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. AT&T, Inc., et al. (2021) SEC 2021-03-05 — filed
AMF France v. Régis Lebrun (insider trading, 2021) AMF (France) 2021-03-04 Insider Trading — settled
FCA v. Adrian Geoffrey Horn (wash trading, 2021) FCA 2021-03-03 Wash Trading — unknown
SEC v. EarthSource Minerals International, LLC et al. (ponzi schemes, 2021) SEC 2021-03-02 Ponzi Schemes $125k settled
AMF France v. X (price manipulation, 2021) AMF (France) 2021-02-26 Price Manipulation — dismissed
SEC v. Bruce Schoengood, Medifirst Solutions, Inc. and Joshua Tyrell (paid stock promotion, 2021) SEC 2021-02-24 Paid Stock Promotion — filed
CFTC v. Eibschutz (2021) CFTC 2021-02-23 $75k settled
SEC v. James T. Booth (ponzi schemes, 2021) SEC 2021-02-22 Ponzi Schemes — judgment
Corporate finance director sentenced for conspiring to manipulate market (ASIC, 2021) ASIC 2021-02-10 Price Manipulation — judgment
SEC v. Isaiah L. Goodman (2021) SEC 2021-02-09 — settled
SEC v. CR Intrinsic Investors, et al. (insider trading, 2021) SEC 2021-02-03 Insider Trading — judgment
SEC v. Vuuzle Media Corp., Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2021) SEC 2021-01-27 Boiler Rooms $27.9m judgment
CFTC v. New York Man (ponzi schemes, 2021) CFTC 2021-01-26 Ponzi Schemes — settled
SEC v. William Andrew Stack, Esq. (undisclosed control blocks, 2021) SEC 2021-01-21 Undisclosed Control Blocks , Unregistered Distributions $333k judgment
SEC v. Abhi Batra a/k/a Abhimanyu Batra (free riding and parking, 2021) SEC 2021-01-19 Free Riding And Parking $195k judgment
SEC v. Jacob C. Glick (2021) SEC 2021-01-19 $725k judgment
SEC v. Advanced Practice Advisors, LLC and Paul C. Spitzer (2021) SEC 2021-01-14 $20k settled
OSC v. Marilyn Dianne Stuart (ponzi schemes, 2021) OSC 2021-01-13 Ponzi Schemes — judgment
SEC v. DeAndre P. Sears et al. (ponzi schemes, 2020) SEC 2020-12-31 Ponzi Schemes — settled
SEC v. Anthony Thompson, Jr., et al. (paid stock promotion, 2020) SEC 2020-12-30 Paid Stock Promotion , Pump And Dump — judgment
SEC v. Gregory Altieri (ponzi schemes, 2020) SEC 2020-12-30 Ponzi Schemes — settled
SEC v. Jason Peltz (insider trading, 2020) SEC 2020-12-29 Insider Trading — settled
CFTC v. Mark N. Pyatt (ponzi schemes, 2020) CFTC 2020-12-22 Ponzi Schemes — judgment
SEC v. Cormark Securities Inc. (naked short selling debate, 2020) SEC 2020-12-21 Naked Short Selling Debate $800k settled
SEC v. ITG Canada Corp. and Virtu ITG Canada Corp. (naked short selling debate, 2020) SEC 2020-12-21 Naked Short Selling Debate $200k settled
SEC v. Barton S. Ross (false rumors, 2020) SEC 2020-12-18 False Rumors — settled
FCA v. Corrado Abbattista (spoofing, 2020) FCA 2020-12-15 Price Manipulation , Spoofing — judgment
SEC v. Roland M. Mathys (insider trading, 2020) SEC 2020-12-15 Insider Trading $9.9m judgment
SEC v. Christopher Clark and William Wright (insider trading, 2020) SEC 2020-12-11 Insider Trading $482k settled
SEC v. J. Jeremy Barbera, Carl Smith, and Nanobeak Biotech Inc. (2020) SEC 2020-12-09 — filed
CFTC v. Vitol Inc. (price manipulation, 2020) CFTC 2020-12-03 Price Manipulation — settled
SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2020) SEC 2020-12-01 Boiler Rooms — settled
SEC v. Garrett M. O'Rourke and Michael J. Black (pump and dump, 2020) SEC 2020-11-30 Pump And Dump — judgment
SEC v. Craig Rumbaugh, et al. (2020) SEC 2020-11-24 $193k judgment
OSC v. Trevor Rosborough and others (insider trading, 2020) OSC 2020-11-17 Insider Trading — settled
AMF France v. Y, A, B, D and C (insider trading, 2020) AMF (France) 2020-11-13 Insider Trading — judgment
SEC v. American Portfolios Financial Services, Inc. and American Portfolios Advisors, Inc. (2020) SEC 2020-11-13 $650k settled
SEC v. Douglas A. Roth (insider trading, 2020) SEC 2020-11-09 Insider Trading — settled
SEC v. Ieremenko et al.: settlements with Cho, Olefir and Capyield (hack to trade, 2020) SEC 2020-11-05 Hack To Trade , Insider Trading $425k settled
SEC v. Michael J. Pires (insider trading, 2020) SEC 2020-11-05 Insider Trading $18.6k settled
CFTC v. unnamed respondents (ponzi schemes, 2020) CFTC 2020-11-04 Ponzi Schemes $450k judgment
FCA v. Frank Cochran Individual (2020) FCA 2020-11-03 — unknown
FCA v. Mark Horsey Individual (2020) FCA 2020-11-03 — unknown
SEC v. Terrence Chalk, et al. (2020) SEC 2020-11-03 — settled
Sigma general manager charged with insider trading (ASIC, 2020) ASIC 2020-10-30 Insider Trading — judgment
AMF France v. Jefferies International Ltd (spoofing, 2020) AMF (France) 2020-10-29 Spoofing — settled
SEC v. Alex Forester, Michael Hicks, Yarden Krampf, Christopher Lee, Sean O'Neal, Michael Raynor, and Lee Sobel (boiler rooms, 2020) SEC 2020-10-27 Boiler Rooms $1.8m judgment
SEC v. Paul Horton Smith, Sr. and others (ponzi schemes, 2020) SEC 2020-10-22 Ponzi Schemes — judgment
OSC v. Vernon Ray Fauth (ponzi schemes, 2020) OSC 2020-10-20 Ponzi Schemes — judgment
SEC v. Jillian Sidoti (undisclosed control blocks, 2020) SEC 2020-10-19 Undisclosed Control Blocks $22k settled
SEC v. Rudden, et al. (ponzi schemes, 2020) SEC 2020-10-16 Ponzi Schemes — judgment
SEC v. Andeavor LLC (2020) SEC 2020-10-15 $20m settled
CFTC v. Peter Szatmari (binary options solicitation fraud, 2020) CFTC 2020-10-13 $5.7m judgment
SEC v. Alexander Rowland (2020) SEC 2020-10-13 — settled
SEC v. McAfee et al. (paid stock promotion, 2020) SEC 2020-10-06 Paid Stock Promotion — settled
CFTC v. Brendan Delovitch, Wesley Johnson, Rajeev Kansal and ARB Trading Group LP (spoofing, 2020) CFTC 2020-09-30 Spoofing $745k judgment
CFTC v. Sunoco (spoofing, 2020) CFTC 2020-09-30 Spoofing $450k judgment
CFTC v. Marcus Schultz (misappropriated information and fictitious trading, 2020) CFTC 2020-09-30 $670k settled
SEC v. Drew Morgan Ciccarelli (pump and dump, 2020) SEC 2020-09-30 Pump And Dump — settled
SEC v. Joel Stohlman, et al. (matched orders, 2020) SEC 2020-09-30 Matched Orders — filed
SEC v. Michael Staisil (ponzi schemes, 2020) SEC 2020-09-30 Ponzi Schemes $200k settled
SEC v. Morgan Stanley & Co. LLC (2020) SEC 2020-09-30 $5m settled
SEC v. Thomas J. Gity, et al. (2020) SEC 2020-09-30 $193k settled
SEC v. Todd W. Mixon (2020) SEC 2020-09-30 — judgment
CFTC v. JPMorgan (price manipulation, 2020) CFTC 2020-09-29 Price Manipulation , Spoofing $436m settled
CFTC v. Gain Capital Group, LLC (supervision failures, 2020) CFTC 2020-09-29 $300k settled
CFTC v. Roman Banoczay Jr., Roman Banoczay Sr. and BAZUR Spol. S.R.O. (spoofing, 2020) CFTC 2020-09-29 Spoofing $750k settled
SEC v. J.P. Morgan Securities LLC (layering and spoofing, 2020) SEC 2020-09-29 Layering , Spoofing $25m settled
SEC v. Lewis I. Wallach (ponzi schemes, 2020) SEC 2020-09-29 Ponzi Schemes — settled
ASIC v. Don Evans (insider trading, 2020) ASIC 2020-09-28 Insider Trading , Price Manipulation — judgment
CFTC v. Thomas Donino and FNY Partners Fund LP (spoofing, 2020) CFTC 2020-09-28 Spoofing $585k judgment
SEC v. Laksha Bohra, Viky Bohra, and Gotham Bohra (insider trading, 2020) SEC 2020-09-28 Insider Trading $1.1m judgment
SEC v. Christopher D. Bachinski (insider trading, 2020) SEC 2020-09-25 Insider Trading $23.1k settled
SEC v. Eric M. Hill (insider trading, 2020) SEC 2020-09-25 Insider Trading — settled
SEC v. Rachelle A. Thatcher (insider trading, 2020) SEC 2020-09-25 Insider Trading $11.6k settled
SEC v. Craig A. Zabala (2020) SEC 2020-09-24 — settled
SEC v. Edward T. Kelly (insider trading, 2020) SEC 2020-09-23 Insider Trading $170k settled
SEC v. Palmer Square Capital Management LLC (cross trading, 2020) SEC 2020-09-21 $450k settled
SEC v. PowerTradersPress.com, Inc., et al. (boiler rooms, 2020) SEC 2020-09-21 Boiler Rooms — judgment
SEC v. Robert Hoddes Jacobs (insider trading, 2020) SEC 2020-09-21 Insider Trading $157k settled
SEC v. Scott Allen Fries (2020) SEC 2020-09-17 $209k judgment
SEC v. Steven J. Sheinfeld (insider trading, 2020) SEC 2020-09-17 Insider Trading $305k settled
CFTC v. 4 Florida Men (ponzi schemes, 2020) CFTC 2020-09-16 Ponzi Schemes $80.5m judgment
SEC v. Frederick Mintz and Alan Fraade (undisclosed control blocks, 2020) SEC 2020-09-16 Undisclosed Control Blocks — judgment
CFTC v. Edge Financial Technologies (spoofing, 2020) CFTC 2020-09-15 Spoofing $48.4k judgment
Insider trader sentenced to three years imprisonment for trading in Big Un Ltd shares (ASIC, 2020) ASIC 2020-09-11 Insider Trading — judgment
CFTC v. Walsh (ponzi schemes, 2020) CFTC 2020-09-11 Ponzi Schemes — judgment
SEC v. Craig P. Moyes (insider trading, 2020) SEC 2020-09-10 Insider Trading $116k settled
SEC v. Richard M. Kirsch and Adam Terris (insider trading, 2020) SEC 2020-09-10 Insider Trading $2.5m settled
SEC v. Ryan Felton, FLiK, and CoinSpark (price manipulation, 2020) SEC 2020-09-10 Price Manipulation — judgment
FCA v. Conor Martin Foley (price manipulation, 2020) FCA 2020-09-07 Price Manipulation — judgment
SEC v. Covalent Collective, Inc. (unregistered distributions, 2020) SEC 2020-09-03 Unregistered Distributions — settled
SEC v. Peter DiChiara (reverse merger schemes, 2020) SEC 2020-09-03 Reverse Merger Schemes , Undisclosed Control Blocks $40k settled
SEC v. Phillip W. Conley (2020) SEC 2020-09-03 — judgment
SEC v. Steven Fitzgerald Brown (ponzi schemes, 2020) SEC 2020-09-03 Ponzi Schemes — settled
SEC v. Yue Li (insider trading, 2020) SEC 2020-09-03 Insider Trading $43.2k settled
CFTC v. Cartu et al. (rigged binary options execution, 2020) CFTC 2020-09-02 Rigged Binary Options Execution $100k judgment
CFTC v. Cartu et al. (rigged binary options execution, 2024) CFTC 2020-09-02 Rigged Binary Options Execution $153m judgment
FCA v. Julian Rifat Individual (insider trading, 2020) FCA 2020-09-01 Insider Trading — unknown
Corporate finance director pleads guilty to conspiring to manipulate market (ASIC, 2020) ASIC 2020-08-28 Price Manipulation — judgment