Market Manipulation. Search

Mismarking enforcement actions

This library records 16 enforcement actions tagged mismarking. Mismarking is deliberately recording the value of positions or portfolio assets away from what they are worth, to hide losses, inflate a fund's reported performance or raise pay and fees, without any trade in the open market.

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 mismarking technique page.

Actions
16
Total penalties
$15.6m
Median penalty
$750k
Largest
$5.8m
Criminal parallel
25%
Action Agency Filed Penalty Status
FCA v. Travis Lloyd Klein (fictitious internal trades, 2024) FCA 2024-11-18 — unknown
SEC v. Infinity Q Capital Management, LLC (mismarking, 2023) SEC 2023-06-16 — settled
SEC v. Infinity Q Diversified Alpha Fund (mismarking, 2022) SEC 2022-11-10 — settled
SEC v. Scott Lindell (mismarking, 2022) SEC 2022-09-30 — settled
CFTC v. Natixis (mismarking, 2022) CFTC 2022-09-06 $2.8m settled
SEC v. Semper Capital Management, L.P. (mismarking, 2020) SEC 2020-04-28 $375k settled
SEC v. Live Well Financial, Inc., Michael C. Hild, Eric Rohr, and Darren Stumberger (mismarking, 2019) SEC 2019-08-29 — settled
SEC v. Christopher Plaford (insider trading, 2019) SEC 2019-07-29 — judgment
CFTC v. Swapnil Rege (mismarking, 2019) CFTC 2019-07-18 $100k settled
CFTC v. David Smothermon (mismarking, 2019) CFTC 2019-05-09 — filed
CFTC v. Jacob Bourne (mismarking, 2018) CFTC 2018-11-08 $350k settled
SEC v. Citigroup Global Markets Inc. and Citigroup Inc. (mismarking, 2018) SEC 2018-08-16 $5.8m settled
SEC v. Visium Asset Management, LP (insider trading, 2018) SEC 2018-05-08 $4.8m settled
SEC v. Stefan Lumiere (mismarking, 2018) SEC 2018-03-05 — judgment
CFTC v. John Aaron Brooks (mismarking, 2014) CFTC 2014-08-04 $500k judgment
CFTC v. Kevin Cassidy (mismarking, 2013) CFTC 2013-05-30 $1m judgment