SEC v. Timary Delorme (pump and dump, 2018)

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-timary-delorme-pump-and-dump-2018) by email

In March 2018 the Securities and Exchange Commission settled an administrative proceeding with Wedbush registered representative Timary Delorme, finding that from 2008 to 2014 she joined Izak Engelbrecht's microcap manipulation scheme by buying his stocks in customer accounts for undisclosed payments to her husband and by matched and price-supporting trades. She was barred from the securities industry and agreed to a $50,000 penalty.

The record

What was ordered

Civil penalty

$50k

Disgorgement

—

Prejudgment interest

—

Total relief

$50k

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 March 27, 2018 as release 34-82953. The respondents named are Timary Delorme (1 individual, 0 entities).

The order finds that Delorme solicited her customers into Engelbrecht-controlled microcap issuers, was paid through her husband, and traded to hold prices at set levels and to manipulate price and volume. It describes Engelbrecht's scheme as manipulative trading including pump and dumps, and notes his criminal plea. This library tags the matter as pump and dump and matched orders.

The conduct is recorded against equities.

The relief recorded in our data is a civil monetary penalty of $50,000. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.

Non-monetary relief recorded: registration bar.

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.

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 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.

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

Timeline

1. 2018-03-27 Administrative proceeding instituted (cease-and-desist)

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.

Related actions

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

Record added September 10, 2026. submit a correction.