SQN Capital Management Settles SEC Charges, Exits Advisory Business
SQN Capital Management and founder Jeremiah Silkowski reached a voluntary SEC settlement, surrendering advisory operations 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 agreement that includes no admission of wrongdoing, according to an announcement dated Oct. 12, 2026.
As part of the settlement terms, the funds managed by SQN will be transferred to a court-appointed receiver tasked with winding them down. The move follows what the announcement described as years of subsidized operations, suggesting the funds had been sustained beyond their natural lifecycle at some cost to investors or the firm itself.
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The settlement provides a structured path for closing funds that were described as long overdue for liquidation. By placing assets under a court-appointed receiver, regulators and the parties involved aim to ensure an orderly wind-down that protects remaining investor interests under independent oversight.
The resolution marks the effective end of SQN's role as an investment adviser. Voluntary settlements of this type typically allow firms to avoid protracted litigation while giving regulators a mechanism to impose operational and structural changes without a contested hearing.
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