Interview with Nick Morgan
From Voices of Freedom by Rick Graber
February 24, 2026 · 26 min · Season 4 · Episode 2
About this episode
Nick Morgan discusses the challenges small investors face with the SEC and the mission of ICAN to provide legal support.
An Interview with Nick Morgan, Founder and President, Investor Choice Advocates Network (ICAN) For decades, small investors and entrepreneurs who run afoul of the Securities and Exchange Commission have faced a stark reality: challenge a powerful federal agency with seemingly unlimited resources or settle. The result is a staggering 98% settlement rate that has led to ruined businesses, lost opportunities, and forever changed lives. Our guest on this episode of Voices of Freedom is doing something about it. Nick Morgan is Founder and President of the Investor Choice Advocates Network, or ICAN, a nonprofit public interest law firm that provides free legal representation to small investors and entrepreneurs facing SEC overreach. Before founding ICAN, Nick spent seven years as senior trial counsel at the SEC, followed by 18 years in private practice defending clients against securities enforcement actions. His insider's perspective revealed how heavily the deck is stacked against ordinary Americans trying to pursue economic opportunity — and drove him to act. Topics Discussed on this Episode: How the SEC's structure and incentives undermine fairness for small investors and…
People in this episode
Host: Rick Graber
Guest: Nick Morgan
Topics covered
- SEC overreach
- investor protection
- economic freedom
- legal representation
- small investors
- entrepreneurship
Keywords
- SEC
- investor rights
- legal advocacy
- entrepreneurs
- settlement rate
- economic opportunity
- litigation
- regulatory reform
Mentioned in this episode
Organizations: Investor Choice Advocates Network, Securities and Exchange Commission
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