SEC v. Chanon Gordon (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 September 2024 the SEC settled charges against Chanon Gordon for letting Wilson Baston, a convicted felon, use Gordon's real estate companies and bank accounts despite red flags, causing Baston's violations of Sections 17(a)(2) and (3). Gordon agreed to disgorge $8,106 with $800 of interest and to pay a $25,000 penalty.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	33-11301
Date filed	2024-09-03
Date resolved	2024-09-03
Status	settled
Criminal parallel	Yes: guilty plea (Wilson Baston (third party whose scheme the order describes; not Gordon)), S.D.N.Y., 2024-01-31
Defendants	Chanon Gordon (individual)
Cited as charged or alleged	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: $25k
Disgorgement: $8.1k
Prejudgment interest: $800
Total relief: $33.9k
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 order finds that Gordon met Baston in prison in 2016, struck a handshake deal to flip houses with him, and then allowed Baston to use Gordon Management entities, accounts and name, though he knew Baston's history and ignored warning signs. Baston's 2018-2022 scheme took more than $10 million from at least 19 investors; Baston was charged and pleaded guilty to securities fraud.

The sanctions are a cease-and-desist order, disgorgement of $8,106 with prejudgment interest of $800, and a $25,000 penalty; the record showed only the disgorgement.

No technique tag is applied. The Ponzi scheme in the document is Baston's 2007 conviction, mentioned as background; the 2018-2022 scheme is not described as one.

Timeline

2024-09-03 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.