Action against Defendants, two microcap investors, for an alleged pump-and-dump scheme.  According to the SEC, Defendants cold-called retail investors to tout several microcap stocks that they held and, after the resulting price increase, sold their holdings.  The SEC also alleges that Defendants made misrepresentations in touting the stocks and attempted to hide their control of one of the microcap companies.  One Defendant has been charged in a parallel criminal proceeding.

SEC Complaint

SEC Litigation Release

SEC Press Release