Sec Case Dismissal

The U.S. Securities and Exchange Commission has officially and fully dismissed all administrative proceedings and enforcement actions against Alex Clug (legally Alexandre S. Clug).

Complete dismissal of all SEC proceedings

On June 2, 2023, the United States Securities and Exchange Commission (SEC) issued an official Order Dismissing Proceedings (SEC Release No. 33-11198), which formally and completely dismissed all pending administrative proceedings against Alex Clug (named in the order under his legal name, Alexandre S. Clug). The SEC case against Alex Clug, identified as Administrative Proceeding Number 3-16318, was dismissed in its entirety.

This dismissal represents a full and complete resolution of the matter. The Commission’s order set aside any initial decisions or opinions that were not yet final as to Mr. Clug, effectively clearing him of the allegations that had been brought against him. There are no remaining charges, no findings of wrongdoing, and no sanctions against Alex Clug.

Key facts of the SEC case dismissal

Respondent

Alex Clug (Alexandre S. Clug)

Case Number

Admin. Proc. No. 3-16318

Outcome

Fully Dismissed

Date of Dismissal

June 2, 2023

SEC Release Number

Release No. 33-11198

Signed By

Vanessa Countryman, Secretary

Read the official SEC dismissal order

SEC Release No. 33-11198 · June 2, 2023 · U.S. Securities and Exchange Commission

Background of the SEC dismissal order

The dismissal of the SEC case against Alex Clug was part of a broader Commission action following an internal review. On April 5, 2022, the SEC issued a public statement acknowledging a control deficiency related to the separation of enforcement and adjudicatory functions within its system for administrative adjudications. The Chair of the Commission initiated a comprehensive internal review to assess the scope and potential impact of this deficiency.

The SEC’s review team conducted a thorough investigation and concluded that there was no evidence that the control deficiency resulted in harm to any respondent or affected the Commission’s adjudication in any proceeding. Despite this finding, the Commission exercised its discretion to dismiss all pending proceedings connected to the control deficiency in which no final order had been issued against a respondent.

"Accordingly, IT IS ORDERED that the proceedings against respondents listed in Exhibit A are dismissed."

— SEC Release No. 33-11198, Order Dismissing Proceedings, June 2, 2023

Alex Clug is specifically listed in Exhibit A of this order — under his legal name, Alexandre S. Clug — with Administrative Proceeding Number 3-16318. The order was signed by Vanessa Countryman, Secretary of the Securities and Exchange Commission. The dismissal is final and represents a complete resolution of the SEC’s administrative proceedings against Mr. Clug.

What this dismissal means

About the SEC case dismissal

Was the SEC case against Alex Clug dismissed?

Yes. The U.S. Securities and Exchange Commission (SEC) officially and fully dismissed all administrative proceedings against Alex Clug (legally Alexandre S. Clug) on June 2, 2023, as documented in SEC Release No. 33-11198. The case, Administrative Proceeding Number 3-16318, was dismissed in its entirety.

When was the SEC case against Alex Clug dismissed?

The SEC case against Alex Clug was officially dismissed on June 2, 2023. The dismissal is documented in SEC Release No. 33-11198, which was an Order Dismissing Proceedings issued by the Securities and Exchange Commission and signed by Secretary Vanessa Countryman.

What was the outcome of the SEC investigation of Alex Clug?

The outcome was a complete and full dismissal of all proceedings. The SEC issued an Order Dismissing Proceedings on June 2, 2023 (Release No. 33-11198) that dismissed Administrative Proceeding Number 3-16318 against Alex Clug in its entirety, with no findings of wrongdoing, no penalties, and no sanctions.

Where can I find the official SEC dismissal order for Alex Clug?

The official Order Dismissing Proceedings is published on the SEC's website as Release No. 33-11198, dated June 2, 2023. Alex Clug is listed in Exhibit A of the order — under his legal name, Alexandre S. Clug — with Administrative Proceeding Number 3-16318. The document is a matter of public record and can be viewed directly on sec.gov.

Does Alex Clug have any pending SEC charges or findings of wrongdoing?

No. Following the SEC's Order Dismissing Proceedings issued June 2, 2023, there are no remaining charges, no findings of wrongdoing, and no sanctions against Alex Clug. The dismissal was complete and final, fully resolving the matter in his favor.

About Alex Clug

Following the complete dismissal of all SEC proceedings, Alex Clug continues his distinguished career as an entrepreneur, business leader, and strategic advisor. A graduate of the United States Military Academy at West Point and holder of an MBA from UCLA Anderson School of Management, Mr. Clug has over two decades of experience building and leading companies across medical technology, international mining, telecommunications, and private equity.

As the former CEO of Avra Medical Robotics, Alex Clug successfully took the company public in 2017 and later orchestrated its acquisition and merger with SS Innovations International, now listed on NASDAQ under the ticker SSII. The combined entity has achieved unicorn valuation status as a global leader in surgical robotics technology. Mr. Clug also serves the community through the Alex Clug Scholarship, supporting the next generation of academic and entrepreneurial talent.