SEC v. Abner Silva (2019)

Settled

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In September 2019 the SEC settled proceedings against Abner Silva, a former DS Healthcare executive, over overstated revenue in the company's 2015 reports. He agreed to an $80,000 penalty. The order concerns financial reporting fraud, not insider trading.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	3-19426
Date filed	2019-09-06
Date resolved	2019-09-06
Status	settled
Asset class	equities
Venue	Nasdaq
Criminal parallel	No
Defendants	Abner Silva (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.13(a) ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $80k
Disgorgement: —
Prejudgment interest: —
Total relief: $80k
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Commission found that during the first three quarters of 2015 Silva and others overstated revenue through fictitious sales, overbilling and credits, and improper end-of-quarter, bill-and-hold and consignment shipments, making the company's quarterly reports and registration statements false. The record's insider-trading tag has been removed because the order does not concern trading. He agreed to pay a civil penalty of $80,000.

Timeline

2019-09-06 Administrative proceeding instituted (102e)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.