SEC v. Michael M. Beck, a/k/a @BigMoneyMike6, and Relief Defendant Helen P. Robinson (newsletter scalping, 2022)

Judgment entered

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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.

The record

What was ordered

Civil penalty

$230k

Disgorgement

$572k

Prejudgment interest

$112k

Total relief

$915k

Alleged gain

$870k

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 February 7, 2022 as release LR-25325. The respondents named are Michael M. Beck, a/k/a @BigMoneyMike6, and Relief Defendant Helen P. Robinson (2 individuals, 0 entities).

This library tags the matter as newsletter scalping and social media ramps, 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: penny stock bar.

Outcome: SEC release LR-26003 (May 13, 2024) says final judgments were obtained on April 17, 2024 in the Central District of California. Beck is permanently enjoined under the antifraud provisions, barred for five years from penny stock offerings, and ordered to pay disgorgement of $572,270 with interest of $112,062.32 and a civil penalty of $230,464. Robinson, a relief defendant, is jointly and severally liable with Beck for $386,732 of disgorgement and $75,730.14 of interest, which is not added to the figures here. The release does not say whether the judgments were entered on consent.

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.

• Newsletter scalping — see how it works, what statute it engages, and every other action tagged the same way.
• Social media ramps — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2022-02-07 Litigation release published
2. 2024-04-17 Final judgments against Beck and relief defendant Robinson (LR-26003)

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
• SEC litigation release LR-26003 (final judgments)

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.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.