SEC v. Anthony Guarino (2024)

Settled

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.

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In 2024, the Securities and Exchange Commission settled an administrative proceeding with Anthony Guarino, who the order finds acted as an unregistered broker selling interests in the StraightPath and Legend pre-IPO funds to at least 12 investors. The order records a civil penalty of $100,000, disgorgement of $388,684 and prejudgment interest of $42,604.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	34-101006
Date filed	2024-09-12
Date resolved	2024-09-12
Status	settled
Asset class	bonds, equities
Criminal parallel	No
Bars imposed	registration bar
Defendants	Anthony Guarino (individual)
Cited as charged or alleged	Exchange Act s.15(a) ; 18 U.S.C. 371 (conspiracy) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $100k
Disgorgement: $389k
Prejudgment interest: $42.6k
Total relief: $531k
Alleged gain: $389k

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 Securities and Exchange Commission announced this matter on September 12, 2024 as release 34-101006. The respondent named is Anthony Guarino, who the order finds worked from November 2019 to August 2022 as a sales agent for StraightPath Venture Partners and Legend Venture Partners, soliciting about $4 million from at least 12 investors in fund interests said to hold pre-IPO shares, and earning $388,684 in transaction-based compensation without ever being registered as a broker. The findings were made on a settled basis without admission or denial.

The order's only boiler room references are to Mr Guarino's own earlier criminal convictions, including a 2013 guilty plea for running a boiler room from 2002 to 2010. Those are background to his history, not the conduct charged here, which is unregistered brokering of fund interests, so the boiler-room tag is removed and the record carries no technique tag.

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.

Timeline

2024-09-12 Administrative proceeding instituted (cease-and-desist)

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.