SQN Capital, Jeremiah Silkowski Settle SEC Case, Exit Advisory Role
SQN Capital Management and its sole principal settle with the SEC, surrendering advisory operations to a court-appointed receiver without admitting wrongdoing.
SQN Capital Management, LLC and its sole principal Jeremiah Silkowski have voluntarily reached a settlement with the Securities and Exchange Commission, agreeing to exit the investment advisory business as part of the resolution, according to an announcement dated Oct. 12, 2026.
Under the terms of the settlement, neither SQN nor Silkowski admitted wrongdoing. The agreement provides a structured path toward closing funds that had remained open well past their intended timelines, a situation the announcement characterized as years of subsidized operations.
Read more CME Group Hits Cloud Migration Milestones for Globex Platform →
Control of the funds will pass to a court-appointed receiver, a standard mechanism regulators employ to protect investor assets when an advisory firm exits operations under regulatory scrutiny. The receiver will oversee the wind-down process going forward.
The voluntary nature of the settlement signals a negotiated resolution rather than a contested enforcement action, though the practical outcome — the firm's departure from the advisory business — represents a significant consequence for SQN and Silkowski. Details on the size of assets under management or the number of affected investors were not disclosed in the announcement.
Continue reading at Banking & Financial Services.
