SEC v. James P. Anglim (price manipulation, 2023)

Judgment entered

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In 2023, the SEC settled a civil action in the District of Massachusetts against former broker-dealer representative James P. Anglim, charged with helping other people who controlled large blocks of stock in at least five companies to dump shares into the market while hiding that they were the sellers. The release records disgorgement of $405,991, prejudgment interest of $82,009 and a penny stock bar.

The record

What was ordered

Civil penalty

—

Disgorgement

$406k

Prejudgment interest

$82k

Total relief

$488k

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Securities and Exchange Commission announced this matter on July 17, 2023 as litigation release 25780. The defendant named is James P. Anglim, who as a registered representative at two market-making brokerages from November 2016 to February 2022 allegedly abused his trading position to facilitate sales of stock by outside control-block holders, concealing their identity as the source. He consented, without admitting or denying, to a judgment with injunctions, disgorgement of $405,991 (his trading profits), $82,009 in interest and a penny stock bar; no penalty was sought because he cooperated; the settlement was subject to court approval.

The release mentions boiler rooms once, as one way the unrelated control-block holders sometimes stoked demand for the stocks. Mr Anglim is not alleged to have run or worked in one, so the boiler-room tag is removed and the matter is tagged as general price manipulation, the charge brought under Exchange Act Section 9(a).

This library tags the matter as price manipulation, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Price manipulation — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2023-07-17 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.