Sponsor Check › Person
Named as an officer, director or promoter on SEC Form D filings · NY, WI · May 22, 2020 → Jun 16, 2021
Data last updated Oct 23, 2026, 5:45 PM ET · Courts (RECAP) last checked: Oct 24, 2026, 2:46 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET
David A. Newberg is listed as a director on 9 SEC Form D filings by 2 issuers between May 2020 and Apr 2025: Illuminated Holdings, Inc. (Janesville, WI — industry reported as "Other" — 2020–2025; $131.7M reported sold to 302 investors) and FLUGEN INC (Madison, WI — biotechnology — 2020; $11.4M reported sold to 47 investors).
What this means 2 separate companies raised money with this person listed as director, over about 5 years. Across those companies the filings report $143.2M sold in total.
Listed alongside Gregory Richard Piefer (8 shared filings), Paul D. Ryan (8 shared filings), Thomas Rockwell Mackie (8 shared filings), Anton Asmuth (7 shared filings), Gregory Smith (7 shared filings) and 26 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.
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) — 6 court cases matching the name, 1 SEC release, 3 state regulator orders, 4 bankruptcy cases matching the name listed in Key records below.
What this means 14 records came back, including 3 court cases still open — open cases can take years and cost money. 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 9 public filings for David A. Newberg and found 8 differences, 1 worth asking the sponsor about: Form D filed 120 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.
Community search for David A. Newberg has not run yet — it is joining a line of 60,656 names; searches run around the clock at the hosts' allowed rate. Searched so far: 702 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.
Five things investors ask first. Items still in human review are counted, not shown.
6 cases: 3 open, 2 closed (disposition not in docket feed), 1 dismissed
190 Other contract actions
890 Other statutory actions
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, 2:46 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.
1 SEC release; 3 state regulator orders
J. Alexander Securities, Inc. (CRD #7809, Los Angeles, California), Richard Leon Newberg (CRD #346857, Registered Principal, Golden Beach, Florida), and Dennis Jay Sturm (CRD #1407180, Registered Principal, Coral Springs, Florida) were named as respondents in an NASD complaint alleging that the firm, Newberg, and Sturm participated directly, or indirectly, in undertakings involving the purchase of securities from issuers with a view to the distribution of such securities and, thereby, acted as underwriters of the unregistered shell company and surviving entity securities. The complaint also alleges that this trading, including matched trades, in the securities of the shell companies created the false appearance of trading volume and market interest in the securities; induced other market makers to enter quotes; and allowed the respondents to artificially affect the market price for the securities. The complaint further alleges that the respondents, by the use of any means, instrumentalOrder / docket ↗ Regulator's list ↗
The firm was fined $90,000, jointly and severally with Alexander, fined $22,000 solely, and required to retain, at its own expense, an independent consultant for 18 months, during which time the consultant shall develop appropriate supervisory procedures in accordance with the conditions set forth in the decision. Newberg was barred from association with any NASD member in any capacity, and Alexander was suspended from association with any NASD member in any capacity for 90 days. The sanctions were based on findings that the firm and Newberg engaged in the distribution of unregistered securities. This decision has been appealed to the NAC, and the sanctions are not in effect pending consideration of the appeal.Order / docket ↗ Regulator's list ↗
Richard Leon Newberg (CRD #346857, Registered Principal, Golden Beach, Florida) was barred from association with any NASD member in any capacity. The sanction was based on findings that Newberg provided false testimony during an NASD hearing. This decision has been appealed to the NAC, and the sanction is not in effect pending consideration of the appeal.Order / docket ↗ Regulator's list ↗
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 A. Newberg..
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).
4 cases: 4 closed (disposition not in docket feed)
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, 2:46 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.
Comparisons cover issuers and sponsor groups — see the issuer pages under Deals
8 differences found between the filings for David A. Newberg — 1 worth asking about (compared 9 filings on Oct 24, 2026)
United States Bankruptcy Court, E.D. Wisconsin docket "Bembenek v. Aurora Health Care, Inc." filed Dec 7, 2009, closed Mar 29, 2013. Tamanna Bembenek (listed on the same filings) is listed as Plaintiff ("Bembenek"). Our match estimate: 70%.
What this means A bankruptcy filing was found. Many are old or personal and have nothing to do with the deal — but ask what it was and when it closed.
United States Bankruptcy Court, E.D. Wisconsin docket "Piefer v. Wells Fargo Bank, N.A." filed Nov 19, 2012, closed Feb 13, 2013. Gregory Richard Piefer (listed on the same filings) is listed as Plaintiff ("Piefer"). Our match estimate: 70%.
What this means A bankruptcy filing was found. Many are old or personal and have nothing to do with the deal — but ask what it was and when it closed.
United States Bankruptcy Court, N.D. New York docket "Richard C. Breeden, Esq. v. Newberg" filed Mar 26, 1998, closed Apr 19, 2000. David A. Newberg is listed as Defendant ("Newberg"). Our match estimate: 42%.
What this means A bankruptcy filing was found. Many are old or personal and have nothing to do with the deal — but ask what it was and when it closed.
The filing says the first sale was Jun 14, 2023. The Form D was filed Oct 12, 2023 — 120 days later. The rule: a Form D is generally due within 15 days after the first sale, so this one is 105 days past that.
What this means A late notice is common and carries no penalty by itself. It is worth asking the sponsor why the paperwork lagged.
No amendment in the last 12 months on an offering that may still be open — Illuminated Holdings, Inc. (latest filing Apr 22, 2025) · No amendment in the last 12 months on an offering that may still be open — Illuminated Holdings, Inc. (latest filing Sep 15, 2022) · No amendment in the last 12 months on an offering that may still be open — Illuminated Holdings, Inc. (latest filing Jun 16, 2021) · No amendment in the last 12 months on an offering that may still be open — FLUGEN INC (latest filing May 1, 2020)
What this means SEC rules expect a yearly amendment while an offering is still going. Ask the sponsor which of these raises have closed.
listed as "David Newberg" on 3 filings (from May 1, 2020), and "David A. Newberg" on 6 filings (from May 22, 2020).
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.
This page covers filings where the address state is NY or WI. A separate record, "David Newberg" with address state CA, is listed on 7 filings — most recently by Hightimes Holding Corp. (Jul 9, 2019). The two records do not overlap in time: this page runs May 22, 2020 to Jun 16, 2021; the other runs Sep 28, 2018 to Jul 9, 2019.
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.
WI on 4 filings (May 1, 2020 to Apr 22, 2025); NY on 5 filings (May 22, 2020 to Jun 16, 2021).
What this means The address on a Form D is usually the company's, not the person's home, so this often just reflects different companies. It can also mean a move. Nothing wrong by itself.
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.
None reported on 8 offerings — no sales commissions, finder's fees or proceeds to insiders
| Offering (latest filing) | Sales commissions | Finder's fees | To insiders | Paid to sell it | Source |
|---|---|---|---|---|---|
| Apr 22, 2025 D/A Illuminated Holdings, Inc. File 021-494612 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| Sep 15, 2022 D Illuminated Holdings, Inc. File 021-458991 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| Jun 16, 2021 D Illuminated Holdings, Inc. File 021-403079 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| Apr 29, 2021 D Illuminated Holdings, Inc. File 021-397684 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| Nov 20, 2020 D Illuminated Holdings, Inc. File 021-381107 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| Jul 7, 2020 D Illuminated Holdings, Inc. File 021-370354 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| May 22, 2020 D Illuminated Holdings, Inc. File 021-367535 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| May 1, 2020 D FLUGEN INC File 021-366135 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
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).
Every issuer that named David A. Newberg on a Form D, newest first. A Form D is the notice a company files after it starts selling a private investment.
Raised $131.7M from 302 investors (100% of the $125M target) as of the latest filing. David is listed as director on 8 filings for this deal.
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 / 506(b) (18,678 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.
Raised $11.4M from 47 investors (100% of the $8.5M target) as of the latest filing. David is listed as director.
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: Biotechnology / 506(b) (3,253 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.
Separate person records under the same name, not combined with this page. Each line says whether it shares an issuer with this record.
Officers, directors, promoters and management entities named on the same filings, as of Oct 23, 2026, 5:45 PM ET.
Thomas Rockwell Mackie is on 8 issuers in total — a repeat sponsor. Their page lists every one.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Paul Weiss is on 16 issuers in total — a repeat sponsor. Their page lists every one.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Listed on the same filings as David A. Newberg. Their page shows their other deals.
Individuals are not matched to business registrations — registries list companies, and a name alone is not enough to tie a person to one. Officers and managers appear by name inside each matched company's record on the issuer pages. Registries searched: AL (Alabama Secretary of State — Business Entity Records (arc-sos.state.al.us), searched by issuer name, data as of Oct 24, 2026); CO (Colorado Secretary of State — Business Entities in Colorado (data.colorado.gov), data as of Oct 23, 2026); CT (Connecticut Secretary of the State — Business Registry (data.ct.gov), data as of Oct 24, 2026); FL (Florida Department of State, Division of Corporations — quarterly corporate data file (Sunbiz), data as of Oct 7, 2026); KY (Kentucky Secretary of State — Business Entity Search (sosbes.sos.ky.gov), searched by issuer name, data as of Oct 24, 2026); NY (New York Department of State — Corporations and Other Entities (data.ny.gov: All Filings + Active Corporations), data as of Oct 20, 2026); OR (Oregon Secretary of State — Active Businesses, All (data.oregon.gov), data as of Oct 20, 2026); PA (Pennsylvania Department of State — Registered Businesses, Current (data.pa.gov), data as of Oct 6, 2026); TX (Texas Comptroller — Active Franchise Taxpayers incl. Secretary of State file data (data.texas.gov), data as of Oct 24, 2026). Registries of other states have not been searched: many publish no bulk file and require a CAPTCHA or bot challenge on their search page, which we do not bypass (Delaware, for example, offers no public bulk file).
None of the 2 issuers this person is listed on appears in Form ADV (searched 24,962 advisers as of Oct 2, 2026). A person is never an adviser firm; Form ADV is checked for the issuers and the management companies they are listed with.
Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.
Property records are matched to companies only, never to individuals, so none are matched to David A. Newberg by design. Searched property records in Hillsborough County FL (Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026 + FL DOR 2026 ownership roll), Miami-Dade County FL (FL DOR 2026 ownership roll), Harris County TX (HCAD 2026 ownership roll), Dallas County TX (DCAD 2026 ownership roll), New York City ACRIS documents and PLUTO ownership rows already retrieved for other issuers, Cook County IL sale and ownership rows already retrieved for other issuers (814,874 records as of Oct 23, 2026, 8:59 PM ET) for the 2 issuers this person is listed on — nothing matched.
Websites and social links of the issuers David A. Newberg is listed on: none on file. No website or social profile named in FLUGEN INC's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #215,884 of 374,652 in line (1,386 issuers searched so far). One-tap searches: Look further ↓
One-tap searches on sites we do not index ourselves, with the name pre-filled (Madison, WI). Each opens in a new tab; what you find there is not verified by PartnerFacts.
No corrections have been requested for this page.
Free. Logged with status: received → under review → fixed / confirmed with source.
If this is you or your firm, add a sourced explanation next to any fact. Reviewed before publishing.
Members get an email when David A. Newberg appears on a new Form D, or when a court case or SEC action is matched to them. See plans →