SEC v. Lidingo Holdings, LLC, et al., CSIR Group, LLC, et al. (paid stock promotion, 2017)
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.
In 2017, the Securities and Exchange Commission settled an action with Lidingo Holdings, LLC, et al., CSIR Group, LLC, et al., alleging conduct this library classifies as paid stock promotion. The release does not state a monetary figure that we were able to extract.
The record
| Agency | SEC |
|---|---|
| Release number | LR-23802 |
| Date filed | 2017-04-12 |
| Date resolved | 2017-04-12 |
| Status | settled |
| Asset class | equities |
| Criminal parallel | No |
| Bars imposed | officer-and-director bar, penny stock bar |
| Defendants | Lidingo Holdings, LLC, et al., CSIR Group, LLC, et al. |
| Cited as charged or alleged | Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) ; Securities Act s.17(b) |
| Techniques | Paid stock promotion |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
the Securities and Exchange Commission announced this matter on April 12, 2017 as release LR-23802. The respondents named are Lidingo Holdings, LLC, et al., CSIR Group, LLC, et al. (0 individuals, 1 entity).
This library tags the matter as paid stock promotion, 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.
Non-monetary relief recorded: officer-and-director bar, penny stock bar.
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.
- Paid stock promotion — see how it works, what statute it engages, and every other action tagged the same way.
Timeline
- 2017-04-12 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.
Related actions
Other actions in the library sharing at least one technique tag with this one.
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Brian Keasberry (paid stock promotion, 2026) | SEC | 2026-08-21 | Paid Stock Promotion | $37.5k | judgment |
| SEBI v. Anupam Narain Gupta and others (paid Telegram tips, Moksh Ornaments, 2026) | SEBI (India) | 2026-07-30 | Social Media Ramps , Paid Stock Promotion | — | judgment |
| SEBI v. Veerkrupa Jewellers Limited and others (SME IPO publicity and trading, 2026) | SEBI (India) | 2026-05-29 | Paid Stock Promotion , Social Media Ramps +1 | — | judgment |
| SEC v. Medallion Financial Corp., Andrew Murstein, Lawrence Meyers, and Ichabod’s Cranium, Inc. (paid stock promotion, 2025) | SEC | 2025-06-06 | Paid Stock Promotion | $4.1m | judgment |
| SEC v. John S. Clayton and others (insider trading, 2024) | SEC | 2024-12-11 | Insider Trading , Paid Stock Promotion | — | filed |
| SEC v. Ian Balina (paid stock promotion, 2024) | SEC | 2024-05-23 | Paid Stock Promotion | — | dismissed |