Vidul Prakash

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26495 / February 27, 2026

Securities and Exchange Commission v. Vidul Prakash, No. 5:23-cv-03300-BLF (N.D. Cal. filed July 3, 2023)

SEC Dismisses Civil Enforcement Action Against Former Chief Financial Officer

On February 27, 2026, the U.S. Securities and Exchange Commission filed a joint stipulation with Vidul Prakash to dismiss, with prejudice, the Commission’s civil enforcement action against him.

As stated in the joint stipulation, the Commission’s decision to exercise its discretion and seek dismissal is “based on the facts and circumstances of this case and its ongoing review of the evidence, including evidence developed in discovery” and “does not reflect the SEC’s position on any other case.”