Matthew Brown and Matthew Brown Companies, LLC

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26673 / October 13, 2026

Securities and Exchange Commission v. Matthew Brown, et al. No. 4:24-cv-00558-O (N.D. Tex. filed June 17, 2024)

SEC Obtains Final Judgments as to Matthew Brown and His Company in Action Alleging Fraudulent Scheme

On September 27, 2026, the U.S. District Court for the Northern District of Texas entered final judgments as to Matthew Brown and his company, Matthew Brown Companies, LLC, in connection with previously-filed fraud charges.

The SEC’s complaint alleged, among other things, that Brown and his company engaged in a fraudulent scheme to submit and publicly tout a bogus offer to invest $200 million in Virgin Orbit Holdings, Inc., formerly a public company listed on Nasdaq under the ticker symbol VORB.

On August 19, 2025, the Court granted the SEC’s motion for summary judgment on liability against Brown and his company. The final judgments as to Brown and Matthew Brown Companies permanently enjoin them from violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and Brown from participating in the issuance, purchase, offer, or sale of any security, except for purchases or sales for his own personal account. In addition, the final judgment as to Brown bars him from serving as an officer or director of a public company and orders him to pay a civil penalty of $236,451.

The entry of the final judgments concludes the litigation.

The SEC’s litigation was led by Patrick Disbennett and supervised by Keefe Bernstein of the SEC’s Fort Worth Regional Office.