In re Mark Alan Lisser

 
 
 UNITED STATES OF AMERICA 
 Before the 
 SECURITIES AND EXCHANGE COMMISSION 
 
SECURITIES EXCHANGE ACT OF 1934 
Release No. 95785 / September 15, 2022 
 
ADMINISTRATIVE PROCEEDING 
File No. 3-21083 
 
In the Matter of 
 
Mark Alan Lisser,   
 
Respondent. 
 
ORDER INSTITUTING  
ADMINISTRATIVE PROCEEDINGS 
PURSUANT TO SECTION 15(b) OF THE 
SECURITIES EXCHANGE ACT OF 1934, 
MAKING FINDINGS, AND IMPOSING 
REMEDIAL SANCTIONS 
 
 
I. 
 
 The Securities and Exchange Commission (“Commission”) deems it appropriate and in the 
public interest that public administrative proceedings be, and hereby are, instituted pursuant to 
Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) Mark Alan Lisser 
(“Lisser” or “Respondent”).   
 
II. 
 
 In anticipation of the institution of these proceedings, Respondent has submitted an Offer 
of Settlement (the “Offer”) which the Commission has determined to accept.  Solely for the 
purpose of these proceedings and any other proceedings brought by or on behalf of the 
Commission, or to which the Commission is a party, Respondent admits the Commission’s 
jurisdiction over him and the subject matter of these proceedings, and the findings contained in 
paragraph III.2 below, and consents to the entry of this Order Instituting Administrative 
Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, 
and Imposing Remedial Sanctions (“Order”), as set forth below.   
 
III. 
 
 On the basis of this Order and Respondent’s Offer, the Commission finds that: 
 
1. From October 5, 2018 to about March 8, 2019, Lisser, 41, and a resident of 
Massapequa, New York, owned and operated Knightsbridge Private Partners LLC, which operated 
as an unregistered broker-dealer.   
 

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2. On May 12, 2021, Lisser pleaded guilty to one count of conspiracy to commit 
securities fraud in violation of Title 15 United States Code, Section 371, before the United States 
District Court for the Eastern District of New York, in United States v. Mark Alan Lisser, No. 21 
Cr. 210 (E.D.N.Y.).  On July 25, 2022, a judgment in the criminal case was entered against Lisser.  
He was sentenced to a prison term of 24 months followed by two years of supervised release and 
ordered to make restitution in the amount of $1,486,772.02 and to forfeit the amount of 
$370,517.74. 
 
 3. The count of the criminal information to which Lisser pleaded guilty alleged, inter 
alia, that Lisser defrauded investors and obtained money and property by conspiring to use and 
employ one or more manipulative and deceptive devices and contrivances which would and did 
operate as fraud and deceit upon one or more investors and potential investors, in connection with 
the purchase and sale of investments in certain securities by use of means and instrumentalities of 
interstate commerce and the mails. 
 
IV. 
 
 In view of the foregoing, the Commission deems it appropriate and in the public interest to 
impose the sanctions agreed to in Respondent’s Offer. 
 
 Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act that 
Respondent be, and hereby is barred from association with any broker, dealer, investment adviser, 
municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical 
rating organization; and 
 
 Pursuant to Section 15(b)(6) of the Exchange Act Respondent be, and hereby is barred from 
participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, 
agent or other person who engages in activities with a broker, dealer or issuer for purposes of the 
issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of 
any penny stock.  
 
Any reapplication for association by the Respondent will be subject to the applicable laws 
and regulations governing the reentry process, and reentry may be conditioned upon a number of 
factors, including, but not limited to, compliance with the Commission’s order and payment of any 
or all of the following:  (a) any disgorgement or civil penalties ordered by a Court against the 
Respondent in any action brought by the Commission; (b) any disgorgement amounts ordered 
against the Respondent for which the Commission waived payment; (c) any arbitration award 
related to the conduct that served as the basis for the Commission order; (d) any self-regulatory 
organization arbitration award to a customer, whether or not related to the conduct that served as  

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the basis for the Commission order; and (e) any restitution order by a self-regulatory organization, 
whether or not related to the conduct that served as the basis for the Commission order. 
 
 By the Commission. 
 
  
 
 
 
Vanessa A. Countryman 
Secretary 
 
 

UNITED STATES OF AMERICA 

 Before the 

 SECURITIES AND EXCHANGE COMMISSION 

 

SECURITIES EXCHANGE ACT OF 1934 

Release No. 95785 / September 15, 2022 

 

ADMINISTRATIVE PROCEEDING 

File No. 3-21083 

 

In the Matter of 

 

Mark Alan Lisser,   

 

Respondent. 

 

ORDER INSTITUTING  

ADMINISTRATIVE PROCEEDINGS 

PURSUANT TO SECTION 15(b) OF THE 

SECURITIES EXCHANGE ACT OF 1934, 

MAKING FINDINGS, AND IMPOSING 

REMEDIAL SANCTIONS 

 

 

I. 
 

 The Securities and Exchange Commission (“Commission”) deems it appropriate and in the 

public interest that public administrative proceedings be, and hereby are, instituted pursuant to 

Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) Mark Alan Lisser 

(“Lisser” or “Respondent”).   

 

II. 
 

 In anticipation of the institution of these proceedings, Respondent has submitted an Offer 

of Settlement (the “Offer”) which the Commission has determined to accept.  Solely for the 

purpose of these proceedings and any other proceedings brought by or on behalf of the 

Commission, or to which the Commission is a party, Respondent admits the Commission’s 

jurisdiction over him and the subject matter of these proceedings, and the findings contained in 

paragraph III.2 below, and consents to the entry of this Order Instituting Administrative 

Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, 

and Imposing Remedial Sanctions (“Order”), as set forth below.   

 

III. 
 

 On the basis of this Order and Respondent’s Offer, the Commission finds that: 

 

1. From October 5, 2018 to about March 8, 2019, Lisser, 41, and a resident of 

Massapequa, New York, owned and operated Knightsbridge Private Partners LLC, which operated 

as an unregistered broker-dealer.   

 



 2 

2. On May 12, 2021, Lisser pleaded guilty to one count of conspiracy to commit 

securities fraud in violation of Title 15 United States Code, Section 371, before the United States 

District Court for the Eastern District of New York, in United States v. Mark Alan Lisser, No. 21 

Cr. 210 (E.D.N.Y.).  On July 25, 2022, a judgment in the criminal case was entered against Lisser.  

He was sentenced to a prison term of 24 months followed by two years of supervised release and 

ordered to make restitution in the amount of $1,486,772.02 and to forfeit the amount of 

$370,517.74. 

 

 3. The count of the criminal information to which Lisser pleaded guilty alleged, inter 

alia, that Lisser defrauded investors and obtained money and property by conspiring to use and 

employ one or more manipulative and deceptive devices and contrivances which would and did 

operate as fraud and deceit upon one or more investors and potential investors, in connection with 

the purchase and sale of investments in certain securities by use of means and instrumentalities of 

interstate commerce and the mails. 

 

IV. 

 

 In view of the foregoing, the Commission deems it appropriate and in the public interest to 

impose the sanctions agreed to in Respondent’s Offer. 

 

 Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act that 

Respondent be, and hereby is barred from association with any broker, dealer, investment adviser, 

municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical 

rating organization; and 

 

 Pursuant to Section 15(b)(6) of the Exchange Act Respondent be, and hereby is barred from 

participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, 

agent or other person who engages in activities with a broker, dealer or issuer for purposes of the 

issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of 

any penny stock.  

 

Any reapplication for association by the Respondent will be subject to the applicable laws 

and regulations governing the reentry process, and reentry may be conditioned upon a number of 

factors, including, but not limited to, compliance with the Commission’s order and payment of any 

or all of the following:  (a) any disgorgement or civil penalties ordered by a Court against the 

Respondent in any action brought by the Commission; (b) any disgorgement amounts ordered 

against the Respondent for which the Commission waived payment; (c) any arbitration award 

related to the conduct that served as the basis for the Commission order; (d) any self-regulatory 

organization arbitration award to a customer, whether or not related to the conduct that served as  



 3 

the basis for the Commission order; and (e) any restitution order by a self-regulatory organization, 

whether or not related to the conduct that served as the basis for the Commission order. 

 

 By the Commission. 

 

  

 

 

 

Vanessa A. Countryman 

Secretary