SEC v. Andrew Stitt (boiler rooms, 2019)
Judgment entered
Checked against the primary document on October 2, 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.
In 2019, the Securities and Exchange Commission obtained a judgment against Andrew Stitt, alleging conduct this library classifies as boiler rooms and unregistered distributions. The release does not state a monetary figure that we were able to extract.
The record
| Agency | SEC |
|---|---|
| Release number | 3-17621 |
| Date filed | 2019-02-06 |
| Date resolved | 2019-02-06 |
| Court | SEC administrative law judge |
| Status | judgment |
| Asset class | bonds, equities |
| Criminal parallel | No |
| Bars imposed | registration bar, penny stock bar |
| Defendants | Andrew Stitt |
| Cited as charged or alleged | Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.15(a) ; Securities Act s.5 |
| Techniques | Boiler rooms , Unregistered distributions |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
the Securities and Exchange Commission announced this matter on February 6, 2019 as release 3-17621. The respondents named are Andrew Stitt (1 individual, 0 entities). The action was brought in the SEC administrative law judge.
This library tags the matter as boiler rooms and unregistered distributions, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.
The conduct is recorded against bonds and equities.
Non-monetary relief recorded: penny stock bar, registration bar.
For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.
What technique is this, and how does it work?
This action is tagged with 2 techniques in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.
- Boiler rooms — see how it works, what statute it engages, and every other action tagged the same way.
- Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.
Timeline
- 2019-02-06 Initial decision
Primary documents
Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.
Related actions
Other actions in the library sharing at least one technique tag with this one.
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Bio Defense Corporation, et al. (boiler rooms, 2019) | SEC | 2019-09-13 | Boiler Rooms , Unregistered Distributions | — | judgment |
| SEC v. Carol J. Wayland, et al. (boiler rooms, 2019) | SEC | 2019-07-19 | Boiler Rooms , Unregistered Distributions | $465k | judgment |
| SEC v. Peter H. Pocklington, The Eye Machine LLC and others (boiler rooms, 2018) | SEC | 2018-04-05 | Boiler Rooms , Unregistered Distributions | $2.4m | settled |
| SEC v. Steve G. Blasko (boiler rooms, 2017) | SEC | 2017-07-07 | Boiler Rooms , Unregistered Distributions | $945k | judgment |
| SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015) | SEC | 2015-10-01 | Boiler Rooms , Unregistered Distributions | — | settled |
| SEC v. Joseph Hilton a/k/a Joseph Yurkin (boiler rooms, 2013) | SEC | 2013-08-09 | Boiler Rooms , Unregistered Distributions | — | judgment |