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. Joseph Orazio DeGregorio (2022) SEC 2022-03-02 — settled
SEC v. Andrew T.E. Coldicutt (pump and dump, 2022) SEC 2022-03-01 Pump And Dump — filed
SEBI v. Sumit Kumar and others (funded IPO subscription, Channel Nine Entertainment, 2022) SEBI (India) 2022-02-28 Misleading Issuer Disclosure — judgment
SEBI v. Purshottam Khandelwal (alleged self-trades and price lifting, Mefcom Agro Industries, 2022) SEBI (India) 2022-02-28 Wash Trading , Price Manipulation — dismissed
SEBI v. Crosseas Capital Services Pvt. Ltd. (alleged self-trades, Ess Dee Aluminium, 2022) SEBI (India) 2022-02-28 Wash Trading — dismissed
SEBI v. Samrat Dasgupta (insider trading settlement, HDFC Bank WhatsApp leak, 2022) SEBI (India) 2022-02-28 Insider Trading , Chat Group Pumps — settled
SEBI v. Shushma Kapur and others (matched orders, Coral Hub Limited, 2022) SEBI (India) 2022-02-28 Matched Orders , Price Manipulation — judgment
SEBI v. Girraj Kishore Agarwal and others (circular and reversal trades, Octant Interactive Technologies, 2022) SEBI (India) 2022-02-28 Matched Orders , Wash Trading — judgment
SEBI v. Pankaj Agarwal (selective disclosure, Manappuram Finance, 2022) SEBI (India) 2022-02-28 Insider Trading — judgment
SEBI v. Rajesh Jain (Pragya Dairies and Agro unregistered scheme, 2022) SEBI (India) 2022-02-28 — dismissed
SEBI v. Pragya Dairies and Agro Limited and others (unregistered cattle and ghee scheme, 2022) SEBI (India) 2022-02-28 — judgment
SEBI v. Rikhav Brokers (now 4G IT Solutions India) and others (IPO bidding, Vaswani Industries, 2022) SEBI (India) 2022-02-25 Price Manipulation — dismissed
SEBI v. Uma Karthikeyan (Sanraa Media GDR issue, 2022) SEBI (India) 2022-02-25 Misleading Issuer Disclosure — judgment
SEBI v. IIFL Securities Limited (Alkem Laboratories block deal reference price, settlement, 2022) SEBI (India) 2022-02-25 Price Manipulation — settled
SEBI v. Ashok Bothra (Global Infratech and Finance preferential allotments, 2022) SEBI (India) 2022-02-25 Price Manipulation — dismissed
SEBI v. Goldline International Finvest Limited and others (HPC Biosciences IPO funding, 2022) SEBI (India) 2022-02-25 — judgment
SEBI v. Peeyush Agarwal (alleged synchronized trades, Polar Pharma India, 2022) SEBI (India) 2022-02-24 Matched Orders , Price Manipulation — dismissed
SEBI v. Dhananjay Kumar (synchronized trades and price rise, Kushal Tradelink, 2022) SEBI (India) 2022-02-22 Matched Orders , Price Manipulation — judgment
SEC v. John-Michael Havrilla (insider trading, 2022) SEC 2022-02-22 Insider Trading $160k settled
SEBI v. Vishal Bali (Fortis Healthcare fund diversion, settlement, 2022) SEBI (India) 2022-02-21 — settled
SEBI v. Jinesh Devendra Bhatt (reversal trades, Synergy Bizcon, 2022) SEBI (India) 2022-02-18 Matched Orders , Price Manipulation — judgment
SEBI v. Sunil Kumar Purohit (synchronized trades, K. Sera Sera Production, 2022) SEBI (India) 2022-02-18 Wash Trading , Matched Orders — dismissed
SEBI v. Sterling International Enterprises Ltd (issuer in circular-trading case, 2022) SEBI (India) 2022-02-17 Wash Trading , Matched Orders — judgment
SEC v. Global Wholehealth Partners Corp., Charles Strongo, Brian M. Volmer, Joshua Yafa, Jamie M. Yafa, and Empire Associates, Inc. (paid stock promotion, 2022) SEC 2022-02-17 Paid Stock Promotion , Pump And Dump — filed
SEBI v. Adroit Financial Services Private Limited (NSE co-location secondary server, 2022) SEBI (India) 2022-02-16 — judgment
SEBI v. Silver Stream Equities Private Limited (NSE co-location secondary server, 2022) SEBI (India) 2022-02-16 — judgment
SEBI v. Mohammad Rashid and R K Stockholding Pvt. Ltd. (synchronized and reversal trades, Religare Enterprises, 2022) SEBI (India) 2022-02-15 Matched Orders , Wash Trading — judgment
SEBI v. V. P. Patel and others (listing-day trading, Bharatiya Global Infomedia IPO, 2022) SEBI (India) 2022-02-14 Wash Trading , Matched Orders — dismissed
SEC v. Nathaniel Brown, Benjamin Wylam, Naveen Sood, Marcus Bannon, Matthew Rauch, And Naresh Ramaiya (insider trading, 2022) SEC 2022-02-11 Insider Trading — judgment
SEBI v. GPSK Capital Private Limited (reversal trades in illiquid stock options at BSE, settlement, 2022) SEBI (India) 2022-02-09 Matched Orders — settled
SEC v. Robert Lenard Booth, Michael D'Urso, Daniel T. Wellcome Jr., Alyssa D'Urso, Antonella Chiaramonte, and Jay Garnock) (boiler rooms, 2022) SEC 2022-02-09 Boiler Rooms — filed
SEC v. Michael M. Beck, a/k/a @BigMoneyMike6, and Relief Defendant Helen P. Robinson (newsletter scalping, 2022) SEC 2022-02-07 Newsletter Scalping , Social Media Ramps $230k judgment
SEBI v. Sumeet Industries Limited and others (price and volume manipulation, 2022) SEBI (India) 2022-02-04 Price Manipulation , Misleading Issuer Disclosure +1 — judgment
SEBI v. Nirmal Kotecha (inflated results, Pyramid Saimira Theatre, 2022) SEBI (India) 2022-01-31 Misleading Issuer Disclosure — dismissed
SEBI v. Nitin Jayantilal Sandesara and others (circular trades, Sterling International Enterprises, 2022) SEBI (India) 2022-01-31 Wash Trading , Matched Orders — judgment
SEBI v. Mehul Chinubhai Choksi and another (insider trading, Gitanjali Gems, 2022) SEBI (India) 2022-01-31 Insider Trading — judgment
SEBI v. Amalendu Mukherjee (insider trading, Ricoh India, 2022) SEBI (India) 2022-01-31 Insider Trading — judgment
SEBI v. Ballinder Singh Dhillon and others (Fortis Healthcare fund diversion, settlement, 2022) SEBI (India) 2022-01-31 — settled
Caloundra man pleads guilty to insider trading (ASIC, 2022) ASIC 2022-01-28 Insider Trading — judgment
SEBI v. Santosh Kumar Agarwal and others (price rise in Nikki Global Finance, 2022) SEBI (India) 2022-01-28 Price Manipulation — judgment
SEBI v. Sharekhan Ltd (one-share buys depressing the price, Sampada Chemicals, 2022) SEBI (India) 2022-01-28 Price Manipulation — judgment
SEBI v. Mangalmayee Hirise Pvt Ltd and others (small buy orders lifting Nouveau Global Ventures, 2022) SEBI (India) 2022-01-28 Price Manipulation — judgment
SEBI v. Vazhacholil Paul Xavier (small buy orders, Nouveau Global Ventures, 2022) SEBI (India) 2022-01-28 Price Manipulation — judgment
SEBI v. Agrata Shares Securities Pvt. Ltd. and others (synchronized trades, Era Infra Engineering, 2022) SEBI (India) 2022-01-28 Matched Orders , Wash Trading — judgment
SEC v. SeeThruEquity, LLC, Ajay Tandon, and Amit Tandon (newsletter scalping, 2022) SEC 2022-01-28 Analyst Manipulation , Newsletter Scalping $520k judgment
SEBI v. PIL Italica Lifestyle Limited and others (alleged self-funded preferential allotment, 2022) SEBI (India) 2022-01-28 — dismissed
SEC v. Aleksandr Milrud (layering, 2022) SEC 2022-01-26 Layering — judgment
SEBI v. S. Madhavan (insider trading settlement, UFO Moviez India, 2022) SEBI (India) 2022-01-20 Insider Trading — settled
CFTC v. William S. Evans III (ponzi schemes, 2022) CFTC 2022-01-19 Ponzi Schemes — judgment
SEC v. David P. Forte, Gregory P. Manning and John D. Younis (insider trading, 2022) SEC 2022-01-19 Insider Trading — filed
SEBI v. Finquest Securities Pvt. Ltd. (broker facilitating synchronized trades, Asian Granito India, 2022) SEBI (India) 2022-01-18 Matched Orders — judgment
SEC v. Douglas A. Roth (insider trading, 2022) SEC 2022-01-13 Insider Trading — judgment
SEC v. David S. Sargent and Christopher M. Klundt (insider trading, 2022) SEC 2022-01-11 Insider Trading $215k settled
SEC v. Tanmaya Kabra et al. (ponzi schemes, 2022) SEC 2022-01-06 Ponzi Schemes — judgment
SEBI adjudication orders on illiquid stock options at BSE (2022 batch) SEBI (India) 2022-01-04 Matched Orders — judgment
SEBI v. Sure Portfolio Services Private Limited (Sun and Shine Worldwide price manipulation, struck-off company, 2022) SEBI (India) 2022-01-03 Matched Orders — dismissed
SEBI v. Wonder Procon Private Limited (Sun and Shine Worldwide price manipulation, struck-off company, 2022) SEBI (India) 2022-01-03 Matched Orders — dismissed
AMF France v. M. Jean-Louis Roy (insider trading, 2021) AMF (France) 2021-12-29 Insider Trading — judgment
CFTC v. New Jersey-Based Entities and Individuals (2021) CFTC 2021-12-28 — unknown
CFTC v. Kunal Bansal, Vinit Agarwal, Aralia Securities, Ltd. and Vintage Bullion DMCC (wash trading, 2021) CFTC 2021-12-27 Wash Trading $100k judgment
SEC v. Marco "Sully" Perez and Permian Basin Proppants, Inc. (ponzi schemes, 2021) SEC 2021-12-22 Ponzi Schemes — settled
SEC v. Vladislav Kliushin, Nikolai Rumiantcev, Mikhail Irzak, Igor Sladkov, and Ivan Yermakov (hack to trade, 2021) SEC 2021-12-22 Hack To Trade — judgment
SEC v. Daniel V.T. Catenacci (insider trading, 2021) SEC 2021-12-20 Insider Trading $50k settled
SEC v. J.P. Morgan Securities LLC (2021) SEC 2021-12-17 $125m settled
SEC v. Wedbush Securities Inc. (unregistered distributions, 2021) SEC 2021-12-15 Unregistered Distributions $1m settled
CFTC v. Peter Miller and Omerta Capital LLC (block trade information misuse, 2021) CFTC 2021-12-10 $200k settled
SEC v. Mohammed Pithapurwala, Ammar Kutiyanawalla, and Alifiya Kutiyanawalla (insider trading, 2021) SEC 2021-12-09 Insider Trading $598k settled
CFTC v. Roman Banoczay Jr., Roman Banoczay Sr. and BAZUR Spol. S.R.O. (spoofing, 2021) CFTC 2021-12-08 Spoofing $750k settled
SEC v. Auzins (unregistered distributions, 2021) SEC 2021-12-03 Unregistered Distributions — settled
SEC v. Michael J. Starkweather and Andiamo Corporation (fake press releases, 2021) SEC 2021-12-03 Fake Press Releases — judgment
SEC v. Carnovale, et al. (undisclosed control blocks, 2021) SEC 2021-12-02 Undisclosed Control Blocks , Unregistered Distributions $430k judgment
SEC v. Robert C. Dobkin, Cynthia Braun, Michael Fiorillo and Jeffrey S. Gregersen (insider trading, 2021) SEC 2021-12-01 Insider Trading $936k settled
ASIC v. Courtenay House (ponzi schemes, 2021) ASIC 2021-11-30 Ponzi Schemes — judgment
SEC v. Marc Demane Debih (insider trading, 2021) SEC 2021-11-30 Insider Trading — settled
SEC v. Guy Scott Griffithe and Robert William Russell (ponzi schemes, 2021) SEC 2021-11-24 Ponzi Schemes $2.9m judgment
SEC v. Carol E. Cohen and Austin Rotter (insider trading, 2021) SEC 2021-11-23 Insider Trading $137k settled
SEC v. Tomer Feingold and Dov Malnik (insider trading, 2021) SEC 2021-11-23 Insider Trading $2.8m judgment
SEC v. ProPetro Holding Corp. and Dale Redman (2021) SEC 2021-11-22 $195k settled
SEC v. MIO Partners, Inc. (2021) SEC 2021-11-19 $18m settled
SEC v. William E. Gericke, Esq. (insider trading, 2021) SEC 2021-11-19 Insider Trading $20k settled
CFTC v. Daniel Fingerhut and others (binary options and digital asset solicitation fraud, 2021) CFTC 2021-11-17 $3.6m judgment
Former executive of Healthe Care Australia sentenced to 12 months imprisonment and fined $10,000 for insider trading (ASIC, 2021) ASIC 2021-11-16 Insider Trading — judgment
OSC v. Michael Paul Kraft and Michael Brian Stein (insider trading, 2021) OSC 2021-11-16 Insider Trading — judgment
Former Quantum Resources director convicted of insider trading and market manipulation offences (ASIC, 2021) ASIC 2021-11-09 Insider Trading , Price Manipulation — judgment
SEC v. Gregory Lemelson, Lemelson Capital Management, LLC, and The Amvona Fund (short and distort, 2021) SEC 2021-11-08 Short And Distort — judgment
SEC v. David P. Godwin (financial statement fraud, 2021) SEC 2021-11-04 — judgment
SEC v. Mark A. Miller, Saeid Jaberian and Christopher J. Rajkaran (pump and dump, 2021) SEC 2021-11-01 Pump And Dump — judgment
SEC v. BNZ One Capital, LLC, et al. (ponzi schemes, 2021) SEC 2021-10-29 Ponzi Schemes — filed
CFTC v. Swapnil Rege and SwapStar Capital LLC (2021) CFTC 2021-10-27 $200k settled
SEC v. Ann M. Vick (2021) SEC 2021-10-26 $570k settled
SEC v. Denis Georgiyevich Sotnikov, et al. (fake certificate-of-deposit fraud, 2021) SEC 2021-10-26 $8.4m judgment
SEC v. Steven M. Gallagher, a/k/a "Alexander Delarge" (social media ramps, 2021) SEC 2021-10-26 Social Media Ramps $473k judgment
CFTC v. El Paso Resident and His Firm (ponzi schemes, 2021) CFTC 2021-10-20 Ponzi Schemes $18.8m judgment
CFTC v. Craig L. Clavin and Lighthouse Futures, Ltd. (2021) CFTC 2021-10-12 $25k judgment
CFTC v. Storm Bryant, Elijah Bryant III, et al. (2021) CFTC 2021-10-08 $4m judgment
SEC v. Steven Pagartanis (ponzi schemes, 2021) SEC 2021-10-07 Ponzi Schemes — judgment
SEC v. Keith A. Wakefield (unauthorized trading and fictitious commissions, 2021) SEC 2021-10-01 — settled
SEC v. Adam Heimann (paid stock promotion, 2021) SEC 2021-09-30 Paid Stock Promotion $1.3m settled
SEC v. Gregory L. Ciccone, et al. (2021) SEC 2021-09-29 — filed
SEC v. Sky Group, et al. (ponzi schemes, 2021) SEC 2021-09-29 Ponzi Schemes — settled