2 manipulation actions, led by ponzi schemes — 2026-09-01
2 market manipulation enforcement actions recorded on 2026-09-01, brought by SEC.
2 market manipulation enforcement actions were recorded on 2026-09-01, brought by the SEC. No civil penalty figures were disclosed in the releases. 2 of the 2 involve ponzi schemes, which is the day’s through-line.
What landed today
- SEC v. David T. Gilchrist, Christopher Aaron Novinger, Rebecca Novinger (ponzi schemes, 2026) — the SEC recorded conduct against David T. Gilchrist, Christopher Aaron Novinger, Rebecca Novinger that this library classifies as ponzi schemes. The release does not state a monetary figure we could extract. A parallel criminal matter is referenced.
- SEC v. Mordechai Haim Ferder and others (ponzi schemes, 2026) — the SEC recorded conduct against Mordechai Haim Ferder and 4 others that this library classifies as ponzi schemes. The release does not state a monetary figure we could extract.
What this tells us
1 of today’s 2 action references a parallel criminal proceeding, which is a high share for a single day. Every action today falls under one technique, which is unusual and is more likely to reflect a coordinated sweep than a shift in what regulators are looking at. A single day tells you very little on its own — enforcement counts are dominated by the timing of announcements rather than by anything happening in markets. The year index and the charts are where a trend would show up, if there were one.
The actions in full
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. David T. Gilchrist, Christopher Aaron Novinger, Rebecca Novinger (ponzi schemes, 2026) | SEC | 2026-09-01 | Ponzi Schemes | — | unknown |
| SEC v. Mordechai Haim Ferder and others (ponzi schemes, 2026) | SEC | 2026-09-01 | Ponzi Schemes | — | unknown |
Every action listed here is described as the issuing regulator described it. Where a matter is recorded as filed, the conduct is alleged and unproven. See our editorial policy.