Market Manipulation. Search

Market manipulation case library

This library records 2,428 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
2,428
Total penalties
$14.3bn
Median penalty
$200k
Agencies
5
Techniques
47

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 725 Ponzi schemes 602 Unregistered distributions 158 Paid stock promotion 129 Price manipulation 125 Pump and dump 125 Spoofing 118 Wash trading 107 Rule 105 offering shorts 84 Boiler rooms 78 Undisclosed control blocks 59 Reverse merger schemes 59 The naked short selling debate 55 Benchmark submission rigging 49 Matched orders 36 Churning 25 Layering 21 Free riding and parking 18 Marking the close 15 Fake press releases 15 Mismarking 15 Front running 14 Newsletter scalping 14 Cash versus derivatives schemes 13 Hack to trade 13 Sham tender offers 13 Chat group pumps 11 FX fixing 11 Social media ramps 10 EDGAR filing fraud 10 Paid crypto market making 8 Custodianship shell hijacking 6 False rumours 5 Shell factories 5 Hijacked-account ramping 4 Settlement price manipulation 4 Banging the close 3 Short and distort 3 Marking the open 2 Engineered short squeeze 2 Rug pulls 1 Insider listing trading 1 Oracle manipulation 1 Exchange wash trading 1 Float locking 1 Dilution death spirals 1 Options expiry pinning 1

By agency

ASIC 112 CFTC 344 FCA 47 OSC 69 SEC 1856

By year filed

2026 89 2025 114 2024 189 2023 208 2022 176 2021 154 2020 186 2019 192 2018 239 2017 218 2016 198 2015 217 2014 136 2013 102 2012 1 2011 4 2009 1 2007 1 2005 1 2004 2

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
SEC v. Jonathan P. Maroney, Et. Al (ponzi schemes, 2021) SEC 2021-04-27 Ponzi Schemes — unknown
SEC v. Gregory Altieri (ponzi schemes, 2021) SEC 2021-04-23 Ponzi Schemes — judgment
SEC v. Ubong Uboh and Tyler Crockett (pump and dump, 2021) SEC 2021-04-22 Pump And Dump — filed
SEC v. Edward J. Kosinski (insider trading, 2021) SEC 2021-04-21 Insider Trading — judgment
CFTC v. unnamed respondents (ponzi schemes, 2021) CFTC 2021-04-08 Ponzi Schemes $32m judgment
CFTC v. Douglas Lien (ponzi schemes, 2021) CFTC 2021-04-08 Ponzi Schemes $5.2m judgment
SEC v. Zachary J. Horwitz, et al. (ponzi schemes, 2021) SEC 2021-04-08 Ponzi Schemes — unknown
CFTC v. Former Fuel Oil Trader (price manipulation, 2021) CFTC 2021-03-25 Price Manipulation $100k judgment
SEC v. Jason P. Wootten, et al. (ponzi schemes, 2021) SEC 2021-03-23 Ponzi Schemes — filed
CFTC v. Coinbase Inc. (exchange wash trading, 2021) CFTC 2021-03-19 Exchange Wash Trading , Matched Orders +1 $6.5m judgment
SEC v. Seth P. Levine (ponzi schemes, 2021) SEC 2021-03-19 Ponzi Schemes — settled
ASIC v. Benjamin Heath Cooper (price manipulation, 2021) ASIC 2021-03-17 Price Manipulation — filed
SEC v. Shawn C. Cutting (ponzi schemes, 2021) SEC 2021-03-11 Ponzi Schemes — unknown
CFTC v. Two Individuals (pump and dump, 2021) CFTC 2021-03-05 Pump And Dump — filed
SEC v. AT&T, Inc., et al. (insider trading, 2021) SEC 2021-03-05 Insider Trading — filed
FCA v. Adrian Geoffrey Horn (wash trading, 2021) FCA 2021-03-03 Wash Trading — unknown
SEC v. EarthSource Minerals International, LLC et al. (ponzi schemes, 2021) SEC 2021-03-02 Ponzi Schemes $125k settled
SEC v. Bruce Schoengood, Medifirst Solutions, Inc. and Joshua Tyrell (paid stock promotion, 2021) SEC 2021-02-24 Paid Stock Promotion — filed
CFTC v. Eibschutz (insider trading, 2021) CFTC 2021-02-23 Insider Trading $75k settled
SEC v. James T. Booth (ponzi schemes, 2021) SEC 2021-02-22 Ponzi Schemes — judgment
Corporate finance director sentenced for conspiring to manipulate market (ASIC, 2021) ASIC 2021-02-10 Price Manipulation — unknown
SEC v. Isaiah L. Goodman (ponzi schemes, 2021) SEC 2021-02-09 Ponzi Schemes — filed
SEC v. CR Intrinsic Investors, et al. (insider trading, 2021) SEC 2021-02-03 Insider Trading — judgment
SEC v. Vuuzle Media Corp., Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2021) SEC 2021-01-27 Boiler Rooms — filed
CFTC v. New York Man (ponzi schemes, 2021) CFTC 2021-01-26 Ponzi Schemes — filed
SEC v. William Andrew Stack, Esq. (undisclosed control blocks, 2021) SEC 2021-01-21 Undisclosed Control Blocks , Unregistered Distributions — filed
SEC v. Abhi Batra a/k/a Abhimanyu Batra (free riding and parking, 2021) SEC 2021-01-19 Free Riding And Parking — unknown
SEC v. Jacob C. Glick (ponzi schemes, 2021) SEC 2021-01-19 Ponzi Schemes — filed
SEC v. Advance Practice Advisors, LLC and Paul C. Spitzer (insider trading, 2021) SEC 2021-01-14 Insider Trading $20k settled
OSC v. Marilyn Dianne Stuart (ponzi schemes, 2021) OSC 2021-01-13 Ponzi Schemes — filed
SEC v. DeAndre P. Sears et al. (ponzi schemes, 2020) SEC 2020-12-31 Ponzi Schemes — settled
SEC v. Anthony Thompson, Jr., et al. (paid stock promotion, 2020) SEC 2020-12-30 Paid Stock Promotion , Pump And Dump — judgment
SEC v. Gregory Altieri (ponzi schemes, 2020) SEC 2020-12-30 Ponzi Schemes — filed
SEC v. Jason Peltz (insider trading, 2020) SEC 2020-12-29 Insider Trading — filed
CFTC v. Mark N. Pyatt (ponzi schemes, 2020) CFTC 2020-12-22 Ponzi Schemes $255k judgment
SEC v. Cormark Securities Inc. (naked short selling debate, 2020) SEC 2020-12-21 Naked Short Selling Debate $800k settled
SEC v. ITG Canada Corp. and Virtu ITG Canada Corp. (naked short selling debate, 2020) SEC 2020-12-21 Naked Short Selling Debate $200k settled
SEC v. Barton S. Ross (false rumors, 2020) SEC 2020-12-18 False Rumors — settled
FCA v. Corrado Abbattista (layering, 2020) FCA 2020-12-15 Layering , Price Manipulation +1 — unknown
SEC v. Roland M. Mathys (insider trading, 2020) SEC 2020-12-15 Insider Trading $9.9m unknown
SEC v. Christopher Clark and William Wright (insider trading, 2020) SEC 2020-12-11 Insider Trading — filed
SEC v. J. Jeremy Barbera, Carl Smith, and Nanobeak Biotech Inc. (paid stock promotion, 2020) SEC 2020-12-09 Paid Stock Promotion — judgment
CFTC v. Vitol Inc. (price manipulation, 2020) CFTC 2020-12-03 Price Manipulation $95.7m judgment
CFTC v. unnamed respondents (spoofing, 2020) CFTC 2020-12-01 Spoofing — unknown
SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2020) SEC 2020-12-01 Boiler Rooms — filed
SEC v. Garrett M. O'Rourke and Michael J. Black (pump and dump, 2020) SEC 2020-11-30 Pump And Dump — judgment
SEC v. Rumbaugh et al (ponzi schemes, 2020) SEC 2020-11-24 Ponzi Schemes — judgment
OSC v. Trevor Rosborough and others (insider trading, 2020) OSC 2020-11-17 Insider Trading — dismissed
SEC v. American Portfolios Financial Services, Inc. and American Portfolios Advisors, Inc. (churning, 2020) SEC 2020-11-13 Churning $650k settled
SEC v. Douglas A. Roth (insider trading, 2020) SEC 2020-11-09 Insider Trading — filed
SEC v. Ieremenko et al.: settlements with Cho, Olefir and Capyield (hack to trade, 2020) SEC 2020-11-05 Hack To Trade , Insider Trading $425k settled
SEC v. Michael J. Pires (insider trading, 2020) SEC 2020-11-05 Insider Trading $18.6k settled
CFTC v. unnamed respondents (ponzi schemes, 2020) CFTC 2020-11-04 Ponzi Schemes $450k judgment
FCA v. Frank Cochran Individual (insider trading, 2020) FCA 2020-11-03 Insider Trading — unknown
FCA v. Mark Horsey Individual (insider trading, 2020) FCA 2020-11-03 Insider Trading — unknown
SEC v. Terrence Chalk, et al. (ponzi schemes, 2020) SEC 2020-11-03 Ponzi Schemes — filed
Sigma general manager charged with insider trading (ASIC, 2020) ASIC 2020-10-30 Insider Trading — filed
SEC v. Alex Forester, Michael Hicks, Yarden Krampf, Christopher Lee, Sean O'Neal, Michael Raynor, and Lee Sobel (boiler rooms, 2020) SEC 2020-10-27 Boiler Rooms — filed
SEC v. Paul Horton Smith, Sr. and others (ponzi schemes, 2020) SEC 2020-10-22 Ponzi Schemes — judgment
OSC v. Vernon Ray Fauth (ponzi schemes, 2020) OSC 2020-10-20 Ponzi Schemes — judgment
SEC v. Jillian Sidoti (undisclosed control blocks, 2020) SEC 2020-10-19 Undisclosed Control Blocks — filed
SEC v. Rudden, et al. (ponzi schemes, 2020) SEC 2020-10-16 Ponzi Schemes — judgment
SEC v. Andeavor LLC (insider trading, 2020) SEC 2020-10-15 Insider Trading $20m settled
CFTC v. unnamed respondents (wash trading, 2020) CFTC 2020-10-13 Wash Trading $5.7m judgment
SEC v. Alexander Rowland (ponzi schemes, 2020) SEC 2020-10-13 Ponzi Schemes — filed
CFTC v. unnamed respondents (spoofing, 2020) CFTC 2020-10-06 Spoofing — unknown
SEC v. McAfee et al. (paid stock promotion, 2020) SEC 2020-10-06 Paid Stock Promotion — filed
CFTC v. Chicago Prop Firm and 3 Traders (spoofing, 2020) CFTC 2020-09-30 Spoofing $100k judgment
CFTC v. Sunoco (spoofing, 2020) CFTC 2020-09-30 Spoofing $450k judgment
CFTC v. Texas Man (wash trading, 2020) CFTC 2020-09-30 Wash Trading $670k judgment
SEC v. Drew Morgan Ciccarelli (pump and dump, 2020) SEC 2020-09-30 Pump And Dump — filed
SEC v. Joel Stohlman, et al. (matched orders, 2020) SEC 2020-09-30 Matched Orders , Paid Stock Promotion — filed
SEC v. Michael Staisil (ponzi schemes, 2020) SEC 2020-09-30 Ponzi Schemes — filed
SEC v. Morgan Stanley & Co. LLC (naked short selling debate, 2020) SEC 2020-09-30 Naked Short Selling Debate $5m settled
SEC v. Thomas J. Gity, et al. (ponzi schemes, 2020) SEC 2020-09-30 Ponzi Schemes — filed
SEC v. Todd W. Mixon (ponzi schemes, 2020) SEC 2020-09-30 Ponzi Schemes — filed
CFTC v. JPMorgan (price manipulation, 2020) CFTC 2020-09-29 Price Manipulation , Spoofing — judgment
CFTC v. New Jersey Firm (wash trading, 2020) CFTC 2020-09-29 Wash Trading $300k judgment
CFTC v. Slovakian Men and Their Company (spoofing, 2020) CFTC 2020-09-29 Spoofing — filed
SEC v. J.P. Morgan Securities LLC (cash vs derivatives schemes, 2020) SEC 2020-09-29 Cash Vs Derivatives Schemes , Layering +1 $25m filed
SEC v. Lewis I. Wallach (ponzi schemes, 2020) SEC 2020-09-29 Ponzi Schemes — settled
ASIC v. Don Evans (insider trading, 2020) ASIC 2020-09-28 Insider Trading , Price Manipulation — filed
CFTC v. New York Firm and its Trader (spoofing, 2020) CFTC 2020-09-28 Spoofing $135k judgment
SEC v. Laksha Bohra, Viky Bohra, and Gotham Bohra (insider trading, 2020) SEC 2020-09-28 Insider Trading — judgment
SEC v. Christopher D. Bachinski (insider trading, 2020) SEC 2020-09-25 Insider Trading $23.1k settled
SEC v. Eric M. Hill (insider trading, 2020) SEC 2020-09-25 Insider Trading — filed
SEC v. Rachelle A. Thatcher (insider trading, 2020) SEC 2020-09-25 Insider Trading $11.6k settled
SEC v. Craig A. Zabala (ponzi schemes, 2020) SEC 2020-09-24 Ponzi Schemes — filed
SEC v. Edward T. Kelly (insider trading, 2020) SEC 2020-09-23 Insider Trading — judgment
SEC v. PowerTradersPress.com, Inc., et al. (boiler rooms, 2020) SEC 2020-09-21 Boiler Rooms — judgment
SEC v. Robert Hoddes Jacobs (insider trading, 2020) SEC 2020-09-21 Insider Trading $157k judgment
SEC v. Palmer Square Capital Management LLC (matched orders, 2020) SEC 2020-09-21 Matched Orders $450k settled
SEC v. Scott Allen Fries (ponzi schemes, 2020) SEC 2020-09-17 Ponzi Schemes — filed
SEC v. Steven J. Sheinfeld (insider trading, 2020) SEC 2020-09-17 Insider Trading — filed
CFTC v. 4 Florida Men (ponzi schemes, 2020) CFTC 2020-09-16 Ponzi Schemes — filed
SEC v. Henry Sargent et al. (undisclosed control blocks, 2020) SEC 2020-09-16 Undisclosed Control Blocks — judgment
CFTC v. Edge Financial Technologies (spoofing, 2020) CFTC 2020-09-15 Spoofing $48.4k judgment
Insider trader sentenced to three years imprisonment for trading in Big Un Ltd shares (ASIC, 2020) ASIC 2020-09-11 Insider Trading — unknown
CFTC v. Walsh (ponzi schemes, 2020) CFTC 2020-09-11 Ponzi Schemes — judgment
SEC v. Craig P. Moyes (insider trading, 2020) SEC 2020-09-10 Insider Trading $116k settled