Quotation medium
A quotation medium publishes dealer quotations for securities that are not exchange-listed. Rule 15c2-11 governs who may publish a quote and what information must exist first — a rule that has been tightened specifically to squeeze out shells.
Where does quotation medium come up?
This term is used in the following manipulation techniques, each explained in full on its own page.
Enforcement actions involving these techniques
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Gregg Evan Jaclin, Esq. (shell factories, 2019) | SEC | 2019-08-06 | Shell Factories | — | judgment |
| SEC v. Imran Husain, et al. (shell factories, 2019) | SEC | 2019-08-06 | Shell Factories | — | judgment |
| SEC v. Dov Zaidman, CPA and and ZBS Group LLP (shell factories, 2019) | SEC | 2019-04-22 | Shell Factories | — | settled |
| SEC v. Delaney Equity Group LLC Delaney and others (reverse merger schemes, 2018) | SEC | 2018-08-29 | Reverse Merger Schemes , Shell Factories +1 | $20k | settled |
| SEC v. Jay C. Lake, CPA (shell factories, 2018) | SEC | 2018-07-17 | Shell Factories | — | settled |