SEC probes startup Dream Exchange stock exchange over alleged Scientology links: report
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The feds are probing a Chicago-based startup called Dream Exchange and its alleged ties to the Church of Scientology after a whistleblower claimed the company misused investor funds, according to a report.
The Securities and Exchange Commission in recent weeks has been interviewing ex-employees of Dream Exchange after the company applied for SEC approval to operate as a stock exchange, The Wall Street Journal reported on Friday, citing unnamed sources.
Officials from the SEC’s Chicago office have also spoken to the former staffers about the company’s reported links to Scientology-affiliated groups, according to the report.
The probe, which is still in its early stages, was sparked by an initial Journal exposé earlier this year on Dream Exchange that described how employees were made to read the writings of church founder L. Ron Hubbard
It described how the anonymous whistleblower filed a complaint to the SEC in February, which alleged that the company failed to disclose its links to Scientology to investors.
The complaint also claimed that employees were often asked to do volunteer work on behalf of the Church.
Joe Cecala, the company’s founder and CEO, is a Scientologist and a major donor to the organization, according to the Journal.
Content retrieved from: https://nypost.com/2025/10/03/business/sec-probes-startup-dream-exchange-over-alleged-scientology-links-report/.
