Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 10:15 AM ET

Sponsor Check › Person

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David Chen

Named as an officer, director or promoter on SEC Form D filings · OR · Aug 5, 2009 → Oct 21, 2016

7deals (issuers)

$1.07Breported sold

329investors

27Form D filings

2009–2016years on file

Follow this person Look further ↓PDF

Data last updated Oct 23, 2026, 5:45 PM ET · Courts (RECAP) last checked: Oct 24, 2026, 2:19 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

David Chen is listed as an executive officer, director, and promoter on 27 SEC Form D filings by 7 issuers between Aug 2009 and Apr 2022. Largest by amount reported sold: Controlled Environment Foods Fund II, LLC (Portland, OR — pooled investment fund — 2019–2022; $1.03B reported sold to 50 investors), WE Investor I, LLC (Portland, OR — pooled investment fund — 2021–2022; $27M reported sold to 2 investors), Nvoicepay, Inc. (Beaverton, OR — other technology — 2009–2018; $10M reported sold to 25 investors), Equilibrium Capital Management, Inc. (Portland, OR — industry reported as "Other" — 2013; $6.74M reported sold to 26 investors), CEFF II REIT 1, Inc. (Portland, OR — reits and finance — 2022; $125K reported sold to 125 investors) and 2 more (all listed below).

What this means A repeat sponsor — 7 separate companies raised money with this person listed as executive officer, director, and promoter, over about 13 years. Across those companies the filings report $1.07B sold in total.

Listed alongside Karla Friede (16 shared filings), Garen K. Staglin (12 shared filings), E. Miles Kilburn (11 shared filings), R. Thomas Amis (6 shared filings), John J. Pierrepont (5 shared filings) and 20 others.

What this means These are the other officers, directors or promoters the companies named on the same forms — the team around David. Each name links to their own page.

5 of the issuers belong to the sponsor group Ceff (5 issuers, $1.06B reported sold, 2018–2022).

What this means A sponsor group is one team that sets up a new company for each deal. Ceff has 5 companies on file and $1.06B reported sold in total — the group page shows the whole track record in one place.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CO, CT, DC, DE, FINRA, FL, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY) — 2 court cases matching the name, 19 bankruptcy cases matching the name listed in Key records below.

What this means 21 records came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

We compared 27 public filings for David Chen and found 15 differences, 2 worth asking the sponsor about: Amount sold went down between filings; 5 Form Ds were filed more than 15 days after the first sale; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for David Chen has not run yet — it is joining a line of 50,039 names; searches run around the clock at the hosts' allowed rate. Searched so far: 641 names.

Community comments are quoted as written by their authors. Sources searched: Bing (site:reddit.com / site:biggerpockets.com) and Reddit's own search, plus DuckDuckGo/Brave/BiggerPockets search when they are answering.

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

2 cases: 2 dismissed

David W Chen v. Jamicon Corporation dismissed

District Court, C.D. California · No. 2:02-cv-00937 · Filed Jan 31, 2002 · Closed Apr 2, 2002 · Nature of suit: 450 Interstate commerce

Role of David W Chen: Plaintiff · Outcome: Terminated 2002-04-02 — FJC Integrated Database disposition: Dismissed: other Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

CECILIA LAN-FONG CHEN v. DAVID CHEN dismissed

District Court, N.D. California · No. · Filed Feb 24, 1987 · Closed Apr 14, 1988 · Nature of suit: 290 Other real property actions

Role of DAVID CHEN: Defendant · Outcome: Terminated 1988-04-14 — FJC Integrated Database disposition: Dismissed: settled Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:19 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: 48 regulators (FINRA, NASAA, 37 states) — crawled Oct 24, 2026, 8:48 AM ET

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched David Chen..

State securities regulators: Securities regulators searched (64,910 actions): FINRA (38,350 actions, 1995–2026), NASAA (31 actions, 2000–2026; listing starts 1997), AK Division of Banking and Securities (273 actions, 1971–2025), AL Securities Commission (880 actions, 2001–2026), AR Securities Department (1,305 actions, 1998–2026), AZ Corporation Commission Securities Division (411 actions, 2017–2026), CA DFPI (25 actions, 2007–2024; listing starts 2002 — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), CO Division of Securities (731 actions, 2001–2026; older years from the Internet Archive (snapshot of 2026-05-02)), CT Department of Banking Securities Division (940 actions, 2006–2026; older years from the Internet Archive (snapshot of 2026-04-22)), DC DISB Securities Bureau (25 actions, 2012–2026), DE DOJ Investor Protection Unit (257 actions, 1987–2026), FL Office of Financial Regulation (49 actions, 2018–2026), GA Secretary of State Securities Division (65 actions, 2015–2026; listing starts 2012), HI DCCA Securities Enforcement Branch (26 actions, 2012–2026), ID Department of Finance Securities Bureau (663 actions, 1994–2026), IL Secretary of State Securities Department (4,122 actions, 2003–2023), KS Insurance Department Securities Division (58 actions), KY Department of Financial Institutions (342 actions, 2005–2026), LA Office of Financial Institutions Securities Division (13 actions, 2010–2025; listing starts 2008), MA Secretary of the Commonwealth Securities Division (125 actions, 2012–2025; live site blocks automated access — loaded from the Internet Archive snapshot of 2026-02-04), MD Attorney General Securities Division (1,054 actions, 2004–2026), ME Office of Securities (539 actions, 2000–2026), MI LARA Corporations, Securities & Commercial Licensing Bureau (201 actions), MO Secretary of State Securities Division (919 actions, 1998–2026), MS Secretary of State Securities Division (209 actions, 1995–2026), MT Commissioner of Securities and Insurance (597 actions, 2000–2026), NC Secretary of State Securities Division (265 actions, 2004–2024), ND Securities Department (711 actions, 1990–2026; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2026-01-06), NH Bureau of Securities Regulation (402 actions, 2002–2026), NM Regulation and Licensing Department Securities Division (90 actions, 2010–2025), NV Secretary of State Securities Division (118 actions, 2018–2026), NY Attorney General Investor Protection Bureau (44 actions, 2012–2026), OH Division of Securities (327 actions, 1993–2006), OK Department of Securities (2,531 actions, 1998–2026), OR Division of Financial Regulation (589 actions, 1988–2026), PA Department of Banking and Securities (1,448 actions, 2008–2024; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2024-08-09), RI DBR Securities Division (98 actions, 2005–2025), SC Attorney General Securities Division (540 actions, 2006–2026), SD Division of Insurance – Securities Regulation (106 actions, 2017–2026), TN Department of Commerce and Insurance Securities Division (405 actions, 1992–2026), TX State Securities Board (936 actions, 1999–2026), UT Division of Securities (772 actions, 2000–2026; older years from the Internet Archive (snapshot of 2010-05-27)), VT DFR Securities Division (137 actions, 2010–2026), WA DFI (2,039 actions, 2001–2026), WI DFI Division of Securities (1,072 actions, 1998–2026), WV Securities Commission (State Auditor) (64 actions), WY Secretary of State Compliance Division (6 actions, 2016–2024) — last crawled Oct 24, 2026, 8:48 AM ET. No machine-readable public listing today for IA, IN, MN, NE, NJ, VA (see docs/state-regulators.md).

3. Bankruptcies

19 cases: 19 closed (disposition not in docket feed)

David J. Chen closed

United States Bankruptcy Court, D. New Jersey · No. 18-25873 · Filed Aug 8, 2018 · Closed Nov 19, 2018

Role of David J. Chen: Debtor · Outcome: Case closed 2018-11-19 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in NJ (not a filing state)

David Chen closed

United States Bankruptcy Court, C.D. California · No. 2:13-bk-32077 · Filed Sep 3, 2013 · Closed Nov 1, 2013

Role of David Chen: Debtor · Outcome: Case closed 2013-11-01 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David Chen closed

United States Bankruptcy Court, C.D. California · No. 2:13-bk-19363 · Filed Apr 10, 2013 · Closed Jun 24, 2013

Role of David Chen: Debtor · Outcome: Case closed 2013-06-24 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David Chen closed

United States Bankruptcy Court, C.D. California · No. 6:13-bk-10380 · Filed Jan 9, 2013 · Closed Mar 5, 2013

Role of David Chen: Debtor · Outcome: Case closed 2013-03-05 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David L. Chen and Jane C. Chen closed

United States Bankruptcy Court, N.D. California · No. 12-52684 · Filed Apr 10, 2012 · Closed Jul 18, 2012

Role of David L. Chen and Jane C. Chen: Debtor · Outcome: Case closed 2012-07-18 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David Chen and Michelle Chen closed

United States Bankruptcy Court, C.D. California · No. 1:11-bk-20910 · Filed Sep 14, 2011 · Closed Apr 26, 2012

Role of David Chen and Michelle Chen: Debtor · Outcome: Case closed 2012-04-26 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David S Chen and Margaret L Chen closed

United States Bankruptcy Court, N.D. California · No. 11-31448 · Filed Apr 15, 2011 · Closed Aug 7, 2015

Role of David S Chen and Margaret L Chen: Debtor · Outcome: Case closed 2015-08-07 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David C Chen and Mari T Chen closed

United States Bankruptcy Court, C.D. California · No. 2:05-bk-20512 · Filed May 9, 2005 · Closed Dec 21, 2005

Role of David C Chen and Mari T Chen: Debtor · Outcome: Case closed 2005-12-21 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David W.T. Chen closed

United States Bankruptcy Court, E.D. Michigan · No. 03-21793 · Filed May 5, 2003 · Closed Dec 21, 2004

Role of David W.T. Chen: Debtor · Outcome: Case closed 2004-12-21 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in MI (not a filing state)

David Chen closed

United States Bankruptcy Court, E.D. Texas · No. 02-46579 · Filed Dec 23, 2002 · Closed Nov 5, 2004

Role of David Chen: Debtor · Outcome: Case closed 2004-11-05 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in TX (not a filing state)

David Chen closed

United States Bankruptcy Court, N.D. California · No. 02-56546 · Filed Nov 19, 2002 · Closed Feb 18, 2003

Role of David Chen: Debtor · Outcome: Case closed 2003-02-18 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David Chen closed

United States Bankruptcy Court, D. New Jersey · No. 02-35224 · Filed May 10, 2002 · Closed Aug 28, 2002

Role of David Chen: Debtor · Outcome: Case closed 2002-08-28 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in NJ (not a filing state)

David R Chen closed

United States Bankruptcy Court, E.D. New York · No. 1-01-17607 · Filed Jun 5, 2001 · Closed Oct 26, 2001

Role of David R Chen: Debtor · Outcome: Case closed 2001-10-26 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in NY (not a filing state)

David Chen and Michelle Chen closed

United States Bankruptcy Court, C.D. California · No. 1:01-bk-13701 · Filed Apr 18, 2001 · Closed Oct 11, 2001

Role of David Chen and Michelle Chen: Debtor · Outcome: Case closed 2001-10-11 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David I. Chen closed

United States Bankruptcy Court, N.D. California · No. 99-49938 · Filed Dec 30, 1999 · Closed Apr 7, 2000

Role of David I. Chen: Debtor · Outcome: Case closed 2000-04-07 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David H.Y. Chen closed

United States Bankruptcy Court, N.D. California · No. 98-58642 · Filed Oct 22, 1998 · Closed Jan 22, 1999

Role of David H.Y. Chen: Debtor · Outcome: Case closed 1999-01-22 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

Heady Chen and David W. Chen closed

United States Bankruptcy Court, D. New Jersey · No. 98-26849 · Filed May 26, 1998 · Closed Jun 14, 1999

Role of David W. Chen: Debtor · Outcome: Case closed 1999-06-14 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in NJ (not a filing state)

David Chen closed

United States Bankruptcy Court, C.D. California · No. 8:97-bk-23876 · Filed Aug 29, 1997 · Closed Dec 17, 1997

Role of David Chen: Debtor · Outcome: Case closed 1997-12-17 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in CA (not a filing state)

David P. Chen closed

United States Bankruptcy Court, D. Massachusetts · No. 97-14948 · Filed May 21, 1997 · Closed Sep 29, 1997

Role of David P. Chen: Debtor · Outcome: Case closed 1997-09-29 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗

same full name (a name found in 29 federal dockets); 9 people with this name in Form D filings; court in MA (not a filing state)

What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:19 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

4. Differences between public sources

Comparisons cover issuers and sponsor groups — see the issuer pages under Deals

15 differences found between the filings for David Chen — 2 worth asking about (compared 27 filings on Oct 24, 2026)

Worth asking · Dec 14, 2009 – Jan 13, 2010

Amount sold went down between filings — Nvoicepay, Inc.

The Dec 14, 2009 filing says $150,000 sold; the Jan 13, 2010 Form D says $90,030 sold — $59,970 less.

What this means Amounts sold normally only go up as a raise continues. A drop can mean investors were refunded, a figure was corrected, or an earlier number was wrong. Ask the sponsor which it was.

Form D/A (earlier) · Dec 14, 2009 ↗Form D (later) · Jan 13, 2010 ↗Nvoicepay, Inc. — PartnerFacts page ↗

Sources

Form D/A (earlier) · Dec 14, 2009 ↗ (Dec 14, 2009)
Form D (later) · Jan 13, 2010 ↗ (Jan 13, 2010)
Nvoicepay, Inc. — PartnerFacts page ↗ (Nov 1, 2018)

Note · Mar 29, 2018 – Nov 1, 2018

David Chen appears on 2 deals that stopped filing before reaching their target

Nvoicepay, Inc. (last filing Nov 1, 2018; $10,000,000 sold of $25,000,000); Controlled Environment Foods Fund, LLC (last filing Mar 29, 2018; $0 sold of $250,000,000). Each has no filing in more than two years and reported under half its target sold.

What this means An issuer whose last filing is more than two years old and reported under half its target sold. The raise may have closed early or quietly stopped. Ask what happened to each.

Nvoicepay, Inc. — PartnerFacts page ↗Controlled Environment Foods Fund, LLC — PartnerFacts page ↗

Sources

Nvoicepay, Inc. — PartnerFacts page ↗ (Nov 1, 2018)
Controlled Environment Foods Fund, LLC — PartnerFacts page ↗ (Mar 29, 2018)

Worth asking · Jul 8, 2010 – Aug 17, 2015

5 Form Ds were filed more than 15 days after the first sale

Form D filed 707 days after the first sale — Equilibrium Capital Management, Inc. · Form D filed 630 days after the first sale — Equilibrium Capital Management, Inc. · Form D filed 705 days after the first sale — Equilibrium Capital Management, Inc. · Form D filed 109 days after the first sale — Nvoicepay, Inc. · Form D filed 18 days after the first sale — Nvoicepay, Inc.

What this means Late notices are common and carry no penalty by themselves. A pattern of late paperwork is worth asking the sponsor about.

Form D · Jun 7, 2013 ↗Equilibrium Capital Management, Inc. — PartnerFacts page ↗Form D · Jun 6, 2013 ↗Form D · Jun 5, 2013 ↗

Sources

Form D · Jun 7, 2013 ↗ (Jun 7, 2013)
Equilibrium Capital Management, Inc. — PartnerFacts page ↗ (Jun 7, 2013)
Form D · Jun 6, 2013 ↗ (Jun 6, 2013)
Form D · Jun 5, 2013 ↗ (Jun 5, 2013)
Form D · Oct 25, 2010 ↗ (Oct 25, 2010)
Nvoicepay, Inc. — PartnerFacts page ↗ (Nov 1, 2018)
Form D · Aug 17, 2015 ↗ (Aug 17, 2015)

Note · Jul 22, 2009 – Feb 16, 2022

9 offerings have no amendment in the last 12 months and may still be open

No amendment in the last 12 months on an offering that may still be open — CEFF I REIT 1, INC. (latest filing Feb 16, 2022) · No amendment in the last 12 months on an offering that may still be open — Controlled Environment Foods Fund II, LLC (latest filing Feb 7, 2022) · No amendment in the last 12 months on an offering that may still be open — Nvoicepay, Inc. (latest filing Nov 1, 2018) · No amendment in the last 12 months on an offering that may still be open — Nvoicepay, Inc. (latest filing Oct 21, 2016) · No amendment in the last 12 months on an offering that may still be open — Nvoicepay, Inc. (latest filing Aug 17, 2015) · and 4 more

What this means SEC rules expect a yearly amendment while an offering is still going. Ask the sponsor which of these raises have closed.

Form D/A · Feb 16, 2022 ↗CEFF I REIT 1, INC. — PartnerFacts page ↗Form D/A · Feb 7, 2022 ↗Controlled Environment Foods Fund II, LLC — PartnerFacts page ↗

Sources

Form D/A · Feb 16, 2022 ↗ (Feb 16, 2022)
CEFF I REIT 1, INC. — PartnerFacts page ↗ (Feb 16, 2022)
Form D/A · Feb 7, 2022 ↗ (Feb 7, 2022)
Controlled Environment Foods Fund II, LLC — PartnerFacts page ↗ (Feb 7, 2022)
Form D · Nov 1, 2018 ↗ (Nov 1, 2018)
Nvoicepay, Inc. — PartnerFacts page ↗ (Nov 1, 2018)
Form D · Oct 21, 2016 ↗ (Oct 21, 2016)
Form D · Aug 17, 2015 ↗ (Aug 17, 2015)

Note · Jan 13, 2010 – Apr 12, 2022

6 offerings changed their target amount between filings

Offering amount changed between filings — WE Investor I, LLC · Offering amount changed between filings — Controlled Environment Foods Fund II, LLC · Offering amount changed between filings — Nvoicepay, Inc. · Offering amount changed between filings — Nvoicepay, Inc. · Offering amount changed between filings — Nvoicepay, Inc. · and 1 more

What this means Targets change as deals grow or shrink. Ask whether later money has the same terms.

Form D (earlier) · May 24, 2021 ↗Form D/A (later) · Apr 12, 2022 ↗WE Investor I, LLC — PartnerFacts page ↗Form D (earlier) · Dec 2, 2019 ↗

Sources

Form D (earlier) · May 24, 2021 ↗ (May 24, 2021)
Form D/A (later) · Apr 12, 2022 ↗ (Apr 12, 2022)
WE Investor I, LLC — PartnerFacts page ↗ (Apr 12, 2022)
Form D (earlier) · Dec 2, 2019 ↗ (Dec 2, 2019)
Form D/A (later) · Feb 7, 2022 ↗ (Feb 7, 2022)
Controlled Environment Foods Fund II, LLC — PartnerFacts page ↗ (Feb 7, 2022)
Form D (earlier) · Jun 5, 2014 ↗ (Jun 5, 2014)
Form D/A (later) · Apr 13, 2015 ↗ (Apr 13, 2015)

Note · Jun 5, 2014 – Apr 13, 2015

Minimum investment changed between filings — Nvoicepay, Inc.

The Jun 5, 2014 filing lists a minimum of $25,000; the Apr 13, 2015 Form D/A lists $19,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Form D (earlier) · Jun 5, 2014 ↗Form D/A (later) · Apr 13, 2015 ↗Nvoicepay, Inc. — PartnerFacts page ↗

Sources

Form D (earlier) · Jun 5, 2014 ↗ (Jun 5, 2014)
Form D/A (later) · Apr 13, 2015 ↗ (Apr 13, 2015)
Nvoicepay, Inc. — PartnerFacts page ↗ (Nov 1, 2018)

Note · Dec 29, 2010 – Aug 31, 2012

Minimum investment changed between filings — Nvoicepay, Inc.

The Dec 29, 2010 filing lists a minimum of $25,000; the Aug 31, 2012 Form D/A lists $5,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Form D (earlier) · Dec 29, 2010 ↗Form D/A (later) · Aug 31, 2012 ↗Nvoicepay, Inc. — PartnerFacts page ↗

Sources

Form D (earlier) · Dec 29, 2010 ↗ (Dec 29, 2010)
Form D/A (later) · Aug 31, 2012 ↗ (Aug 31, 2012)
Nvoicepay, Inc. — PartnerFacts page ↗ (Nov 1, 2018)

Note · Dec 14, 2009 – Jan 13, 2010

Minimum investment changed between filings — Nvoicepay, Inc.

The Dec 14, 2009 filing lists a minimum of $25,000; the Jan 13, 2010 Form D lists $15,030.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Form D/A (earlier) · Dec 14, 2009 ↗Form D (later) · Jan 13, 2010 ↗Nvoicepay, Inc. — PartnerFacts page ↗

Sources

Form D/A (earlier) · Dec 14, 2009 ↗ (Dec 14, 2009)
Form D (later) · Jan 13, 2010 ↗ (Jan 13, 2010)
Nvoicepay, Inc. — PartnerFacts page ↗ (Nov 1, 2018)

Note · Aug 5, 2009 – Mar 29, 2018

David Chen is written 2 different ways on the filings

listed as "David Chen" on 18 filings (from Aug 5, 2009), and "David Y.P. Chen" on 9 filings (from Mar 29, 2018).

What this means Same person, written differently — a middle name or suffix left off, or spelled another way. It is normal, but check that the full legal name matches your subscription documents.

Form D · Aug 5, 2009 ↗Form D · Mar 29, 2018 ↗David Chen — PartnerFacts page ↗

Sources

Note · Sep 4, 2014 – Aug 20, 2019

Same name, different state: "David Chen" (CA or DE) is a separate record

This page covers filings where the address state is OR. A separate record, "David Chen" with address state CA or DE, is listed on 7 filings — most recently by Protoscale Rubrik 2, LLC (Dec 2, 2019). Both records have filings in the same period (Sep 4, 2014 to Oct 21, 2016).

What this means Two records with one name were active at the same time. That can be one person listing different company addresses, or two different people. We keep them apart until a filing ties them together. Check both pages before you decide.

David Chen (CA,DE) — PartnerFacts page ↗Form D/A · Dec 2, 2019 ↗Protoscale Rubrik 2, LLC — PartnerFacts page ↗David Chen (OR) — this page ↗

Sources

David Chen (CA,DE) — PartnerFacts page ↗ (Aug 20, 2019)
Form D/A · Dec 2, 2019 ↗ (Dec 2, 2019)
Protoscale Rubrik 2, LLC — PartnerFacts page ↗ (Dec 2, 2019)
David Chen (OR) — this page ↗ (Oct 21, 2016)

Note · Jun 13, 2017

Same name, different state: "DAVID CHEN" (NV) is a separate record

This page covers filings where the address state is OR. A separate record, "DAVID CHEN" with address state NV, is listed on 1 filing — most recently by IMAGINE NATION ENTERTAINMENT Corp (Jun 13, 2017). The two records do not overlap in time: this page runs Aug 5, 2009 to Oct 21, 2016; the other has one filing dated Jun 13, 2017.

What this means Could be the same person who moved, or two people with the same name. We keep them apart until a filing ties them together. Check both pages before you decide.

DAVID CHEN (NV) — PartnerFacts page ↗Form D · Jun 13, 2017 ↗IMAGINE NATION ENTERTAINMENT Corp — PartnerFacts page ↗David Chen (OR) — this page ↗

Sources

DAVID CHEN (NV) — PartnerFacts page ↗ (Jun 13, 2017)
Form D · Jun 13, 2017 ↗ (Jun 13, 2017)
IMAGINE NATION ENTERTAINMENT Corp — PartnerFacts page ↗ (Jun 13, 2017)
David Chen (OR) — this page ↗ (Oct 21, 2016)

Note · Apr 26, 2017

Same name, different state: "David Chen" (MA) is a separate record

This page covers filings where the address state is OR. A separate record, "David Chen" with address state MA, is listed on 1 filing — most recently by NextWorth Solutions, Inc. (Apr 26, 2017). The two records do not overlap in time: this page runs Aug 5, 2009 to Oct 21, 2016; the other has one filing dated Apr 26, 2017.

What this means Could be the same person who moved, or two people with the same name. We keep them apart until a filing ties them together. Check both pages before you decide.

David Chen (MA) — PartnerFacts page ↗Form D · Apr 26, 2017 ↗NextWorth Solutions, Inc. — PartnerFacts page ↗David Chen (OR) — this page ↗

Sources

David Chen (MA) — PartnerFacts page ↗ (Apr 26, 2017)
Form D · Apr 26, 2017 ↗ (Apr 26, 2017)
NextWorth Solutions, Inc. — PartnerFacts page ↗ (Apr 26, 2017)
David Chen (OR) — this page ↗ (Oct 21, 2016)

Note · Aug 4, 2015 – Jan 10, 2017

Same name, different state: "David Chen" (IL) is a separate record

This page covers filings where the address state is OR. A separate record, "David Chen" with address state IL, is listed on 4 filings — most recently by Fresh Coast Capital, LLC (Jan 10, 2017). Both records have filings in the same period (Aug 4, 2015 to Oct 21, 2016).

David Chen (IL) — PartnerFacts page ↗Form D/A · Jan 10, 2017 ↗Fresh Coast Capital, LLC — PartnerFacts page ↗David Chen (OR) — this page ↗

Sources

David Chen (IL) — PartnerFacts page ↗ (Jan 10, 2017)
Form D/A · Jan 10, 2017 ↗ (Jan 10, 2017)
Fresh Coast Capital, LLC — PartnerFacts page ↗ (Jan 10, 2017)
David Chen (OR) — this page ↗ (Oct 21, 2016)

Note · Dec 29, 2016

Same name, different state: "David Chen" (WI) is a separate record

This page covers filings where the address state is OR. A separate record, "David Chen" with address state WI, is listed on 1 filing — most recently by Capio Biosciences, Inc. (Dec 29, 2016). The two records do not overlap in time: this page runs Aug 5, 2009 to Oct 21, 2016; the other has one filing dated Dec 29, 2016.

What this means Could be the same person who moved, or two people with the same name. We keep them apart until a filing ties them together. Check both pages before you decide.

David Chen (WI) — PartnerFacts page ↗Form D · Dec 29, 2016 ↗Capio Biosciences, Inc. — PartnerFacts page ↗David Chen (OR) — this page ↗

Sources

David Chen (WI) — PartnerFacts page ↗ (Dec 29, 2016)
Form D · Dec 29, 2016 ↗ (Dec 29, 2016)
Capio Biosciences, Inc. — PartnerFacts page ↗ (Dec 29, 2016)
David Chen (OR) — this page ↗ (Oct 21, 2016)

Note · Jun 5, 2014 – Apr 13, 2015

Address moved from Portland, OR to Beaverton, OR — Nvoicepay, Inc.

The people listed on the Jun 5, 2014 filing give Portland, OR; on the Apr 13, 2015 filing they give Beaverton, OR.

What this means Businesses move; this just shows the two places and dates. If you were told one city and the forms say another, ask which is current.

Form D · Jun 5, 2014 ↗Form D/A · Apr 13, 2015 ↗Nvoicepay, Inc. — PartnerFacts page ↗

Sources

Form D · Jun 5, 2014 ↗ (Jun 5, 2014)
Form D/A · Apr 13, 2015 ↗ (Apr 13, 2015)
Nvoicepay, Inc. — PartnerFacts page ↗ (Nov 1, 2018)

What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

2 of 17 offerings report sales commissions totalling $12,500; 0 report finder's fees; 0 report proceeds to related persons. (includes amounts the issuer reported as estimates)

Offering (latest filing)	Sales commissions	Finder's fees	To insiders	Paid to sell it	Source
Apr 12, 2022 D/A WE Investor I, LLC File 021-400461	$0	$0	$0 The Issuer's Manager (or its designee) is entitled to a management fee payable by the Issuer.	None listed on this filing	EDGAR ↗
Feb 16, 2022 D/A CEFF I REIT 1, INC. File 021-354217	$6,250 (est.)	$0	$0	H&L Equities, LLC BrokerCheck CRD 113794 ↗ via Charles B. Harrison (CRD 3071551 ↗) H&L Equities, LLC BrokerCheck CRD 113794 ↗ via Scott Harrison (CRD 4981070 ↗) H&L Equities, LLC BrokerCheck CRD 113794 ↗ via Patrick J. Whelchel (CRD 5389090 ↗) H&L Equities, LLC BrokerCheck CRD 113794 ↗ via Lori Mayfield (CRD 4899271 ↗) H&L Equities, LLC BrokerCheck CRD 113794 ↗ via Charles Mathes (CRD 5980160 ↗)	EDGAR ↗
Feb 7, 2022 D/A Controlled Environment Foods Fund II, LLC File 021-354552	$0	$0	$0 The Issuer's Manager or General Partner (or their designee) is entitled to a management fee payable by the Issuers.	None listed on this filing	EDGAR ↗
Feb 4, 2022 D CEFF II REIT 1, Inc. File 021-432254	$6,250	$0	$0	H&L Equities, LLC BrokerCheck CRD 113794 ↗ via Charles B. Harrison (CRD 3071551 ↗)	EDGAR ↗
Nov 1, 2018 D Nvoicepay, Inc. File 021-324860	$0	$0	$0	None listed on this filing	EDGAR ↗
Mar 29, 2018 D Controlled Environment Foods Fund, LLC File 021-308900	$0	$0	$0 The Issuer?s Manager (or its designee) is entitled to the payment of a management fee payable by the Issuer.	None listed on this filing	EDGAR ↗
Oct 21, 2016 D Nvoicepay, Inc. File 021-273003	$0	$0	$0	None listed on this filing	EDGAR ↗
Feb 5, 2016 D Nvoicepay, Inc. File 021-256801	$0	$0	$0	None listed on this filing	EDGAR ↗
Aug 17, 2015 D Nvoicepay, Inc. File 021-245879	$0	$0	$0	None listed on this filing	EDGAR ↗
Apr 13, 2015 D/A Nvoicepay, Inc. File 021-218590	$0	$0	$0	None listed on this filing	EDGAR ↗
Jul 18, 2013 D Nvoicepay, Inc. File 021-199917	$0	$0	$0	None listed on this filing	EDGAR ↗
Jun 7, 2013 D Equilibrium Capital Management, Inc. File 021-197617	$0	$0	$0	None listed on this filing	EDGAR ↗
Jun 6, 2013 D Equilibrium Capital Management, Inc. File 021-197580	$0	$0	$0	None listed on this filing	EDGAR ↗
Jun 5, 2013 D Equilibrium Capital Management, Inc. File 021-197514	$0	$0	$0	None listed on this filing	EDGAR ↗
Dec 20, 2012 D/A Nvoicepay, Inc. File 021-152664	$0	$0	$0	None listed on this filing	EDGAR ↗
Dec 29, 2010 D/A Nvoicepay, Inc. File 021-149513	$0	$0	$0	None listed on this filing	EDGAR ↗
Apr 12, 2010 D/A Nvoicepay, Inc. File 021-133337	$0	$0	$0	None listed on this filing	EDGAR ↗

How this is counted

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across every filing this person is listed on (latest filing per offering, per issuer).

Deals 7

Every issuer that named David Chen on a Form D, newest first. A Form D is the notice a company files after it starts selling a private investment.

Pooled Investment Fund · group: Ceff

WE Investor I, LLC

Portland, OR · May 24, 2021 → Apr 12, 2022 · 2 filings

Apr 12, 2022 · D/A · $27,000,000 sold of $27,000,000 · 2 investors · min. No minimum reported · role: Executive Officer (Manager of the Manager of the Issuer) EDGAR ↗
May 24, 2021 · D · $0 sold of $18,000,000 · 0 investors · min. No minimum reported · role: Executive Officer (Manager of the Manager of the Issuer) EDGAR ↗

Raised $27M from 2 investors (100% of the $27M target) as of the latest filing. David is listed as executive officer on 2 filings for this deal.

Latest filing on EDGAR ↗

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

REITS and Finance · group: Ceff

CEFF I REIT 1, INC.

Portland, OR · Nov 26, 2019 → Feb 16, 2022 · 2 filings

Feb 16, 2022 · D/A · $101,000 sold of $125,000 · 101 investors · min. $1,000 · role: Executive Officer, Director (President and Board Member) EDGAR ↗
Nov 26, 2019 · D · $101,000 sold of $125,000 · 101 investors · min. $1,000 · role: Executive Officer, Director (President and Board Member) EDGAR ↗

Raised $101K from 101 investors (81% of the $125K target) as of the latest filing. David is listed as executive officer, director on 2 filings for this deal.

Latest filing on EDGAR ↗

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: REITS and Finance / 506(b) (3,490 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Pooled Investment Fund · group: Ceff

Controlled Environment Foods Fund II, LLC

Portland, OR · Dec 2, 2019 → Feb 7, 2022 · 2 filings

Feb 7, 2022 · D/A · $1,029,450,000 sold of Indefinite · 50 investors · min. No minimum reported · role: Executive Officer (Manager of the Manager of the Issuers) EDGAR ↗
Dec 2, 2019 · D · $0 sold of $500,000,000 · 0 investors · min. No minimum reported · role: Executive Officer (Manager of the Manager of the Issuers) EDGAR ↗

Raised $1.03B from 50 investors as of the latest filing. David is listed as executive officer on 2 filings for this deal.

Latest filing on EDGAR ↗

Sources

REITS and Finance · group: Ceff

CEFF II REIT 1, Inc.

Portland, OR · Feb 4, 2022

Feb 4, 2022 · D · $125,000 sold of $125,000 · 125 investors · min. $1,000 · role: Executive Officer, Director (President and Board Member) EDGAR ↗

Raised $125K from 125 investors (100% of the $125K target) as of the latest filing. David is listed as executive officer, director.

Latest filing on EDGAR ↗

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: REITS and Finance / 506(b) (3,490 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Other Technology

Nvoicepay, Inc.

Beaverton, OR · Aug 5, 2009 → Nov 1, 2018 · 16 filings

Nov 1, 2018 · D · $3,500,000 sold of $5,000,000 · 4 investors · min. $50,000 · role: Director EDGAR ↗
Oct 21, 2016 · D · $10,000,000 sold of $10,700,000 · 1 investors · min. No minimum reported · role: Director EDGAR ↗
Feb 5, 2016 · D · $0 sold of $10,000,000 · 0 investors · min. No minimum reported · role: Director EDGAR ↗
Aug 17, 2015 · D · $1,835,000 sold of $25,000,000 · 5 investors · min. No minimum reported · role: Director EDGAR ↗
Apr 13, 2015 · D/A · $3,045,516 sold of $5,000,000 · 8 investors · min. $19,000 · role: Director EDGAR ↗
Jun 5, 2014 · D · $1,250,003 sold of $1,500,000 · 2 investors · min. $25,000 · role: Director EDGAR ↗
Jul 18, 2013 · D · $100,000 sold of $1,000,000 · 1 investors · min. $25,000 · role: Director EDGAR ↗
Dec 20, 2012 · D/A · $2,366,432 sold of $2,500,000 · 25 investors · min. $5,000 · role: Director EDGAR ↗
Aug 31, 2012 · D/A · $1,953,038 sold of $2,000,000 · 22 investors · min. $5,000 · role: Director EDGAR ↗
Dec 29, 2010 · D · $270,000 sold of $1,250,000 · 3 investors · min. $25,000 · role: Director EDGAR ↗
Dec 29, 2010 · D/A · $500,000 sold of $500,000 · 7 investors · min. $25,000 · role: Director EDGAR ↗
Oct 25, 2010 · D · $225,000 sold of $500,000 · 4 investors · min. $25,000 · role: Director EDGAR ↗
Apr 12, 2010 · D/A · $540,028 sold of $540,031 · 11 investors · min. $15,030 · role: Director EDGAR ↗
Jan 13, 2010 · D · $90,030 sold of $500,000 · 4 investors · min. $15,030 · role: Director EDGAR ↗
Dec 14, 2009 · D/A · $150,000 sold of $500,000 · 4 investors · min. $25,000 · role: Director EDGAR ↗
Aug 5, 2009 · D · $100,000 sold of $500,000 · 2 investors · min. $25,000 · role: Director EDGAR ↗

Raised $10M from 25 investors (100% of the $5M target) as of the latest filing. David is listed as director on 16 filings for this deal.

Latest filing on EDGAR ↗

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Other Technology / 506(b) (17,390 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Pooled Investment Fund · group: Ceff

Controlled Environment Foods Fund, LLC

Portland, OR · Mar 29, 2018

Mar 29, 2018 · D · $0 sold of $250,000,000 · 0 investors · min. No minimum reported · role: Executive Officer (Manager of the Manager of the Issuer) EDGAR ↗

No sales reported yet as of the latest filing. David is listed as executive officer.

Latest filing on EDGAR ↗

Sources

Other

Equilibrium Capital Management, Inc.

Portland, OR · Jun 5, 2013 → Jun 7, 2013 · 3 filings

Jun 7, 2013 · D · $1,543,184 sold of $1,543,184 · 3 investors · min. $446,715 · role: Executive Officer, Director, Promoter EDGAR ↗
Jun 6, 2013 · D · $2,985,010 sold of $2,985,010 · 9 investors · min. $85,001 · role: Executive Officer, Director, Promoter EDGAR ↗
Jun 5, 2013 · D · $6,744,021 sold of $6,744,021 · 26 investors · min. $19,337 · role: Executive Officer, Director, Promoter EDGAR ↗

Raised $6.74M from 26 investors (100% of the $1.54M target) as of the latest filing. David is listed as executive officer, director, promoter on 3 filings for this deal.

Latest filing on EDGAR ↗

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer.

Other pages with the same name (8)

Separate person records under the same name, not combined with this page. Each line says whether it shares an issuer with this record.

David Chen — CA, DE, 4 issuers, Sep 4, 2014 → Aug 20, 2019 · no shared issuer
David Chen — IL, 1 issuer, Aug 4, 2015 → Jan 10, 2017 · no shared issuer
David Chen — WI, 1 issuer, Dec 29, 2016 → Dec 29, 2016 · no shared issuer
DAVID CHEN — NV, 1 issuer, Jun 13, 2017 → Jun 13, 2017 · no shared issuer
David Chen — MA, 1 issuer, Apr 26, 2017 → Apr 26, 2017 · no shared issuer
David Chen — TX, 1 issuer, Mar 30, 2021 → Mar 30, 2021 · no shared issuer
David Chen — FL, 1 issuer, Jun 25, 2021 → Jun 29, 2021 · no shared issuer
David Chen — PA, 1 issuer, Jun 15, 2022 → Jun 15, 2022 · no shared issuer

People around David 25

Officers, directors, promoters and management entities named on the same filings, as of Oct 23, 2026, 5:45 PM ET.

Management entity