SEC v. Amrit J. S. Chahal (2019)

Judgment entered

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.

Report an error in this record (sec-amrit-j-s-chahal-2019) by email

In June 2019 the SEC announced a final judgment against Fairfax, Virginia adviser Amrit Chahal for taking about $1.4 million from some 50 friends and family through Kane Capital Investment Group after hiding trading losses. The court ordered $1,232,510 of disgorgement, deemed satisfied by criminal forfeiture; he got 30 months in prison and an industry bar.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-24517
Date filed	2019-06-27
Date resolved	2019-06-27
Court	U.S. District Court, Eastern District of Virginia
Status	judgment
Asset class	bonds
Criminal parallel	Yes: sentenced (Chahal)
Sentence	2y 6m
Bars imposed	registration bar
Defendants	Amrit J. S. Chahal (individual)
Cited as charged or alleged	Advisers Act s.206 ; Exchange Act s.10(b) and Rule 10b-5 ; 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: —
Disgorgement: $1.2m
Prejudgment interest: —
Total relief: $1.2m
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 SEC announced the judgment of June 21, 2019 on June 27, 2019 (LR-24517) in the Eastern District of Virginia. Chahal lied about returns, spent investor money on a luxury car, rent and travel, and made some payments to earlier investors. He was also sentenced criminally with $445,633 of restitution and settled a CFTC case.

The record omitted the disgorgement, the sentence and the bar. The Ponzi tag is removed because the release describes concealed trading losses and misuse of funds, with Ponzi-like payments one use among several.

Timeline

2019-06-27 Litigation release published

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 litigation release

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.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2018-04-12	SEC	SEC v. Amrit J. S. Chahal (ponzi schemes, 2018)	Judgment entered
2019-06-27	SEC	SEC v. Amrit J. S. Chahal (2019)(this record)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.