SEC v. Jeffrey D. Martin, Thomas L. Tedrow and others (Mainstream Entertainment pump and dump, 2017)

Judgment entered

✓ Checked against the primary document on October 4, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In August 2017 the SEC announced charges against eight people in a $2 million pump and dump of the shell Mainstream Entertainment (later Volt Solar Systems), led by Jeffrey Martin and Thomas Tedrow, with two respondents settling at once. On January 10, 2025 the Middle District of Florida entered a consent final judgment against Martin with officer-and-director and penny stock bars and $1,927,418 in disgorgement and interest deemed satisfied by a criminal forfeiture. The Tedrows and others were not checked.

The record

What was ordered

Civil penalty

$142k

Disgorgement

$1.5m

Prejudgment interest

$606k

Total relief

$2.2m

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 August 1, 2017 as release LR-23892. The respondents named are Jeffrey D. Martin, Thomas L. Tedrow, Christian T. Tedrow, Tyler T. Tedrow, Beaufort Capital Partners, LLC, Robert P. Marino, Harold J. Swart, Jr., Swart Baumruk & Co. LLP, Karen F. Aalders and Sterling Craig Barton (8 individuals, 2 entities).

The release announces complaints filed on July 27, 2017 against eight people over a $2 million pump and dump of a dormant shell, alleging false filings and press releases and a hired cold-calling promoter, and reports two settled orders: Aalders (disgorgement $46,500) and Barton (disgorgement $16,014.23 and a $100,000 penalty). The recorded figures are those two settlements combined. A hired promoter is not an undisclosed-compensation promotion charge, so that tag has been removed.

The complaints allege the scheme ran from 2009 to 2013: false filings and press releases, a hired cold-calling promoter, matched trading to mimic investor interest and sales of unregistered shares. Settlements in the release total $141,946 in penalties (Swart $41,946 and Barton $100,000) and about $131,573 in disgorgement, part of which includes prejudgment interest. This library tags the matter as pump and dump, paid stock promotion, matched orders and unregistered distributions.

The conduct is recorded against equities.

Non-monetary relief recorded: officer-and-director bar, penny stock bar.

The relief recorded in our data is civil penalties of $141,946, disgorgement of about $131,573 (including some prejudgment interest) from the settled respondents only. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.

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.

Outcome: the final judgment filed January 10, 2025 in the Middle District of Florida (case 6:17-cv-1385) is as to Martin alone, entered on his consent. It orders disgorgement of $1,321,000 and prejudgment interest of $606,418 ($1,927,418 in total), deemed satisfied by a June 2023 forfeiture order in his Eastern District of Pennsylvania criminal case, and dismisses the SEC's penalty claim against him. It permanently enjoins him and imposes penny stock and officer-and-director bars. The stored figures add Martin's amounts to the earlier settlements by Aalders, Swart and Barton; the earlier disgorgement figure already includes some interest. The Tedrows, Beaufort Capital, Marino and the Swart firm were not checked and the criminal flag now reflects the criminal case named in the judgment. Checked on 2026-10-04.

What technique is this, and how does it work?

This action is tagged with 4 techniques 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.

• Pump and dump — see how it works, what statute it engages, and every other action tagged the same way.
• Paid stock promotion — see how it works, what statute it engages, and every other action tagged the same way.
• Matched orders — see how it works, what statute it engages, and every other action tagged the same way.
• Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2017-08-01 Litigation release published
2. 2025-01-10 Final judgment entered by consent as to Jeffrey D. Martin

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
• Final judgment as to Jeffrey D. Martin (M.D. Fla.)

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.