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. Jaeson Birnbaum (2021) SEC 2021-09-28 — settled
SEC v. Tradition Securities and Derivatives, LLC (naked short selling debate, 2021) SEC 2021-09-28 Naked Short Selling Debate $842k settled
FCA v. Colin Bermingham Individual (benchmark submission rigging, 2021) FCA 2021-09-27 Benchmark Submission Rigging — settled
SEC v. Suyun Gu, et al. (wash trading, 2021) SEC 2021-09-27 Wash Trading $25k settled
SEC v. Timothy Page et al., Daniel Cattlin and William R. Shupe (boiler rooms, 2021) SEC 2021-09-27 Boiler Rooms $11.1m judgment
SEC v. Xuepeng Xie (layering, 2021) SEC 2021-09-27 Layering , Spoofing $600k settled
SEC v. Frantz Simeon and First Black Enterprises, Inc. (ponzi schemes, 2021) SEC 2021-09-23 Ponzi Schemes — judgment
ASIC v. Dylan Rands (price manipulation, 2021) ASIC 2021-09-22 Price Manipulation — judgment
SEC v. Helikon Investments Ltd. (rule 105 offering shorts, 2021) SEC 2021-09-21 Rule 105 Offering Shorts $97.5k settled
SEC v. James Wallace Nall, III, Michael Hale Smith, Michael Dwaine Smith, Robert Walter Smith and Walter Vice Tutt (insider trading, 2021) SEC 2021-09-21 Insider Trading $221k judgment
CFTC v. Gregory Demetrius Bryant, Jr. (ponzi schemes, 2021) CFTC 2021-09-16 Ponzi Schemes — filed
SEC v. Jason Dodd Bullard, Angela Romero-Bullard, and Bullard Enterprises LLC (ponzi schemes, 2021) SEC 2021-09-16 Ponzi Schemes $230k settled
CFTC v. Ronald Montano and Montano Enterprises LLC (binary options solicitation fraud, 2021) CFTC 2021-09-15 $1.7m judgment
SEC v. Charles Parkinson Lloyd (reverse merger schemes, 2021) SEC 2021-09-15 Reverse Merger Schemes , Unregistered Distributions $40k settled
SEC v. Simon Piers Thurlow, Roger Fidler and others (reverse merger schemes, 2021) SEC 2021-09-15 Reverse Merger Schemes — filed
Melbourne man charged with insider trading (ASIC, 2021) ASIC 2021-09-14 Insider Trading — dismissed
CFTC v. Rudy Avila and six companies (fraudulent solicitation schemes, 2021) CFTC 2021-09-14 Ponzi Schemes — judgment
SEC v. App Annie Inc. and Bertrand Schmitt (2021) SEC 2021-09-14 $10.3m settled
SEC v. Mark Ahn (insider trading, 2021) SEC 2021-09-10 Insider Trading — judgment
SEC v. Todd Elliott Hitt et al. (ponzi schemes, 2021) SEC 2021-09-10 Ponzi Schemes — judgment
SEC v. Cavco Industries, Inc., Joseph Stegmayer, and Daniel Urness, Robert Scott Parkhurst (insider trading, 2021) SEC 2021-09-03 Insider Trading $1.5m settled
SEC v. Zeeshawn S. Zia (boiler rooms, 2021) SEC 2021-09-01 Boiler Rooms — filed
SEC v. Steven Fitzgerald Brown (ponzi schemes, 2021) SEC 2021-08-31 Ponzi Schemes — judgment
SEC v. Beth Mueller (insider trading, 2021) SEC 2021-08-30 Insider Trading $28k settled
SEC v. Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc. (customer information safeguards, 2021) SEC 2021-08-30 $250k settled
SEC v. Cetera Advisor Networks LLC and four affiliates (customer information safeguards, 2021) SEC 2021-08-30 $300k settled
SEC v. Donald G. Blakstad, et al. (insider trading, 2021) SEC 2021-08-30 Insider Trading — filed
SEC v. KMS Financial Services, Inc. (customer information safeguards, 2021) SEC 2021-08-30 $200k settled
SEC v. Roger E. Dobrovodsky (unregistered distributions, 2021) SEC 2021-08-30 Unregistered Distributions $150k settled
SEC v. Scott and Lisa Chasin (insider trading, 2021) SEC 2021-08-30 Insider Trading $28k settled
CFTC v. Glen Galemmo (ponzi schemes, 2021) CFTC 2021-08-27 Ponzi Schemes — settled
SEC v. Andrew L. Fassari (social media ramps, 2021) SEC 2021-08-27 Social Media Ramps $195k judgment
SEC v. William B. McHenry Jr. and First South Investments, LLC (ponzi schemes, 2021) SEC 2021-08-27 Ponzi Schemes — judgment
SEC v. John J. Woods, Livingston Group Asset Management Company d/b/a Southport Capital, and Horizon Private Equity, III, LLC (ponzi schemes, 2021) SEC 2021-08-25 Ponzi Schemes — settled
SEC v. Sung Mo Jun, Joon Jun, Junwoo Chon, Ayden Lee, and Jae Hyeon Bae (insider trading, 2021) SEC 2021-08-25 Insider Trading $72.9k settled
SEC v. Denise Grevas (insider trading, 2021) SEC 2021-08-18 Insider Trading — settled
SEC v. Matthew Panuwat (insider trading, 2021) SEC 2021-08-17 Insider Trading — filed
SEC v. Murchinson Ltd. and Marc Bistricer and Paul Zogala (naked short selling debate, 2021) SEC 2021-08-17 Naked Short Selling Debate $900k settled
SEC v. Lawrence B. Adams (paid stock promotion, 2021) SEC 2021-08-16 Paid Stock Promotion — filed
SEC v. Ahmad Haris Tajyar and Eric Leo Marsoubian (marking the close, 2021) SEC 2021-08-13 Marking The Close , Matched Orders +1 $220k settled
SEC v. Martin Adrian Ruiz, et al. (2021) SEC 2021-08-13 — filed
SEC v. MJ Capital Funding, LLC, et al, (ponzi schemes, 2021) SEC 2021-08-13 Ponzi Schemes — judgment
SEC v. Zorayr Mikael Manukyan-Zakaryan (insider trading, 2021) SEC 2021-08-10 Insider Trading $41k settled
SEC v. Leonard R. Barr (insider trading, 2021) SEC 2021-08-09 Insider Trading $68.4k settled
AMF France v. X, Y, Z and others (wash trading, 2021) AMF (France) 2021-08-04 Wash Trading — judgment
AMF France v. Y, M. A and Banque X (insider trading, 2021) AMF (France) 2021-08-03 Insider Trading — dismissed
SEC v. Live Ventures Incorporated et al. (financial reporting fraud, 2021) SEC 2021-08-03 — filed
SEC v. George Heckler (2021) SEC 2021-07-28 — settled
SEC v. Alan L. Alexander (insider trading, 2021) SEC 2021-07-23 Insider Trading $9.1k settled
SEC v. Charlie Abujudeh (pump and dump, 2021) SEC 2021-07-22 Pump And Dump $414k settled
SEC v. Outdoor Capital Partners, LLC (ponzi schemes, 2021) SEC 2021-07-22 Ponzi Schemes — filed
OSC v. Jiubin Feng and CIM International Group Inc. (2021) OSC 2021-07-21 — judgment
SEC v. Profit Connect Wealth Services, Inc., et al. (2021) SEC 2021-07-20 — filed
SEC v. Blotics Ltd. f/d/b/a Coinschedule Ltd. (paid stock promotion, 2021) SEC 2021-07-14 Paid Stock Promotion $154k settled
SEC v. Jonathan Mimun a/k/a Jonathan Maymon and Ronn BenHarav (boiler rooms, 2021) SEC 2021-07-13 Boiler Rooms $25.8m judgment
AMF France v. B and A (insider trading, 2021) AMF (France) 2021-07-09 Insider Trading — judgment
Melbourne man charged with multiple counts of market manipulation (ASIC, 2021) ASIC 2021-07-02 Price Manipulation — judgment
ASIC v. Avrohom Kimelman (insider trading, 2021) ASIC 2021-07-01 Insider Trading , Price Manipulation — judgment
SEC v. Contrarian Press, LLC, Scott S. Fraser, and Nathan Yeung (paid stock promotion, 2021) SEC 2021-07-01 Paid Stock Promotion $200k judgment
SEC v. Mounir N. Gad (insider trading, 2021) SEC 2021-06-30 Insider Trading $51.7k settled
SEC v. Nathan E. Guido (insider trading, 2021) SEC 2021-06-30 Insider Trading $40.7k settled
SEC v. Reuben Robert Goldman and Two Triangle Consulting Group, LLC d/b/a Goldman Small Cap Research (paid stock promotion, 2021) SEC 2021-06-30 Paid Stock Promotion $39.9k settled
SEC v. Ron Phillips (matched orders, 2021) SEC 2021-06-30 Matched Orders $30k judgment
SEC v. Matthew J. Skinner, et al. (2021) SEC 2021-06-29 $4.8m judgment
SEC v. Nathaniel Brown, Benjamin Wylam, Naveen Sood, Marcus Bannon, Matthew Rauch, and Naresh Ramaiya (insider trading, 2021) SEC 2021-06-25 Insider Trading $654k settled
SEC v. Wang (insider trading, 2021) SEC 2021-06-25 Insider Trading $50k judgment
SEC v. Mark A. Miller (fake press releases, 2021) SEC 2021-06-21 Fake Press Releases , Pump And Dump — judgment
CFTC v. Classic Energy LLC and Mathew D. Webb (block trade information misuse, 2021) CFTC 2021-06-15 — settled
SEC v. Robert Joseph Armijo, et al. (ponzi schemes, 2021) SEC 2021-06-15 Ponzi Schemes $75k settled
CFTC v. Zhao (spoofing, 2021) CFTC 2021-06-11 Spoofing — settled
SEC v. Edgar M. Radjabli, Apis Capital Management LLC and My Loan Doctor LLC (sham tender offers, 2021) SEC 2021-06-11 Sham Tender Offers $419k settled
SEC v. The Estate of Kenneth J. Casey (ponzi schemes, 2021) SEC 2021-06-02 Ponzi Schemes — judgment
AMF France v. X and A (spoofing, 2021) AMF (France) 2021-05-28 Spoofing — judgment
SEC v. Mohammed A. Bari (insider trading, 2021) SEC 2021-05-27 Insider Trading $238k settled
SEC v. Kai Christian Petersen, et al. (boiler rooms, 2021) SEC 2021-05-25 Boiler Rooms $100k judgment
Former executive of Healthe Care Australia pleads guilty to insider trading (ASIC, 2021) ASIC 2021-05-21 Insider Trading — judgment
Insider trading charges against both the former Project Manager and the former Competent Person of ASX-listed gold explorer (ASIC, 2021) ASIC 2021-05-21 Insider Trading — judgment
SEC v. BTIG, LLC (naked short selling debate, 2021) SEC 2021-05-20 Naked Short Selling Debate $315k settled
SEC v. LFS Funding Limited Partnership, Stephen Thompson, Steven Comisar, Dale Engelhardt and Ross Erskine (undisclosed control blocks, 2021) SEC 2021-05-20 Undisclosed Control Blocks — filed
Former CFO sentenced for market manipulation and fraud offences (ASIC, 2021) ASIC 2021-05-18 Price Manipulation — judgment
CFTC v. SummerHaven Investment Management LLC (wash trading, 2021) CFTC 2021-05-18 Wash Trading $500k judgment
CFTC v. Cipolla (ponzi schemes, 2021) CFTC 2021-05-14 Ponzi Schemes — judgment
SEC v. David N. Osegueda, et al. (pump and dump, 2021) SEC 2021-05-07 Pump And Dump $664k judgment
AMF France v. X, A, B, Y and Z (insider trading, 2021) AMF (France) 2021-04-28 Insider Trading — judgment
CFTC v. Aaron Michael Scott (ponzi schemes, 2021) CFTC 2021-04-27 Ponzi Schemes — judgment
SEC v. Jonathan P. Maroney, Et. Al (ponzi schemes, 2021) SEC 2021-04-27 Ponzi Schemes — filed
SEC v. Gregory Altieri (ponzi schemes, 2021) SEC 2021-04-23 Ponzi Schemes — judgment
SEC v. Ubong Uboh and Tyler Crockett (pump and dump, 2021) SEC 2021-04-22 Pump And Dump — settled
SEC v. Edward J. Kosinski (insider trading, 2021) SEC 2021-04-21 Insider Trading — judgment
CFTC v. unnamed respondents (ponzi schemes, 2021) CFTC 2021-04-08 Ponzi Schemes $1.5m judgment
CFTC v. Douglas Lien (ponzi schemes, 2021) CFTC 2021-04-08 Ponzi Schemes $5.2m judgment
SEC v. Zachary J. Horwitz, et al. (ponzi schemes, 2021) SEC 2021-04-08 Ponzi Schemes — judgment
CFTC v. Glenn Olson (rigged binary options execution, 2021) CFTC 2021-04-06 Rigged Binary Options Execution — settled
CFTC v. Emilio José Heredia Collado (price manipulation, 2021) CFTC 2021-03-25 Price Manipulation $100k settled
SEC v. Jason P. Wootten, et al. (ponzi schemes, 2021) SEC 2021-03-23 Ponzi Schemes — settled
CFTC v. Coinbase Inc. (exchange wash trading, 2021) CFTC 2021-03-19 Exchange Wash Trading , Wash Trading $6.5m judgment
SEC v. Seth P. Levine (2021) SEC 2021-03-19 — settled
ASIC v. Benjamin Heath Cooper (price manipulation, 2021) ASIC 2021-03-17 Price Manipulation — judgment
SEC v. Shawn C. Cutting (2021) SEC 2021-03-11 $6.9m judgment
CFTC v. John McAfee and Jimmy Gale Watson (pump and dump, 2021) CFTC 2021-03-05 Pump And Dump — filed