SEC v. David Hudzik, No. LR-26455, Eastern District of New York (Dec. 23, 2025) — Press Release
raw: David Hudzik
David Hudzik, No. LR-26455 (E.D.N.Y. Dec. 23, 2025)
David Hudzik, a former consultant for Native American Energy Group, Inc., entered a final consent judgment to resolve SEC allegations of acting as an unregistered broker-dealer.
The SEC obtained a final consent judgment against David Hudzik for selling unregistered shares and misrepresenting commissions. Hudzik was ordered to pay $70,000 in disgorgement, $17,472.10 in prejudgment interest, and a $70,000 civil penalty. The judgment also imposes a permanent injunction against violating various provisions of the Securities Act and Exchange Act.
The U.S. Securities and Exchange Commission successfully obtained a final consent judgment against David Hudzik, a former consultant for Native American Energy Group, Inc. The SEC's enforcement action alleged that Hudzik acted as an unregistered broker-dealer, sold unregistered shares, and misrepresented the commissions he would receive from investor proceeds. Without admitting or denying the allegations, Hudzik consented to the judgment which permanently enjoins him from violating several sections of the Securities Act of 1933 and the Exchange Act of 1934. Financially, Hudzik must pay $70,000 in disgorgement, $17,472.10 in prejudgment interest, and a $70,000 civil penalty. Additionally, the court barred him from serving as an officer or director of a public company and from participating in any penny stock offerings, excluding personal account transactions. The litigation was brought by the SEC’s New York Regional Office.
Exhibits & Attached Documents (1)
Extracted insights
- $70K $70,000 $10K–$100K
- $17K $17,472 $10K–$100K
- person david hudzik
- person final judgment
- agency Securities and Exchange Commission
- person sheldon l. pollock
- Securities And Exchange Commission obtained final consent judgment as to David Hudzik in the SEC’s civil enforcement action against Native American Energy Group, Inc., its CEO Joseph D’Arrigo, and Hudzik
- Securities And Exchange Commission alleged that Hudzik acted as an unregistered broker-dealer, sold unregistered shares of Native American Energy Group, and misrepresented to prospective investors the commission he stood to receive from the proceeds
- David Hudzik consented to entry of a final judgment that permanently enjoins him from violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder
- Final Judgment orders Hudzik to pay disgorgement of $70,000, plus prejudgment interest of $17,472.10, and a civil penalty of $70,000
- Final Judgment bars Hudzik from serving as an officer or director of a public company, and from participating in any offering of a penny stock, except for purchases or sales in his personal account
- Securities And Exchange Commission led litigation by David Zetlin-Jones, Benjamin Mishkin, and Gerald Gross of the SEC’s New York Regional Office
- Matter was supervised by Sheldon L. Pollock
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26455 / December 23, 2025Securities and Exchange Commission v. Native American Energy Group, Inc., et al., No. 23-cv-4455 (E.D.N.Y. filed June 16, 2023)SEC Obtains Final Consent Judgment as to Unregistered Broker-Dealer in Alleged Offering FraudOn December 11, 2025, the U.S. District Court for the Eastern District of New York entered a final consent judgment as to David Hudzik in the SEC’s civil enforcement action against Native American Energy Group, Inc., its CEO, Joseph D’Arrigo, and Hudzik, a former consultant for Native American Energy Group. Entry of the final consent judgment resolved the SEC’s claims against Hudzik.The SEC’s complaint, filed on June 16, 2023, alleged that Hudzik acted as an unregistered broker-dealer, sold unregistered shares of Native American Energy Group, and misrepresented to prospective investors the commission he stood to receive from the proceeds.Without admitting or denying the allegations in the SEC’s complaint, Hudzik consented to the entry of a final judgment that permanently enjoins him from violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition, the judgment orders Hudzik to pay disgorgement of $70,000, plus prejudgment interest thereon of $17,472.10, and a civil penalty of $70,000, and bars Hudzik from serving as an officer or director of a public company, and from participating in any offering of a penny stock, except for purchases or sales in his personal account.The SEC’s litigation is led by David Zetlin-Jones, Benjamin Mishkin, and Gerald Gross, all of the SEC’s New York Regional Office. The matter was supervised by Sheldon L. Pollock.
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26455 / December 23, 2025Securities and Exchange Commission v. Native American Energy Group, Inc., et al., No. 23-cv-4455 (E.D.N.Y. filed June 16, 2023)SEC Obtains Final Consent Judgment as to Unregistered Broker-Dealer in Alleged Offering FraudOn December 11, 2025, the U.S. District Court for the Eastern District of New York entered a final consent judgment as to David Hudzik in the SEC’s civil enforcement action against Native American Energy Group, Inc., its CEO, Joseph D’Arrigo, and Hudzik, a former consultant for Native American Energy Group. Entry of the final consent judgment resolved the SEC’s claims against Hudzik.The SEC’s complaint, filed on June 16, 2023, alleged that Hudzik acted as an unregistered broker-dealer, sold unregistered shares of Native American Energy Group, and misrepresented to prospective investors the commission he stood to receive from the proceeds.Without admitting or denying the allegations in the SEC’s complaint, Hudzik consented to the entry of a final judgment that permanently enjoins him from violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition, the judgment orders Hudzik to pay disgorgement of $70,000, plus prejudgment interest thereon of $17,472.10, and a civil penalty of $70,000, and bars Hudzik from serving as an officer or director of a public company, and from participating in any offering of a penny stock, except for purchases or sales in his personal account.The SEC’s litigation is led by David Zetlin-Jones, Benjamin Mishkin, and Gerald Gross, all of the SEC’s New York Regional Office. The matter was supervised by Sheldon L. Pollock.