SQN Capital, Jeremiah Silkowski Settle SEC Case, Exit Advisory Business
SQN Capital Management and its principal reach a voluntary SEC settlement, turning fund assets over to a court-appointed receiver without admitting wrongdoing.
SQN Capital Management, LLC and its sole principal Jeremiah Silkowski have reached a voluntary settlement with the Securities and Exchange Commission, agreeing to exit the investment advisory business as part of an arrangement that involves no admission of wrongdoing, according to an announcement dated October 12, 2026.
Under the terms of the settlement, the funds managed by SQN Capital will be transferred to a court-appointed receiver. The move is described as providing a path to closing funds that had operated well past their originally intended wind-down period, sustained in part through subsidized operations over multiple years.
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The resolution ends SQN Capital's role as an investment adviser. The appointment of a receiver is intended to protect remaining fund assets and facilitate an orderly closure for investors who had been exposed to the extended operational timeline.
Settlements of this nature, in which a firm voluntarily agrees to cease operations and hand assets to an independent receiver, are a recognized mechanism the SEC uses to resolve disputes while limiting prolonged litigation. The absence of an admission of wrongdoing is a standard feature of such negotiated outcomes and does not constitute a legal finding of liability against either party.
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