Investors who placed money into the Compass Program or other offerings promoted by Reign Financial International and Berone Capital face urgent new questions following recent enforcement action by the U.S. Securities and Exchange Commission (SEC).

On May 7, 2026, the SEC filed a formal complaint in the U.S. District Court for the Southern District of Florida against Reign Financial International, Berone Capital LLC, and several key individuals—including Giorgio Johnson, Gary Mills, Patrick Allen, Jeremiah Beguesse, and Fabian Stone. The lawsuit alleges that the defendants orchestrated a massive fraudulent scheme that raised more than $26 million from at least 31 retail investors.

According to the SEC’s complaint (which you can review directly on SEC.gov at: www.sec.gov/files/litigation/litreleases/2026/comp26552.pdf, the defendants promoted three entirely fictitious high-yield investment programs (HYIPs):

  • The Compass Program

  • The PBL & 5Js Program

  • The Reign Program

Promoters enticed investors by promising outsized, low-risk weekly returns of 75% to 125%, claiming the capital would be safely held in hedge fund or custodial accounts and used to trade opaque financial instruments through prominent European banks. In reality, the SEC states that these trading programs never existed. Instead, investor funds were aggressively diverted for personal benefit, including the purchase of luxury vehicles (such as a Rolls Royce), jewelry, Atlanta Hawks basketball tickets, and private jet travel.

What Does the SEC Action Mean for Investors?

While the SEC’s enforcement action is a massive development, victimized investors must recognize that an SEC lawsuit does not automatically result in the recovery of your losses.

The SEC’s primary objective is to penalize bad actors, stop ongoing fraud, and seek civil penalties or disgorgement. Actually getting your money back often requires independent legal action. True financial recovery frequently involves pursuing civil claims against the third-party intermediaries, brokers, or financial advisors who actively recommended, facilitated, or introduced you to these toxic programs.

Potential Claims Against Brokers and Financial Advisors

In many private offering fraud cases, recovery opportunities extend far beyond the central fraudsters who are currently facing SEC charges.

If a licensed broker, registered financial advisor, or brokerage firm introduced you to Reign Financial, Berone Capital, or the Compass Program, that firm may be legally liable for your financial damages. Brokerage firms and investment advisers have strict legal and fiduciary duties to conduct rigorous due diligence, properly supervise their agents, and ensure that any product they recommend is suitable for a client’s risk profile.

Remarkably, the SEC complaint notes that Reign’s own vetting of these program providers “typically consisted of little more than an internet search.” If a financial professional failed to investigate these offerings properly before risking your capital, you may have strong grounds to pursue recovery through FINRA arbitration or separate civil proceedings.

⚠️ Important Note on Deadlines: Civil financial claims and FINRA arbitration cases are bound by strict statutes of limitations and eligibility rules. The SEC’s ongoing enforcement action does not pause or extend the personal legal deadlines that apply to your individual recovery claims. Investors who suffered losses must evaluate their options promptly to avoid losing their right to sue.

Sonn Law Group Is Reviewing Potential Claims

The national securities fraud law firm Sonn Law Group is actively investigating potential claims involving Reign Financial International, Berone Capital, the Compass Program, and related fraudulent investment offerings.

If you invested in any of these programs and experienced capital losses, our legal team can review your specific circumstances to determine if a brokerage firm or financial advisor can be held liable for your damages.

  • Free Consultation: Completely confidential, no-obligation case evaluations.

  • No Recovery, No Fee: We accept these cases on a contingency fee basis, meaning you pay nothing out of pocket unless we successfully recover money for you.