SEC Files Settled Action as to North Carolina Trader Charged in Fraudulent "Free-Riding" Scheme
August 27, 2026
August 27, 2026
WASHINGTON, Aug. 27 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Mayur Baviskar, No. 5:26-CV-00600-BO (E.D.N.C. filed Aug. 25, 2026)
On August 25, 2026, the Securities and Exchange Commission filed a settled action alleging that Mayur Baviskar, of Morrisville, North Carolina, engaged in a fraudulent "free-riding" scheme through which he withdrew $6,078.16 in trading . . .
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Securities and Exchange Commission v. Mayur Baviskar, No. 5:26-CV-00600-BO (E.D.N.C. filed Aug. 25, 2026)
On August 25, 2026, the Securities and Exchange Commission filed a settled action alleging that Mayur Baviskar, of Morrisville, North Carolina, engaged in a fraudulent "free-riding" scheme through which he withdrew $6,078.16 in trading . . .