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. Bin Hao and Qidian LLC (ponzi schemes, 2026) SEC 2026-03-17 Ponzi Schemes $236k judgment
SEC v. Paul W. Jorgensen (insider trading, 2026) SEC 2026-03-17 Insider Trading — settled
SEC v. Canaccord Genuity LLC (suspicious activity reporting, 2026) SEC 2026-03-06 $20m settled
SEBI v. Zuari Agro Chemicals Limited and others (settlement, misstated accounts, 2026) SEBI (India) 2026-03-05 Misleading Issuer Disclosure — settled
SEC v. Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., Rainberry, Inc., and DeAndre Cortez Way (wash trading, 2026) SEC 2026-03-05 Wash Trading $10m settled
SEC v. Zachary Miller (unregistered distributions, 2026) SEC 2026-03-05 Unregistered Distributions — settled
SEBI v. Mediaone Global Entertainment Ltd. and others (diverted funds and false accounts, 2026) SEBI (India) 2026-02-27 Misleading Issuer Disclosure , Price Manipulation — judgment
SEBI v. Arcotech Limited and others (preferential allotment funded by company money, 2026) SEBI (India) 2026-02-27 Misleading Issuer Disclosure — judgment
SEC v. Joel Castellanos (ponzi schemes, 2026) SEC 2026-02-24 Ponzi Schemes $150k judgment
SEC v. Joseph C. Lewis, Carolyn W. Carter, Patrick J. O’Connor, and Bryan L. Waugh (insider trading, 2026) SEC 2026-02-24 Insider Trading $1.9m judgment
SEBI v. Oriental Trimex Limited and others (fictitious sales in financial statements, 2026) SEBI (India) 2026-02-18 Misleading Issuer Disclosure — judgment
SEC v. Martin Tuncaydin (insider trading, 2026) SEC 2026-02-13 Insider Trading $27.2k settled
SEBI v. Harsha Ishvarbhai Solanki and others (trading in ANI Integrated Services, 2026) SEBI (India) 2026-02-12 Price Manipulation , Matched Orders — judgment
SEC v. Epic Capital Wealth Advisors, LLC (2026) SEC 2026-02-11 — judgment
SEBI v. Yayaati Hasmukhray Nada and others (Telegram stock tips, Unison Metals, 2026) SEBI (India) 2026-02-05 Chat Group Pumps , Social Media Ramps — judgment
SEBI v. Setco Automotive Limited and others (diversion of funds and concealed commission, 2026) SEBI (India) 2026-02-05 Misleading Issuer Disclosure — judgment
SEC v. Gerald Shvartsman and others (insider trading, 2026) SEC 2026-02-05 Insider Trading — judgment
SEC v. Marat Likhtenstein (ponzi schemes, 2026) SEC 2026-02-05 Ponzi Schemes — settled
SEC v. Ryan Squillante (insider trading, 2026) SEC 2026-02-05 Insider Trading — judgment
SEC v. Brett Rosen and others (social media ramps, 2026) SEC 2026-02-04 Social Media Ramps — filed
CFTC v. Matthew Clark (insider trading, 2026) CFTC 2026-02-02 Insider Trading — settled
SEC v. Kevin A. Van de Grift (insider trading, 2026) SEC 2026-01-30 Insider Trading $298k judgment
SEC v. Satish Appalakutty and others (ponzi schemes, 2026) SEC 2026-01-29 Ponzi Schemes — filed
FCA v. Bhavesh Hirani (insider trading, 2026) FCA 2026-01-27 Insider Trading — unknown
FCA v. Dipesh Kerai (insider trading, 2026) FCA 2026-01-27 Insider Trading — settled
SEC v. Mark A. Miller, Saeid Jaberian and Christopher J. Rajkaran (pump and dump, 2026) SEC 2026-01-27 Pump And Dump — judgment
SEC v. Brian J. Suthoff (insider trading, 2026) SEC 2026-01-26 Insider Trading $19.7k settled
Fund manager sentenced to 6 years’ jail in $3 million Platinum Asset Management insider trading case (ASIC, 2026) ASIC 2026-01-23 Insider Trading — judgment
SEC v. Mohit Verma (insider trading, 2026) SEC 2026-01-21 Insider Trading $41k settled
SEC v. Song Yuan (insider trading, 2026) SEC 2026-01-21 Insider Trading $65.6k settled
CFTC v. Gregg Smith and Michael Nowak (spoofing, 2026) CFTC 2026-01-16 Spoofing $350k judgment
SEBI v. Ashish S Parekh and others (front running of a large client's orders, 2026) SEBI (India) 2026-01-16 Front Running — judgment
SEBI v. Niraj Dhanraj Chhajer and Deepti Chhajer (insider trading, Torrent Power, 2026) SEBI (India) 2026-01-16 Insider Trading — judgment
SEC v. Hong (John) Wang and Precision Clinical Consulting, LLC (insider trading, 2026) SEC 2026-01-15 Insider Trading — filed
SEC v. Bernardo Mendia-Alcaraz and Toltec Capital LLC (ponzi schemes, 2026) SEC 2026-01-06 Ponzi Schemes $2.2m judgment
SEC v. Muhammad Saad Shoukat and others (fake press releases, 2026) SEC 2026-01-06 Fake Press Releases , Insider Trading — filed
SEBI adjudication orders on illiquid stock options at BSE (2026 batch) SEBI (India) 2026-01-05 Matched Orders — judgment
SEBI v. Usha Devi and others (price and volume manipulation of DU Digital Technologies, 2025) SEBI (India) 2025-12-31 Price Manipulation , Matched Orders +1 — judgment
SEBI v. Paresh Nathalal Chauhan (Timbor Home bulk-SMS share scheme, remand order, 2025) SEBI (India) 2025-12-31 Price Manipulation , Pump And Dump — judgment
SEC v. David J. Bradford and Gerardo L. Linarducci (ponzi schemes, 2025) SEC 2025-12-30 Ponzi Schemes — filed
SEC v. Bryan Scott McMillan (insider trading, 2025) SEC 2025-12-23 Insider Trading $122k judgment
SEC v. David Hudzik (unregistered distributions, 2025) SEC 2025-12-23 Unregistered Distributions $70k judgment
Market riggers sentenced in ASX ‘pump and dump’ case (ASIC, 2025) ASIC 2025-12-22 Chat Group Pumps , Pump And Dump — judgment
FCA v. Russel Gerrity (insider trading, 2025) FCA 2025-12-19 Insider Trading — settled
SEBI v. Manish Mishra and others (YouTube promotion of GG Engineering, 2025) SEBI (India) 2025-12-19 Social Media Ramps , Spoofing — judgment
SEC v. George John Drazenovic (pump and dump, 2025) SEC 2025-12-19 Pump And Dump $236k settled
SEBI v. Anil Arora and others (alleged leak of results to adviser, Mawana Sugars, 2025) SEBI (India) 2025-12-17 Insider Trading — dismissed
SEC v. Mina Tadrus (ponzi schemes, 2025) SEC 2025-12-17 Ponzi Schemes — judgment
SEC v. Artur Khachatryan (spoofing, 2025) SEC 2025-12-16 Spoofing $112k settled
Victorian man sentenced in market manipulation case (ASIC, 2025) ASIC 2025-12-12 Price Manipulation , Wash Trading — judgment
SEBI v. Pranav Vinod Adani and others (insider trading, Adani Green Energy, 2025) SEBI (India) 2025-12-12 Insider Trading — dismissed
SEBI v. Anil Jain and others (insider trading, Refex Industries, 2025) SEBI (India) 2025-12-12 Insider Trading — judgment
SEBI v. Vinod Bahety and others (alleged insider trading, Adani Green Energy, 2025) SEBI (India) 2025-12-12 Insider Trading — dismissed
SEBI v. Hemant Ghai (CNBC Awaaz stock recommendations, settlement, 2025) SEBI (India) 2025-12-09 Front Running — settled
SEC v. Virtu Financial, Inc. and Virtu Americas LLC (2025) SEC 2025-12-03 $2.5m judgment
SEBI v. DroneAcharya Aerial Innovations Limited and others (misleading announcements and IPO fund misuse, 2025) SEBI (India) 2025-11-28 Misleading Issuer Disclosure — judgment
SEBI v. Indra Pratap Gajraj Singh (Octant Interactive Technologies circular trading, remand dismissal, 2025) SEBI (India) 2025-11-27 Wash Trading , Price Manipulation — dismissed
SEC v. Solomon Lichtenstein (ponzi schemes, 2025) SEC 2025-11-26 Ponzi Schemes — filed
SEC v. M Holdings Securities, Inc. (customer information safeguards, 2025) SEC 2025-11-25 $325k settled
SEC v. Linh Thuy Le and Trong Hoang Luu (ponzi schemes, 2025) SEC 2025-11-19 Ponzi Schemes — filed
SEC v. Marco G. Santarelli (ponzi schemes, 2025) SEC 2025-11-19 Ponzi Schemes — judgment
SEBI v. Atul Gopeshwar Chaturvedi (front running of Societe Generale orders, settlement, 2025) SEBI (India) 2025-11-18 Front Running — settled
SEC v. Anthony Viggiano, CPA (insider trading, 2025) SEC 2025-11-18 Insider Trading — judgment
SEC v. Cyrus P. Naderi (free riding and parking, 2025) SEC 2025-11-18 Free Riding And Parking $40k judgment
AMF France v. AMA Corporation PLC (false or misleading information, 2025) AMF (France) 2025-11-13 Misleading Issuer Disclosure — settled
AMF France v. Christian Guillemot (false or misleading information, 2025) AMF (France) 2025-11-13 Misleading Issuer Disclosure — settled
SEBI v. Harish Kumar Sakaria (Gala Global Products price manipulation, remand dismissal, 2025) SEBI (India) 2025-11-11 Matched Orders , Price Manipulation — dismissed
SEBI v. Chandrima Mercantiles Limited and others (price and volume manipulation of Quasar India, 2025) SEBI (India) 2025-10-31 Price Manipulation , Wash Trading — judgment
SEBI v. Dilip Kumar Kanoria and others (front running of a proprietary client, 2025) SEBI (India) 2025-10-27 Front Running — judgment
SEBI v. Shankar Tukaram Vadatkar and others (front running of family-trust orders, 2025) SEBI (India) 2025-10-23 Front Running — judgment
OSC v. Ontario Securities Commission v Jessica Tam (insider trading, 2025) OSC 2025-10-22 Insider Trading — settled
SEBI v. A. K. Capital Services Limited and others (DHFL debenture issue, settlement, 2025) SEBI (India) 2025-10-16 — settled
FCA v. Neil Sedgwick Dwane (insider trading, 2025) FCA 2025-10-13 Insider Trading — settled
Victorian man sentenced in Cann Group insider trading case (ASIC, 2025) ASIC 2025-10-06 Insider Trading — judgment
SEBI v. Sunny Bhatia and others (front running of a family-group client, 2025) SEBI (India) 2025-10-06 Front Running — judgment
SEBI v. Manish Chaturvedi and others (front running of Societe Generale orders, settlement, 2025) SEBI (India) 2025-10-06 Front Running — settled
SEBI v. Kushal Rajesh Sheth and others (front running of Marcellus group trades, settlement, 2025) SEBI (India) 2025-10-03 Front Running — settled
SEC v. Agridime, LLC, Jed Wood, and Joshua Link (ponzi schemes, 2025) SEC 2025-09-30 Ponzi Schemes $3.3m judgment
SEBI v. Starlog Enterprises Limited and Saket Agarwal (delayed impairment and misstated losses, 2025) SEBI (India) 2025-09-29 Misleading Issuer Disclosure — judgment
SEBI v. Man Industries (India) Limited and others (misstated consolidated accounts and disguised loans, 2025) SEBI (India) 2025-09-29 Misleading Issuer Disclosure — judgment
SEBI v. Narendra Ramshankar Dubey (last-traded-price contributions, Max Heights Infrastructure, 2025) SEBI (India) 2025-09-26 Price Manipulation — judgment
SEC v. Taino Adrian Lopez, Alexander Farhang Mehr, and Maya Rose Burkenroad (ponzi schemes, 2025) SEC 2025-09-25 Ponzi Schemes — filed
SEBI v. Seacoast Shipping Services Ltd and others (false financial statements and fund diversion, 2025) SEBI (India) 2025-09-24 Misleading Issuer Disclosure — judgment
SEC v. Dmitrii Yevgenyevich Kushnarev (hijacked account ramping, 2025) SEC 2025-09-24 Hijacked Account Ramping — filed
OSC v. Ontario Securities Commission v Huy Le Huynh and Thi Anh Nguyet Pham (insider trading, 2025) OSC 2025-09-23 Insider Trading — settled
SEBI v. Rishi Sudhirbahi Shah (insider trading, Torrent Power, 2025) SEBI (India) 2025-09-23 Insider Trading — settled
SEBI v. Anupam Gupta and Nitin Kumar Garg (insider trading, Nucleus Software Exports, 2025) SEBI (India) 2025-09-23 Insider Trading — judgment
SEC v. Arthur P. Pizzello. Jr. and Robert Quattrocchi (insider trading, 2025) SEC 2025-09-23 Insider Trading $153k judgment
SEC v. Aaron O'Brian Freeman (free riding and parking, 2025) SEC 2025-09-22 Free Riding And Parking — filed
SEC v. Pathyam Patel (2025) SEC 2025-09-22 — settled
SEBI v. Shubham Mittal and others (Max Heights Infrastructure share-split proposal, 2025) SEBI (India) 2025-09-22 Misleading Issuer Disclosure , Price Manipulation — judgment
SEBI v. Adani Ports and SEZ Ltd and others (Adicorp loan routing, 2025) SEBI (India) 2025-09-18 Misleading Issuer Disclosure — dismissed
SEBI v. Adani Ports and Special Economic Zone Limited and others (alleged concealed related-party loans, Milestone and Rehvar, 2025) SEBI (India) 2025-09-18 Misleading Issuer Disclosure — dismissed
CFTC v. Shinhan Securities Co. Ltd. (wash trading, 2025) CFTC 2025-09-17 Wash Trading $213k judgment
SEBI v. Panchal Shanti Lal (alleged reversal and synchronized trades, Swan Energy, 2025) SEBI (India) 2025-09-17 Matched Orders , Wash Trading — dismissed
SEC v. Justin R. Kimbrough and Prosperity Consultants, LLC (ponzi schemes, 2025) SEC 2025-09-17 Ponzi Schemes — judgment
SEBI v. Supreet Singh Luthra (insider trading, Adani group shares, 2025) SEBI (India) 2025-09-16 Insider Trading — settled
SEBI v. Ajay Bhatia (insider trading, Adani group shares, 2025) SEBI (India) 2025-09-16 Insider Trading — settled
Melbourne man sentenced in Kidman Resources insider trading case (ASIC, 2025) ASIC 2025-09-15 Insider Trading — judgment
SEC v. Allen C. Giltman (fake certificate-of-deposit fraud, 2025) SEC 2025-09-12 — judgment