SEC v. Scuderi Group, Inc. and Salvatore Scuderi (unregistered distributions, 2013)

Settled

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In 2013 the SEC settled an administrative order against Scuderi Group, Inc. and Salvatore Scuderi over unregistered offerings of stock and misleading disclosure, with a $100,000 penalty on Scuderi.

The record

What was ordered

Civil penalty

$100k

Disgorgement

—

Prejudgment interest

—

Total relief

$100k

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

On May 30, 2013 the SEC accepted settlements with Scuderi Group, Inc. and its founder Salvatore Scuderi. The order finds that the engine developer sold stock in unregistered, non-exempt offerings, violating Securities Act Sections 5(a) and 5(c), and that Scuderi violated Section 17(a)(2), with disclosure failures under the Exchange Act. Scuderi is ordered to pay a $100,000 civil penalty. The record previously showed the respondents as one name.

This library tags the matter as 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 one technique 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.

• Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2013-05-30 Administrative proceeding instituted (cease-and-desist)

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.

Related actions

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

Record added September 10, 2026. submit a correction.