Stock promoter

A stock promoter is someone paid to generate investor interest in a security. The role is legal; concealing the payment, or promoting stock the promoter is simultaneously selling, is not.

manipulation techniques · updated 2026-09-23

Where does stock promoter come up?

This term is used in the following manipulation techniques, each explained in full on its own page.

Paid stock promotion — Paid stock promotion is publicising a security in exchange for compensation, which is lawful only if the fact of payment, the payer and the amount are fully disclosed under Securities Act Section 17(b).
Boiler rooms — A boiler room is a high-pressure sales operation that sells securities to investors using scripted misrepresentations, converting a block of stock the operator holds into cash one call at a time.

Enforcement actions involving these techniques

Action	Agency	Filed	Technique	Penalty	Status
SEC v. Brian Keasberry (paid stock promotion, 2026)	SEC	2026-08-21	Paid Stock Promotion	$37.5k	judgment
SEC v. Andrew Spaventa and others (boiler rooms, 2026)	SEC	2026-08-17	Boiler Rooms	—	filed
SEC v. Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., Rainberry, Inc., and DeAndre Cortez Way (paid stock promotion, 2026)	SEC	2026-03-05	Paid Stock Promotion , Wash Trading	$10m	judgment
SEC v. Medallion Financial Corp., Andrew Murstein, Lawrence Meyers, and Ichabod’s Cranium, Inc. (paid stock promotion, 2025)	SEC	2025-06-06	Paid Stock Promotion	$3m	judgment
SEC v. John S. Clayton and others (insider trading, 2024)	SEC	2024-12-11	Insider Trading , Paid Stock Promotion	—	filed

Terms that refer here

Boiler room · Touting

Back to the full glossary — 261 defined terms.

Stock promoter

Where does stock promoter come up?

Enforcement actions involving these techniques

See also

Terms that refer here