{
  "version": "https://jsonfeed.org/version/1.1",
  "title": "Market Manipulation: Float locking enforcement actions",
  "home_page_url": "https://marketmanipulation.org/cases/technique/float-locking/",
  "feed_url": "https://marketmanipulation.org/feeds/technique/float-locking.json",
  "description": "The 1 most recent enforcement records tagged float locking in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.",
  "language": "en-US",
  "items": [
    {
      "id": "https://marketmanipulation.org/cases/sec-howard-m-appel-float-locking-2019/",
      "url": "https://marketmanipulation.org/cases/sec-howard-m-appel-float-locking-2019/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-24475",
      "title": "SEC v. Howard M. Appel (float locking, 2019)",
      "summary": "In May 2019 the SEC reported a consent judgment against Howard M. Appel for orchestrating schemes to manipulate three microcap stocks by secretly controlling their float and using matched trading to simulate demand, from which he took over $3 million in profit. The judgment awards $3,868,699 in disgorgement and $487,248 in interest, deemed satisfied by his criminal forfeiture, and imposes penny stock and officer-director bars. He was sentenced to 60 months in prison.",
      "date_published": "2019-05-22T00:00:00.000Z",
      "tags": [
        "SEC",
        "float-locking"
      ]
    }
  ]
}