SEC: Commission Opinions & Adjudicatory Orders

SEC Denies Reconsideration for Southeast Investments and Frank Harmon Black

The SEC denied a motion for reconsideration filed by Southeast Investments, N.C., Inc. and Frank Harmon Black regarding a prior disciplinary action by FINRA. The Commission found the motion failed to meet the standards for reconsideration, reiterating arguments previously made and not presenting new evidence.

SEC Order Directing Additional Briefing for Chester Lu

The SEC issued an order directing Chester Lu to file additional briefing regarding his application to review action by a self-regulatory organization (SRO). Lu's application alleges fraud by a cryptocurrency exchange, but the SEC requires clarification on whether the exchange is an SRO and if its actions fall within the scope of SEC review.

SEC Order to Show Cause against Christian A. Cuesta

The SEC has issued an Order to Show Cause against Christian A. Cuesta for failing to file an answer to an earlier order instituting administrative proceedings. Cuesta must respond by March 30, 2026, or face potential default judgment and sanctions.

SEC Order to Show Cause against Marco A. Rosas

The SEC has issued an Order to Show Cause against Marco A. Rosas for failing to file an answer to an earlier order instituting administrative proceedings. Rosas must respond by March 30, 2026, or face potential default judgment and sanctions.

SEC v. Chimene Van Gundy - Order to Show Cause

The SEC has issued an order to show cause against Chimene Van Gundy for failing to file an answer in an administrative proceeding. Van Gundy must respond by March 31, 2026, or face potential default judgment and sanctions.

SEC Order to Show Cause Against BorrowMoney.com

The SEC has issued an order to show cause against BorrowMoney.com, Inc. for failing to respond to an earlier order instituting proceedings. The company must explain why its securities registration should not be revoked by March 19, 2026.

SEC Grants FINRA Extension for Kaplan Review

The SEC has granted FINRA an extension to file the certified record in the administrative proceeding concerning Adam Scott Kaplan and Daniel Evan Kaplan. FINRA must now file the record by March 31, 2026. The SEC also requested briefing from FINRA on the applicants' stay request.

SEC Reviews FINRA Action - Adam Strege

The SEC reviewed FINRA's action prohibiting Adam Strege from accessing its customer arbitration forum. The Commission partially set aside FINRA's order, dismissing the denial of current access but vacating the prospective ban on future attempts.

SEC Extends Decision Time for Laurence G. Allen

The Securities and Exchange Commission (SEC) has extended the decision deadline for Laurence G. Allen by 90 days in an administrative proceeding. The new deadline for issuing a decision is June 10, 2026.

SEC Denies Sandeep Aggarwal's Motion to Vacate Bar

The SEC denied Sandeep Aggarwal's motion to vacate or modify bars previously imposed in a 2014 settlement order. Aggarwal sought to remove bars from association with broker-dealers and participation in penny stock offerings, which stemmed from his 2013 injunction and criminal conviction for securities fraud.