[25-466] Sripetch v. SEC

About this episode

The episode discusses the case of Ongkaruck Sripetch v. SEC, focusing on fraudulent securities schemes and legal implications.

Sripetch v. SEC Justia · Docket · oyez.org Argued on Apr 20, 2026. Petitioner: Ongkaruck Sripetch. Respondent: Securities and Exchange Commission. Advocates: Daniel L. Geyser (for the Petitioner) Malcolm L. Stewart (for the Respondent) Facts of the case (from oyez.org) From at least 2013 to 2019, Ongkaruck Sripetch participated in a series of fraudulent securities schemes involving at least 20 microcap, or “penny,” stock companies. Working alongside various associates and through multiple entities, Sripetch acquired discounted shares of small-cap companies and then secretly funded promotional campaigns to inflate their stock prices before selling his own holdings into the artificially heightened market—a practice known as stock scalping. He also engaged in unregistered sales of securities, most notably through control of a company called Abby Inc., and manipulated trading in another company, VMS Rehab Systems, through matched trades and wash trades designed to create the illusion of market activity. Later, he organized pump-and-dump schemes for Argus Worldwide stock, using matched trading to build trading volume before dumping shares after promotions without…

People in this episode

Guests: Daniel L. Geyser, Malcolm L. Stewart

Topics covered

• securities fraud
• stock manipulation
• legal proceedings
• pump-and-dump schemes
• microcap stocks

Keywords

• Ongkaruck Sripetch
• Securities and Exchange Commission
• fraudulent schemes
• stock scalping
• pump-and-dump

Mentioned in this episode

Organizations: Securities and Exchange Commission, Abby Inc., VMS Rehab Systems, Argus Worldwide

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