SEC v. David Hudzik — U.S. Securities and Exchange Commission Litigation Release No. 26455, dated December 23, 2025.
The SEC charged Native American Energy Group, Inc., its CEO, and a consultant with fraud related to an unregistered securities offering. The consultant, David Hudzik, acted as an unregistered broker-dealer and misrepresented his commissions. He has now settled with the SEC, agreeing to pay disgorgement, interest, and a civil penalty, and is barred from certain activities.
Imagine someone selling shares in a company like a salesperson, but they weren't licensed to do that job. This person also told people they'd get a cut of the money, but didn't tell them the full story. Now, a court has ordered this person to pay back money they made, plus extra fees, and has banned them from selling certain types of stocks in the future.
Disclaimer: all facts are drawn from the SEC's own filings; the claims described are allegations unless and until a court rules or the parties settle, and some cases end in dismissal.
On December 11, 2025, the U.S. District Court for the Eastern District of New York entered a final consent judgment against David Hudzik. Hudzik was permanently enjoined from violating securities laws, ordered to pay $70,000 in disgorgement, $17,472.10 in prejudgment interest, and a $70,000 civil penalty. He is also barred from serving as an officer or director of a public company and from participating in any penny stock offering, except for personal trades.
Named in this action: David Hudzik.