Marking the close enforcement actions
This library records 10 enforcement actions tagged marking the close. Marking the close is trading in the final minutes of a session specifically to move the closing price, which is the price that sets portfolio valuations, margin calls, index levels and derivative settlements.
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 marking the close technique page.
- Actions
- 10
- Total penalties
- $470k
- Median penalty
- $87.5k
- Largest
- $220k
- Criminal parallel
- 20%
| Action | Agency | Filed | Penalty | Status |
|---|---|---|---|---|
| SEC v. Canaccord Genuity LLC (marking the close, 2026) | SEC | 2026-03-06 | — | settled |
| SEC v. Ahmad Haris Tajyar and Eric Leo Marsoubian (marking the close, 2021) | SEC | 2021-08-13 | $220k | settled |
| SEC v. Andrew J. Kandelapas (marking the close, 2019) | SEC | 2019-06-21 | — | judgment |
| SEC v. Lai Guanglin (Alan) (marking the close, 2018) | SEC | 2018-12-10 | — | settled |
| SEC v. Richard P. Cedrone, Steven R. Ferris and George R. Thoreson (marking the close, 2017) | SEC | 2017-09-05 | $75k | judgment |
| SEC v. Wanger and Eric David Wanger Investment Management, Inc. (marking the close, 2017) | SEC | 2017-07-10 | $75k | dismissed |
| SEC v. Adesh Kumar Tyagi (marking the close, 2017) | SEC | 2017-06-01 | — | unknown |
| SEC v. Michael J. Ling (marking the close, 2015) | SEC | 2015-12-23 | $100k | judgment |
| SEC v. James Goodland and Securus Wealth Management, LLC (marking the close, 2015) | SEC | 2015-09-30 | — | settled |
| SEC v. Donald L. Koch and Koch Asset Management, LLC (marking the close, 2015) | SEC | 2015-07-20 | — | appealed |