SEC v. John Feloni and Stock Squirrel, Inc. (2023)

Settled

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In September 2023 the SEC charged John Feloni and Stock Squirrel, Inc. over an alleged offering fraud. Both consented to final judgments on February 8, 2024, with disgorgement of $1,719,871 and interest of $158,839.51 jointly and a $223,229 penalty against Feloni.

The record

What was ordered

Civil penalty

$223k

Disgorgement

$1.7m

Prejudgment interest

$159k

Total relief

$2.1m

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 announced this matter on September 29, 2023 as release LR-25871. The complaint alleges that Feloni and his app company took almost $2.5 million from about 180 investors, that Feloni misappropriated about $1.6 million, and that new-investor money was used for Ponzi-like payments to prior investors, which is one allegation within an unregistered-offering and fraud case. Officer-and-director and penny-stock bars are sought, not imposed.

This library does not tag the matter as a Ponzi scheme: on a source check, the document mentions Ponzi-like payments only in passing, or as part of another party's scheme, and the charges are about something else. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The SEC reported on February 12, 2024 that final judgments were entered against Feloni and Stock Squirrel on February 8, 2024, on consent and without admission or denial. Both are enjoined from violating Sections 5(a), 5(c) and 17(a) and Section 10(b) with Rule 10b-5, and are jointly and severally liable for disgorgement of $1,719,871 and prejudgment interest of $158,839.51. Feloni was also ordered to pay a $223,229 penalty, barred from serving as an officer or director of a public company, subjected to a penny stock bar and enjoined from participating in securities offerings except for his own account.

The release describes the alleged conduct as taking about $2.5 million from roughly 180 investors; those remain the SEC's allegations.

Timeline

1. 2023-09-29 Litigation release published
2. 2024-02-08 Final consent judgments entered against Feloni and Stock Squirrel

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 litigation release
• SEC litigation release reporting the outcome

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.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.