{
  "version": "https://jsonfeed.org/version/1.1",
  "title": "Market Manipulation: Social media ramps enforcement actions",
  "home_page_url": "https://marketmanipulation.org/cases/technique/social-media-ramps/",
  "feed_url": "https://marketmanipulation.org/feeds/technique/social-media-ramps.json",
  "description": "The 9 most recent enforcement records tagged social media ramps 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-brett-rosen-social-media-ramps-2026/",
      "url": "https://marketmanipulation.org/cases/sec-brett-rosen-social-media-ramps-2026/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26475",
      "title": "SEC v. Brett Rosen and others (social media ramps, 2026)",
      "summary": "In 2026, the Securities and Exchange Commission brought an action against Brett Rosen, Deborah Braun, David M. Massey and RB Capital Partners, Inc., alleging conduct this library classifies as social media ramps. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. A parallel criminal matter is referenced in the release.",
      "date_published": "2026-02-04T00:00:00.000Z",
      "tags": [
        "SEC",
        "social-media-ramps"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-david-banister-et-al-social-media-ramps-2024/",
      "url": "https://marketmanipulation.org/cases/sec-david-banister-et-al-social-media-ramps-2024/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26187",
      "title": "SEC v. David Banister, et al. (social media ramps, 2024)",
      "summary": "In 2024, the Securities and Exchange Commission brought an action against David Banister and The Market Analysts Group, LLC, alleging conduct this library classifies as social media ramps. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven.",
      "date_published": "2024-12-10T00:00:00.000Z",
      "tags": [
        "SEC",
        "social-media-ramps"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-michael-m-beck-social-media-ramps-2024/",
      "url": "https://marketmanipulation.org/cases/sec-michael-m-beck-social-media-ramps-2024/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26003",
      "title": "SEC v. Michael M. Beck and Helen Robinson (social media ramps, 2024)",
      "summary": "In 2024, the Securities and Exchange Commission obtained a judgment against Michael M. Beck and Helen Robinson, alleging conduct this library classifies as social media ramps. The release records a civil penalty of $230,464, disgorgement of $572,270, prejudgment interest of $112,062.",
      "date_published": "2024-05-13T00:00:00.000Z",
      "tags": [
        "SEC",
        "social-media-ramps"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-francis-sabo-social-media-ramps-2023/",
      "url": "https://marketmanipulation.org/cases/sec-francis-sabo-social-media-ramps-2023/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25736",
      "title": "SEC v. Francis Sabo (social media ramps, 2023)",
      "summary": "In 2023, the Securities and Exchange Commission settled an action with Francis Sabo, alleging conduct this library classifies as social media ramps. The release does not state a monetary figure that we were able to extract. A parallel criminal matter is referenced in the release.",
      "date_published": "2023-05-26T00:00:00.000Z",
      "tags": [
        "SEC",
        "social-media-ramps"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-edward-constantin-et-al-social-media-ramps-2022/",
      "url": "https://marketmanipulation.org/cases/sec-edward-constantin-et-al-social-media-ramps-2022/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25591",
      "title": "SEC v. Edward Constantin, et al. (social media ramps, 2022)",
      "summary": "In 2022, the Securities and Exchange Commission brought an action against Perry Matlock and 7 others, alleging conduct this library classifies as social media ramps. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. A parallel criminal matter is referenced in the release.",
      "date_published": "2022-12-14T00:00:00.000Z",
      "tags": [
        "SEC",
        "social-media-ramps"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-justin-costello-social-media-ramps-2022/",
      "url": "https://marketmanipulation.org/cases/sec-justin-costello-social-media-ramps-2022/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25552",
      "title": "SEC v. Justin Costello and David Ferraro (social media ramps, 2022)",
      "summary": "In 2022 the SEC brought an action against Justin Costello and David Ferraro over an alleged microcap stock promotion scheme on social media. Ferraro consented to a final judgment on July 11, 2023 (disgorgement $142,724.97 plus interest), and I found no outcome for Costello. A parallel criminal matter is referenced in the release.",
      "date_published": "2022-10-06T00:00:00.000Z",
      "tags": [
        "SEC",
        "social-media-ramps"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-michael-m-beck-a-k-a-bigmoneymike6-newsletter-scalping-2022/",
      "url": "https://marketmanipulation.org/cases/sec-michael-m-beck-a-k-a-bigmoneymike6-newsletter-scalping-2022/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25325",
      "title": "SEC v. Michael M. Beck, a/k/a @BigMoneyMike6, and Relief Defendant Helen P. Robinson (newsletter scalping, 2022)",
      "summary": "In February 2022 the SEC sued Michael Beck, who tweeted as @BigMoneyMike6, over alleged undisclosed selling of penny stocks he recommended to followers. On April 17, 2024 final judgments were obtained against Beck and his mother, relief defendant Helen Robinson, ordering Beck to pay $572,270 disgorgement, $112,062.32 interest and a $230,464 penalty.",
      "date_published": "2022-02-07T00:00:00.000Z",
      "tags": [
        "SEC",
        "newsletter-scalping",
        "social-media-ramps"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-steven-m-gallagher-a-k-a-alexander-delarge-social-media-ramps-2021/",
      "url": "https://marketmanipulation.org/cases/sec-steven-m-gallagher-a-k-a-alexander-delarge-social-media-ramps-2021/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25248",
      "title": "SEC v. Steven M. Gallagher, a/k/a \"Alexander Delarge\" (social media ramps, 2021)",
      "summary": "In October 2021 the SEC sued Twitter stock promoter Steven Gallagher over alleged undisclosed selling of penny stocks he touted. A jury returned a verdict for the SEC on September 19, 2025, and on July 1, 2026 the court entered a final judgment with injunctions, a penny stock bar, $1,255,889 in disgorgement and a $472,902 penalty.",
      "date_published": "2021-10-26T00:00:00.000Z",
      "tags": [
        "SEC",
        "social-media-ramps"
      ]
    },
    {
      "id": "https://marketmanipulation.org/cases/sec-andrew-l-fassari-social-media-ramps-2021/",
      "url": "https://marketmanipulation.org/cases/sec-andrew-l-fassari-social-media-ramps-2021/",
      "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25185",
      "title": "SEC v. Andrew L. Fassari (social media ramps, 2021)",
      "summary": "In 2021, the Securities and Exchange Commission obtained a judgment against Andrew L. Fassari, alleging conduct this library classifies as social media ramps. The release records a civil penalty of $195,047, disgorgement of $457,110, prejudgment interest of $8,007.",
      "date_published": "2021-08-27T00:00:00.000Z",
      "tags": [
        "SEC",
        "social-media-ramps"
      ]
    }
  ]
}