Market Manipulation. Search

Market manipulation case library

This library records 2,117 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
2,117
Total penalties
$15.4bn
Median penalty
$258k
Agencies
2
Techniques
36

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 608 Ponzi schemes 532 Paid stock promotion 219 Unregistered distributions 136 Pump and dump 121 Undisclosed control blocks 119 Spoofing 114 Wash trading 90 Price manipulation 72 Boiler rooms 71 Reverse merger schemes 66 The naked short selling debate 41 Benchmark submission rigging 32 Matched orders 24 Churning 19 Free riding and parking 18 Fake press releases 16 Layering 15 Newsletter scalping 15 Marking the close 10 Cash versus derivatives schemes 10 Front running 9 Shell factories 8 Chat group pumps 6 False rumours 5 Custodianship shell hijacking 5 Settlement price manipulation 4 Exchange wash trading 3 Banging the close 3 FX fixing 3 Engineered short squeeze 2 Marking the open 1 Rug pulls 1 Insider listing trading 1 Oracle manipulation 1 Float locking 1

By agency

CFTC 349 SEC 1768

By year filed

2026 85 2025 103 2024 182 2023 202 2022 174 2021 142 2020 178 2019 181 2018 221 2017 210 2016 179 2015 205 2014 27 2013 28

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. 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 — 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
SEC v. John Patrick O'Neill (insider trading, 2016) SEC 2016-05-13 Insider Trading — unknown
SEC v. Imran Husain, et al. (paid stock promotion, 2016) SEC 2016-05-12 Paid Stock Promotion , Shell Factories — unknown
SEC v. Louis Martin Blazer III (ponzi schemes, 2016) SEC 2016-05-06 Ponzi Schemes — settled
SEC v. Marquis Properties LLC, Chad Deucher and Richard Clatfelter (ponzi schemes, 2016) SEC 2016-05-05 Ponzi Schemes — filed
SEC v. Santos and Postal & Company, P.C. and Joseph A. Scolaro, CPA (undisclosed control blocks, 2016) SEC 2016-04-29 Undisclosed Control Blocks — judgment
SEC v. Asher Z. Zwebner and Luke C. Zouvas, et al. (paid stock promotion, 2016) SEC 2016-04-26 Paid Stock Promotion , Pump And Dump — unknown
SEC v. Robert Grabowski (boiler rooms, 2016) SEC 2016-04-22 Boiler Rooms — judgment
SEC v. Ener1, Inc. (insider trading, 2016) SEC 2016-04-19 Insider Trading — settled
SEC v. Ariel Quiros, et al. (ponzi schemes, 2016) SEC 2016-04-14 Ponzi Schemes — unknown
SEC v. John Afriyie (insider trading, 2016) SEC 2016-04-14 Insider Trading — unknown
SEC v. Town of Ramapo, et al. (wash trading, 2016) SEC 2016-04-14 Wash Trading — filed
SEC v. William E. Mapp, III, et al. (paid stock promotion, 2016) SEC 2016-04-11 Paid Stock Promotion $200k settled
SEC v. David Aubel and Robert Raffa (paid stock promotion, 2016) SEC 2016-04-07 Paid Stock Promotion — unknown
SEC v. Edward Laborio, et al. (boiler rooms, 2016) SEC 2016-04-07 Boiler Rooms — judgment
CFTC v. CFTC Defendants Heet Khara (spoofing, 2016) CFTC 2016-04-06 Spoofing $2.7m judgment
CFTC v. Staten Island-Resident Michael Pucciarelli and his Company (wash trading, 2016) CFTC 2016-04-06 Wash Trading $280k judgment
SEC v. Steve Pappas (reverse merger schemes, 2016) SEC 2016-04-05 Reverse Merger Schemes $50k judgment
SEC v. John Scott Clark (ponzi schemes, 2016) SEC 2016-03-31 Ponzi Schemes — filed
SEC v. Daniel Rivera, et al. (ponzi schemes, 2016) SEC 2016-03-30 Ponzi Schemes $160k judgment
SEC v. Gibson and Christopher M. (front running, 2016) SEC 2016-03-29 Front Running — unknown
SEC v. Tobin Smith, et al. (paid stock promotion, 2016) SEC 2016-03-29 Paid Stock Promotion $75k settled
SEC v. Arcturus Corporation, et al. (unregistered distributions, 2016) SEC 2016-03-24 Unregistered Distributions — unknown
SEC v. Canaccord Genuity Inc. (reverse merger schemes, 2016) SEC 2016-03-24 Reverse Merger Schemes — settled
SEC v. Guy Gentile (paid stock promotion, 2016) SEC 2016-03-23 Paid Stock Promotion — filed
SEC v. John E. Hardy III (insider trading, 2016) SEC 2016-03-18 Insider Trading $184k settled
SEC v. Cary Lee Peterson, et al. (paid stock promotion, 2016) SEC 2016-03-16 Paid Stock Promotion — filed
SEC v. Eric J. Wolff (insider trading, 2016) SEC 2016-03-16 Insider Trading — settled
SEC v. Mark A. Jones (paid stock promotion, 2016) SEC 2016-03-16 Paid Stock Promotion , Ponzi Schemes — filed
SEC v. Yue Han, et al. (insider trading, 2016) SEC 2016-03-16 Insider Trading — judgment
SEC v. Royal Alliance Associates, Inc. and Sagepoint Financial, Inc. and Fsc Securities Corporation (churning, 2016) SEC 2016-03-14 Churning — settled
SEC v. Aequitas Management, LLC, et al. (ponzi schemes, 2016) SEC 2016-03-11 Ponzi Schemes — dismissed
SEC v. Reed J. Killion, et al. (paid stock promotion, 2016) SEC 2016-03-10 Paid Stock Promotion — judgment
SEC v. Edwin Yoshihiro Fujinaga and MRI International, Inc., et al. (ponzi schemes, 2016) SEC 2016-03-09 Ponzi Schemes — judgment
SEC v. Daryl M. Payton, et al. (insider trading, 2016) SEC 2016-03-02 Insider Trading — filed
SEC v. Craig N. Salamone (insider trading, 2016) SEC 2016-03-01 Insider Trading — settled
SEC v. Zachary Zwerko and David L. Post (insider trading, 2016) SEC 2016-03-01 Insider Trading — judgment
SEC v. Bonan Huang, et al. (insider trading, 2016) SEC 2016-02-26 Insider Trading — judgment
SEC v. Steven Fishoff, et al. (insider trading, 2016) SEC 2016-02-24 Insider Trading — judgment
SEC v. IBC Funds, LLC (unregistered distributions, 2016) SEC 2016-02-19 Unregistered Distributions — settled
SEC v. Nicholas A. Prezioso (insider trading, 2016) SEC 2016-02-19 Insider Trading $131k settled
SEC v. Randy A. Hamdan and Oracle Consultants, LLC (fake press releases, 2016) SEC 2016-02-17 Fake Press Releases , Pump And Dump $150k judgment
SEC v. Abdallah Fadel (insider trading, 2016) SEC 2016-02-10 Insider Trading $36k settled
CFTC v. unnamed respondents (ponzi schemes, 2016) CFTC 2016-02-09 Ponzi Schemes $8.2m judgment
SEC v. Jarrod L. Spector (insider trading, 2016) SEC 2016-02-09 Insider Trading — settled
SEC v. Robert M. Munakash, Carlos A. Rodriguez, and Marc Winters (insider trading, 2016) SEC 2016-02-08 Insider Trading — filed
SEC v. Credit Suisse Securities (USA) LLC (matched orders, 2016) SEC 2016-01-31 Matched Orders — judgment
SEC v. Vlad B. Spivak, et al. (insider trading, 2016) SEC 2016-01-27 Insider Trading — judgment
SEC v. Marquis Properties, LLC (ponzi schemes, 2016) SEC 2016-01-21 Ponzi Schemes — unknown
CFTC v. Defendant Nikolai S. Battoo (ponzi schemes, 2016) CFTC 2016-01-14 Ponzi Schemes $147m judgment
SEC v. Goldman and Sachs & Co. (naked short selling debate, 2016) SEC 2016-01-14 Naked Short Selling Debate — settled
SEC v. Reid A. Hackney, CPA (insider trading, 2016) SEC 2016-01-12 Insider Trading $48.1k settled
SEC v. Vivian S. Shields (insider trading, 2016) SEC 2016-01-04 Insider Trading — settled
SEC v. Bonan Huang, et al. (insider trading, 2015) SEC 2015-12-23 Insider Trading — judgment
SEC v. Michael J. Ling (marking the close, 2015) SEC 2015-12-23 Marking The Close , Matched Orders $100k judgment
SEC v. Danny E. Carpenter (insider trading, 2015) SEC 2015-12-22 Insider Trading — settled
SEC v. Diane D. Dalmy, Esq. (reverse merger schemes, 2015) SEC 2015-12-22 Reverse Merger Schemes , Unregistered Distributions — filed
SEC v. Eric E. Shear (insider trading, 2015) SEC 2015-12-18 Insider Trading — settled
SEC v. Edward Laborio and Jonathan Fraiman (boiler rooms, 2015) SEC 2015-12-16 Boiler Rooms $4m judgment
SEC v. Oxford City Football Club, Inc. and Thomas Anthony Guerriero (boiler rooms, 2015) SEC 2015-12-16 Boiler Rooms — filed
SEC v. Jessica Gilbertson (reverse merger schemes, 2015) SEC 2015-12-15 Reverse Merger Schemes — unknown
SEC v. Jehu Hand and Antonio Katz (paid stock promotion, 2015) SEC 2015-12-11 Paid Stock Promotion , Pump And Dump — filed
CFTC v. Total Gas (price manipulation, 2015) CFTC 2015-12-08 Price Manipulation $3.6m judgment
SEC v. Jeffrey K. Skilling et al. (insider trading, 2015) SEC 2015-12-08 Insider Trading — judgment
SEC v. Trudy R. Gilmond (ponzi schemes, 2015) SEC 2015-12-08 Ponzi Schemes — unknown
SEC v. National Note of Utah and Wayne L. Palmer (ponzi schemes, 2015) SEC 2015-12-04 Ponzi Schemes $1.1m unknown
CFTC v. Arya Motazedi (front running, 2015) CFTC 2015-12-03 Front Running , Insider Trading $100k judgment
SEC v. Homero Joshua Garza (ponzi schemes, 2015) SEC 2015-12-01 Ponzi Schemes — filed
SEC v. James A. Torchia et al. (ponzi schemes, 2015) SEC 2015-12-01 Ponzi Schemes — settled
SEC v. Marwood Group Research, LLC (insider trading, 2015) SEC 2015-11-24 Insider Trading — unknown
SEC v. Steven C. Watson (insider trading, 2015) SEC 2015-11-17 Insider Trading — settled
SEC v. Zhichen Zhou and Yannan Liu (insider trading, 2015) SEC 2015-11-10 Insider Trading — judgment
CFTC v. Navinder Sarao (benchmark submission rigging, 2015) CFTC 2015-11-07 Benchmark Submission Rigging , Ponzi Schemes +3 $1.6m judgment
SEC v. Abraxas J. Discala, Marc E. Wexler, Matthew A. Bell, Craig L. Josephberg, and Ira Shapiro (reverse merger schemes, 2015) SEC 2015-11-04 Reverse Merger Schemes , Unregistered Distributions — judgment
SEC v. Fenway Partners, LLC (undisclosed control blocks, 2015) SEC 2015-11-03 Undisclosed Control Blocks — settled
SEC v. Vlad B. Spivak, et al. (insider trading, 2015) SEC 2015-11-02 Insider Trading — settled
SEC v. William M. Apostelos, et al. (ponzi schemes, 2015) SEC 2015-10-30 Ponzi Schemes — unknown
SEC v. Diverse Financial Corp., et al. (ponzi schemes, 2015) SEC 2015-10-29 Ponzi Schemes — unknown
SEC v. Mary Beth Knight and Rebecca Norton (insider trading, 2015) SEC 2015-10-28 Insider Trading — judgment
SEC v. Summit Trust Company, et al. (ponzi schemes, 2015) SEC 2015-10-27 Ponzi Schemes — judgment
SEC v. James N. Fry (ponzi schemes, 2015) SEC 2015-10-26 Ponzi Schemes — settled
SEC v. Joseph Catapano and Michael Piervinanzi (paid stock promotion, 2015) SEC 2015-10-26 Paid Stock Promotion $44k judgment
SEC v. Vladimir Eydelman (insider trading, 2015) SEC 2015-10-23 Insider Trading $1.2m judgment
CFTC v. John R. Bullar (ponzi schemes, 2015) CFTC 2015-10-21 Ponzi Schemes — unknown
CFTC v. Watson (ponzi schemes, 2015) CFTC 2015-10-21 Ponzi Schemes $27m judgment
CFTC v. Chicago Trader Igor B. Oystacher & His Proprietary Trading Company (spoofing, 2015) CFTC 2015-10-20 Spoofing — unknown
SEC v. Andrew Farmer, et al. (paid stock promotion, 2015) SEC 2015-10-09 Paid Stock Promotion , Pump And Dump — unknown
SEC v. Francis J. van Steenberge and Nicolas Zanen (insider trading, 2015) SEC 2015-10-09 Insider Trading — judgment
SEC v. Allen Ross Smith (unregistered distributions, 2015) SEC 2015-10-08 Unregistered Distributions $43.3k judgment
SEC v. Briargate Trading, LLC and and Eric Oscher (spoofing, 2015) SEC 2015-10-08 Spoofing — judgment
SEC v. Garfield Taylor, Inc., et al. (ponzi schemes, 2015) SEC 2015-10-08 Ponzi Schemes $150k judgment
SEC v. Wolverine Trading, LLC and and Wolverine Asset Management, LLC (insider trading, 2015) SEC 2015-10-08 Insider Trading , Naked Short Selling Debate — settled
SEC v. Oscar Wu (insider trading, 2015) SEC 2015-10-07 Insider Trading — settled
SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015) SEC 2015-10-01 Boiler Rooms , Unregistered Distributions — unknown
SEC v. Saleem Khan et al. (insider trading, 2015) SEC 2015-10-01 Insider Trading — judgment
SEC v. Spencer Pharmaceutical Inc., Jean-François Amyot, Maximilien Arella, Ian Morrice, IAB Media Inc., and Hilbroy Advisory Inc. (pump and dump, 2015) SEC 2015-10-01 Pump And Dump — judgment