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. Gregory Lemelson, Lemelson Capital Management, LLC, and The Amvona Fund (short and distort, 2018) SEC 2018-09-13 Short And Distort — filed
SEC v. Barry C. Honig, et al. (pump and dump, 2018) SEC 2018-09-07 Pump And Dump — filed
SEC v. In Ovations Holdings, Inc. and Mark Goldberg (paid stock promotion, 2018) SEC 2018-09-06 Paid Stock Promotion — unknown
SEC v. Jeffrey Goldman and Christopher Eikenberry (ponzi schemes, 2018) SEC 2018-09-05 Ponzi Schemes — settled
SEC v. Amer Deeba (insider trading, 2018) SEC 2018-08-30 Insider Trading $581k judgment
SEC v. Kendricks, et al. (insider trading, 2018) SEC 2018-08-30 Insider Trading — filed
CFTC v. BNP Paribas (benchmark submission rigging, 2018) CFTC 2018-08-29 Benchmark Submission Rigging , Price Manipulation $90m judgment
SEC v. Delaney Equity Group LLC Delaney and others (reverse merger schemes, 2018) SEC 2018-08-29 Reverse Merger Schemes , Shell Factories +1 $20k settled
SEC v. Fishoff, et al. (insider trading, 2018) SEC 2018-08-23 Insider Trading — filed
SEC v. Gary S. Williky (insider trading, 2018) SEC 2018-08-23 Insider Trading $1.7m judgment
SEC v. Barry M. Kornfeld, et al., Lynette M. Robbins and Knowles Systems, Inc. (ponzi schemes, 2018) SEC 2018-08-22 Ponzi Schemes $100k settled
SEC v. James T. Lentz (insider trading, 2018) SEC 2018-08-22 Insider Trading $9.1k settled
Former managing director of mining company found guilty of insider trading (ASIC, 2018) ASIC 2018-08-21 Insider Trading — filed
SEC v. A. Catlin Cade, IV (insider trading, 2018) SEC 2018-08-21 Insider Trading — settled
SEC v. Ismail Lila (insider trading, 2018) SEC 2018-08-21 Insider Trading $28.6k settled
SEC v. Lubin and David (unregistered distributions, 2018) SEC 2018-08-21 Unregistered Distributions — judgment
SEC v. Honglan Wang (insider trading, 2018) SEC 2018-08-16 Insider Trading $67k settled
SEC v. Citigroup Global Markets Inc. and Citigroup Inc. (mismarking, 2018) SEC 2018-08-16 Mismarking $5.8m settled
SEC v. Tomahawk Exploration LLC and David Thompson Laurance (reverse merger schemes, 2018) SEC 2018-08-14 Reverse Merger Schemes $30k settled
SEC v. Alexander Charles White and Paul Douglas Vandivier (unregistered distributions, 2018) SEC 2018-08-13 Unregistered Distributions — unknown
SEC v. Chad Anthony Lewis (unregistered distributions, 2018) SEC 2018-08-13 Unregistered Distributions — settled
SEC v. Christopher Collins, et al., Lauren Zarksy, Dorothy Zarsky (insider trading, 2018) SEC 2018-08-10 Insider Trading — judgment
SEC v. John C. Maccoll (ponzi schemes, 2018) SEC 2018-08-09 Ponzi Schemes — filed
SEC v. Arthur Lamar Adams and Madison Timber Properties, LLC (ponzi schemes, 2018) SEC 2018-08-08 Ponzi Schemes — filed
SEC v. Salvadore D. Palermo (wash trading, 2018) SEC 2018-08-08 Wash Trading — filed
SEC v. Aaron R. Smith (insider trading, 2018) SEC 2018-08-07 Insider Trading $40.6k settled
SEC v. Murakami, et al. (ponzi schemes, 2018) SEC 2018-08-06 Ponzi Schemes — judgment
SEC v. Fei Yan, et al. (insider trading, 2018) SEC 2018-08-03 Insider Trading — judgment
SEC v. Lozuk (insider trading, 2018) SEC 2018-08-01 Insider Trading — judgment
SEC v. Madan (insider trading, 2018) SEC 2018-08-01 Insider Trading $14k judgment
SEC v. Fred Tinker (insider trading, 2018) SEC 2018-07-31 Insider Trading — settled
SEC v. Howard M. Appel (matched orders, 2018) SEC 2018-07-30 Matched Orders — settled
SEC v. Robert Gadimian (insider trading, 2018) SEC 2018-07-26 Insider Trading — judgment
SEC v. Rudden, et al. (ponzi schemes, 2018) SEC 2018-07-26 Ponzi Schemes — unknown
FCA v. Edward John Booth (churning, 2018) FCA 2018-07-25 Churning — judgment
SEC v. Richard T. Cunniffe (insider trading, 2018) SEC 2018-07-25 Insider Trading — judgment
SEC v. Matthew Brunstrum and Susan Brunstrum (insider trading, 2018) SEC 2018-07-24 Insider Trading — settled
SEC v. Yao Li (insider trading, 2018) SEC 2018-07-24 Insider Trading $196k settled
Former executive charged with insider trading (ASIC, 2018) ASIC 2018-07-23 Insider Trading — dismissed
SEC v. Mizuho Securities USA LLC (front running, 2018) SEC 2018-07-23 Front Running , Insider Trading +1 — settled
SEC v. Sycamore Lane Partners LLC (naked short selling debate, 2018) SEC 2018-07-23 Naked Short Selling Debate $25k settled
SEC v. Deutsche Bank Trust Company Americas (naked short selling debate, 2018) SEC 2018-07-20 Naked Short Selling Debate $22.2m settled
SEC v. Mark E. Burns, Robert W. Murray (price manipulation, 2018) SEC 2018-07-17 EDGAR Filing Fraud , Price Manipulation +1 — settled
SEC v. Gannon Giguiere et al. (paid stock promotion, 2018) SEC 2018-07-16 Paid Stock Promotion , Pump And Dump — filed
CFTC v. Commodity Trading Firm (price manipulation, 2018) CFTC 2018-07-12 Price Manipulation $3.4m judgment
SEC v. Pawel P. Dynkowski, et al. (pump and dump, 2018) SEC 2018-07-12 Pump And Dump — judgment
SEC v. Ryan Gilbertson, et al. (reverse merger schemes, 2018) SEC 2018-07-12 Reverse Merger Schemes — unknown
ASIC v. CBA (price manipulation, 2018) ASIC 2018-07-10 Price Manipulation $5m unknown
SEC v. Gene Shen (insider trading, 2018) SEC 2018-07-10 Insider Trading — settled
SEC v. Matthew C. Woodard (undisclosed control blocks, 2018) SEC 2018-07-10 Unregistered Distributions — judgment
SEC v. Dubovoy, et al. (hack to trade, 2018) SEC 2018-07-10 Hack To Trade — settled
SEC v. Molina (insider trading, 2018) SEC 2018-07-05 Insider Trading $39.2k judgment
SEC v. Edward Lee Moody Jr., et. al. (ponzi schemes, 2018) SEC 2018-07-03 Ponzi Schemes — filed
SEC v. Sudhakar Reddy Bonthu (insider trading, 2018) SEC 2018-07-02 Insider Trading — filed
SEC v. Alexander Capital, L.P. (churning, 2018) SEC 2018-06-29 Churning — settled
SEC v. Bayes Capital, LLC (naked short selling debate, 2018) SEC 2018-06-28 Naked Short Selling Debate $300k settled
SEC v. James VanBlaricum, et al. (ponzi schemes, 2018) SEC 2018-06-26 Ponzi Schemes — settled
SEC v. Richard Weed et al. (reverse merger schemes, 2018) SEC 2018-06-26 Reverse Merger Schemes $150k dismissed
SEC v. James E. Hocker (ponzi schemes, 2018) SEC 2018-06-21 Ponzi Schemes — filed
SEC v. Joseph A. Fiore, Berkshire Capital Management Company, Inc., and Eat at Joe's, Ltd. (n/k/a SPYR, Inc.) (newsletter scalping, 2018) SEC 2018-06-20 Newsletter Scalping — filed
SEC v. Santillo, et al. (ponzi schemes, 2018) SEC 2018-06-20 Ponzi Schemes — unknown
CFTC v. JPMorgan Chase Bank (benchmark submission rigging, 2018) CFTC 2018-06-18 Benchmark Submission Rigging , Price Manipulation $65m judgment
SEC v. Robert M. Morano (insider trading, 2018) SEC 2018-06-11 Insider Trading — judgment
OSC v. Peter Volk (insider trading, 2018) OSC 2018-06-11 Insider Trading — unknown
SEC v. Jehu Hand, et al. (pump and dump, 2018) SEC 2018-06-06 Pump And Dump — unknown
SEC v. Ralph T. Iannelli et al. (ponzi schemes, 2018) SEC 2018-06-06 Ponzi Schemes — filed
CFTC v. Société Générale S.A. (benchmark submission rigging, 2018) CFTC 2018-06-04 Benchmark Submission Rigging , Price Manipulation $475m judgment
SEC v. Kon and Alexander (paid stock promotion, 2018) SEC 2018-05-29 Paid Stock Promotion $20k settled
SEC v. Todd David Alpert (insider trading, 2018) SEC 2018-05-18 Insider Trading — judgment
SEC v. Manhattan Transfer Registrar Company and John C. Ahearn (reverse merger schemes, 2018) SEC 2018-05-17 Reverse Merger Schemes , Undisclosed Control Blocks $50k settled
SEC v. Chardan Capital Markets, LLC (undisclosed control blocks, 2018) SEC 2018-05-16 Unregistered Distributions $1m settled
SEC v. Jerard Basmagy (undisclosed control blocks, 2018) SEC 2018-05-16 Unregistered Distributions $15k settled
SEC v. Keith Houlihan (boiler rooms, 2018) SEC 2018-05-09 Boiler Rooms — judgment
CFTC v. Alcibiades Cifuentes (ponzi schemes, 2018) CFTC 2018-05-08 Ponzi Schemes $1.8m judgment
SEC v. Visium Asset Management, LP (insider trading, 2018) SEC 2018-05-08 Insider Trading , Mismarking $4.8m settled
SEC v. Bovorn Rungruangnavarat (insider trading, 2018) SEC 2018-05-07 Insider Trading $2m settled
SEC v. David A. Zimliki and Russel P. Schiefer (insider trading, 2018) SEC 2018-05-04 Insider Trading — settled
OSC v. Jens Brandt and others (spoofing, 2018) OSC 2018-05-03 Spoofing — unknown
SEC v. Eddy U. Marin and Shane R. Spierdowis (paid stock promotion, 2018) SEC 2018-05-02 Paid Stock Promotion , Pump And Dump — settled
SEC v. Small Business Capital Corp. and others (ponzi schemes, 2018) SEC 2018-05-02 Ponzi Schemes $10k judgment
CFTC v. Charles H. McAllister of Alabama (ponzi schemes, 2018) CFTC 2018-04-30 Ponzi Schemes — filed
CFTC v. Glencore Agriculture B.V. and Glencore Ltd. (wash trading, 2018) CFTC 2018-04-30 Wash Trading $2m judgment
SEC v. Christopher R. Esposito, et al. (paid stock promotion, 2018) SEC 2018-04-30 Paid Stock Promotion — judgment
SEC v. Diane J. Harrison, et al. (fake press releases, 2018) SEC 2018-04-30 Fake Press Releases — settled
SEC v. William T. Walters, et al. (insider trading, 2018) SEC 2018-04-30 Insider Trading — dismissed
SEC v. AF Ocean Investment Management Company (reverse merger schemes, 2018) SEC 2018-04-25 Reverse Merger Schemes — settled
SEC v. Andy Z. Fan (fake press releases, 2018) SEC 2018-04-25 Fake Press Releases , Matched Orders +1 $140k settled
SEC v. ChinAmerica Andy Movie Entertainment Media Company (reverse merger schemes, 2018) SEC 2018-04-25 Reverse Merger Schemes — settled
OSC v. Nicolas Blitterswyk (insider trading, 2018) OSC 2018-04-24 Insider Trading — settled
SEC v. Scott Newsholme (ponzi schemes, 2018) SEC 2018-04-23 Ponzi Schemes — judgment
SEC v. Amrit J. S. Chahal (ponzi schemes, 2018) SEC 2018-04-16 Ponzi Schemes — filed
SEC v. Douglas Nelson (insider trading, 2018) SEC 2018-04-16 Insider Trading $15.1k settled
CFTC v. The Kane Capital Investment Group (ponzi schemes, 2018) CFTC 2018-04-12 Ponzi Schemes — filed
SEC v. Wellness Center USA, Inc. (fake press releases, 2018) SEC 2018-04-12 Fake Press Releases — settled
SEC v. William C. Gennity and Rocco Roveccio (churning, 2018) SEC 2018-04-11 Churning — judgment
South Australian day trader sentenced for market manipulation (ASIC, 2018) ASIC 2018-04-10 Price Manipulation — unknown
SEC v. The Lifepay Group, LLC, et. al. (ponzi schemes, 2018) SEC 2018-04-10 Ponzi Schemes — filed
CFTC v. Floor Broker Anuj C. Singhal (spoofing, 2018) CFTC 2018-04-09 Spoofing $150k judgment
SEC v. AMC Holdings, LLC (boiler rooms, 2018) SEC 2018-04-05 Boiler Rooms — filed
SEC v. Joseph Meli, et al., Craig H. Carton, et al. (ponzi schemes, 2018) SEC 2018-04-05 Ponzi Schemes — unknown