{ "version": "https://jsonfeed.org/version/1.1", "title": "Market Manipulation: Analyst manipulation enforcement actions", "home_page_url": "https://marketmanipulation.org/cases/technique/analyst-manipulation/", "feed_url": "https://marketmanipulation.org/feeds/technique/analyst-manipulation.json", "description": "The 6 most recent enforcement records tagged analyst manipulation in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.", "language": "en-US", "items": [ { "id": "https://marketmanipulation.org/cases/sebi-84079-social-media-ramps-2024/", "url": "https://marketmanipulation.org/cases/sebi-84079-social-media-ramps-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jun-2024/in-the-matter-of-cnbc-awaaz_84079.html", "title": "SEBI v. Pradeep Baijnath Pandya and others (CNBC Awaaz, 2024)", "summary": "On 11 June 2024 a SEBI whole-time member found that a CNBC Awaaz anchor and a regular guest analyst, with the analyst's family entities, traded on stock recommendations before or as they were broadcast. The order barred eight noticees for five years, ordered disgorgement with interest and imposed Rs 2.6 crore in penalties.", "date_published": "2024-06-11T00:00:00.000Z", "tags": [ "SEBI", "analyst-manipulation", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sec-seethruequity-llc-ajay-tandon-analyst-manipulation-2022/", "url": "https://marketmanipulation.org/cases/sec-seethruequity-llc-ajay-tandon-analyst-manipulation-2022/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25321", "title": "SEC v. SeeThruEquity, LLC, Ajay Tandon, and Amit Tandon (newsletter scalping, 2022)", "summary": "In 2022, the SEC announced a final judgment in the Southern District of New York against Ajay and Amit Tandon, founders of research firm SeeThruEquity, over \"unbiased\" research reports that were allegedly paid for through camouflaged conference fees with manipulated price targets, and scalping by Ajay Tandon. Civil penalties of $270,000 (Ajay) and $250,000 (Amit) and five-year bars were ordered.", "date_published": "2022-01-28T00:00:00.000Z", "tags": [ "SEC", "analyst-manipulation", "newsletter-scalping" ] }, { "id": "https://marketmanipulation.org/cases/sec-seethruequity-llc-et-al-analyst-manipulation-2018/", "url": "https://marketmanipulation.org/cases/sec-seethruequity-llc-et-al-analyst-manipulation-2018/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-24341", "title": "SEC v. SeeThruEquity, LLC et al. (newsletter scalping, 2018)", "summary": "In November 2018 the SEC sued SeeThruEquity and brothers Ajay and Amit Tandon over allegedly paid-for research reports presented as unbiased and scalping. After consent injunctions, the Southern District of New York entered a final judgment on 21 January 2022 imposing civil penalties of $270,000 and $250,000 and five-year penny stock and officer-and-director bars.", "date_published": "2018-11-08T00:00:00.000Z", "tags": [ "SEC", "analyst-manipulation", "newsletter-scalping", "paid-stock-promotion" ] }, { "id": "https://marketmanipulation.org/cases/amf-fr-san-2017-05-analyst-manipulation-2017/", "url": "https://marketmanipulation.org/cases/amf-fr-san-2017-05-analyst-manipulation-2017/", "external_url": "https://www.amf-france.org/fr/sanctions-transactions/decisions-de-la-commission-des-sanctions/san-2017-05-decision-de-la-commission-des-sanctions-du-29-mai-2017-legard-de-m", "title": "AMF France v. A (analyst manipulation, 2017)", "summary": "In May 2017 the AMF Commission des sanctions fined a financial analyst, published as A, 100,000 euros and banned him from analyst activity for ten years for personal trading in breach of employer rules and for a Vallourec note published without disclosing his position. Charges of using inside information on recommendations were not established.", "date_published": "2017-05-29T00:00:00.000Z", "tags": [ "AMF-FR", "analyst-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-deutsche-bank-securities-inc-analyst-manipulation-2016/", "url": "https://marketmanipulation.org/cases/sec-deutsche-bank-securities-inc-analyst-manipulation-2016/", "external_url": "https://www.sec.gov/files/litigation/admin/2016/34-79083.pdf", "title": "SEC v. Deutsche Bank Securities Inc. (analyst manipulation, 2016)", "summary": "In 2016, the SEC settled an administrative proceeding with Deutsche Bank Securities Inc. over three violations: failing to maintain policies to stop research analysts misusing non-public information, publishing a BUY research report certified as the analyst's view when he held a downgrade view, and failing to preserve electronic communications. The firm paid a $9.5 million civil penalty.", "date_published": "2016-10-12T00:00:00.000Z", "tags": [ "SEC", "analyst-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/amf-fr-san-2010-09-analyst-manipulation-2010/", "url": "https://marketmanipulation.org/cases/amf-fr-san-2010-09-analyst-manipulation-2010/", "external_url": "https://www.amf-france.org/fr/sanctions-transactions/decisions-de-la-commission-des-sanctions/san-2010-09-decision-de-la-commission-des-sanctions-du-21-janvier-2010-legard-de-mm-et-b", "title": "AMF France v. A, B (analyst-manipulation, front-running, 2010)", "summary": "In January 2010 the AMF's Commission des sanctions gave a warning to a financial analyst and a reprimand to a fund manager at the same firm for breaches of personal-trading rules. It rejected the charges that the analyst's buy recommendations were misleading and that the manager traded on his firm's orders, so no market-abuse breach was upheld.", "date_published": "2010-01-21T00:00:00.000Z", "tags": [ "AMF-FR", "analyst-manipulation", "front-running" ] } ] }