Investment Adviser Charged with Defrauding Investors of Nearly Half a Million Dollars

Litigation Release Number 25653/March 1, 2023

Securities and Exchange Commission, v. Ryan R. Riley (No. 1:23-cv-00273 (E.D. Va. filed on March 1, 2023

The Securities and Exchange Commission charged investment advisor Ryan R. Riley of defrauding clients and investors. Riley, who is based in Leesburg, Virginia, solicited investors to invest in securities issued his two companies, Green Light Energy, LLC, and Mustang Resources, Inc. He said the money would be used to fund oil and gas projects in Texas. Riley’s misappropriation of funds is alleged in the SEC complaint. Riley allegedly used the money for his personal expenses and day trading that resulted in significant losses.

Riley is accused of violating several securities laws in the complaint filed in Alexandria federal court on March 1, 2023. Riley consented, if the court approves, to a judgement that would permanently bar him from future violations and prevent him from being an officer or director in a public company. The court will determine civil penalties and disgorgement at a future date.

Riley has been charged with criminal offenses by the U.S. Attorney’s Office of the Eastern District of Virginia in addition to SEC charges.

Christine R. O’Neil, Brendan P. McGlynn and Nicholas P. Grippo in the Philadelphia Regional Office conducted the SEC’s investigations. They were supervised by Scott A. Thompson and Nicholas P. Grippo. Spencer Willig and Timothy K. Halloran will be leading the litigation, with Gregory R. Bockin as supervisor. The SEC would like to thank the U.S. Attorney’s Office of Eastern District of Virginia and the Federal Bureau of Investigation for their help.

Recover Investment Losses

Are you experiencing investment losses? You should consult an expert if you are experiencing investment losses. investment fraud attorney. Haselkorn & Thibaut are a reputable legal firm that is known for their expertise with investment fraud cases. Their attorneys are highly experienced in securities litigation, arbitration and other areas of law. They work hard to ensure that their clients get the justice and compensation they deserve.

Haselkorn & Thibaut has an impressive 98% success rate, and recovers millions of dollars for investors.

You should take immediate action if you suspect that your investment has been a victim of fraud. The investment fraud lawyers will assess your case and advise you on the most effective way to recover losses. It is also important to remember that there is no fee if the case does not result in a recovery.

Contact Haselkorn & Thibaut today for a free consultation at 1-888-784-3315or website at

Table of Contents


Securities and Exchange Commission is the regulatory body that enforces and oversees securities laws in the United States. Its primary objective is to protect and promote investors, ensure fair and efficient markets and encourage capital formation.

The SEC regulates various participants in this industry including brokers, dealers and investment advisors. The SEC requires that these entities disclose important financial data to the public. This ensures transparency, and gives investors the information needed to make informed decisions.

In addition, the SEC investigates and enforces the laws against fraudulent acts in the markets for securities. The SEC has the power to take civil enforcement actions and impose fines. It can also seek injunctions against further misconduct.

It also plays an important role in overseeing securities offerings, mergers and acquisitions. This ensures compliance with regulations, while protecting the interests of investors. It approves and reviews registration statements. It also provides companies with guidance on compliance issues.

The SEC is a watchdog that serves to promote fair and transparent markets. It also protects investors and maintains the integrity of securities in the United States.

Find out more about

SEC’s Website

Free AlphaBetaStock's Cheat Sheet (No CC)!+ Bonus Dividend Stock Picks

About The Author

Scroll to Top