SEC v. Joseph Hilton a/k/a Joseph Yurkin (boiler rooms, 2013)

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.

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In 2013, the SEC barred Joseph Hilton, also known as Joseph Yurkin, from associating with any broker, dealer or investment adviser, on a settled basis, after a 2013 injunction over his sales of oil drilling partnership units through a boiler room he managed in 2011 and 2012.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	34-70152
Date filed	2013-08-09
Date resolved	2013-08-09
Status	judgment
Asset class	bonds
Criminal parallel	No
Bars imposed	registration bar
Defendants	Joseph Hilton (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.15(a) ; Securities Act s.17(a) ; Securities Act s.5 (statutes and rules cited in the document; not a finding that they were violated)
Techniques	Boiler rooms , Unregistered distributions

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
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 August 9, 2013 as release 34-70152. The respondent named is one person, Joseph Hilton, also known as Joseph Yurkin; earlier versions of this record listed two. The order finds that from March 2011 to January 2012 he sold limited partnership units in Tennessee oil drilling projects, managing a boiler room and two paid sales agents while unregistered and already barred from association with a broker-dealer since 2008. A February 2013 consent judgment enjoined him under Securities Act Sections 5 and 17(a) and Exchange Act Sections 10(b) and 15(a)(1); this follow-on order bars him from the industry.

This library tags the matter as boiler rooms, 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.

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.

Boiler rooms — 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

2013-08-09 Administrative proceeding instituted (findings)

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.

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

Action	Agency	Filed	Technique	Penalty	Status
SEC v. Bio Defense Corporation, et al. (boiler rooms, 2019)	SEC	2019-09-13	Boiler Rooms , Unregistered Distributions	—	judgment
SEC v. Carol J. Wayland, et al. (boiler rooms, 2019)	SEC	2019-07-19	Boiler Rooms , Unregistered Distributions	$465k	judgment
SEC v. Andrew Stitt (boiler rooms, 2019)	SEC	2019-02-06	Boiler Rooms , Unregistered Distributions	—	judgment
SEC v. Peter H. Pocklington, The Eye Machine LLC and others (boiler rooms, 2018)	SEC	2018-04-05	Boiler Rooms , Unregistered Distributions	$2.4m	settled
SEC v. Steve G. Blasko (boiler rooms, 2017)	SEC	2017-07-07	Boiler Rooms , Unregistered Distributions	$945k	judgment
SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015)	SEC	2015-10-01	Boiler Rooms , Unregistered Distributions	—	settled

Record added September 10, 2026. submit a correction.