Market Manipulation. Search

Market manipulation case library

This library records 3,272 market manipulation enforcement actions brought by financial regulators, each with the agency, the date, the alleged technique, the monetary relief ordered and a link to the regulator's own filing. The whole dataset is downloadable as JSON.

Actions
3,272
Total penalties
$16.7bn
Median penalty
$250k
Agencies
7
Techniques
49

Browse by facet

Every facet below is a real page with its own URL, so it works without JavaScript and can be linked, bookmarked and cited.

By technique

Insider trading 851 Ponzi schemes 474 Price manipulation 311 Misleading issuer disclosure 214 Matched orders 165 Unregistered distributions 157 Pump and dump 139 Spoofing 108 Wash trading 106 Undisclosed control blocks 93 Rule 105 offering shorts 85 Paid stock promotion 68 Boiler rooms 68 Front running 61 The naked short selling debate 35 Benchmark submission rigging 34 Marking the close 27 Social media ramps 26 Reverse merger schemes 25 Layering 24 Fake press releases 21 Free riding and parking 18 Mismarking 16 False rumours 15 Sham tender offers 15 Churning 14 Hack to trade 14 Newsletter scalping 13 EDGAR filing fraud 10 Shell factories 9 FX fixing 9 Paid crypto market making 8 Rigged binary options execution 8 Chat group pumps 7 Analyst manipulation 6 Settlement price manipulation 5 Hijacked-account ramping 4 Cornering 3 Short and distort 3 Cash versus derivatives schemes 3 Banging the close 3 Painting the tape 2 Engineered short squeeze 2 Exchange wash trading 2 Rug pulls 1 Insider listing trading 1 Oracle manipulation 1 Float locking 1 Momentum ignition 1

By agency

AMF-FR 209 ASIC 113 CFTC 334 FCA 48 OSC 68 SEBI 656 SEC 1844

By year filed

2026 137 2025 199 2024 266 2023 363 2022 492 2021 161 2020 192 2019 202 2018 245 2017 227 2016 202 2015 223 2014 145 2013 111 2012 8 2011 16 2010 14 2009 14 2008 17 2007 15 2006 9 2005 9 2004 5

Ranked lists: largest penalties · largest spoofing penalties · longest sentences · most-charged individuals · biggest crypto cases · most active courts

All actions, newest first

Action Agency Filed Technique Penalty Status
SEBI v. Lloyds Enterprises Limited and others (advances and financial statements, settlement, 2026) SEBI (India) 2026-09-29 Misleading Issuer Disclosure — settled
SEBI v. Nutrikosh India Private Limited and Alok Chaudhary (Growpital Platform, settlement, 2026) SEBI (India) 2026-09-28 — settled
SEBI v. Madhukar Dubey and Magnum Industrial Corporation (Channel Nine Entertainment IPO funding, 2026) SEBI (India) 2026-09-28 — judgment
SEBI v. Omaxe Limited and others (minimum public shareholding via company funds, 2026) SEBI (India) 2026-09-24 Misleading Issuer Disclosure — judgment
SEBI v. Shreedhar Yellaiah Kodam (synchronized trades, Well Pack Papers, 2026) SEBI (India) 2026-09-22 Matched Orders , Price Manipulation — dismissed
SEC v. Mark D. Hanf and Hoai-Nam Chu Phan (ponzi schemes, 2026) SEC 2026-09-04 Ponzi Schemes — settled
SEC v. Trijya Vakil and Neeraj Visen (insider trading, 2026) SEC 2026-09-04 Insider Trading $109k settled
SEC v. Corey Ortiz (free riding and parking, 2026) SEC 2026-09-03 Free Riding And Parking , Matched Orders — judgment
SEC v. David T. Gilchrist, Christopher Aaron Novinger and Rebecca Novinger (2026) SEC 2026-09-01 — filed
SEC v. Mordechai Haim Ferder, Simba IL Holdings LLC and others (2026) SEC 2026-09-01 — filed
SEBI v. Tarapur Transformers Limited and others (diverted funds and inflated receivables, 2026) SEBI (India) 2026-08-31 Misleading Issuer Disclosure — judgment
CFTC v. Gabriel Perez (insider trading, 2026) CFTC 2026-08-28 Insider Trading $65k judgment
SEBI v. Trafiksol ITS Technologies Limited and others (misleading IPO prospectus, 2026) SEBI (India) 2026-08-28 Misleading Issuer Disclosure — judgment
SEBI v. Debock Industries Limited and others (fictitious issues, inflated sales and diverted rights-issue funds, 2026) SEBI (India) 2026-08-28 Misleading Issuer Disclosure , Price Manipulation — judgment
SEC v. Mayur Baviskar (free riding and parking, 2026) SEC 2026-08-26 Free Riding And Parking $50k settled
SEBI v. Varanium Cloud Limited and others (false accounts, diverted IPO funds and share sales, 2026) SEBI (India) 2026-08-25 Misleading Issuer Disclosure , Price Manipulation — judgment
SEBI v. Max Financial Services Limited and others (alleged share-buyback scheme with Axis group, dismissed, 2026) SEBI (India) 2026-08-24 Misleading Issuer Disclosure — dismissed
SEC v. Brian Keasberry (paid stock promotion, 2026) SEC 2026-08-21 Paid Stock Promotion $37.5k judgment
SEC v. Gavin Wolfe and others (insider trading, 2026) SEC 2026-08-21 Insider Trading — filed
SEC v. Jesse R. Mitchell (insider trading, 2026) SEC 2026-08-21 Insider Trading — filed
SEBI v. Modex International Securities Limited and others (client funds and securities, 2026) SEBI (India) 2026-08-21 — judgment
SEBI v. Bhavik Indravadan Shah and others (front running a broker client, 2026) SEBI (India) 2026-08-19 Front Running — judgment
SEC v. Andrew Spaventa and others (boiler rooms, 2026) SEC 2026-08-17 Boiler Rooms — filed
SEBI v. Arun Kumar Somani and others (insider trading review, Indian Oil Corporation, 2026) SEBI (India) 2026-08-13 Insider Trading — dismissed
SEC v. Leor Moshe, Jacob Goldman, Isaac Odes (ponzi schemes, 2026) SEC 2026-08-13 Ponzi Schemes — filed
CFTC v. Goliath Ventures, Inc. and Christopher Delgado (ponzi schemes, 2026) CFTC 2026-08-11 Ponzi Schemes — filed
SEC v. Benjamin Tesfaye (insider trading, 2026) SEC 2026-08-11 Insider Trading $18.7k settled
SEC v. Goliath Ventures, Inc. and Christopher A. Delgado (ponzi schemes, 2026) SEC 2026-08-11 Ponzi Schemes — filed
SEC v. Frank M. Cerisano Jr. (spoofing, 2026) SEC 2026-08-10 Spoofing $335k settled
SEBI v. Abhay Dwivedi and others (YouTube promotion, Decillion Finance, 2026) SEBI (India) 2026-08-03 Social Media Ramps , Price Manipulation — judgment
SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (paid crypto market making, 2026) SEC 2026-08-03 Paid Crypto Market Making , Wash Trading — settled
CFTC v. George Santos (price manipulation, 2026) CFTC 2026-07-31 Price Manipulation $17.5k settled
SEBI v. Zee Entertainment Enterprises Ltd. and others (unauthorised pledge of company property, 2026) SEBI (India) 2026-07-31 Misleading Issuer Disclosure — judgment
SEBI v. Suresh Venkatachari and others (insider trading, SecureKloud Technologies, 2026) SEBI (India) 2026-07-31 Insider Trading — judgment
SEBI v. Anupam Narain Gupta and others (paid Telegram tips, Moksh Ornaments, 2026) SEBI (India) 2026-07-30 Social Media Ramps , Paid Stock Promotion — judgment
SEBI v. Kalahridhaan Trendz Limited and others (false corporate announcements, 2026) SEBI (India) 2026-07-30 Misleading Issuer Disclosure , Fake Press Releases — judgment
SEBI v. Amesh Surajlal Jaiswal and others (Telegram tips, Akash Infra-Projects, 2026) SEBI (India) 2026-07-28 Social Media Ramps , Price Manipulation — judgment
SEBI v. Hexa Tradex Limited and others (alleged misleading financials, dismissed, 2026) SEBI (India) 2026-07-24 Misleading Issuer Disclosure — dismissed
SEBI v. Madhav Stock Vision Pvt. Ltd. and others (front running a large institutional client, 2026) SEBI (India) 2026-07-24 Front Running — judgment
SEC v. Aras Investment Business Group S.A.P.I. de C.V. and others (ponzi schemes, 2026) SEC 2026-07-24 Ponzi Schemes $449k judgment
SEC v. Jamal (“Jimmy”) Chammout and others (insider trading, 2026) SEC 2026-07-17 Insider Trading $776k filed
SEC v. Michael J. Forster (pump and dump, 2026) SEC 2026-07-15 Pump And Dump — judgment
SEC v. Robert Yedid, Andrew Kaufman, and Mark Jacobs (insider trading, 2026) SEC 2026-07-10 Insider Trading — settled
SEC v. Weiguo Zhai (insider trading, 2026) SEC 2026-07-09 Insider Trading — settled
CFTC v. Trevor L. Vernon and Argent Capital Management LLC (ponzi schemes, 2026) CFTC 2026-07-07 Ponzi Schemes — filed
SEBI v. Raj Kumar Agarwal (insider trading, RHI Magnesita India, dismissed, 2026) SEBI (India) 2026-07-07 Insider Trading — dismissed
SEBI v. Bhavin Sureshbhai Thakkar (price manipulation, Evexia Lifecare, dismissed, 2026) SEBI (India) 2026-06-30 Price Manipulation — dismissed
SEBI v. Hanif Shekh and others (price and volume manipulation in five scrips, Mauria Udyog and others, 2026) SEBI (India) 2026-06-30 Matched Orders , Pump And Dump +1 — judgment
SEBI v. Omprakash Basantlal Goenka and others (Citrus Check Inns unregistered holiday scheme, 2026) SEBI (India) 2026-06-30 — judgment
SEC v. NanoBit Limited, et al. (2026) SEC 2026-06-29 $4.8m judgment
SEC v. Mingran Wang (spoofing, 2026) SEC 2026-06-25 Spoofing — settled
SEC v. Casey Muggleston (insider trading, 2026) SEC 2026-06-24 Insider Trading — filed
SEC v. Sanders Family Office and others (ponzi schemes, 2026) SEC 2026-06-24 Ponzi Schemes — judgment
SEC v. Justin Jennings and Vortex Strategies LLC (insider trading, 2026) SEC 2026-06-23 Insider Trading — filed
SEBI v. Prime Focus Limited and others (alleged misleading financial statements, dismissed, 2026) SEBI (India) 2026-06-16 Misleading Issuer Disclosure — dismissed
SEC v. Bruce Cameron Conway (insider trading, 2026) SEC 2026-06-16 Insider Trading $161k settled
SEC v. Gerard Ryan (insider trading, 2026) SEC 2026-06-15 Insider Trading — judgment
SEC v. Rakesh Ahuja (insider trading, 2026) SEC 2026-06-15 Insider Trading $65.4k settled
SEC v. Santos Kidd (ponzi schemes, 2026) SEC 2026-06-12 Ponzi Schemes $285k judgment
SEC v. JianQing Li (insider trading, 2026) SEC 2026-06-05 Insider Trading — filed
SEBI v. Veerkrupa Jewellers Limited and others (SME IPO publicity and trading, 2026) SEBI (India) 2026-05-29 Paid Stock Promotion , Social Media Ramps +1 — judgment
SEBI v. Suzlon Energy Limited and others (misstated financial statements, 2026) SEBI (India) 2026-05-29 Misleading Issuer Disclosure — judgment
SEC v. Nathan Fuller (ponzi schemes, 2026) SEC 2026-05-29 Ponzi Schemes — filed
CFTC v. Google Employee (insider trading, 2026) CFTC 2026-05-27 Insider Trading — filed
Fund manager Rodney Forrest re-sentenced to five years and three months’ jail following insider trading appeal (ASIC, 2026) ASIC 2026-05-22 Insider Trading — judgment
SEC v. Nipun Kumar Jami (insider trading, 2026) SEC 2026-05-22 Insider Trading $659k settled
AMF France v. M. Ytane Mamou and M. Elie Houri (insider trading, 2026) AMF (France) 2026-05-20 Insider Trading — judgment
SEC v. Oskar Elmgart and Raymond Leibman (insider trading, 2026) SEC 2026-05-18 Insider Trading $93.6k settled
SEBI v. Aakash Doshi and others (Telegram tips, Darshan Orna Limited, 2026) SEBI (India) 2026-05-15 Social Media Ramps , Price Manipulation — judgment
SEC v. Robert Newell and Black Hawk Funding, Inc. (2026) SEC 2026-05-14 $668k judgment
SEBI v. Dr. Rashmi Saluja (insider trading, Religare Enterprises, 2026) SEBI (India) 2026-05-13 Insider Trading — judgment
SEC v. Douglas P. Farr (insider trading, 2026) SEC 2026-05-07 Insider Trading $35.2k settled
SEC v. Nicolo Nourafchan and others (insider trading, 2026) SEC 2026-05-07 Insider Trading — filed
SEBI v. Agnes Developers Private Limited and others (alleged fund diversion at Indiabulls Real Estate, settlement, 2026) SEBI (India) 2026-05-07 — settled
CFTC v. Sidney Lebental (spoofing, 2026) CFTC 2026-05-06 Spoofing $200k judgment
SEBI v. Prijesh Kurani and others (front running a broker's client orders, 2026) SEBI (India) 2026-04-30 Front Running — judgment
SEC v. Christopher Flagg, Daquan Lloyd and Travis Treusch (free riding and parking, 2026) SEC 2026-04-30 Free Riding And Parking , Matched Orders — judgment
SEC v. Jai Sondhi (insider trading, 2026) SEC 2026-04-29 Insider Trading $55k settled
SEBI v. Ashok Maheshwari and others (front running a portfolio manager's trades, 2026) SEBI (India) 2026-04-27 Front Running — judgment
SEC v. Terrence Chalk (ponzi schemes, 2026) SEC 2026-04-27 Ponzi Schemes — judgment
CFTC v. U.S. Service Member (insider trading, 2026) CFTC 2026-04-23 Insider Trading — filed
SEBI v. Ranjan Sahay and others (price manipulation, Veer Global Infraconstruction, 2026) SEBI (India) 2026-04-22 Price Manipulation — judgment
SEC v. Voyager Pacific Capital Management, LLC, Roger David Hardcastle and others (ponzi schemes, 2026) SEC 2026-04-21 Ponzi Schemes — filed
SEC v. Weizheng Zeng (insider trading, 2026) SEC 2026-04-20 Insider Trading $69k settled
ASIC v. Alexander McCulloch (insider trading, 2026) ASIC 2026-04-17 Insider Trading — judgment
SEC v. Sudheesh Nambiar (ponzi schemes, 2026) SEC 2026-04-17 Ponzi Schemes — filed
SEBI v. Lypsa Gems & Jewellery Limited and others (misstated financial statements, 2026) SEBI (India) 2026-04-16 Misleading Issuer Disclosure — judgment
Former Big Un CEO pleads guilty in insider trading case (ASIC, 2026) ASIC 2026-04-09 Insider Trading — judgment
SEC v. Geoffrey Allen Wall (pump and dump, 2026) SEC 2026-04-09 Pump And Dump — judgment
SEC v. Caroline J. Campbell (insider trading, 2026) SEC 2026-04-06 Insider Trading $157k settled
SEC v. Michael Smith and Douglas Joshua Dalton (insider trading, 2026) SEC 2026-04-01 Insider Trading — filed
SEC v. Brent David Willis (2026) SEC 2026-03-31 $175k judgment
SEC v. Brent Cranmer and Daniel McCormick (insider trading, 2026) SEC 2026-03-30 Insider Trading $50k judgment
SEC v. Ronald Smith (insider trading, 2026) SEC 2026-03-30 Insider Trading — filed
SEC v. Titanium Capital LLC and Henry Abdo (ponzi schemes, 2026) SEC 2026-03-30 Ponzi Schemes — judgment
SEBI v. Vishvanath Goswami and others (front running a foreign fund's trades, Chaturvedi group, 2026) SEBI (India) 2026-03-27 Front Running — judgment
SEC v. Benjamin Taylor and Darina Windsor (insider trading, 2026) SEC 2026-03-27 Insider Trading $50k judgment
SEBI v. Sunny Bhatia and others (front running Sarvottam Securities trades, 2026) SEBI (India) 2026-03-24 Front Running — judgment
SEC v. Kevan Sadigh (insider trading, 2026) SEC 2026-03-23 Insider Trading — judgment
SEBI v. Sanjay Arunkumar Choksi and others (Telegram tips, Retro Green Revolution, 2026) SEBI (India) 2026-03-17 Social Media Ramps , Price Manipulation — judgment