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. Mainak Comtrade Pvt Ltd and others (Dhyana Finstock, whole-time member order, 2022) SEBI (India) 2022-12-05 Price Manipulation — judgment
SEBI v. Austral Coke and Projects Ltd and others (IPO proceeds, 2022) SEBI (India) 2022-12-05 Misleading Issuer Disclosure , Wash Trading — judgment
SEC v. Joseph R. Earle Jr, Barry D. Reagh, William Clayton, Francis T. Dudley, Steven E. Bryant, Upper Street Marketing, Inc. and Project Growth International, Inc. (boiler rooms, 2022) SEC 2022-12-05 Boiler Rooms , Pump And Dump — filed
SEC v. PFP Entrust Corp. (unregistered distributions, 2022) SEC 2022-12-05 Unregistered Distributions $255k settled
SEBI v. Labdhi Enterprises and Falguni Ketan Parekh (front running Tata Absolute Return Fund, 2022) SEBI (India) 2022-12-02 Front Running — settled
CFTC v. Jeremy Spence (ponzi schemes, 2022) CFTC 2022-12-01 Ponzi Schemes — judgment
SEBI v. Krupa Sanjay Soni and others (Parichay Investments, 2022) SEBI (India) 2022-11-30 Matched Orders , Wash Trading +1 — judgment
SEBI v. Mainak Comtrade Pvt Ltd and others (Dhyana Finstock, adjudication, 2022) SEBI (India) 2022-11-30 Price Manipulation — judgment
SEBI v. Mystic Electronics Ltd and others (preferential issue proceeds, 2022) SEBI (India) 2022-11-30 Misleading Issuer Disclosure — judgment
SEC v. Yinghang "James" Yang and Yuanbiao Chen (insider trading, 2022) SEC 2022-11-30 Insider Trading $246k judgment
SEBI v. ARG Management Solutions Pvt Ltd (alleged price manipulation in Radha Madhav Corporation, 2022) SEBI (India) 2022-11-30 Price Manipulation — dismissed
SEBI v. Shanta Rathi and Biradar Khande Rao (Sawaca Business Machines, 2022) SEBI (India) 2022-11-29 Wash Trading , Price Manipulation — judgment
SEBI v. Amrut Dredging and Shipping Ltd and others (Sarang Chemicals trading group, 2022) SEBI (India) 2022-11-29 Matched Orders , Price Manipulation — judgment
SEBI v. Anil Kumar and others (CCL International, 2022) SEBI (India) 2022-11-29 Matched Orders , Price Manipulation — judgment
SEBI v. N & N Financial Consultants Pvt Ltd and Novak Exim Overseas Pvt Ltd (alleged false reason on transfer slips, 2022) SEBI (India) 2022-11-29 — dismissed
SEBI v. Ashlesh Gunvantbhai Shah HUF and others (Interactive Financial Services price manipulation, 2022) SEBI (India) 2022-11-28 Price Manipulation — judgment
SEBI v. PFL Infotech Ltd and others (PFL Infotech price manipulation, 2022) SEBI (India) 2022-11-28 Price Manipulation — judgment
SEC v. Legal & General Investment Management America, Inc. (cross trading, 2022) SEC 2022-11-21 $500k settled
Former Tesla Motors Australia director pleads guilty to insider trading (ASIC, 2022) ASIC 2022-11-16 Insider Trading — judgment
SEBI v. Shruti Vora and others (WhatsApp circulation of Tata Motors results, 2022) SEBI (India) 2022-11-16 Insider Trading — dismissed
SEBI v. Malcolm Mehta and others (Accel Frontline financial statements, 2022) SEBI (India) 2022-11-16 Misleading Issuer Disclosure — settled
SEC v. Charles Rustin Holzer, Fernando Motta Moraes (insider trading, 2022) SEC 2022-11-16 Insider Trading $812k judgment
SEC v. Adrian J. Kawuba (ponzi schemes, 2022) SEC 2022-11-14 Ponzi Schemes — judgment
SEBI v. Amrapali Aadya Trading & Investment Pvt Ltd and Aadya Commodities Pvt Ltd (broker misuse of client assets, 2022) SEBI (India) 2022-11-14 — judgment
SEBI v. Shailendra Mehta, Shruti Vora and Varun Khandelwal (WhatsApp circulation of HDFC Bank results, 2022) SEBI (India) 2022-11-10 Insider Trading — dismissed
SEC v. Brian Wong (insider trading, 2022) SEC 2022-11-10 Insider Trading — settled
SEC v. Infinity Q Diversified Alpha Fund (mismarking, 2022) SEC 2022-11-10 Mismarking — settled
OSC v. Cormark Securities Inc., William Jeffrey Kennedy, Marc Judah Bistricer and Saline Investments Ltd. (2022) OSC 2022-11-09 — dismissed
SEC v. PIC Renegade Properties, LLC (unregistered distributions, 2022) SEC 2022-11-09 Unregistered Distributions $400k settled
Former Courtenay House director pleads guilty to conducting $180 million Ponzi scheme (ASIC, 2022) ASIC 2022-11-08 Ponzi Schemes — judgment
SEC v. Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault (ponzi schemes, 2022) SEC 2022-11-04 Ponzi Schemes — filed
SEC v. Paul Geraci (boiler rooms, 2022) SEC 2022-11-04 Boiler Rooms — judgment
SEC v. Michael E. Mueller (insider trading, 2022) SEC 2022-11-04 Insider Trading $52.1k settled
SEC v. Jeremy K. Rounsville (Arbitraging.co offering fraud, 2022) SEC 2022-11-03 $207k settled
SEC v. Syed Arham Arbab, Tomas Javier Jimenez, Blake Douglas McKinney, Mushfiqur Rahman, John Ryan Shows, and William Carl Spagnoli (2022) SEC 2022-11-01 $165k settled
SEBI v. Parthiv Dalal and Shruti Vora (WhatsApp circulation of ITC results, 2022) SEBI (India) 2022-10-31 Insider Trading — dismissed
SEBI v. Gautham Lokande and Ajay Kalia (DLF joint venture information, 2022) SEBI (India) 2022-10-31 Insider Trading — dismissed
SEBI v. Mehul C. Choksi (Gitanjali Gems front entities, 2022) SEBI (India) 2022-10-31 Price Manipulation — judgment
SEBI v. Pragyan Realty Pvt Ltd and others (Sunstar Realty price fall, 2022) SEBI (India) 2022-10-31 Price Manipulation , Matched Orders — judgment
SEBI v. Narendra Ramanlal Shah and others (Universal Credit and Securities SMS tips, 2022) SEBI (India) 2022-10-31 Price Manipulation , Pump And Dump — judgment
SEBI v. Ishita Guha (alleged misleading merger news report, 2022) SEBI (India) 2022-10-31 False Rumors — dismissed
SEBI v. Ficus Securities Pvt Ltd and others (broker misuse of client funds and securities, 2022) SEBI (India) 2022-10-31 — judgment
SEBI v. Jagdish Chandra Sharma (Sobha Ltd insider trading, 2022) SEBI (India) 2022-10-28 Insider Trading — judgment
SEBI v. Anil Finature Pvt Ltd and others (Omnitech Infosolutions price rise, 2022) SEBI (India) 2022-10-28 Price Manipulation — judgment
SEBI v. JMD Telefilms Industries Ltd and others (funding of preferential allottees, 2022) SEBI (India) 2022-10-28 — judgment
SEBI v. RFL International Ltd and Anish Shah (share certificates without allotment, 2022) SEBI (India) 2022-10-28 — judgment
SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2022) SEC 2022-10-27 Boiler Rooms — judgment
SEBI v. Finquest Securities Pvt Ltd (broker and circular trades in Seshasayee Paper, 2022) SEBI (India) 2022-10-25 Wash Trading — dismissed
SEC v. Scott A. Woodward, CPA (insider trading, 2022) SEC 2022-10-25 Insider Trading $21.3k settled
SEBI v. Tejas Harshadbhai Patel and Nandita Tejaskumar Patel (A.M. Febcon insider trading, 2022) SEBI (India) 2022-10-21 Insider Trading — judgment
SEBI v. Kanchan Jena and others (front running of Deutsche Mutual Fund, 2022) SEBI (India) 2022-10-21 Front Running — judgment
SEBI v. The Bombay Dyeing & Manufacturing Company Ltd and others (inflated financial statements, 2022) SEBI (India) 2022-10-21 Misleading Issuer Disclosure — judgment
SEBI v. ACIL Cotton Industries Ltd and others (misused auditor identity, 2022) SEBI (India) 2022-10-21 Misleading Issuer Disclosure — judgment
SEBI v. Aadhaar Ventures India Ltd and Viaggio Traders Pvt Ltd (alleged funding of preferential allotment, 2022) SEBI (India) 2022-10-21 — dismissed
SEBI v. Secunderabad Healthcare Ltd (warrant conversion allotments, 2022) SEBI (India) 2022-10-20 — dismissed
SEBI v. Preyashbhai Sathvara and others (PS IT Infrastructure SMS tip allegation, 2022) SEBI (India) 2022-10-18 Price Manipulation — dismissed
SEC v. Brent David Willis (2022) SEC 2022-10-18 $175k settled
SEC v. Kevin B. Merrill, et al. (ponzi schemes, 2022) SEC 2022-10-18 Ponzi Schemes — judgment
SEBI v. F6 Finserve Pvt. Ltd. and others (broker pledging client securities, 2022) SEBI (India) 2022-10-18 — judgment
SEBI v. Shivamshree Businesses Ltd. and others (diversion of preferential issue proceeds, 2022) SEBI (India) 2022-10-18 Misleading Issuer Disclosure — judgment
CFTC v. Stephen Walsh and Paul Greenwood (ponzi schemes, 2022) CFTC 2022-10-17 Ponzi Schemes — judgment
SEC v. National Realty Investment Advisors LLC, Rey E. Grabato II, Daniel Coley O'Brien, Thomas Nicholas Salzano and others (ponzi schemes, 2022) SEC 2022-10-14 Ponzi Schemes — filed
SEBI v. Pentasoft Technologies Ltd and others (GDR issue, 2022) SEBI (India) 2022-10-14 Misleading Issuer Disclosure — judgment
SEBI v. Amrut Securities Ltd and others (Sarang Chemicals disgorgement, 2022) SEBI (India) 2022-10-12 Price Manipulation , Matched Orders — judgment
SEBI v. Quasar India Ltd and others (misuse of preferential issue funds, 2022) SEBI (India) 2022-10-10 Misleading Issuer Disclosure — judgment
SEC v. Justin Costello and David Ferraro (social media ramps, 2022) SEC 2022-10-06 Social Media Ramps — filed
SEBI v. Gautam Thapar and others (CG Power fund diversion and misstated accounts, 2022) SEBI (India) 2022-10-04 Misleading Issuer Disclosure — judgment
CFTC v. Adam Todd and Digitex entities (price manipulation, 2022) CFTC 2022-10-03 Price Manipulation — judgment
SEC v. Harpreet Saini and John Lester Mandac Natividad (insider trading, 2022) SEC 2022-10-03 Insider Trading — filed
SEC v. Kimberly Kardashian (paid stock promotion, 2022) SEC 2022-10-03 Paid Stock Promotion $1m settled
SEC v. Mauricio Chavez, Giorgio Benvenuto and CryptoFX, LLC (ponzi schemes, 2022) SEC 2022-10-03 Ponzi Schemes — filed
SEBI v. Nu Pharmalogics Private Limited (Secunderabad Healthcare warrants, dismissed on remand, 2022) SEBI (India) 2022-10-03 — dismissed
SEBI v. Shailendra Mehta (WhatsApp circulation of Infosys Ltd results, 2022) SEBI (India) 2022-09-30 Insider Trading — dismissed
SEBI v. Indian Infotech & Software Ltd and Varsha Murarka (misstated financials, 2022) SEBI (India) 2022-09-30 Misleading Issuer Disclosure — judgment
SEBI v. Ethan Constructions Pvt Ltd and others (Sanguine Media volume allegation, 2022) SEBI (India) 2022-09-30 Painting The Tape — dismissed
SEBI v. First Financial Services Ltd and others (preferential allotment price-rise scheme, 2022) SEBI (India) 2022-09-30 Price Manipulation — judgment
SEBI v. Ashok Jain and others (Richirich Agro share trading, 2022) SEBI (India) 2022-09-30 Matched Orders , Price Manipulation — dismissed
SEC v. Arbitrade Ltd., et al. (pump and dump, 2022) SEC 2022-09-30 Pump And Dump — filed
SEC v. Ari Lauer (ponzi schemes, 2022) SEC 2022-09-30 Ponzi Schemes — filed
SEC v. Jonathan William Mikula, et al. (paid stock promotion, 2022) SEC 2022-09-30 Paid Stock Promotion $1.6m settled
SEC v. Scott Lindell (mismarking, 2022) SEC 2022-09-30 Mismarking — settled
SEBI v. Vikash Metal & Power Ltd. and others (GDR issue penalties, 2022) SEBI (India) 2022-09-30 Misleading Issuer Disclosure — judgment
SEBI v. Wakeeta Commercial Pvt Ltd and others (Gokul Solutions share price, 2022) SEBI (India) 2022-09-29 Price Manipulation — judgment
SEBI v. Shailendra Mehta (WhatsApp circulation of Mindtree Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. Shailendra Mehta (WhatsApp circulation of Bata India Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. Aditya Omprakash Gaggar (WhatsApp circulation of Tata Chemicals Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. Neeraj Kumar Agarwal (WhatsApp circulation of Tata Consultancy Services Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. Shruti Vora (WhatsApp circulation of UltraTech Cement Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. S.K. Bhoan (Nakoda GDR issue, independent director, 2022) SEBI (India) 2022-09-29 Misleading Issuer Disclosure — judgment
SEBI v. Birla Pacific Medspa Ltd and others (IPO proceeds diversion and listing-day price support, 2022) SEBI (India) 2022-09-28 Misleading Issuer Disclosure , Price Manipulation — judgment
SEC v. Charles Parrino (false rumors, 2022) SEC 2022-09-28 False Rumors — settled
SEC v. Matthew Nicosia, William Reninger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2022) SEC 2022-09-28 Boiler Rooms , Pump And Dump $453k settled
SEC v. The Hydrogen Technology Corporation, Michael Ross Kane, and Tyler Ostern (paid crypto market making, 2022) SEC 2022-09-28 Paid Crypto Market Making $1.2m judgment
SEBI v. ARG Management Solutions Pvt Ltd (single-share buy orders, Nutraplus India, 2022) SEBI (India) 2022-09-27 Price Manipulation — judgment
SEC v. Christian J. Gonzalez (ponzi schemes, 2022) SEC 2022-09-27 Ponzi Schemes — settled
SEC v. James T. Patten, Peter L. Coker Sr. and Peter L. Coker Jr. (reverse merger schemes, 2022) SEC 2022-09-27 Reverse Merger Schemes , Price Manipulation — filed
SEC v. Damilare Sonoiki and Mark Wayne Ramsey (insider trading, 2022) SEC 2022-09-27 Insider Trading $15k judgment
SEBI v. Akkash Patni and others (Vikash Metal & Power GDR issue, 2022) SEBI (India) 2022-09-27 Misleading Issuer Disclosure — judgment
CFTC v. Randy Chen and Tanius Technology, LLC (spoofing, 2022) CFTC 2022-09-26 Spoofing $750k judgment
SEC v. Judith Paris-Pinder (ponzi schemes, 2022) SEC 2022-09-26 Ponzi Schemes — settled