Market Manipulation. Search

Newsletter scalping enforcement actions

This library records 13 enforcement actions tagged newsletter scalping. Newsletter scalping is recommending a security publicly while secretly selling it into the demand the recommendation creates, so that subscribers acting on the advice become the publisher's exit.

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 newsletter scalping technique page.

Actions
13
Total penalties
$8.6m
Median penalty
$789k
Largest
$3m
Criminal parallel
15%
Action Agency Filed Penalty Status
SEC v. Brian Robert Sodi, et al. (newsletter scalping, 2023) SEC 2023-03-14 — judgment
SEC v. Harmel S. Rayat, RenovaCare, Inc., Jatinder Bhogal, Jeetenderjit Singh Sidhu, and Sharon Fleming (newsletter scalping, 2022) SEC 2022-08-29 $3m settled
SEC v. John David McAfee and Jimmy Gale Watson, Jr. (newsletter scalping, 2022) SEC 2022-07-15 — judgment
AMF France v. Quotidien de Paris Editions and others (newsletter scalping, 2022) AMF (France) 2022-03-04 — judgment
SEC v. Michael M. Beck, a/k/a @BigMoneyMike6, and Relief Defendant Helen P. Robinson (newsletter scalping, 2022) SEC 2022-02-07 $230k judgment
SEC v. SeeThruEquity, LLC, Ajay Tandon, and Amit Tandon (newsletter scalping, 2022) SEC 2022-01-28 $520k judgment
SEC v. Brian Robert Sodi, et al. (newsletter scalping, 2019) SEC 2019-09-19 — settled
SEC v. SeeThruEquity, LLC et al. (newsletter scalping, 2018) SEC 2018-11-08 $520k judgment
SEC v. Joseph A. Fiore, Berkshire Capital Management Company, Inc., and Eat at Joe's, Ltd. (n/k/a SPYR, Inc.) (newsletter scalping, 2018) SEC 2018-06-20 $1.5m settled
SEC v. Micheal A. Skerry (newsletter scalping, 2017) SEC 2017-09-29 $1.1m judgment
SEC v. Joey Giamichael and Umbrella Research, LLC (newsletter scalping, 2017) SEC 2017-07-25 $48.9k settled
SEC v. Gary S. Williky (insider trading, 2015) SEC 2015-03-02 $1.7m judgment
AMF France v. A (newsletter-scalping, 2010) AMF (France) 2010-12-16 — judgment