Geoffrey Allen Wall

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26524 / April 9, 2026

Securities and Exchange Commission v. Jay Scott Kirk Lee, et al., 21-cv-1199 (D. Mass. filed Dec. 9, 2021)

SEC Obtains Final Consent Judgment as to Former Stockbroker Alleged to Have Participated in a Fraudulent Penny Stock Pump and Dump Scheme

On April 8, 2026, the United States District Court for the District of Massachusetts entered a final consent judgment as to Geoffrey Allen Wall in the SEC’s civil enforcement action against him.

The SEC’s complaint, filed on December 9, 2021, alleged that from at least 2012 through at least 2016, Wall and his two codefendants, Jay Scott Kirk Lee and Benjamin Thompson Kirk, perpetrated a fraudulent scheme involving a series of penny stock dumps using a fraudulent offshore trading platform, netting Wall and his codefendants millions of dollars in illicit profits.

Without admitting or denying the allegations in the SEC’s complaint, Wall consented to a final judgment that: (1) permanently enjoins him from violating Sections 5 and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; (2) permanently enjoins him from participating in the issuance, purchase, offer, or sale of any security, unless such security is listed on a national securities exchange and transacted for Wall’s own personal account; (3) permanently bars him from participating in an offering of penny stock; and (4) orders him to pay disgorgement of $3,187,277 plus $1,081,662 in prejudgment interest.

The SEC’s litigation, which is ongoing, is led by Jim Smith under the supervision of David Nasse. The SEC’s investigation was conducted by Steven Susswein and Edward Gerard, and supervised by J. Lee Buck, II and Pei Y. Chung.