Securities Exchange Commission v. David J. Bunevacz et al. was filed in the United States District Court for the Central District of California on April 5, 2022, seeking an injunctive relief, disgorgement, and civil penalties. Specifically, the complaint alleges violations of federal securities laws, including Sections 10(b) and 10b-5 of the Securities Exchange Act of 1934 and Sections 17(a), 5(a) and 5(c) of the Securities Act of 1933.
The SEC brought this enforcement action against David J. Bunevacz (“Bunevacz”) and two entities under his control, Caesarbrutus LLC and CB Holding Group Corp., along with his stepdaughter Mary Hayca Bunevacz (“Mary Hayca”). Bunevacz and his entities are engaged in the production and sale of cannabis products, particularly “vape” pens infused with Cannabidiol (“CBD”).