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
FCA v. Philippe Moryoussef Individual (benchmark submission rigging, 2022) FCA 2022-07-15 Benchmark Submission Rigging — judgment
SEC v. John David McAfee and Jimmy Gale Watson, Jr. (newsletter scalping, 2022) SEC 2022-07-15 Newsletter Scalping — judgment
SEBI v. Mishka Finance and Trading Ltd. and others (preferential issue proceeds, 2022) SEBI (India) 2022-07-14 Misleading Issuer Disclosure — judgment
SEBI v. Golden Legend Leasing and Finance Limited and others (funded preferential allotment, 2022) SEBI (India) 2022-07-14 — judgment
SEBI v. Macquarie Finance (India) Pvt Ltd and Carron Investments Pvt Ltd (box trades in long-dated Nifty options, 2022) SEBI (India) 2022-07-07 Matched Orders — judgment
SEC v. Doron A. Tavlin, Afshin Farahan, and David J. Gantman (insider trading, 2022) SEC 2022-07-07 Insider Trading — settled
SEC v. George W. Haywood (insider trading, 2022) SEC 2022-07-07 Insider Trading — judgment
SEC v. Hugh Lee Sweeney (insider trading, 2022) SEC 2022-07-07 Insider Trading $57.9k settled
SEC v. John W. Pauciulo, Esq. (2022) SEC 2022-07-07 $125k settled
SEBI v. Gautam Sanjay Khandelwal and others (SMS buy tips, Supreme Tex Mart, 2022) SEBI (India) 2022-07-06 Pump And Dump — judgment
SEC v. Matthew Wade Beasley, et al. (ponzi schemes, 2022) SEC 2022-07-01 Ponzi Schemes — filed
SEC v. Justin R. Kimbrough, Terry Nikopoulos and others (ponzi schemes, 2022) SEC 2022-07-01 Ponzi Schemes — settled
SEBI v. Do Max Steel Ltd. and others (price manipulation, Kelvin Fincap, 2022) SEBI (India) 2022-06-30 Price Manipulation , Matched Orders — judgment
SEBI v. Maxtor Conclave Pvt Ltd. and others (price manipulation, Sunstar Realty Development, 2022) SEBI (India) 2022-06-30 Price Manipulation , Matched Orders — judgment
SEBI v. Arun Kochar and others (price manipulation, Wisec Global, 2022) SEBI (India) 2022-06-30 Price Manipulation — judgment
SEBI v. Aster Silicates Ltd. and others (IPO proceeds and prospectus, 2022) SEBI (India) 2022-06-30 Misleading Issuer Disclosure — judgment
SEBI v. CHP Finance Private Limited and others (price manipulation, Sanco Industries, 2022) SEBI (India) 2022-06-30 Matched Orders , Price Manipulation — judgment
SEBI v. Nisha Yadav and others (SMS-driven volume spurt, Covidh Technologies, 2022) SEBI (India) 2022-06-30 Pump And Dump — judgment
SEBI v. Shankheshwar Metals Pvt Ltd and others (price manipulation, Sun & Shine Worldwide, 2022) SEBI (India) 2022-06-30 Price Manipulation , Matched Orders — judgment
SEBI v. Shivshankar Joshi and Geetaben Joshi (funded preferential allotment, Esaar India, 2022) SEBI (India) 2022-06-30 — judgment
SEBI v. National Stock Exchange Limited, Ravi Narain and others (NSE data sharing, 2022) SEBI (India) 2022-06-30 — judgment
SEBI v. Guiness Securities Limited and others (broker misuse of client securities, 2022) SEBI (India) 2022-06-30 — judgment
SEBI v. Prem Lata Nahar and others (price manipulation, Greencrest Financial Services, 2022) SEBI (India) 2022-06-29 Price Manipulation , Matched Orders — judgment
SEBI v. SRBC & Co. LLP and others (insider trading, Infibeam Avenues, 2022) SEBI (India) 2022-06-29 Insider Trading — judgment
SEBI v. Ashish P. Patel (insider trading, Radhe Developers (India) Ltd, 2022) SEBI (India) 2022-06-29 Insider Trading — judgment
SEC v. Daniel J. Moscatiello (insider trading, 2022) SEC 2022-06-29 Insider Trading $89.9k settled
SEBI v. Texmo Pipes and Products Ltd. and others (GDR issue, 2022) SEBI (India) 2022-06-28 Misleading Issuer Disclosure — judgment
SEBI v. National Stock Exchange of India and others (dark fibre connectivity for brokers, 2022) SEBI (India) 2022-06-28 — judgment
Former Sigma Healthcare general manager sentenced for insider trading (ASIC, 2022) ASIC 2022-06-27 Insider Trading — judgment
SEBI v. Nishil Surendrabhai Marfatia (large sell orders deleted, Veronica Production, 2022) SEBI (India) 2022-06-27 Spoofing — judgment
SEBI v. Transgene Biotek Ltd. and others (GDR issues, 2022) SEBI (India) 2022-06-27 Misleading Issuer Disclosure — judgment
SEBI v. Rameshbhai Vanghjibhai Shah and others (synchronised trades in four scrips, 2022) SEBI (India) 2022-06-27 Matched Orders , Price Manipulation — judgment
SEC v. Moynes, et al. (undisclosed control blocks, 2022) SEC 2022-06-27 Undisclosed Control Blocks , Pump And Dump $307k settled
SEBI v. Sahara India Real Estate Corporation Limited and others (OFCD issues, 2022) SEBI (India) 2022-06-27 Misleading Issuer Disclosure — judgment
SEBI v. Raushan Kumar Jha (circular trades, Octant Interactive Technologies, 2022) SEBI (India) 2022-06-24 Matched Orders — dismissed
SEC v. StraightPath Venture Partners LLC, et al. (2022) SEC 2022-06-24 — filed
SEBI v. Pallavi Navinchandra Mehta and others (insider trading, ADF Foods buyback, 2022) SEBI (India) 2022-06-23 Insider Trading — judgment
SEBI v. Akshay Jitendrakumar Brahambhatt (price manipulation, Bronze Trading, 2022) SEBI (India) 2022-06-23 Price Manipulation — judgment
SEBI v. Manju Mutha and Ramesh Kumar Jain (circular and reversal trades, Octant Interactive Technologies, 2022) SEBI (India) 2022-06-22 Matched Orders , Price Manipulation — judgment
SEBI v. Radhekrishna Broking and others (matched trades, Sterling Greenwoods, 2022) SEBI (India) 2022-06-21 Matched Orders , Price Manipulation — judgment
SEBI v. Resurgere Mines and Minerals India Ltd. and others (IPO fraud and alleged self-trades, 2022) SEBI (India) 2022-06-21 Misleading Issuer Disclosure — judgment
SEBI v. Ravi Kant Jaipuria (insider trading communication, Varun Beverages, 2022) SEBI (India) 2022-06-21 Insider Trading — settled
SEC v. Steven J. Sheinfeld (insider trading, 2022) SEC 2022-06-21 Insider Trading $305k judgment
Caloundra man sentenced for insider trading (ASIC, 2022) ASIC 2022-06-20 Insider Trading — judgment
SEBI v. Sunrise Asian Ltd. and others (price manipulation, 2022) SEBI (India) 2022-06-17 Price Manipulation , Matched Orders — judgment
SEC v. Vali Management Partners (Avalon FA Ltd), Nathan Fayyer and Sergey Pustelnik (layering, 2022) SEC 2022-06-17 Layering , Spoofing $22.5m judgment
OSC v. Mughal Asset Management Corporation and others (ponzi schemes, 2022) OSC 2022-06-16 Ponzi Schemes — judgment
SEBI v. Zenith Steel Pipes & Industries and others (GDR issue, 2022) SEBI (India) 2022-06-16 Misleading Issuer Disclosure — judgment
SEBI v. Kamal Nayan Sharma and others (misstated financials, Indian Infotech & Software, 2022) SEBI (India) 2022-06-15 Misleading Issuer Disclosure — judgment
SEC v. David Roda and Andrew Larkin (insider trading, 2022) SEC 2022-06-15 Insider Trading $5.6k settled
SEC v. Michael Mooney, Britt Wright and Penny Flippen (2022) SEC 2022-06-14 $230k judgment
SEC v. Weiss Asset Management LP (rule 105 offering shorts, 2022) SEC 2022-06-14 Rule 105 Offering Shorts $200k settled
SEBI v. Nilesh J Dhamecha (auditor certificate, Tirupati Fincorp, 2022) SEBI (India) 2022-06-14 — dismissed
SEBI v. Bharat J Patel and others (synchronised trades, Garware Polyster, 2022) SEBI (India) 2022-06-13 Matched Orders — dismissed
ASIC v. Benjamin Heath Cooper (price manipulation, 2022) ASIC 2022-06-10 Price Manipulation — judgment
SEBI v. Vipul J. Modi and Quick Trading and Investment Advisors LLP (Religare Enterprises settlement, 2022) SEBI (India) 2022-06-10 Insider Trading — settled
SEBI v. Vijaykumar Omprakash Jain and Sharda Jain (insider trading, Religare Enterprises, 2022) SEBI (India) 2022-06-10 Insider Trading — settled
SEBI v. Tata Motors Ltd. and others (Tata Finance backdated share transactions, 2022) SEBI (India) 2022-06-09 Misleading Issuer Disclosure — dismissed
SEBI v. Arvind Mehrotra and others (NIIT Technologies insider trading, 2022) SEBI (India) 2022-06-09 Insider Trading — judgment
SEC v. Lijuan "Sandra" Hao, CPA (insider trading, 2022) SEC 2022-06-09 Insider Trading $47.9k settled
SEC v. Patrick Churchville, et al. (ponzi schemes, 2022) SEC 2022-06-09 Ponzi Schemes — judgment
SEC v. Puneet Dikshit (insider trading, 2022) SEC 2022-06-09 Insider Trading — judgment
SEBI v. Bhola Nath Dhall and Abhishek Dhall (Religare Finvest front-running, 2022) SEBI (India) 2022-06-08 Front Running — judgment
SEC v. Jae Cheol Oh (2022) SEC 2022-06-08 $150k settled
SEC v. Stubos, et al. (undisclosed control blocks, 2022) SEC 2022-06-08 Undisclosed Control Blocks , Pump And Dump — settled
ASIC v. Gabriel Govinda (price manipulation, 2022) ASIC 2022-06-07 Price Manipulation , Pump And Dump +1 — judgment
SEBI v. Virendra Pratap Singh and others (India Infoline front-running through mule accounts, 2022) SEBI (India) 2022-06-03 Front Running — judgment
SEBI v. Vaibhav Dhadda and others (Fidelity funds front-running, 2022) SEBI (India) 2022-06-03 Front Running — judgment
SEBI v. Malay Bhow and others (bulk SMS tips, South Indian Bank options, 2022) SEBI (India) 2022-06-03 False Rumors — judgment
SEC v. Mohammed Pithapurwala, Ammar Kutiyanawalla, and Alifiya Kutiyanawalla (insider trading, 2022) SEC 2022-06-01 Insider Trading $598k judgment
SEBI v. Global Securities Limited and others (sham preferential allotment and price rigging, 2022) SEBI (India) 2022-05-31 Price Manipulation — judgment
SEBI v. Commex Technology Limited and others (GDR issue disclosures, 2022) SEBI (India) 2022-05-31 Misleading Issuer Disclosure — judgment
SEBI v. Midvalley Entertainment Limited and others (IPO fraud and price movement, 2022) SEBI (India) 2022-05-31 Misleading Issuer Disclosure , Price Manipulation — judgment
SEBI v. Madhu Chanda and others (Sterling Group front-running accounts, 2022) SEBI (India) 2022-05-31 Front Running — judgment
SEBI v. Manish Chaturvedi and others (Sterling Group front-running, 2022) SEBI (India) 2022-05-31 Front Running — judgment
SEBI v. Teledata Technology Solutions Ltd. and others (GDR issue, 2022) SEBI (India) 2022-05-31 Misleading Issuer Disclosure — judgment
SEBI v. Coral Hub Limited and others (inflated financial results, 2022) SEBI (India) 2022-05-31 Misleading Issuer Disclosure — judgment
SEBI v. Arif Gulam Mustufa Shaikh and others (Shree Global Tradefin price rise, 2022) SEBI (India) 2022-05-31 Matched Orders , Price Manipulation — judgment
SEBI v. Sudar Industries Limited and others (IPO proceeds diversion, 2022) SEBI (India) 2022-05-31 Misleading Issuer Disclosure — judgment
SEBI v. Ashlesh Gunvantibhai Shah and others (Cupid Trades and Finance synchronized trades, 2022) SEBI (India) 2022-05-31 Matched Orders — dismissed
SEBI v. Religare Enterprises Ltd. and Religare Finvest Ltd. (settlement, fund diversion, 2022) SEBI (India) 2022-05-31 Misleading Issuer Disclosure — settled
SEBI v. S. Giridharan and others (GDR issue, Edserv Softsystems, 2022) SEBI (India) 2022-05-31 — judgment
SEBI v. K. Ramaswamy (warrant conversion, Camson Bio Technologies, 2022) SEBI (India) 2022-05-31 Misleading Issuer Disclosure — dismissed
SEBI v. Dhirendra Kumar and others (warrant conversion round-tripping, Camson Bio Technologies, 2022) SEBI (India) 2022-05-31 Misleading Issuer Disclosure — judgment
SEBI v. Pankaj Sharma (settlement, Religare Finvest director, 2022) SEBI (India) 2022-05-31 — settled
SEBI v. Hamraj Fashions Consultants Private Limited (preferential allotment, Secunderabad Healthcare, 2022) SEBI (India) 2022-05-31 — dismissed
SEBI v. Sushiladevi N. Didwania and others (Finalysis Credit and Guarantee review, 2022) SEBI (India) 2022-05-27 Matched Orders — dismissed
SEBI v. Siddharth Dinesh Mehta (Religare Enterprises settlement, 2022) SEBI (India) 2022-05-27 Insider Trading — settled
SEBI v. Dilipkumar V. Lakhi and Manish G. Lakhi (Religare Enterprises settlement, 2022) SEBI (India) 2022-05-27 Insider Trading — settled
SEBI v. Sagar Kadam and others (Finalysis Credit and Guarantee penalties, 2022) SEBI (India) 2022-05-27 Matched Orders — judgment
SEBI v. Gandiv Investment Pvt. Ltd. and others (Ponni Sugars (Erode) price rigging, 2022) SEBI (India) 2022-05-27 Price Manipulation — judgment
SEBI v. Rainbow Papers Ltd. and others (GDR issue disclosures, 2022) SEBI (India) 2022-05-27 Misleading Issuer Disclosure — judgment
SEBI v. GRD Securities Limited and Berkeley Securities Limited (Arcotech trading, 2022) SEBI (India) 2022-05-27 Price Manipulation — dismissed
SEC v. Hugues Pierre Joublin (insider trading, 2022) SEC 2022-05-27 Insider Trading — settled
SEBI v. Tirupati Fincorp Ltd. (preferential issue proceeds, 2022) SEBI (India) 2022-05-27 Misleading Issuer Disclosure — judgment
SEBI v. MPF Systems Limited and others (shell company financial statements, 2022) SEBI (India) 2022-05-26 Misleading Issuer Disclosure — judgment
SEBI v. Southern Ispat and Energy Ltd. and others (GDR issue disclosures, 2022) SEBI (India) 2022-05-26 Misleading Issuer Disclosure — judgment
SEBI v. Birla Cotsyn (India) Ltd. and others (GDR issue pledge scheme, 2022) SEBI (India) 2022-05-25 Misleading Issuer Disclosure — judgment
SEC v. Andrew M. Middlebrooks, et al. (2022) SEC 2022-05-25 — filed
CFTC v. Glencore International A.G., Glencore Ltd. and Chemoil Corporation (price manipulation, 2022) CFTC 2022-05-24 Price Manipulation $866m settled