Securities Enforcement Empirical Database (SEED)

Defendant Name: Fredi Nisan

Defendant Type: Individual

Legal Case Name SEC v. RYVYL Inc., Fredi Nisan, and Benzion Errez

First Document Date 27-Apr-2026

Initial Filing Format Civil Proceeding

Case Number 26-cv-02672

Allegation Type Issuer Reporting and Disclosure

Federal District Court California, Southern District of California

Exchange Act

• Sec 10(b) + Rule 10b-5

Securities Act

• Sec 17(a) (Not specified)

Fredi Nisan is alleged to have aided and abetted RYVYL, Inc.'s violation of Rule 12b-20 of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 12b-20 of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted RYVYL, Inc.'s violation of Sec 13(a) of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(a) of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted RYVYL, Inc.'s violation of Rule 13a-1 of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-1 of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted RYVYL, Inc.'s violation of Rule 13a-11 of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-11 of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted RYVYL, Inc.'s violation of Rule 13a-13 of the Exchange Act.

Fredi Nisan is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-13 of the Exchange Act.

Bars:

First Resolution Date 03-Jun-2026

Headline Total Penalty and Disgorgement

See Related Documents

RYVYL, Inc.

Benzion Errez