SEC v. Palladino and James M. (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.

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In 2017, the Securities and Exchange Commission published a release announcing a settlement of an administrative order that bars James Palladino from penny stock offerings after a money-laundering guilty plea involving payments for fraudulent promotions. This library does not tag the matter with a manipulation technique.

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 November 29, 2017 as release 34-82177. The respondents named are Palladino and James M. (2 individuals, 0 entities).

The order bars a former stock promoter from penny stock offerings after his guilty plea to conspiracy to commit money laundering, in which he admitted that he and co-conspirators made $175,000 of payments for fraudulent penny stock promotions using criminally derived funds. He is not found to have been paid for undisclosed promotion himself, so the paid-promotion tag has been removed.

This library does not tag the matter with a manipulation technique, because the document does not describe one. The tagging is ours, not the regulator's.

The conduct is recorded against equities.

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.

Timeline

1. 2017-11-29 Administrative proceeding instituted (findings)

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 order

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.