Market Manipulation. Search

Boiler rooms enforcement actions

This library records 68 enforcement actions tagged boiler rooms. A boiler room is a high-pressure sales operation that sells securities to investors using scripted misrepresentations, converting a block of stock the operator holds into cash one call at a time.

Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the boiler rooms technique page.

Actions
68
Total penalties
$121m
Median penalty
$700k
Largest
$27.9m
Criminal parallel
46%
Action Agency Filed Penalty Status
SEC v. Andrew Spaventa and others (boiler rooms, 2026) SEC 2026-08-17 — filed
SEC v. Timothy Page, Trevor Page and others (boiler rooms, 2024) SEC 2024-11-20 $7.7m judgment
SEC v. Mario Gogliormella, Steven Lacaj, and Karim Ibrahim a/k/a/ Chris Hayes (boiler rooms, 2024) SEC 2024-06-12 — filed
SEC v. Legend Venture Partners LLC (boiler rooms, 2023) SEC 2023-07-11 — filed
SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023) SEC 2023-06-27 $25.8m judgment
SEC v. Matthew Nicosia, William Reininger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2023) SEC 2023-04-10 $223k judgment
SEC v. Joseph R. Earle Jr, Barry D. Reagh, William Clayton, Francis T. Dudley, Steven E. Bryant, Upper Street Marketing, Inc. and Project Growth International, Inc. (boiler rooms, 2022) SEC 2022-12-05 — filed
SEC v. Paul Geraci (boiler rooms, 2022) SEC 2022-11-04 — judgment
SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2022) SEC 2022-10-27 — judgment
SEC v. Matthew Nicosia, William Reninger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2022) SEC 2022-09-28 $453k settled
SEC v. Justin Wallace Herman, Anthony Michael Baker, Ian Horn, and Island Capital Inc (boiler rooms, 2022) SEC 2022-04-12 $10k filed
SEC v. Francis Biller, et al. (pump and dump, 2022) SEC 2022-03-17 — settled
SEC v. Robert Lenard Booth, Michael D'Urso, Daniel T. Wellcome Jr., Alyssa D'Urso, Antonella Chiaramonte, and Jay Garnock) (boiler rooms, 2022) SEC 2022-02-09 — filed
SEC v. Timothy Page et al., Daniel Cattlin and William R. Shupe (boiler rooms, 2021) SEC 2021-09-27 $11.1m judgment
SEC v. Zeeshawn S. Zia (boiler rooms, 2021) SEC 2021-09-01 — filed
SEC v. Jonathan Mimun a/k/a Jonathan Maymon and Ronn BenHarav (boiler rooms, 2021) SEC 2021-07-13 $25.8m judgment
SEC v. Kai Christian Petersen, et al. (boiler rooms, 2021) SEC 2021-05-25 $100k judgment
SEC v. Vuuzle Media Corp., Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2021) SEC 2021-01-27 $27.9m judgment
SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2020) SEC 2020-12-01 — settled
SEC v. Alex Forester, Michael Hicks, Yarden Krampf, Christopher Lee, Sean O'Neal, Michael Raynor, and Lee Sobel (boiler rooms, 2020) SEC 2020-10-27 $1.8m judgment
SEC v. PowerTradersPress.com, Inc., et al. (boiler rooms, 2020) SEC 2020-09-21 — judgment
SEC v. Paul Ewer (boiler rooms, 2020) SEC 2020-05-22 — settled
SEC v. Robert Gilbert (boiler rooms, 2020) SEC 2020-05-22 — judgment
SEC v. Clinton Maurice Tucker II (boiler rooms, 2020) SEC 2020-05-11 — judgment
SEC v. Drake et al., Messier et al., Brooks (boiler rooms, 2020) SEC 2020-01-16 — judgment
SEC v. Anton Senderov, et al. (boiler rooms, 2019) SEC 2019-10-10 $700k settled
SEC v. Gil Beserglik, et al. (boiler rooms, 2019) SEC 2019-09-30 $865k settled
SEC v. Benjamin Conde, with Essex Global Investment Corp. and Facultas Capital Management, Inc. as relief defendants (boiler rooms, 2019) SEC 2019-09-23 — filed
SEC v. Bio Defense Corporation, et al. (boiler rooms, 2019) SEC 2019-09-13 — judgment
SEC v. Toon Goggles Inc., et al. (boiler rooms, 2019) SEC 2019-09-06 $5.2m judgment
SEC v. Carol J. Wayland, et al. (boiler rooms, 2019) SEC 2019-07-19 $465k judgment
SEC v. Talman Harris and Victor Alfaya (boiler rooms, 2019) SEC 2019-06-28 $500k judgment
SEC v. Andrew Stitt (boiler rooms, 2019) SEC 2019-02-06 — judgment
SEC v. Joseph Vitale (boiler rooms, 2019) SEC 2019-02-04 — judgment
SEC v. Mark Burnett, Jeffrey Miller, Christian Romandetti, Frank Sarro, Anthony Vassallo, and Elite Stock Research, Inc. (boiler rooms, 2018) SEC 2018-11-15 — judgment
SEC v. Michael E. Cone, et al (boiler rooms, 2018) SEC 2018-11-08 — settled
SEC v. Thomas Carter Ronk (boiler rooms, 2018) SEC 2018-09-28 $75k settled
SEC v. Keith Houlihan (boiler rooms, 2018) SEC 2018-05-09 — judgment
SEC v. Peter H. Pocklington, The Eye Machine LLC and others (boiler rooms, 2018) SEC 2018-04-05 $2.4m settled
SEC v. Jason A. Wallace (boiler rooms, 2017) SEC 2017-12-18 $435k judgment
SEC v. Jason McDiarmid, et al. (boiler rooms, 2017) SEC 2017-09-29 $3.3m judgment
SEC v. David Howard Welch, et al (boiler rooms, 2017) SEC 2017-09-28 $30k settled
SEC v. Tennstar Energy, Inc., et al. (boiler rooms, 2017) SEC 2017-08-30 — judgment
SEC v. Jack Sini (boiler rooms, 2017) SEC 2017-08-23 — settled
SEC v. Jason Hershberger (boiler rooms, 2017) SEC 2017-08-23 — settled
SEC v. Juan M. Perez Ortega (boiler rooms, 2017) SEC 2017-08-23 — settled
SEC v. Martin Miller (boiler rooms, 2017) SEC 2017-08-23 — settled
SEC v. Shawna Leigh Lynch (boiler rooms, 2017) SEC 2017-08-23 — settled
SEC v. Powertraderspress.com, Inc., Elite Stock Research, Inc. and others (boiler rooms, 2017) SEC 2017-07-12 — unknown
SEC v. Steve G. Blasko (boiler rooms, 2017) SEC 2017-07-07 $945k judgment
SEC v. Diana P. Lovera (boiler rooms, 2017) SEC 2017-06-28 — judgment
SEC v. Harrison Katzen (boiler rooms, 2017) SEC 2017-05-31 — judgment
SEC v. LottoNet Operating Corp., et al. (boiler rooms, 2017) SEC 2017-03-27 $473k judgment
SEC v. Oxford City Football Club, Inc. (boiler rooms, 2017) SEC 2017-02-08 — judgment
SEC v. Oxford City Football Club, Inc., et al. (boiler rooms, 2017) SEC 2017-02-08 — judgment
SEC v. Marcus A. Luna, et al. (boiler rooms, 2016) SEC 2016-09-30 $15k judgment
SEC v. Craig V. Sizer, and Miguel Mesa (boiler rooms, 2016) SEC 2016-09-28 — settled
SEC v. Jason A. Wallace (boiler rooms, 2016) SEC 2016-09-27 $435k judgment
SEC v. Sky Capital LLC, Ross Mandell and others (boiler rooms, 2016) SEC 2016-04-22 — judgment
SEC v. Edward Laborio, et al. (boiler rooms, 2016) SEC 2016-04-07 — judgment
SEC v. Edward Laborio and Jonathan Fraiman (boiler rooms, 2015) SEC 2015-12-16 $4m judgment
SEC v. Oxford City Football Club, Inc. and Thomas Anthony Guerriero (boiler rooms, 2015) SEC 2015-12-16 — settled
SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015) SEC 2015-10-01 — settled
SEC v. Moshe Yehuda Dunoff (boiler rooms, 2015) SEC 2015-08-20 — settled
ASIC permanently bans Australian mastermind of UK fraud (2015) ASIC 2015-05-21 — unknown
SEC v. eCareer Holdings, Inc., eCareer, Inc., Joseph J. Azzata, Dean A. Esposito, Joseph DeVito, and Frederick J. Birks, et al. (boiler rooms, 2015) SEC 2015-04-16 — settled
SEC v. Joseph Hilton a/k/a Joseph Yurkin (boiler rooms, 2013) SEC 2013-08-09 — judgment
SEC v. New Horizon Publishing Inc. (boiler rooms, 2013) SEC 2013-08-09 — settled