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
SEC v. BKCoin Management, LLC and Kevin Kang (ponzi schemes, 2023) SEC 2023-03-06 Ponzi Schemes — settled
SEBI v. North End Foods Marketing Pvt Ltd and Sandeep Sabharwal (Mentha oil futures, settlement, 2023) SEBI (India) 2023-03-06 Cornering — settled
SEC v. Adam S. Kaplan and Daniel E. Kaplan (2023) SEC 2023-03-03 — filed
SEC v. Cambria Capital, LLC (2023) SEC 2023-03-02 $100k settled
SEC v. Stephen Keith Woodard, Sr. (ponzi schemes, 2023) SEC 2023-03-01 Ponzi Schemes $5.9m settled
SEBI v. Lashit Sanghvi and Neha Sanghvi (insider trading, Aptech Limited, 2023) SEBI (India) 2023-02-28 Insider Trading — judgment
SEBI v. Shreenath Finstock Private Limited and others (one-share buy orders, Nutraplus India, 2023) SEBI (India) 2023-02-28 Price Manipulation — judgment
SEBI v. Bimla Devi Jindal and others (misstated results, Vikas Proppant and Granite, 2023) SEBI (India) 2023-02-28 Misleading Issuer Disclosure — judgment
SEBI v. Brij Bhushan and others (synchronised trades and bulk-SMS exit, Srestha Finvest, 2023) SEBI (India) 2023-02-28 Matched Orders , Price Manipulation — judgment
SEBI v. Anugrah Stock & Broking Private Limited and others (assured-return derivative advisory scheme, 2023) SEBI (India) 2023-02-28 — judgment
SEBI v. Texmo Pipes and Products Ltd, Arun Panchariya and others (GDR issue, 2023) SEBI (India) 2023-02-28 Misleading Issuer Disclosure — judgment
SEBI v. Arnav Corporation Ltd and others (funding of preferential allottees, 2023) SEBI (India) 2023-02-28 Misleading Issuer Disclosure — judgment
SEC v. Shawn E. Good (ponzi schemes, 2023) SEC 2023-02-27 Ponzi Schemes — settled
SEBI v. Aadhaar Ventures India Ltd and others (2013 preferential allotment, 2023) SEBI (India) 2023-02-27 Misleading Issuer Disclosure — judgment
SEBI v. BFL Asset Finvest Ltd and others (self-funded preferential allotment, 2023) SEBI (India) 2023-02-27 Misleading Issuer Disclosure — judgment
SEC v. Energy & Environmental Investments, LLC and others (ponzi schemes, 2023) SEC 2023-02-24 Ponzi Schemes $1m settled
CFTC v. Marcus Todd Brisco, Tin Quoc Tran and others (ponzi schemes, 2023) CFTC 2023-02-23 Ponzi Schemes $350k settled
SEC v. James Andrew Stiles, Jr. & Edward Gray Stiles, Jr. (insider trading, 2023) SEC 2023-02-23 Insider Trading $45.5k settled
SEC v. Kevin A. Van de Grift and Gil Friedman (insider trading, 2023) SEC 2023-02-23 Insider Trading $596k settled
ASIC brings criminal charges against third individual in relation to Courtenay House (2023) ASIC 2023-02-22 Ponzi Schemes — judgment
SEBI v. Pankaj Kumar and others (misstated accounts, Geodesic Ltd, 2023) SEBI (India) 2023-02-22 Misleading Issuer Disclosure — judgment
SEBI v. Utkarsh Jain and others (artificial volume and circular trades, North Eastern Carrying Corporation, 2023) SEBI (India) 2023-02-21 Wash Trading , Matched Orders — judgment
SEC v. Candlestick Capital Management LP (rule 105 offering shorts, 2023) SEC 2023-02-21 Rule 105 Offering Shorts — settled
SEC v. HITE Hedge Asset Management LLC (rule 105 offering shorts, 2023) SEC 2023-02-21 Rule 105 Offering Shorts — settled
SEBI v. Chirag Parmar (circular trades allegation, A.F. Enterprises, 2023) SEBI (India) 2023-02-20 Wash Trading , Matched Orders — dismissed
OSC v. Aaron Wolfe (insider trading, 2023) OSC 2023-02-17 Insider Trading — settled
SEC v. Candlestick Capital Management LP et al. (rule 105 offering shorts, 2023) SEC 2023-02-17 Rule 105 Offering Shorts $810k settled
SEC v. HITE Hedge Asset Management LLC et al. (rule 105 offering shorts, 2023) SEC 2023-02-17 Rule 105 Offering Shorts $104k settled
SEC v. Paul Anthony Pierce (paid stock promotion, 2023) SEC 2023-02-17 Paid Stock Promotion $1.2m settled
SEBI v. Aftek Ltd and others (GDR issue, 2023) SEBI (India) 2023-02-17 Misleading Issuer Disclosure — judgment
CFTC v. Vista Network Technologies and Armen Temurian (ponzi schemes, 2023) CFTC 2023-02-16 Ponzi Schemes — filed
SEC v. Milan Patel (false rumors, 2023) SEC 2023-02-16 False Rumors — judgment
Former CEO of Big Un Limited charged with insider trading (ASIC, 2023) ASIC 2023-02-14 Insider Trading — judgment
CFTC v. Ramon Salvador Delgado-Gomez, FX Latino and others (ponzi schemes, 2023) CFTC 2023-02-13 Ponzi Schemes — filed
SEBI v. Kuber Dealcom Pvt. Ltd (price manipulation allegation, A.F. Enterprises, 2023) SEBI (India) 2023-02-10 Price Manipulation — dismissed
SEBI v. Ketan Bhupendra Parekh and another (front running a portfolio manager, Quest Investment Advisors, 2023) SEBI (India) 2023-02-10 Front Running — judgment
SEBI v. Prashant Ashok Gamre and others (price manipulation by small buy orders, Zylog Systems, 2023) SEBI (India) 2023-02-08 Price Manipulation — judgment
SEC v. Olga Kuprina (insider trading, 2023) SEC 2023-02-08 Insider Trading , Hack To Trade — settled
ASIC v. Don George Evans (price manipulation, 2023) ASIC 2023-02-07 Price Manipulation — judgment
SEBI v. Nishant Jain and others (synchronised and circular trades, BFL Asset Finvest, 2023) SEBI (India) 2023-01-31 Matched Orders , Wash Trading +1 — judgment
SEBI v. Balram Agarwal and others (price manipulation allegation, A.F. Enterprises, 2023) SEBI (India) 2023-01-31 Price Manipulation — dismissed
SEBI v. Asthvinayak Trexim Pvt. Ltd and others (circular trades and bulk-SMS promotion, V B Industries, 2023) SEBI (India) 2023-01-31 Wash Trading , Matched Orders +1 — judgment
SEBI v. P.V.R. Murthy (Birla Cotsyn GDR issue, 2023) SEBI (India) 2023-01-31 Misleading Issuer Disclosure — judgment
SEBI v. Natraj Capital & Credit Pvt Ltd and others (off-market transfers in Delta Leasing, 2023) SEBI (India) 2023-01-31 — judgment
SEBI v. P.V.R. Murthy (Zenith Steel Pipes GDR issue, 2023) SEBI (India) 2023-01-31 Misleading Issuer Disclosure — judgment
AMF France v. THD, M. Thierry Decré, Option 7 and others (insider trading, 2023) AMF (France) 2023-01-30 Insider Trading — judgment
SEBI v. Harshal Vira and others (front running of a fund client, Reliance Securities dealers matter, 2023) SEBI (India) 2023-01-30 Front Running — judgment
SEBI v. Manoj Kumar and others (falsified accounts, Ricoh India, 2023) SEBI (India) 2023-01-30 Misleading Issuer Disclosure — judgment
SEC v. Randy Herschaft (insider trading, 2023) SEC 2023-01-30 Insider Trading $35.2k settled
SEBI v. Divya Agarwal and others (price manipulation, Sulabh Engineers, remand order, 2023) SEBI (India) 2023-01-27 Price Manipulation — judgment
SEC v. Donna Matuizek (insider trading, 2023) SEC 2023-01-27 Insider Trading $27.8k settled
SEBI v. Coffee Day Enterprises Ltd (fund diversion, 2023, 2023) SEBI (India) 2023-01-24 Misleading Issuer Disclosure — judgment
SEC v. Austin D. Ellison-Meade (2023) SEC 2023-01-24 — judgment
SEBI v. Mukesh Parekh and others (front running, settlement, Reliance Securities dealers matter, 2023) SEBI (India) 2023-01-23 Front Running — settled
SEC v. Charlie Abujudeh (pump and dump, 2023) SEC 2023-01-23 Pump And Dump $414k judgment
SEC v. David S.Y. Chang (2023) SEC 2023-01-23 — settled
SEBI v. Sulabh Engineers and Services Ltd and others (alleged funding of preferential allotments, 2023) SEBI (India) 2023-01-23 — dismissed
SEC v. Nexo Capital Inc. (unregistered distributions, 2023) SEC 2023-01-19 Unregistered Distributions $22.5m settled
SEBI v. Jalaj Agrawal (bulk SMS stock tips in Panafic Industrials, 2023) SEBI (India) 2023-01-18 Pump And Dump — judgment
SEC v. Yossi Engel (ponzi schemes, 2023) SEC 2023-01-12 Ponzi Schemes — settled
SEBI v. BRH Wealth Kreators Ltd and others (broker diversion of client securities and funds, 2023) SEBI (India) 2023-01-11 — judgment
SEBI adjudication orders on illiquid stock options at BSE (2023 batch) SEBI (India) 2023-01-10 Matched Orders — judgment
CFTC v. Avraham Eisenberg (oracle manipulation, 2023) CFTC 2023-01-09 Oracle Manipulation — filed
SEC v. Melville Peter ten Cate (sham tender offers, 2023) SEC 2023-01-03 Sham Tender Offers $500k judgment
SEBI v. Amish Arvind Malbari and others (Axis Bank WhatsApp messages, 2023) SEBI (India) 2023-01-02 Insider Trading — dismissed
SEBI v. Sonal Vijay Mehta (Radha Madhav Corporation, 2022) SEBI (India) 2022-12-30 Price Manipulation — judgment
SEBI v. Sorabh Mahesh Gupta (Radha Madhav Corporation, 2022) SEBI (India) 2022-12-30 Price Manipulation — judgment
SEBI v. Madhuben Prafulbhai Patel (Radhe Developers, 2022) SEBI (India) 2022-12-30 Insider Trading — judgment
SEBI v. MBL & Company Ltd and Asiatic Portfolio Ltd (C Mahendra Exports, 2022) SEBI (India) 2022-12-30 Price Manipulation — judgment
SEBI v. Ashishbhai Prafulbhai Patel (insider trading, Radhe Developers, 2022) SEBI (India) 2022-12-30 Insider Trading — judgment
SEBI v. Ilesh Madhusudan Patel and others (SFL International, 2022) SEBI (India) 2022-12-29 Price Manipulation , Matched Orders — judgment
SEBI v. Rishabh Mahendra Shah and others (Mangalam Industrial Finance, 2022) SEBI (India) 2022-12-29 Matched Orders , Price Manipulation — judgment
SEBI v. Shailesh Lalman Ojha and others (Radford Global, review order, 2022) SEBI (India) 2022-12-29 Price Manipulation — judgment
SEBI v. Karuturi Subrahmanya Chowdary and others (Apex Frozen Foods, 2022) SEBI (India) 2022-12-29 Insider Trading — judgment
SEBI v. Consortium Capital Pvt Ltd and others (Kotak Mahindra and Axis Bank call options, 2022) SEBI (India) 2022-12-29 Matched Orders — dismissed
SEBI v. Harsha Jagdishbhai Parmar and others (Darshan Orna circular trades and funding, 2022) SEBI (India) 2022-12-28 Matched Orders , Pump And Dump — judgment
SEBI v. Henal C Patel and others (Exdon Trading Company, 2022) SEBI (India) 2022-12-27 Price Manipulation — judgment
SEBI v. Mukesh Parekh and Archana Mukesh Parekh (front running Tata Absolute Return Fund, 2022) SEBI (India) 2022-12-26 Front Running — settled
ASIC v. Vaughan Bowen (insider trading, 2022) ASIC 2022-12-23 Insider Trading — dismissed
SEBI v. Naresh Ramniklal Mehta and Pallavi Naresh Mehta (Deepak Fertilizers, 2022) SEBI (India) 2022-12-22 Insider Trading — judgment
SEBI v. Pradeep Kumar Sharma (Vaibhav Global insider trading allegation, 2022) SEBI (India) 2022-12-21 Insider Trading — dismissed
SEBI v. Shailesh Pednekar and others (Cox and Kings Financial Service directors, 2022) SEBI (India) 2022-12-21 Misleading Issuer Disclosure — judgment
SEC v. Caroline Ellison and Zixiao "Gary" Wang (price manipulation, 2022) SEC 2022-12-21 Price Manipulation — settled
SEC v. Lawrence Billimek and Alan Williams (front running, 2022) SEC 2022-12-20 Front Running — settled
West Australian man arrested, charged with insider trading offences (ASIC, 2022) ASIC 2022-12-19 Insider Trading — judgment
SEBI v. Pankaj Kumar and others (Geodesic Ltd false accounts, 2022) SEBI (India) 2022-12-19 Misleading Issuer Disclosure — judgment
SEBI v. Hanif Shekh and others (Darshan Orna bulk-SMS scheme, final order, 2022) SEBI (India) 2022-12-19 Pump And Dump — judgment
SEC v. Honeywell International Inc. (foreign bribery, 2022) SEC 2022-12-19 — unknown
SEBI v. SecureKloud Technologies Ltd and others (falsified accounts, 2022) SEBI (India) 2022-12-16 Misleading Issuer Disclosure — judgment
SEBI v. Santosh Maruti Patil (Spectacle Industries, 2022) SEBI (India) 2022-12-16 Wash Trading , Matched Orders +1 — judgment
CFTC v. Glen Point Capital and Neil Phillips (price manipulation, 2022) CFTC 2022-12-15 Price Manipulation — filed
SEBI v. Preyashbhai Sathvara and others (Millitoons Entertainment, 2022) SEBI (India) 2022-12-15 Matched Orders , Price Manipulation — judgment
SEBI v. Ejecta Marketing Ltd and others (misuse of preferential issue proceeds, 2022) SEBI (India) 2022-12-15 Misleading Issuer Disclosure — judgment
Former Courtenay House contractor pleads guilty (ASIC, 2022) ASIC 2022-12-14 Ponzi Schemes — judgment
SEC v. Edward Constantin, et al. (social media ramps, 2022) SEC 2022-12-14 Social Media Ramps — filed
CFTC v. Walleye Capital LLC (spoofing, 2022) CFTC 2022-12-12 Spoofing $550k judgment
SEC v. In Ovations Holdings, Inc. and Mark Goldberg (fake press releases, 2022) SEC 2022-12-09 Fake Press Releases — judgment
SEBI v. Cox and Kings Financial Service Ltd (overstated profit, 2022) SEBI (India) 2022-12-07 Misleading Issuer Disclosure — judgment
SEC v. Vincent Issier (insider trading, 2022) SEC 2022-12-06 Insider Trading $6.3k settled
SEBI v. Urmila Debi (order-book manipulation in Krishana Fabrics, 2022) SEBI (India) 2022-12-06 Spoofing — judgment