https://marketmanipulation.org/cases/technique/free-riding-and-parking/ The 18 most recent enforcement records tagged free riding and parking in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges. en-us Thu, 03 Sep 2026 00:00:00 GMT https://marketmanipulation.org/cases/sec-corey-ortiz-free-riding-and-parking-2026/ https://marketmanipulation.org/cases/sec-corey-ortiz-free-riding-and-parking-2026/ In August 2026 the SEC announced a final consent judgment against Corey Ortiz, who it said recruited people to open loser accounts in the Long Island free-riding scheme. He is liable for $199,710 disgorgement and $19,727 interest, deemed satisfied by criminal restitution, with a five-year account-opening injunction. Thu, 03 Sep 2026 00:00:00 GMT SEC free-riding-and-parking matched-orders https://marketmanipulation.org/cases/sec-mayur-baviskar-free-riding-and-parking-2026/ https://marketmanipulation.org/cases/sec-mayur-baviskar-free-riding-and-parking-2026/ In August 2026 the SEC filed a settled action against North Carolina trader Mayur Baviskar, alleging $377,200 of unfunded deposits at nine brokerages from 2019 to 2024 and trades of over $1.4 million, with $6,078.16 of profits withdrawn. He consented to pay $6,078.16 disgorgement, $1,914.41 interest and a $50,000 penalty, subject to court approval. Wed, 26 Aug 2026 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-christopher-flagg-free-riding-and-parking-2026/ https://marketmanipulation.org/cases/sec-christopher-flagg-free-riding-and-parking-2026/ In April 2026 the SEC announced final consent judgments against Christopher Flagg, Daquan Lloyd and Travis Treusch in the Long Island free-riding case. Together they are liable for $482,440 disgorgement and $47,654.75 interest, deemed satisfied by criminal restitution, with conduct injunctions of five years for Flagg and Lloyd and three for Treusch. Thu, 30 Apr 2026 00:00:00 GMT SEC free-riding-and-parking matched-orders https://marketmanipulation.org/cases/sec-cyrus-p-naderi-free-riding-and-parking-2025/ https://marketmanipulation.org/cases/sec-cyrus-p-naderi-free-riding-and-parking-2025/ In November 2025 the SEC announced a consent final judgment against Texas trader Cyrus Naderi, who it said made at least $565,000 of unfunded deposits at four brokerages, trading over $22.4 million of securities and costing three firms at least $65,770. He pays a $40,000 penalty and accepted conduct injunctions. Tue, 18 Nov 2025 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-aaron-o-brian-freeman-free-riding-and-parking-2025/ https://marketmanipulation.org/cases/sec-aaron-o-brian-freeman-free-riding-and-parking-2025/ In September 2025 the SEC sued North Carolina man Aaron Freeman, alleging that in January and February 2024 he deposited nearly $3.5 million of checks from closed or empty accounts, bought $889,087 of securities on the credit, and used accounts in two relatives' names. These are allegations. Mon, 22 Sep 2025 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-eduardo-hernandez-free-riding-and-parking-2025/ https://marketmanipulation.org/cases/sec-eduardo-hernandez-free-riding-and-parking-2025/ In July 2025 the SEC announced a final consent judgment against Eduardo Hernandez, alleged mastermind of a $2 million free-riding scheme using at least 600 accounts. He is liable for $525,355 disgorgement and $122,996 interest, deemed satisfied by criminal restitution, with a trading injunction. Thu, 03 Jul 2025 00:00:00 GMT SEC free-riding-and-parking matched-orders https://marketmanipulation.org/cases/sec-rey-d-acosta-free-riding-and-parking-2025/ https://marketmanipulation.org/cases/sec-rey-d-acosta-free-riding-and-parking-2025/ In March 2025 the SEC obtained a consent final judgment against Pennsylvania man Rey Acosta over a free-riding scheme in which he made $1.5 million of transfers from an under-funded bank account and bought about $120,000 of stock before the transfers reversed. He pays a $15,000 penalty and cannot open brokerage accounts without disclosure. Thu, 06 Mar 2025 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-kerry-lee-broderick-free-riding-and-parking-2024/ https://marketmanipulation.org/cases/sec-kerry-lee-broderick-free-riding-and-parking-2024/ In June 2024 the SEC barred former registered representative Kerry Broderick for aiding her supervisor Andrew Komarow's free-riding scheme by assuring the broker-dealer that his unfunded trades were funded. She was barred from the securities industry and penny-stock offerings. Wed, 12 Jun 2024 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-tyrone-johnny-lacy-jr-free-riding-and-parking-2024/ https://marketmanipulation.org/cases/sec-tyrone-johnny-lacy-jr-free-riding-and-parking-2024/ In May 2024 the SEC sued Tyrone Johnny Lacy Jr. in the Middle District of Florida over an alleged free-riding scheme that used a falsified brokerage application and sham deposits to obtain buying power. Lacy did not respond, and on October 2, 2025 the court entered a final default judgment with an injunction, $1,699.57 in disgorgement, $343.16 in interest and a $25,000 penalty. Mon, 13 May 2024 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-eduardo-hernandez-et-al-free-riding-and-parking-2024/ https://marketmanipulation.org/cases/sec-eduardo-hernandez-et-al-free-riding-and-parking-2024/ In October 2023 the SEC charged Eduardo Hernandez, Christopher Flagg, Daquan Lloyd and Corey Ortiz over an alleged free-riding scheme. Final consent judgments were entered between June 2025 and August 2026, with disgorgement of about $1.16 million in total, treated as satisfied by criminal orders. Thu, 04 Apr 2024 00:00:00 GMT SEC free-riding-and-parking matched-orders https://marketmanipulation.org/cases/sec-travis-treusch-free-riding-and-parking-2024/ https://marketmanipulation.org/cases/sec-travis-treusch-free-riding-and-parking-2024/ In February 2024 the SEC charged Long Island man Travis Treusch with aiding a free-riding scheme by opening and recruiting others to open unfunded brokerage accounts for its principals, for compensation per account. He consented to a bifurcated judgment with an injunction, with its length and any money left to the court. Tue, 02 Apr 2024 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-andrew-m-komarow-free-riding-and-parking-2024/ https://marketmanipulation.org/cases/sec-andrew-m-komarow-free-riding-and-parking-2024/ In February 2024 the SEC barred Andrew Komarow, a former registered representative, from association with any broker, dealer or adviser and from penny-stock offerings, as a follow-on to a December 2023 injunction over his free-riding scheme that left brokerages with over $3 million of losses. Tue, 20 Feb 2024 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-andrew-m-komarow-free-riding-and-parking-2023/ https://marketmanipulation.org/cases/sec-andrew-m-komarow-free-riding-and-parking-2023/ In December 2023 the SEC charged Connecticut broker Andrew Komarow with free riding, alleging unfunded transfers of $6.9 million to at least ten accounts at four broker-dealers that left the firms with over $3 million of losses. He consented to a partial judgment with an injunction and trading restrictions, leaving disgorgement and penalty to the court. Fri, 08 Dec 2023 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-deyonte-jahtori-anthony-free-riding-and-parking-2023/ https://marketmanipulation.org/cases/sec-deyonte-jahtori-anthony-free-riding-and-parking-2023/ In August 2023 the SEC charged North Carolina man Deyonte Anthony with free riding, alleging he made $1 million in bogus deposits from a bank account holding nine cents and bought $199,956.65 of securities on immediate-access credit. He consented to an injunction and account restrictions, with a penalty to be set later, subject to court approval. Mon, 28 Aug 2023 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-chadd-l-evans-free-riding-and-parking-2023/ https://marketmanipulation.org/cases/sec-chadd-l-evans-free-riding-and-parking-2023/ In July 2023 the SEC charged Virginia man Chadd Evans with a free-riding scheme using bogus transfers from under-funded accounts at five brokerages, with over $280,000 of false deposits and nearly $1 million in trades. He consented to an injunction, an account-opening restriction and a $10,000 penalty, subject to court approval. Wed, 19 Jul 2023 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-sang-n-phan-free-riding-and-parking-2022/ https://marketmanipulation.org/cases/sec-sang-n-phan-free-riding-and-parking-2022/ In September 2022 the SEC sued brothers Sang and Rich Phan of Columbus, Georgia over an alleged free-riding scheme using brokerage accounts. After consent injunctions in December 2022, the Middle District of Georgia granted summary judgment on remedies on June 6, 2023: disgorgement of $12,830.36 and interest of $825.54 against Sang Phan, and a $25,000 penalty against each brother. The total civil penalties are $50,000. Mon, 26 Sep 2022 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-abhi-batra-a-k-a-abhimanyu-batra-free-riding-and-parking-2021/ https://marketmanipulation.org/cases/sec-abhi-batra-a-k-a-abhimanyu-batra-free-riding-and-parking-2021/ In January 2021 the SEC sued California resident Abhi Batra over an alleged free-riding scheme in which he recalled ACH transfers after losing options trades. On June 14, 2021 the court entered a final judgment ordering $665,211 in disgorgement, $6,577.16 in interest and a $195,047 penalty. The SEC later said he pleaded guilty and was sentenced in a parallel criminal case. Tue, 19 Jan 2021 00:00:00 GMT SEC free-riding-and-parking https://marketmanipulation.org/cases/sec-vu-anh-nguyen-et-al-free-riding-and-parking-2020/ https://marketmanipulation.org/cases/sec-vu-anh-nguyen-et-al-free-riding-and-parking-2020/ In August 2020 the SEC charged Arizona resident Vu Anh Nguyen with free riding in 26 accounts at eight brokerage firms, causing over $1 million in losses, and charged Adam Reed and Anthony Moya with aiding him. Nguyen and Moya consented to injunctions and account restrictions; Reed's case continued. Tue, 11 Aug 2020 00:00:00 GMT SEC free-riding-and-parking