Sripetch v. SEC · ¶15

All that brings us to this case. Ongkaruck Sripetch “ `engage[d] in numerous fraudulent schemes . . . involving at least 20 penny stock companies.' ” 154 F. 4th 980, 984 (CA9 2025). Some were classic “pump and dump” operations in which Mr. Sripetch and his co-conspirators obtained shares of penny-stock companies, promoted the companies to others, watched the share price rise, and then promptly sold. App. to Pet. for Cert. 25a–26a (Pet. App.). On discovering the schemes, the SEC brought a civil enforcement action against Mr. Sripetch, charging him in court with six counts of securities fraud and one count of selling unregistered securities. Mr. Sripetch consented to the entry of judgment against him and agreed that the court could order disgorgement.

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