 3-13650
Nov. 5, 2009	Altiva Financial Corp. et al. Release No. 34-60943 File Number: 3-13651
Nov. 4, 2009	Minecore International, Inc. Release No. 34-60926 File Number: 3-13672
Nov. 4, 2009	J.P. Morgan Securities Inc. Release No. 33-9078, 34-60928 See Also: 33-9079 , and 33-9080
Nov. 4, 2009	Glenn Manterfield Release No. IA-2943 File Number: 3-13438
Nov. 4, 2009	George Tamura Release No. 34-60927 File Number: 3-13637
Nov. 4, 2009	Pathnet Telecommunications, Inc., Peaches Entertainment Corp., Pet Quarters, Inc., Piccadilly Cafeterias, Inc. (n/k/a Capital City Cornichon Corp.), Pick Communications Corp., and Pipeline Technologies, Inc. Release No. 34-60930 File Number: 3-13636
Nov. 4, 2009	James E. Otto Release No. 34-60935, IA-2944 File Number: 3-13674
Nov. 4, 2009	Value Line, Inc., Value Line Securities, Inc., Jean Bernhard Buttner, and David Henigson Release No. 33-9081, 34-60936, IA-2945, IC-28989
Nov. 4, 2009	Valcapx Acquisition Corp., Valuestar Corp., Vandelay, Inc., VelocityHSI, Inc., Ventura Entertainment Group, Ltd. (n/k/a Insight Entertainment Group, Ltd.), and Verida Internet Corp. Release No. 34-60940 File Number: 3-13676

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