SEC Sues NC Man For 'Free-Riding' Securities Scheme

By Emilie Ruscoe ( September 22, 2025, 9:58 PM EDT) — A North Carolina man faces U.S. Securities and Exchange Commission allegations that he systematically gamed certain broker-dealers to engage in a so-called free-riding scheme that enabled him to trade nearly $900,000 worth of securities despite not actually possessing the funds to do so….

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