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. Artis Capital Management, L.P. and Michael W. Harden (insider trading, 2016) SEC 2016-10-13 Insider Trading $133k dismissed
SEC v. Deutsche Bank Securities Inc. (front running, 2016) SEC 2016-10-12 Front Running , Insider Trading +1 $100k judgment
SEC v. Richard Weed et al. (pump and dump, 2016) SEC 2016-10-04 Pump And Dump , Reverse Merger Schemes — judgment
CFTC v. New Jersey Residents Alcibiades Cifuentes and Jennifer Wee Cifuentes (ponzi schemes, 2016) CFTC 2016-10-01 Ponzi Schemes — filed
SEC v. Ikenna Ikokwu, et al. (ponzi schemes, 2016) SEC 2016-09-30 Ponzi Schemes — filed
SEC v. Jason W. Galanis, et al. (matched orders, 2016) SEC 2016-09-30 Matched Orders — judgment
SEC v. Louis T. Buonocore, Jeremy R. Draper, Frank J. Morelli, III, Berardino "Dino" Paolucci, Jr. and Don L. Rose (matched orders, 2016) SEC 2016-09-30 Matched Orders — settled
SEC v. Marcus A. Luna, et al. (boiler rooms, 2016) SEC 2016-09-30 Boiler Rooms , Pump And Dump — filed
SEC v. Vladimir Eydelman and Steven Metro (insider trading, 2016) SEC 2016-09-30 Insider Trading $1.2m settled
OSC v. Saileshwar Rao Narayan and others (ponzi schemes, 2016) OSC 2016-09-30 Ponzi Schemes — filed
SEC v. Nino Coppero del Valle et al. (insider trading, 2016) SEC 2016-09-29 Insider Trading — filed
SEC v. Robert Gadimian (insider trading, 2016) SEC 2016-09-29 Insider Trading — filed
CFTC v. Advanced Trading Workshop (newsletter scalping, 2016) CFTC 2016-09-28 Newsletter Scalping $470k judgment
CFTC v. SG Americas Securities (wash trading, 2016) CFTC 2016-09-28 Wash Trading $750k judgment
SEC v. Craig V. Sizer, and Miguel Mesa (boiler rooms, 2016) SEC 2016-09-28 Boiler Rooms — settled
SEC v. Jason A. Wallace (boiler rooms, 2016) SEC 2016-09-27 Boiler Rooms , Paid Stock Promotion +1 — filed
SEC v. Frank P. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading $31.3k settled
SEC v. Frank S. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading $56k settled
SEC v. Syed A. Hashim (insider trading, 2016) SEC 2016-09-26 Insider Trading $35.7k settled
SEC v. Vijay S. Rajan (insider trading, 2016) SEC 2016-09-26 Insider Trading $27.9k settled
SEC v. Colin Whelehan and Sheren Tsai (insider trading, 2016) SEC 2016-09-22 Insider Trading — settled
SEC v. Frank Tamayo (insider trading, 2016) SEC 2016-09-21 Insider Trading — settled
SEC v. Saleem Khan et al. (insider trading, 2016) SEC 2016-09-21 Insider Trading — judgment
Former Sydney investment banker charged with procuring insider trading (ASIC, 2016) ASIC 2016-09-20 Insider Trading — filed
CFTC v. JSC VTB Bank and VTB Capital PLC Jointly (wash trading, 2016) CFTC 2016-09-20 Wash Trading $5m judgment
SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-09-20 Ponzi Schemes — unknown
SEC v. Bodden and Cliffe R. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Fusion Pharm, Inc. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Microcap Management LLC Bayside Realty Holdings LLC Meadpoint Venture Partners, LLC (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Sears and William J. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Tod A. Ditommaso, Esq. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks , Unregistered Distributions — unknown
SEC v. Steven Metro (insider trading, 2016) SEC 2016-09-14 Insider Trading — unknown
SEC v. BOKF, NA (ponzi schemes, 2016) SEC 2016-09-09 Ponzi Schemes $600k judgment
SEC v. Dennis W. Hamilton (insider trading, 2016) SEC 2016-09-07 Insider Trading — filed
SEC v. Contrarian Press, LLC, Scott S. Fraser, and Nathan Yeung (paid stock promotion, 2016) SEC 2016-09-06 Paid Stock Promotion — filed
SEC v. Dennis Wayne Hamilton (insider trading, 2016) SEC 2016-08-30 Insider Trading — filed
Former director of joint venture partner charged with insider trading offences (ASIC, 2016) ASIC 2016-08-26 Insider Trading — filed
FCA v. Peter Charles Johnson Individual (benchmark submission rigging, 2016) FCA 2016-08-26 Benchmark Submission Rigging — filed
SEC v. Edward F. Panos, et al. (pump and dump, 2016) SEC 2016-08-25 Pump And Dump — unknown
SEC v. Cedric Cañas Maillard (insider trading, 2016) SEC 2016-08-24 Insider Trading — judgment
SEC v. Peterson and Curtis A. (ponzi schemes, 2016) SEC 2016-08-23 Ponzi Schemes $7.5k settled
SEC v. Richard Weed et al. (pump and dump, 2016) SEC 2016-08-23 Pump And Dump , Reverse Merger Schemes — unknown
SEC v. John W.R. Miller (reverse merger schemes, 2016) SEC 2016-08-22 Reverse Merger Schemes $50k settled
SEC v. J. Patrick O'Neill and Robert H. Bray (insider trading, 2016) SEC 2016-08-18 Insider Trading — judgment
SEC v. Sean Stewart (insider trading, 2016) SEC 2016-08-18 Insider Trading — filed
CFTC v. unnamed respondents (insider trading, 2016) CFTC 2016-08-17 Insider Trading — judgment
SEC v. Damon M. Barnes and Cathy S. Barnes (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. Daniel J. Bean (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes $7.5k settled
SEC v. Jeremy D. Barnes (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. John L. Shipley (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes $7.5k settled
SEC v. Joshua M. Beauregard and Jennifer M. Beauregard (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. Paul T. Rampoldi , et al. (insider trading, 2016) SEC 2016-08-12 Insider Trading — filed
SEC v. Patrick Churchville (ponzi schemes, 2016) SEC 2016-08-05 Ponzi Schemes — filed
SEC v. Edward J. Kosinski (insider trading, 2016) SEC 2016-08-04 Insider Trading — filed
SEC v. Dubovoy et al.: Leonid Momotok guilty plea (hack to trade, 2016) SEC 2016-08-04 Hack To Trade — filed
CFTC v. John D. Briner (custodianship shell hijacking, 2016) CFTC 2016-08-03 Custodianship Shell Hijacking $280k judgment
SEC v. Diane D. Dalmy, Esq. (pump and dump, 2016) SEC 2016-07-29 Pump And Dump , Reverse Merger Schemes +1 — dismissed
SEC v. Traffic Monsoon et al. (ponzi schemes, 2016) SEC 2016-07-28 Ponzi Schemes — filed
SEC v. Jeffery A. McCollum and JNL Oilfield Instruments, LLC (ponzi schemes, 2016) SEC 2016-07-27 Ponzi Schemes $160k settled
SEC v. Herbert K. Sudfeld, Jr. (insider trading, 2016) SEC 2016-07-26 Insider Trading — unknown
SEC v. Yi Chen, CPA (insider trading, 2016) SEC 2016-07-26 Insider Trading — settled
SEC v. Thomas D. Melvin, et al. (insider trading, 2016) SEC 2016-07-25 Insider Trading — judgment
SEC v. Blount and John Steven (ponzi schemes, 2016) SEC 2016-07-22 Ponzi Schemes — unknown
FCA v. Gavin Duncan Paul Breeze (insider trading, 2016) FCA 2016-07-15 Insider Trading — settled
SEC v. Sellers and others (ponzi schemes, 2016) SEC 2016-07-14 Ponzi Schemes — judgment
CFTC v. Defendants Matthew J. Marcus (custodianship shell hijacking, 2016) CFTC 2016-07-08 Custodianship Shell Hijacking $250k judgment
SEC v. Thomas W. Avent, Jr., Raymond J. Pirrello, Jr., and Lawrence J. Penna (insider trading, 2016) SEC 2016-07-08 Insider Trading — filed
CFTC v. Naples (ponzi schemes, 2016) CFTC 2016-07-06 Ponzi Schemes $7.5m judgment
SEC v. Luis Martin-Caro Sanchez (insider trading, 2016) SEC 2016-07-05 Insider Trading — filed
CFTC v. Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Entities (ponzi schemes, 2016) CFTC 2016-06-29 Ponzi Schemes — filed
SEC v. Andrew F. Kerr (insider trading, 2016) SEC 2016-06-29 Insider Trading — filed
SEC v. Chris Faulkner, et. al (price manipulation, 2016) SEC 2016-06-24 Price Manipulation — filed
SEC v. Malcolm Segal (ponzi schemes, 2016) SEC 2016-06-24 Ponzi Schemes — judgment
SEC v. Idris D. Mustapha (hijacked account ramping, 2016) SEC 2016-06-22 Hijacked Account Ramping — filed
SEC v. Mitchell Brown (pump and dump, 2016) SEC 2016-06-21 Pump And Dump — judgment
SEC v. James S. Hannon (insider trading, 2016) SEC 2016-06-20 Insider Trading — judgment
SEC v. StratoComm Corporation, et al. (unregistered distributions, 2016) SEC 2016-06-17 Unregistered Distributions $100k appealed
SEC v. Christopher Salis, Douglas Miller, Edward Miller, and Barrett Biehl (insider trading, 2016) SEC 2016-06-16 Insider Trading — filed
SEC v. Andrew K. Proctor, et al. (pump and dump, 2016) SEC 2016-06-14 Pump And Dump $910k judgment
SEC v. 2 West, Inc. (rule 105 offering shorts, 2016) SEC 2016-06-14 Rule 105 Offering Shorts $707k settled
SEC v. Providence Financial Investments, Inc., Providence Fixed Income Fund, LLC, Jeffory Churchfield, and Jack Jarrell (unregistered distributions, 2016) SEC 2016-06-13 Unregistered Distributions — judgment
SEC v. Wayne L. Palmer (ponzi schemes, 2016) SEC 2016-06-13 Ponzi Schemes $900k judgment
SEC v. Dynkowski, et al. (pump and dump, 2016) SEC 2016-06-09 Pump And Dump $83.2k judgment
SEC v. Guolin Ma (insider trading, 2016) SEC 2016-06-09 Insider Trading — settled
SEC v. Michael J. Maciocio and David P. Hobson (insider trading, 2016) SEC 2016-06-08 Insider Trading — filed
SEC v. Vinay Kumar Nevatia (naked short selling debate, 2016) SEC 2016-06-07 Naked Short Selling Debate — judgment
SEC v. Richard Grossman (insider trading, 2016) SEC 2016-06-06 Insider Trading — judgment
CFTC v. Haena Park and Her Companies Phaetra Capital GP LLC (ponzi schemes, 2016) CFTC 2016-06-04 Ponzi Schemes — filed
Sydney man jailed on insider trading charges (ASIC, 2016) ASIC 2016-06-03 Insider Trading — filed
SEC v. Peter D. Nunan (insider trading, 2016) SEC 2016-06-03 Insider Trading $255k settled
OSC v. Andrei Miguel Postrado (insider trading, 2016) OSC 2016-06-03 Insider Trading — unknown
SEC v. Spongetech Delivery Systems, Inc., et al. (pump and dump, 2016) SEC 2016-06-02 Pump And Dump $100k judgment
SEC v. Albert Fried & Company, LLC (paid stock promotion, 2016) SEC 2016-06-01 Pump And Dump $300k settled
SEC v. Steven V. McClatchey and Gary J. Pusey (insider trading, 2016) SEC 2016-06-01 Insider Trading — judgment
SEC v. JSG Capital Investments, LLC, et al. (ponzi schemes, 2016) SEC 2016-05-31 Ponzi Schemes — filed
SEC v. David B. Kaplan, Esq., et al. (ponzi schemes, 2016) SEC 2016-05-27 Ponzi Schemes — unknown
SEC v. Federated Global Investment Management Corp. (insider trading, 2016) SEC 2016-05-27 Insider Trading $1.5m settled
CFTC v. Citibank (benchmark submission rigging, 2016) CFTC 2016-05-26 Benchmark Submission Rigging , Price Manipulation $175m judgment
SEC v. Christopher R. Esposito, et al. (paid stock promotion, 2016) SEC 2016-05-26 Paid Stock Promotion — filed
OSC v. Fernando Postrado (insider trading, 2016) OSC 2016-05-17 Insider Trading — unknown