Market Manipulation. Search

False rumours enforcement actions

This library records 5 enforcement actions tagged false rumours. Spreading false rumours is seeding an untrue claim about a company into channels traders read, in order to move the price and trade against the reaction before the claim can be checked.

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 false rumours technique page.

Actions
5
Total penalties
$0
Median penalty
Largest
Criminal parallel
100%
Action Agency Filed Penalty Status
SEC v. Milan V. Patel (false rumors, 2025) SEC 2025-04-11 judgment
SEC v. Milan Patel (false rumors, 2023) SEC 2023-02-16 filed
SEC v. Charles Parrino (false rumors, 2022) SEC 2022-09-28 settled
SEC v. Anthony Salandra (false rumors, 2022) SEC 2022-04-11 settled
SEC v. Barton S. Ross (false rumors, 2020) SEC 2020-12-18 settled