SEC v. Naris Chamroonrat (2017)

Judgment entered

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In September 2017 the SEC announced a New Jersey final judgment against Naris Chamroonrat, an operator of the phony Nonko Trading day-trading firm, ordering $918,147 in disgorgement and $71,549 in interest, deemed satisfied by criminal restitution.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-23946
Date filed	2017-09-28
Date resolved	2017-09-28
Court	U.S. District Court, District of New Jersey
Status	judgment
Criminal parallel	Yes: guilty plea (Naris Chamroonrat), U.S. District Court, District of New Jersey
Defendants	Naris Chamroonrat (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) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: —
Disgorgement: $918k
Prejudgment interest: $71.5k
Total relief: $990k
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 September 18, 2017 judgment permanently enjoins him from antifraud and broker registration violations. He pleaded guilty in a parallel criminal case and awaited sentencing. The scheme, as the SEC describes it, gave customers simulated accounts whose orders never reached the market, taking more than $1.4 million from hundreds of investors.

It is a fake-brokerage fraud, not a Ponzi scheme, so the ponzi-schemes tag has been removed, as on the earlier Nonko Trading records. The record had no money.

Timeline

2017-09-28 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.

SEC litigation release

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.