SEC v. Leena Jaitley

Leena Jaitley allegedly operated two fraudulent websites, Managed Options Trading and Options by Pros, and offered to trade options on behalf of investors. According to the SEC, 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.

Summary generated from official Securities and Exchange Commission press release