https://marketmanipulation.org/cases/technique/social-media-ramps/ The 27 most recent enforcement records tagged social media ramps in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges. en-us Tue, 03 Nov 2026 00:00:00 GMT https://marketmanipulation.org/cases/sebi-105574-social-media-ramps-2026/ https://marketmanipulation.org/cases/sebi-105574-social-media-ramps-2026/ To be completed from the SEBI order. SEBI adjudication order published 2026-11-03: Adjudication Order in the matter of front running of the trades of Axis Mutual Fund Tue, 03 Nov 2026 00:00:00 GMT SEBI social-media-ramps matched-orders price-manipulation https://marketmanipulation.org/cases/sebi-103309-social-media-ramps-2026/ https://marketmanipulation.org/cases/sebi-103309-social-media-ramps-2026/ A SEBI adjudicating officer found in August 2026 that videos on a YouTube channel promoted Decillion Finance shares while connected traders bought and sold, with the price rising from about Rs 22 to Rs 95 between October 2022 and January 2023. The order imposes PFUTP penalties on eleven noticees and takeover-code disclosure penalties on others. Mon, 03 Aug 2026 00:00:00 GMT SEBI social-media-ramps price-manipulation https://marketmanipulation.org/cases/sebi-103248-social-media-ramps-2026/ https://marketmanipulation.org/cases/sebi-103248-social-media-ramps-2026/ A SEBI adjudicating officer ruled in July 2026 that four people who arranged and posted paid Telegram stock recommendations in Moksh Ornaments in early 2022 breached the PFUTP rules, with penalties totalling Rs 55 lakh. The case against nine others, including the Gupta family and three trading firms accused of selling into the rise, ended without penalty. Thu, 30 Jul 2026 00:00:00 GMT SEBI social-media-ramps paid-stock-promotion https://marketmanipulation.org/cases/sebi-103102-social-media-ramps-2026/ https://marketmanipulation.org/cases/sebi-103102-social-media-ramps-2026/ A SEBI adjudicating officer found in July 2026 that three of thirteen noticees circulated stock recommendations on Telegram channels to push up the price and volume of Akash Infra-Projects shares in 2021 and 2022. They are jointly penalised Rs 20 lakh; the order does not sanction the other ten. Tue, 28 Jul 2026 00:00:00 GMT SEBI social-media-ramps price-manipulation https://marketmanipulation.org/cases/sebi-101736-social-media-ramps-2026/ https://marketmanipulation.org/cases/sebi-101736-social-media-ramps-2026/ A May 2026 SEBI order found that publicity for the SME IPO of Veerkrupa Jewellers, including a news-site article and social media videos, was part of a fraudulent scheme, and that connected traders and the market maker moved the share price and volume after listing. Seventeen noticees receive market restraints of three to five years and some must disgorge gains. Fri, 29 May 2026 00:00:00 GMT SEBI paid-stock-promotion social-media-ramps price-manipulation https://marketmanipulation.org/cases/sebi-101474-social-media-ramps-2026/ https://marketmanipulation.org/cases/sebi-101474-social-media-ramps-2026/ A SEBI adjudicating officer re-decided in May 2026, after remand by the Securities Appellate Tribunal, a case alleging price manipulation of Darshan Orna Limited using Telegram tips in 2021 and 2022. The order again imposes penalties, Rs 2.9 crore on three members of one group and Rs 20 lakh on a second pair, each paid jointly and severally. Fri, 15 May 2026 00:00:00 GMT SEBI social-media-ramps price-manipulation https://marketmanipulation.org/cases/sebi-100430-social-media-ramps-2026/ https://marketmanipulation.org/cases/sebi-100430-social-media-ramps-2026/ A March 2026 SEBI order found that a promoter-linked Choksi group and associates pushed up the price and volume of Retro Green Revolution shares, helped by Telegram tips, so the group could sell out. It orders disgorgement of about Rs 2.94 crore, restraints of three to five years on eighteen noticees and penalties totalling Rs 2.8 crore. Tue, 17 Mar 2026 00:00:00 GMT SEBI social-media-ramps price-manipulation https://marketmanipulation.org/cases/sebi-99518-analyst-manipulation-2026/ https://marketmanipulation.org/cases/sebi-99518-analyst-manipulation-2026/ In February 2026 SEBI confirmed, after an interim order, that a group of related traders profited from advance knowledge of buy tips posted on Telegram channels for Unison Metals shares, with operators and company insiders helping. It ordered disgorgement of about Rs 3.87 crore, penalties totalling Rs 3.65 crore and market restraints of one to three years. Thu, 05 Feb 2026 00:00:00 GMT SEBI chat-group-pumps social-media-ramps https://marketmanipulation.org/cases/sec-brett-rosen-social-media-ramps-2026/ https://marketmanipulation.org/cases/sec-brett-rosen-social-media-ramps-2026/ In 2026, the Securities and Exchange Commission brought an action against Brett Rosen, Deborah Braun, David M. Massey and RB Capital Partners, Inc., alleging conduct this library classifies as social media ramps. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. A parallel criminal matter is referenced in the release. Wed, 04 Feb 2026 00:00:00 GMT SEC social-media-ramps https://marketmanipulation.org/cases/sebi-98502-social-media-ramps-2025/ https://marketmanipulation.org/cases/sebi-98502-social-media-ramps-2025/ In December 2025 a SEBI adjudicating officer found that the operator of two YouTube channels posted false claims of a Rs 600 crore government order for GG Engineering while connected traders gave liquidity so earlier shareholders could sell. Four of 43 noticees were penalised Rs 50 lakh jointly and severally. Fri, 19 Dec 2025 00:00:00 GMT SEBI social-media-ramps spoofing https://marketmanipulation.org/cases/sebi-96137-market-abuse-2025/ https://marketmanipulation.org/cases/sebi-96137-market-abuse-2025/ In August 2025 a SEBI adjudicating officer held that charges against Manish Mishra and Vivek Chauhan over YouTube videos promoting Hemo Organic Limited shares in 2022 were not established, because the videos could not be found. The proceedings were disposed of without penalty. Tue, 19 Aug 2025 00:00:00 GMT SEBI social-media-ramps https://marketmanipulation.org/cases/sebi-94294-social-media-ramps-2025/ https://marketmanipulation.org/cases/sebi-94294-social-media-ramps-2025/ A SEBI whole-time member found that promoters of Sadhna Broadcast and a network of market operators ran a pump-and-dump scheme using misleading YouTube videos, paid promotion and structured trading, while the promoters sold part of their stake to retail buyers. The order covered 64 noticees, imposed bans of one or five years, disgorgement with interest, and penalties of about Rs 19.9 crore in aggregate. Thu, 29 May 2025 00:00:00 GMT SEBI social-media-ramps pump-and-dump https://marketmanipulation.org/cases/sebi-93729-misleading-issuer-disclosure-2025/ https://marketmanipulation.org/cases/sebi-93729-misleading-issuer-disclosure-2025/ A SEBI officer found that three men ran a coordinated scheme of misleading YouTube videos recommending Atlantaa Limited shares, from which two of them profited, and ordered five-year market bans, disgorgement of about Rs 10.4 lakh and penalties of Rs 70 lakh. Four other noticees were given the benefit of the doubt. Wed, 30 Apr 2025 00:00:00 GMT SEBI social-media-ramps pump-and-dump https://marketmanipulation.org/cases/sebi-92276-market-abuse-2025/ https://marketmanipulation.org/cases/sebi-92276-market-abuse-2025/ In February 2025 SEBI settled its case against Ravindra Dahyabhai Patel, one of dozens of noticees in the Sadhna Broadcast Limited matter, in which YouTube videos with false content and unrealistic price targets were alleged to have been used to lift the share price before shares were sold. He neither admitted nor denied the allegations, paying Rs 72.8 lakh, disgorging about Rs 1.91 crore and accepting a six-month market ban. Thu, 27 Feb 2025 00:00:00 GMT SEBI social-media-ramps pump-and-dump https://marketmanipulation.org/cases/sebi-91430-social-media-ramps-2025/ https://marketmanipulation.org/cases/sebi-91430-social-media-ramps-2025/ In January 2025 SEBI found that misleading YouTube videos, boosted by paid advertising, had been used to draw buyers into the shares of Pressure Sensitive Systems (India) Limited after its relisting, while connected traders sold at a profit. The order directed disgorgement of Rs 2,54,94,702, imposed restraints of 1 to 5 years and penalties totalling Rs 3,05,00,000. Fri, 31 Jan 2025 00:00:00 GMT SEBI social-media-ramps pump-and-dump https://marketmanipulation.org/cases/sec-david-banister-et-al-social-media-ramps-2024/ https://marketmanipulation.org/cases/sec-david-banister-et-al-social-media-ramps-2024/ In 2024, the Securities and Exchange Commission brought an action against David Banister and The Market Analysts Group, LLC, alleging conduct this library classifies as social media ramps. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. Tue, 10 Dec 2024 00:00:00 GMT SEC social-media-ramps https://marketmanipulation.org/cases/sebi-83769-social-media-ramps-2024/ https://marketmanipulation.org/cases/sebi-83769-social-media-ramps-2024/ On 31 May 2024 a SEBI whole-time member found that a group around Prijesh Kurani used Telegram buy tips and connected accounts to pump and sell shares of Svarnim Trade Udyog Ltd in 2021. The order barred nine noticees for five years and two for two years, ordered disgorgement with interest and imposed penalties totalling Rs 7.75 crore. Fri, 31 May 2024 00:00:00 GMT SEBI social-media-ramps pump-and-dump https://marketmanipulation.org/cases/sebi-83550-social-media-ramps-2024/ https://marketmanipulation.org/cases/sebi-83550-social-media-ramps-2024/ On 22 May 2024 a SEBI whole-time member found that a stockbroking director and 18 others pumped Superior Finlease Ltd with connected-account trading and Telegram buy tips on 14 September 2021, then sold into the rise. The order barred all 19 noticees from the market, ordered disgorgement with interest and imposed penalties totalling Rs 11.9 crore. Wed, 22 May 2024 00:00:00 GMT SEBI social-media-ramps pump-and-dump https://marketmanipulation.org/cases/sec-michael-m-beck-social-media-ramps-2024/ https://marketmanipulation.org/cases/sec-michael-m-beck-social-media-ramps-2024/ In 2024, the Securities and Exchange Commission obtained a judgment against Michael M. Beck and Helen Robinson, alleging conduct this library classifies as social media ramps. The release records a civil penalty of $230,464, disgorgement of $572,270, prejudgment interest of $112,062. Mon, 13 May 2024 00:00:00 GMT SEC social-media-ramps https://marketmanipulation.org/cases/sebi-83114-social-media-ramps-2024/ https://marketmanipulation.org/cases/sebi-83114-social-media-ramps-2024/ On 30 April 2024 a SEBI chief general manager found that the administrator of the Telegram channel Safebulls, and a company he signed for, traded in stocks they were recommending to about 60,000 subscribers. The order barred both for one year, ordered disgorgement of the gains with interest and fined them Rs 5 lakh jointly. Tue, 30 Apr 2024 00:00:00 GMT SEBI social-media-ramps pump-and-dump https://marketmanipulation.org/cases/sec-francis-sabo-social-media-ramps-2023/ https://marketmanipulation.org/cases/sec-francis-sabo-social-media-ramps-2023/ In 2023, the Securities and Exchange Commission settled an action with Francis Sabo, alleging conduct this library classifies as social media ramps. The release does not state a monetary figure that we were able to extract. A parallel criminal matter is referenced in the release. Fri, 26 May 2023 00:00:00 GMT SEC social-media-ramps https://marketmanipulation.org/cases/sebi-70604-social-media-ramps-2023/ https://marketmanipulation.org/cases/sebi-70604-social-media-ramps-2023/ In April 2023 a SEBI whole-time member found that three administrators of the 49,000-subscriber Telegram channel Bull Run Investment Educational Channel bought stocks, recommended them without disclosing their position, and sold into the resulting demand, using family accounts too. SEBI ordered disgorgement of unlawful gains of about Rs 2.84 crore with interest, penalties of Rs 5.84 crore in total and market bans. Wed, 26 Apr 2023 00:00:00 GMT SEBI social-media-ramps pump-and-dump https://marketmanipulation.org/cases/sec-edward-constantin-et-al-social-media-ramps-2022/ https://marketmanipulation.org/cases/sec-edward-constantin-et-al-social-media-ramps-2022/ In 2022, the Securities and Exchange Commission brought an action against Perry Matlock and 7 others, alleging conduct this library classifies as social media ramps. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. A parallel criminal matter is referenced in the release. Wed, 14 Dec 2022 00:00:00 GMT SEC social-media-ramps https://marketmanipulation.org/cases/sec-justin-costello-social-media-ramps-2022/ https://marketmanipulation.org/cases/sec-justin-costello-social-media-ramps-2022/ In 2022 the SEC brought an action against Justin Costello and David Ferraro over an alleged microcap stock promotion scheme on social media. Ferraro consented to a final judgment on July 11, 2023 (disgorgement $142,724.97 plus interest), and I found no outcome for Costello. A parallel criminal matter is referenced in the release. Thu, 06 Oct 2022 00:00:00 GMT SEC social-media-ramps https://marketmanipulation.org/cases/sec-michael-m-beck-a-k-a-bigmoneymike6-newsletter-scalping-2022/ https://marketmanipulation.org/cases/sec-michael-m-beck-a-k-a-bigmoneymike6-newsletter-scalping-2022/ In February 2022 the SEC sued Michael Beck, who tweeted as @BigMoneyMike6, over alleged undisclosed selling of penny stocks he recommended to followers. On April 17, 2024 final judgments were obtained against Beck and his mother, relief defendant Helen Robinson, ordering Beck to pay $572,270 disgorgement, $112,062.32 interest and a $230,464 penalty. Mon, 07 Feb 2022 00:00:00 GMT SEC newsletter-scalping social-media-ramps https://marketmanipulation.org/cases/sec-steven-m-gallagher-a-k-a-alexander-delarge-social-media-ramps-2021/ https://marketmanipulation.org/cases/sec-steven-m-gallagher-a-k-a-alexander-delarge-social-media-ramps-2021/ In October 2021 the SEC sued Twitter stock promoter Steven Gallagher over alleged undisclosed selling of penny stocks he touted. A jury returned a verdict for the SEC on September 19, 2025, and on July 1, 2026 the court entered a final judgment with injunctions, a penny stock bar, $1,255,889 in disgorgement and a $472,902 penalty. Tue, 26 Oct 2021 00:00:00 GMT SEC social-media-ramps https://marketmanipulation.org/cases/sec-andrew-l-fassari-social-media-ramps-2021/ https://marketmanipulation.org/cases/sec-andrew-l-fassari-social-media-ramps-2021/ In 2021, the Securities and Exchange Commission obtained a judgment against Andrew L. Fassari, alleging conduct this library classifies as social media ramps. The release records a civil penalty of $195,047, disgorgement of $457,110, prejudgment interest of $8,007. Fri, 27 Aug 2021 00:00:00 GMT SEC social-media-ramps