https://marketmanipulation.org/cases/technique/newsletter-scalping/ The 11 most recent enforcement records tagged newsletter scalping in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges. en-us Tue, 14 Mar 2023 00:00:00 GMT https://marketmanipulation.org/cases/sec-brian-robert-sodi-et-al-newsletter-scalping-2023/ https://marketmanipulation.org/cases/sec-brian-robert-sodi-et-al-newsletter-scalping-2023/ In 2023, the SEC announced an amended final judgment in the Northern District of Alabama against Brian Robert Sodi and his companies Capital Financial Media LLC and List Data Solutions LLC over scalping and pump-and-dump promotion of two penny stocks in 2013. It orders $929,995 in combined disgorgement and interest for distribution to harmed investors; Sodi pleaded guilty in a parallel criminal case. Tue, 14 Mar 2023 00:00:00 GMT SEC newsletter-scalping pump-and-dump https://marketmanipulation.org/cases/sec-harmel-s-rayat-renovacare-inc-jatinder-bhogal-jeetenderjit-singh-sidhu-newsl/ https://marketmanipulation.org/cases/sec-harmel-s-rayat-renovacare-inc-jatinder-bhogal-jeetenderjit-singh-sidhu-newsl/ The SEC's RenovaCare case alleged a pump-and-dump scheme by the company, its controlling shareholder Harmel Rayat and associates. Final judgments were entered against Sidhu and Fleming on October 17, 2023 and against Rayat, Bhogal and RenovaCare on February 27, 2024, which the SEC said concluded the litigation. The combined civil penalties were about $2.98 million, with disgorgement of about $5.09 million. Mon, 29 Aug 2022 00:00:00 GMT SEC newsletter-scalping https://marketmanipulation.org/cases/sec-john-david-mcafee-newsletter-scalping-2022/ https://marketmanipulation.org/cases/sec-john-david-mcafee-newsletter-scalping-2022/ In 2022, the SEC announced a final consent judgment in the Southern District of New York against Jimmy Gale Watson, Jr. for helping John McAfee promote ICOs to Twitter followers without disclosing payment and a separate scalping scheme in a crypto asset security. Watson was ordered to pay $316,401 disgorgement and $59,533 interest; claims against McAfee ended on his death. Fri, 15 Jul 2022 00:00:00 GMT SEC newsletter-scalping https://marketmanipulation.org/cases/sec-michael-m-beck-a-k-a-bigmoneymike6-newsletter-scalping-2022/ https://marketmanipulation.org/cases/sec-michael-m-beck-a-k-a-bigmoneymike6-newsletter-scalping-2022/ In February 2022 the SEC sued Michael Beck, who tweeted as @BigMoneyMike6, over alleged undisclosed selling of penny stocks he recommended to followers. On April 17, 2024 final judgments were obtained against Beck and his mother, relief defendant Helen Robinson, ordering Beck to pay $572,270 disgorgement, $112,062.32 interest and a $230,464 penalty. Mon, 07 Feb 2022 00:00:00 GMT SEC newsletter-scalping social-media-ramps https://marketmanipulation.org/cases/sec-seethruequity-llc-ajay-tandon-analyst-manipulation-2022/ https://marketmanipulation.org/cases/sec-seethruequity-llc-ajay-tandon-analyst-manipulation-2022/ In 2022, the SEC announced a final judgment in the Southern District of New York against Ajay and Amit Tandon, founders of research firm SeeThruEquity, over "unbiased" research reports that were allegedly paid for through camouflaged conference fees with manipulated price targets, and scalping by Ajay Tandon. Civil penalties of $270,000 (Ajay) and $250,000 (Amit) and five-year bars were ordered. Fri, 28 Jan 2022 00:00:00 GMT SEC analyst-manipulation newsletter-scalping https://marketmanipulation.org/cases/sec-brian-robert-sodi-et-al-newsletter-scalping-2019/ https://marketmanipulation.org/cases/sec-brian-robert-sodi-et-al-newsletter-scalping-2019/ In 2019, the Securities and Exchange Commission settled an action with Brian Robert Sodi, et al., alleging conduct this library classifies as newsletter scalping, paid stock promotion and pump and dump. The release records disgorgement of $1.3 million. A parallel criminal matter is referenced in the release. Thu, 19 Sep 2019 00:00:00 GMT SEC newsletter-scalping paid-stock-promotion pump-and-dump https://marketmanipulation.org/cases/sec-seethruequity-llc-et-al-analyst-manipulation-2018/ https://marketmanipulation.org/cases/sec-seethruequity-llc-et-al-analyst-manipulation-2018/ In November 2018 the SEC sued SeeThruEquity and brothers Ajay and Amit Tandon over allegedly paid-for research reports presented as unbiased and scalping. After consent injunctions, the Southern District of New York entered a final judgment on 21 January 2022 imposing civil penalties of $270,000 and $250,000 and five-year penny stock and officer-and-director bars. Thu, 08 Nov 2018 00:00:00 GMT SEC analyst-manipulation newsletter-scalping paid-stock-promotion https://marketmanipulation.org/cases/sec-joseph-a-fiore-berkshire-capital-management-company-inc-newsletter-scalping-/ https://marketmanipulation.org/cases/sec-joseph-a-fiore-berkshire-capital-management-company-inc-newsletter-scalping-/ In June 2018 the SEC sued penny-stock financier Joseph Fiore, Berkshire Capital Management and Eat at Joe's (now SPYR) over alleged manipulation and scalping of Plandai Biotechnology stock. On 14 April 2020 the Southern District of New York entered consent judgments, without admission or denial, with $2 million of disgorgement and interest, three $500,000 penalties and five-year bars. Wed, 20 Jun 2018 00:00:00 GMT SEC newsletter-scalping https://marketmanipulation.org/cases/sec-micheal-a-skerry-newsletter-scalping-2017/ https://marketmanipulation.org/cases/sec-micheal-a-skerry-newsletter-scalping-2017/ In 2017, the SEC filed a scalping complaint against Micheal Skerry over Success Holding stock and announced a settled order against the issuer. After Skerry failed to respond, the court entered a default judgment on December 26, 2019 ordering $957,712.41 in disgorgement, $212,710.62 in interest and a $957,712.41 penalty plus a penny stock bar. Fri, 29 Sep 2017 00:00:00 GMT SEC newsletter-scalping unregistered-distributions https://marketmanipulation.org/cases/sec-joey-giamichael-and-umbrella-research-llc-newsletter-scalping-2017/ https://marketmanipulation.org/cases/sec-joey-giamichael-and-umbrella-research-llc-newsletter-scalping-2017/ In 2017, the Securities and Exchange Commission settled an action with Joey Giamichael and Umbrella Research, LLC, alleging conduct this library classifies as newsletter scalping and paid stock promotion. The release records a civil penalty of $48,927, disgorgement of $23,927. Tue, 25 Jul 2017 00:00:00 GMT SEC newsletter-scalping paid-stock-promotion https://marketmanipulation.org/cases/sec-gary-s-williky-insider-trading-2015/ https://marketmanipulation.org/cases/sec-gary-s-williky-insider-trading-2015/ In March 2015 the SEC filed a civil action in the Southern District of Indiana against Gary S. Williky, a Texas investor relations consultant to Imperial Petroleum, alleging match and wash trades to inflate volume, scalping, undisclosed ownership above 5 percent, and trading on non-public information. A final judgment entered on August 3, 2018 imposed an officer-and-director bar, injunctions, a $1,746,434 penalty and disgorgement with interest of $1,037,811. Mon, 02 Mar 2015 00:00:00 GMT SEC insider-trading newsletter-scalping pump-and-dump wash-trading