SEC v. Samuel Brown, et al. (price manipulation, 2019)

Judgment entered

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In 2019, the Securities and Exchange Commission published a release reporting the entry of a consent judgment against Samuel Brown, a former stock promoter, for coordinated trading designed to inflate the price of Endeavor Power stock. This library classifies the conduct as price manipulation.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 August 16, 2019 as release LR-24569. The respondents named are Samuel Brown, et al. (1 individual, 0 entities). The action was brought in the U.S. District Court, District of Massachusetts.

The release reports a consent judgment against a former promoter for a medical-diagnostics company previously called Endeavor Power, charged with coordinated trading designed to inflate the stock's price. It charges antifraud provisions and does not allege undisclosed payment for promotion, so the paid-promotion tag has been replaced with price manipulation.

This library tags the matter as price manipulation, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against equities.

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. 2019-08-16 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.