SEC v. Ikenna Ikokwu and his firms (2016)

Judgment entered

Checked against the primary document on October 4, 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 2016 the SEC alleged that a Georgia investment adviser steered clients into FutureGen securities while taking undisclosed kickbacks. On April 2, 2018 the District of Columbia federal court entered final judgments against him and his two firms, with disgorgement of $169,311.64, interest of $6,869.93 and an $80,000 penalty for Ikokwu. The SEC also barred him and one firm from the industry by consent.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-23670
Date filed	2016-09-30
Date resolved	2018-04-02
Court	U.S. District Court, District of Columbia
Status	judgment
Criminal parallel	No
Bars imposed	Securities industry bar with right to reapply after 5 years (Ikokwu and Winning the Money Game with Ike, Inc.), by consent in a separate SEC administrative order
Defendants	Ikenna Ikokwu (individual) ; Winning the Money Game with Ike, Inc. (entity) ; Winning the Money Game, LLC (entity)
Cited as charged or alleged	Advisers Act s.206 ; Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.15(a) ; 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: $80k
Disgorgement: $169k
Prejudgment interest: $6.9k
Total relief: $256k
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 SEC announced this action on September 30, 2016 as release LR-23670. It alleged that Ikenna Ikokwu persuaded more than 20 clients of Winning the Money Game with Ike, Inc. and Winning the Money Game, LLC to invest about $5 million in FutureGen without disclosing the kickbacks he received.

The technique tag is this library's own reading of the conduct the regulator describes; agencies charge statutory provisions, not technique names.

Per the SEC's April 5, 2018 release (LR-24103), final judgments were entered on April 2, 2018 requiring disgorgement of $169,311.64 plus prejudgment interest of $6,869.93, and an $80,000 civil penalty against Ikokwu, along with injunctions. The release says the disgorgement was ordered against Ikokwu and his companies and does not say how it is allocated; we record it once. A separate April 3 order approved a settlement with the FutureGen receiver under which Ikokwu repays a further $64,796.43; that amount is not included here. The release does not say whether the judgments were by consent. Checked on 2026-10-04.

Timeline

2016-09-30 Litigation release published
2018-04-02 Final judgments entered against Ikokwu and his two firms (SEC release LR-24103)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

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.