Newsletter scalping enforcement actions

This library records 13 enforcement actions tagged newsletter scalping. Newsletter scalping is recommending a security publicly while secretly selling it into the demand the recommendation creates, so that subscribers acting on the advice become the publisher's exit.

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 newsletter scalping technique page.

Actions

13

Total penalties

$8.6m

Median penalty

$789k

Largest

$3m

Criminal parallel

15%