SEC v. George N. Krinos (2017)
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 2017 the SEC reported that George N. Krinos, already subject to a final 2016 administrative decision, pleaded guilty to securities fraud and tax charges.
The record
| Agency | SEC |
|---|---|
| Release number | LR-23724 |
| Date filed | 2017-01-23 |
| Status | judgment |
| Asset class | equities |
| Criminal parallel | Yes: guilty plea (George N. Krinos (two-count criminal information)), U.S. District Court, Northern District of Ohio, 2017-01-12 |
| Bars imposed | registration bar |
| Defendants | George N. Krinos |
| Cited as charged or alleged | Advisers Act s.206 ; Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.13(a) ; Securities Act s.17(a) |
| Techniques |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
The January 23, 2017 release reports that Krinos pleaded guilty on January 12, 2017 to a two-count information alleging a securities fraud scheme that took nearly $1.2 million from investors and failure to pay payroll taxes. In the earlier administrative case the Division alleged he raised about $1 million through unregistered sales of stock and notes while lying about use of the funds. The charges there were fraud and Advisers Act violations, and a December 2015 default decision, final in February 2016, imposed a bar and a cease-and-desist order and ordered payment of more than $1.4 million combined in disgorgement, interest and penalty.
No Section 5 charge is made. The $1.4 million is a combined figure that the release does not split, so disgorgement is left blank. The record carries no technique tag.
This library does not assign a technique tag to the matter, because no technique page in the current taxonomy describes the conduct the document records.
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
- 2017-01-23 Litigation release published
Primary documents
Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.