SEC v. Erik H. Perry (undisclosed control blocks, 2014)

Settled

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In July 2014 the SEC settled administrative proceedings against Erik Perry, former chief executive of Natural Blue Resources, finding he misled investors and let outside consultants with criminal and regulatory histories control the company without disclosing their roles. He agreed to a $150,000 penalty and officer-director and penny-stock bars.

The record

What was ordered

Civil penalty

$150k

Disgorgement

—

Prejudgment interest

—

Total relief

$150k

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 Securities and Exchange Commission instituted and settled this proceeding on July 16, 2014 (Securities Act release 9615), without admission or denial by Perry.

Perry was chief executive and chairman of Natural Blue Resources from January to June 2011. The order finds he misrepresented material facts in a press release, on the company website and orally to investors, and that the company's filings concealed the criminal and regulatory histories of purported outside consultants. It also finds he caused violations by allowing those consultants to control and profit from the company while their roles as de facto officers went undisclosed. A reverse merger by which the company was created is mentioned only as background.

This library tags the matter as undisclosed control blocks because of the concealed de facto control. The record previously carried the reverse-merger tag. The tagging is ours, not the regulator's.

Perry was ordered to cease and desist from the antifraud provisions, barred from serving as an officer or director of a public reporting company and from penny-stock offerings, and ordered to pay a $150,000 civil penalty. The record had shown $75,000, a figure that appears in the order only as a penalty against a consultant in an earlier case.

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 one technique 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.

• Undisclosed control blocks — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2014-07-16 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.

Related actions

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

Record added September 10, 2026. submit a correction.