SEC v. Jeremy K. Rounsville (Arbitraging.co offering fraud, 2022)

Settled

Checked against the primary document on October 2, 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.

Report an error in this record (sec-jeremy-k-rounsville-2022) by email

In November 2022, the SEC charged Texas resident Jeremy K. Rounsville with offering and promoting a fictitious trading program, Arbitraging.co; he agreed to settle, including civil penalties of US$207,183 and an officer-and-director bar.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-25569
Date filed	2022-11-03
Date resolved	2022-11-03
Status	settled
Criminal parallel	No
Bars imposed	officer-and-director bar
Defendants	Jeremy K. Rounsville (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) ; Securities Act s.5 (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $207k
Disgorgement: —
Prejudgment interest: —
Total relief: $207k
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 November 3, 2022 as release LR-25569. The respondents named are Jeremy K. Rounsville (1 individual, 0 entities).

The complaint alleges Rounsville offered and promoted investments in an invented trading program marketed as Arbitraging.co, violating the registration and antifraud provisions. The "fictitious" description refers to a fake investment program, not to trades in a security.

This library applies no technique tag to the matter. The conduct is offering fraud. It is not wash trading.

Agreed civil penalties of $207,183, a permanent injunction, a bar from future offerings and an officer-and-director bar, subject to court approval.

Rounsville agreed to settle, subject to court approval.

Timeline

2022-11-03 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.

Record added September 10, 2026. submit a correction.