SEC v. Harold Bailey "B.J." Gallison II et al. (paid stock promotion, 2015)

Settled

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The SEC's July 2015 case against stock promoter Harold 'B.J.' Gallison II and dozens of co-defendants over paid pump-and-dump campaigns produced a consent final judgment against Gallison on 20 January 2017 in the Southern District of New York. The judgment enjoins future violations; the text read states no dollar amount. This page covers Gallison only; the other defendants were not checked.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 July 14, 2015 as release LR-23303. The respondents named are the named respondents.

This library tags the matter as paid stock promotion and pump and dump, 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.

The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

Nothing in the regulator's filing has been proven, and the respondents are entitled to the presumption that it has not been. This page will be updated if the matter is resolved, dismissed or withdrawn.

Gallison consented to the final judgment, which was filed on 20 January 2017. It permanently enjoins him from violating Section 10(b) and Rule 10b-5, Sections 17(a) and 5 of the Securities Act, Section 9(a) of the Exchange Act and the broker-registration rule in Section 15(a). The judgment text I read contains no disgorgement, interest or penalty figure, so none is recorded. The complaint named about three dozen people and companies; the SEC's file also shows a judgment against Frank Zangara on the same date and one against Michael Randles dated 30 May 2017, but I did not read their terms or the status of the others, so the outcome here is Gallison's alone.

For the regulator's own account of the facts, read the primary documents linked above. This page summarises the structured record and does not reproduce them.

What technique is this, and how does it work?

This action is tagged with 2 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.

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

Timeline

1. 2015-07-14 Litigation release published
2. 2017-01-20 Consent final judgment filed as to Gallison (S.D.N.Y.)

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 Harold Bailey Gallison II (20 Jan 2017)

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.