SEC v. Coplan and Jenny E. (ponzi schemes, 2014)

Judgment entered

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In March 2014 the SEC instituted administrative proceedings against Jenny E. Coplan, alleging she sold unregistered promissory notes and investments of Immigration General Services, LLC while acting as an unregistered broker. An initial decision of May 1, 2014 became final on June 12, 2014, barring her from the securities industry and from penny stock offerings.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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

On March 18, 2014 the SEC instituted proceedings against Jenny E. Coplan under Exchange Act Section 15(b), based on a civil complaint. The complaint alleged that as president and managing member of Immigration General Services, LLC she solicited investors for its notes and investments, sold unregistered securities and acted as an unregistered broker, and misled investors about safety and use of funds. The order states allegations only. The record previously showed her as two defendants, 'Coplan' and 'Jenny E.'.

This library tags the matter as ponzi schemes and unregistered distributions, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

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.

Outcome. The Commission's notice of June 12, 2014 says no petition for review was filed, so the administrative law judge's initial decision (Release No. 595, May 1, 2014) became final as to Coplan. As described there, it bars her from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or rating organization and from participating in a penny stock offering. The notice mentions no penalty or disgorgement. The proceeding was a follow-on to a civil complaint, so the initial decision may rest on that case; we read the finality notice, not the decision.

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.

• Ponzi schemes — 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

1. 2014-03-18 Administrative proceeding instituted (administrative)
2. 2014-06-12 Notice that the initial decision (May 1, 2014) has become final: industry and penny stock bars

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
• SEC notice that initial decision has become final (34-72383)

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.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.