Scalping
Scalping, in the promotion sense, is recommending a security publicly while secretly selling it into the demand the recommendation creates. The undisclosed conflict is the fraud.
Where does scalping come up?
This term is used in the following manipulation techniques, each explained in full on its own page.
Enforcement actions involving these techniques
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Brian Robert Sodi, et al. (newsletter scalping, 2023) | SEC | 2023-03-14 | Newsletter Scalping , Pump And Dump | — | judgment |
| SEC v. Harmel S. Rayat, RenovaCare, Inc., Jatinder Bhogal, Jeetenderjit Singh Sidhu, and Sharon Fleming (newsletter scalping, 2022) | SEC | 2022-08-29 | Newsletter Scalping | $3m | settled |
| SEC v. John David McAfee and Jimmy Gale Watson, Jr. (newsletter scalping, 2022) | SEC | 2022-07-15 | Newsletter Scalping | — | judgment |
| AMF France v. Quotidien de Paris Editions and others (newsletter scalping, 2022) | AMF (France) | 2022-03-04 | Newsletter Scalping | — | judgment |
| SEC v. Michael M. Beck, a/k/a @BigMoneyMike6, and Relief Defendant Helen P. Robinson (newsletter scalping, 2022) | SEC | 2022-02-07 | Newsletter Scalping , Social Media Ramps | $230k | judgment |