SEC v. Leena Jaitley, No. LR-26212, Western District of Texas (Jan. 7, 2025) — Press Release
raw: Leena Jaitley
Leena Jaitley, No. 1:21-cv-00832 (Jan. 7, 2025)
summary
Leena Jaitley obtained a final judgment for operating fraudulent websites that misled investors into losing over $800,000 in principal.
paragraph
Leena Jaitley operated the websites Managed Options Trading and Options by Pros to defraud at least fifteen investors of over $800,000. She was charged with violating multiple antifraud provisions of the Securities Act, the Exchange Act, and the Investment Advisers Act. The court ordered Jaitley to disgorge $672,833 in gains plus $158,835 in interest and pay a $672,833 civil penalty.
narrative
Leena Jaitley operated two fraudulent websites, Managed Options Trading and Options by Pros, to solicit investments for options trading. She falsely claimed to employ experienced New York-based traders using a proprietary methodology, while actually operating from Austin, Texas, with her father. This scheme resulted in at least fifteen investors losing more than $800,000 in principal. Following a summary judgment in January 2024, a final judgment was entered in December 2024. Jaitley was found to have violated multiple antifraud provisions of the Securities Act, the Exchange Act, and the Investment Advisers Act. The court ordered her to disgorge $672,833 in ill-gotten gains, pay $158,835 in prejudgment interest, and pay a $672,833 civil penalty. Additionally, she is permanently enjoined from future violations of federal securities laws.
Classified pump-and-dump(confidence 90%). EDGAR detection: forms S-8/S-1/424B/8-K· recall 69% / precision 12%. detection rule →
Statutes
Parties
Securities and Exchange CommissionLeena JaitleyOta LLCTaraben Patel
Keywords
jaitleyleena jaitleysecsecurities exchangeaustin texassecuritiesoptionsleenatexasexchange commissionmanaged optionsoptions tradingtrading optionsoptions prosfinal against
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 4
- $800K $800,000 $100K–$1M
- $673K $672,833 $100K–$1M
- $673K $672,833 $100K–$1M
- $159K $158,835 $100K–$1M
Entities 3
- person leena jaitley
- agency Securities and Exchange Commission
- agency the sec’s motion for summary judgment against leena jaitley
Triples 9
- Securities And Exchange Commission charged Leena Jaitley with operating two fraudulent websites, Managed Options Trading and Options by Pros, and offering to trade options on behalf of investors
- Leena Jaitley falsely claimed that the websites employed experienced traders in New York who used a proprietary trading methodology with a history of success
- Leena Jaitley acted alone from Austin, Texas or with the assistance of her father
- Leena Jaitley's misrepresentations led to at least fifteen individuals losing more than $800,000 in principal
- Court granted the SEC’s motion for summary judgment against Leena Jaitley
- Court entered a final judgment permanently enjoining Leena Jaitley from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and (2) of the Investment Advisers Act of 1940
- Court ordered Leena Jaitley to disgorge $672,833 in ill-gotten gains plus $158,835 in prejudgment interest and pay a civil penalty of $672,833
- Securities And Exchange Commission led litigation by Charlie Divine and Zachary a. Avallone with the assistance of Donato Furlano and Peter Rosario and supervised by James Connor and Christopher Bruckmann
- Securities And Exchange Commission conducted investigation by Christian Ascunce and Greg Hillson
PDF (from attached: complaint)
Text layers
Extracted body text (1,996c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26212 / January 7, 2025 Securities and Exchange Commission v. Leena Jaitley, doing business as Managed Options Trading and Options by Pros, No. 1:21-cv-00832 (W.D. Tex. filed Sept. 20, 2021) SEC Obtains Final Judgment Against Former Austin, Texas Resident Who Defrauded Investors With Two Websites On December 12, 2024, the U.S. District Court for the Western District of Texas entered a final judgment against Leena Jaitley, formerly of Austin, Texas. The SEC’s complaint, filed on September 20, 2021, charged Jaitley with operating two fraudulent websites, Managed Options Trading and Options by Pros, and offering to trade options on behalf of investors. To recruit clients, Jaitley falsely claimed that the websites employed experienced traders in New York who used a proprietary trading methodology with a history of success. In reality, Jaitley acted alone from Austin, Texas or with the assistance of her father. The SEC’s complaint alleged that Jaitley’s misrepresentations led to at least fifteen individuals losing more than $800,000 in principal. On January 3, 2024, the court granted the SEC’s motion for summary judgment against Jaitley finding that she violated multiple antifraud provisions of the securities laws. On December 12, 2024, the court entered a final judgment permanently enjoining Jaitley from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and (2) of the Investment Advisers Act of 1940. The court also ordered Jaitley to disgorge $672,833 in ill-gotten gains plus $158,835 in prejudgment interest and pay a civil penalty of $672,833. The SEC’s litigation was led by Charlie Divine and Zachary A. Avallone with the assistance of Donato Furlano and Peter Rosario and supervised by James Connor and Christopher Bruckmann. The SEC’s investigation was conducted by Christian Ascunce and Greg Hillson.
OCR text (1,996c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26212 / January 7, 2025 Securities and Exchange Commission v. Leena Jaitley, doing business as Managed Options Trading and Options by Pros, No. 1:21-cv-00832 (W.D. Tex. filed Sept. 20, 2021) SEC Obtains Final Judgment Against Former Austin, Texas Resident Who Defrauded Investors With Two Websites On December 12, 2024, the U.S. District Court for the Western District of Texas entered a final judgment against Leena Jaitley, formerly of Austin, Texas. The SEC’s complaint, filed on September 20, 2021, charged Jaitley with operating two fraudulent websites, Managed Options Trading and Options by Pros, and offering to trade options on behalf of investors. To recruit clients, Jaitley falsely claimed that the websites employed experienced traders in New York who used a proprietary trading methodology with a history of success. In reality, Jaitley acted alone from Austin, Texas or with the assistance of her father. The SEC’s complaint alleged that Jaitley’s misrepresentations led to at least fifteen individuals losing more than $800,000 in principal. On January 3, 2024, the court granted the SEC’s motion for summary judgment against Jaitley finding that she violated multiple antifraud provisions of the securities laws. On December 12, 2024, the court entered a final judgment permanently enjoining Jaitley from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and (2) of the Investment Advisers Act of 1940. The court also ordered Jaitley to disgorge $672,833 in ill-gotten gains plus $158,835 in prejudgment interest and pay a civil penalty of $672,833. The SEC’s litigation was led by Charlie Divine and Zachary A. Avallone with the assistance of Donato Furlano and Peter Rosario and supervised by James Connor and Christopher Bruckmann. The SEC’s investigation was conducted by Christian Ascunce and Greg Hillson.