Defendant Name: RYVYL, Inc.

Defendant Type: Public Company

Document Reference: LR-26541

Document Details

Legal Case Name SEC v. RYVYL, INC., Fredi Nisan, and Benzion Errez
Document Name SEC Files Settled Action Against Financial Technology Company and its Founders for Alleged Fraudulent Disclosures
Document Date 28-Apr-2026
Document Format Civil Proceeding
Case Number 26-cv-02672
Federal District Court California, Southern District of California
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC stated: "On April 27, 2026, the Securities and Exchange Commission filed a settled action against RYVYL, Inc., and its two founders, former CEO, Fredi Nisan, and former chairman of the board Benzion Errez, for their respective roles in making alleged false disclosures in RYVYL’s public filings."

Disgorgement & Penalty Information

Resolutions
Enjoinment

Related Documents:

comp26541 27-Apr-2026 Complaint
Complaint
The SEC stated: "This matter concerns a multi-year course of fraudulent conduct by which RYVYL Inc. (“RYVYL”), its chief executive officer, Fredi Nisan (“Nisan”) and its chairman of the board, Benzion Errez (“Errez”) defrauded the investing public by falsely depicting RYVYL in its public filings with the Commission as a cutting edge 'financial technology company that develops, markets, and sells innovative blockchain-based payment solutions” and that its “proprietary blockchain-based technology serves as the settlement engine for all transactions within [its] ecosystem.'"

Other Defendants in Action:

Fredi Nisan
Benzion Errez