caption SEC Sues Day Trader, Claiming He Gave False Info to Manipulate Market
This suit was surfaced by Law.com Radar. Read the complaint here.
February 21, 2023 at 07:03 AM
1 minute read
Securities Litigation
The U.S. Securities and Exchange Commission sued self-employed day trader Milan V. Patel Thursday in Georgia Northern District Court. The suit contends that Patel disseminated false information to Mark Melnick, a former online trading platform host, in an attempt to manipulate the securities market by causing the prices of certain stocks to temporarily rise. The case is 2:23-cv-00026, Securities and Exchange Commission v. Patel.
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