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. Taino Adrian Lopez, Alexander Farhang Mehr, and Maya Rose Burkenroad (ponzi schemes, 2025) SEC 2025-09-25 Ponzi Schemes — filed
SEC v. Arthur P. Pizzello. Jr. and Robert Quattrocchi (insider trading, 2025) SEC 2025-09-23 Insider Trading — 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 (ponzi schemes, 2025) SEC 2025-09-22 Ponzi Schemes — judgment
CFTC v. Shinhan Securities Co. Ltd. (wash trading, 2025) CFTC 2025-09-17 Wash Trading $213k judgment
SEC v. Justin R. Kimbrough and Prosperity Consultants, LLC (ponzi schemes, 2025) SEC 2025-09-17 Ponzi Schemes — judgment
SEC v. Allen C. Giltman (spoofing, 2025) SEC 2025-09-12 Spoofing — judgment
CFTC v. Brett Falloon (spoofing, 2025) CFTC 2025-09-09 Spoofing $200k judgment
SEC v. Henry Paul Regan, Jr. (ponzi schemes, 2025) SEC 2025-09-09 Ponzi Schemes — filed
SEC v. Arsalan Rawjani and others (ponzi schemes, 2025) SEC 2025-09-08 Ponzi Schemes — unknown
SEC v. Austin D. Ellison-Meade (ponzi schemes, 2025) SEC 2025-09-05 Ponzi Schemes — judgment
SEC v. Calvin Guess and others (ponzi schemes, 2025) SEC 2025-09-05 Ponzi Schemes $236k judgment
SEC v. FibroGen, Inc. (paid stock promotion, 2025) SEC 2025-09-05 Paid Stock Promotion — settled
SEC v. Ryan Squillante (insider trading, 2025) SEC 2025-09-05 Insider Trading — settled
SEC v. Daryl F. Heller and others (ponzi schemes, 2025) SEC 2025-09-03 Ponzi Schemes — filed
SEC v. David J. Minson (insider trading, 2025) SEC 2025-08-22 Insider Trading — settled
SEC v. Rouzbeh “Ross” Haghighat and others (insider trading, 2025) SEC 2025-08-22 Insider Trading — filed
SEC v. Justin Chen and Jun Zhen (insider trading, 2025) SEC 2025-08-21 Insider Trading — judgment
SEC v. Stock Purse Trading LLC and others (ponzi schemes, 2025) SEC 2025-08-21 Ponzi Schemes — settled
SEC v. Brent Cranmer and others (insider trading, 2025) SEC 2025-08-18 Insider Trading — unknown
SEC v. Robert Alan Yedid, Andrew Kaufman, Mark Jacobs (insider trading, 2025) SEC 2025-08-18 Insider Trading — settled
SEC v. Wendy Swensen (ponzi schemes, 2025) SEC 2025-08-18 Ponzi Schemes — judgment
SEC v. Ryan R. Wear and others (ponzi schemes, 2025) SEC 2025-08-15 Ponzi Schemes — filed
SEC v. Bruce Cameron Conway (insider trading, 2025) SEC 2025-08-11 Insider Trading — unknown
SEC v. Ryan N. Cole (spoofing, 2025) SEC 2025-08-11 Spoofing — judgment
SEC v. Doron A. Tavlin, Afshin Farahan, and David Gantman (insider trading, 2025) SEC 2025-08-06 Insider Trading — judgment
SEC v. Anthony Finale (insider trading, 2025) SEC 2025-08-01 Insider Trading — settled
SEC v. Vincent Barbuto (insider trading, 2025) SEC 2025-08-01 Insider Trading $19.9k settled
SEC v. Dishant Gupta (insider trading, 2025) SEC 2025-07-30 Insider Trading — judgment
SEC v. Jose D. Rocha (ponzi schemes, 2025) SEC 2025-07-30 Ponzi Schemes — judgment
SEC v. Brian M. Kashman (insider trading, 2025) SEC 2025-07-22 Insider Trading — judgment
SEC v. Edwin Brant Frost IV and First Liberty Building & Loan LLC (ponzi schemes, 2025) SEC 2025-07-22 Ponzi Schemes — settled
SEC v. Edwin Emmett Lickiss, Jr. (ponzi schemes, 2025) SEC 2025-07-22 Ponzi Schemes — filed
SEC v. Robert Brian Thompson (insider trading, 2025) SEC 2025-07-21 Insider Trading — judgment
SEC v. Suyun Gu, et al. (wash trading, 2025) SEC 2025-07-21 Wash Trading — judgment
SEC v. Eric J. Watson (insider trading, 2025) SEC 2025-07-15 Insider Trading — dismissed
SEC v. Diana Mae Fernandez (paid stock promotion, 2025) SEC 2025-07-11 Paid Stock Promotion , Ponzi Schemes — judgment
SEC v. Trijya Vakil and Neeraj Visen (insider trading, 2025) SEC 2025-07-11 Insider Trading — judgment
SEC v. William A. Justice, Keith A. Rosenbaum, Brian D. Shibley, and Randell R. Torno (pump and dump, 2025) SEC 2025-07-10 Pump And Dump — judgment
SEC v. Eduardo Hernandez (free riding and parking, 2025) SEC 2025-07-03 Free Riding And Parking — judgment
SEC v. Benjamin Ballout and Mohamed Zayed (pump and dump, 2025) SEC 2025-06-20 Pump And Dump $461k judgment
SEC v. Ongkaruck Sripetch, et al. (pump and dump, 2025) SEC 2025-06-20 Pump And Dump , Unregistered Distributions — dismissed
SEC v. Peter Scalise III and The3rdBevco Inc. (unregistered distributions, 2025) SEC 2025-06-17 Unregistered Distributions $236k judgment
CFTC v. Agridime LLC (ponzi schemes, 2025) CFTC 2025-06-16 Ponzi Schemes $100m judgment
SEC v. Jack Brewer (insider trading, 2025) SEC 2025-06-10 Insider Trading — filed
SEC v. Medallion Financial Corp., Andrew Murstein, Lawrence Meyers, and Ichabod’s Cranium, Inc. (paid stock promotion, 2025) SEC 2025-06-06 Paid Stock Promotion $3m judgment
SEC v. Kronus Financial Corporation, Finser International Corporation, Andrew H. Jacobus (ponzi schemes, 2025) SEC 2025-05-29 Ponzi Schemes — filed
SEC v. Christopher Aubin and others (ponzi schemes, 2025) SEC 2025-05-27 Ponzi Schemes — filed
SEC v. Joel J. Natario and Jefferson Scott Baker (ponzi schemes, 2025) SEC 2025-05-23 Ponzi Schemes — unknown
SEC v. Kenneth Mattson and Relief Defendant KS Mattson Partners LP (ponzi schemes, 2025) SEC 2025-05-23 Ponzi Schemes — filed
SEC v. Kenneth W. Alexander II and others (ponzi schemes, 2025) SEC 2025-05-02 Ponzi Schemes — filed
SEC v. Jenni Yoon Jeong Lee (a/k/a Jenni Lee Or Yoon Jeong Lee) and Evergreen Property Developments LLC (ponzi schemes, 2025) SEC 2025-04-30 Ponzi Schemes — unknown
SEC v. Ramil Ventura Palafox (ponzi schemes, 2025) SEC 2025-04-29 Ponzi Schemes — filed
SEC v. Marshall E. Melton and Integrated Consulting & Management, LLC (paid stock promotion, 2025) SEC 2025-04-24 Paid Stock Promotion — unknown
SEC v. Saeid Jaberian (pump and dump, 2025) SEC 2025-04-17 Pump And Dump — unknown
SEC v. Milan V. Patel (false rumors, 2025) SEC 2025-04-11 False Rumors — judgment
SEC v. Emergent BioSolutions, Inc. (paid stock promotion, 2025) SEC 2025-04-07 Paid Stock Promotion — settled
SEC v. Eamma Safi and Zhi Ge a/k/a Josh Ge (insider trading, 2025) SEC 2025-03-14 Insider Trading — unknown
SEC v. Ronald Pallek (ponzi schemes, 2025) SEC 2025-03-11 Ponzi Schemes — filed
SEC v. George N. Demos (insider trading, 2025) SEC 2025-03-10 Insider Trading — settled
SEC v. Rey D. Acosta (free riding and parking, 2025) SEC 2025-03-06 Free Riding And Parking $15k judgment
SEC v. Jeffrey Suchecki (insider trading, 2025) SEC 2025-03-04 Insider Trading $64.6k settled
SEC v. Robert Allen Stanford and others (ponzi schemes, 2025) SEC 2025-02-24 Ponzi Schemes $5.9bn judgment
SEC v. Thurman P. Bryant, III and others (ponzi schemes, 2025) SEC 2025-02-20 Ponzi Schemes — judgment
SEC v. Charlie Jinan Chen (insider trading, 2025) SEC 2025-02-13 Insider Trading — judgment
CFTC v. Rashawn Russell (ponzi schemes, 2025) CFTC 2025-02-10 Ponzi Schemes $1.5m judgment
SEC v. Anthony Marsico and others (insider trading, 2025) SEC 2025-02-10 Insider Trading — settled
SEC v. Airborne Wireless Network and others (pump and dump, 2025) SEC 2025-02-07 Pump And Dump , Undisclosed Control Blocks — judgment
SEC v. Frank T. Poerio, Jr. (insider trading, 2025) SEC 2025-02-06 Insider Trading — judgment
SEC v. Andre Wong (insider trading, 2025) SEC 2025-02-04 Insider Trading — judgment
CFTC v. Roberto Pulido (paid stock promotion, 2025) CFTC 2025-01-27 Paid Stock Promotion $685k judgment
SEC v. John A. Heropoulos (insider trading, 2025) SEC 2025-01-24 Insider Trading — settled
SEC v. Kenneth G. Miccio (insider trading, 2025) SEC 2025-01-24 Insider Trading $10k settled
SEC v. Gabriel Rebeiz (insider trading, 2025) SEC 2025-01-22 Insider Trading $361k judgment
SEC v. Karina N. Fernandez (ponzi schemes, 2025) SEC 2025-01-21 Ponzi Schemes — settled
SEC v. Barry A. Ruffalo (insider trading, 2025) SEC 2025-01-17 Insider Trading — settled
SEC v. Investview, Inc. (unregistered distributions, 2025) SEC 2025-01-17 Unregistered Distributions — settled
SEC v. Naufal Sanaullah (ponzi schemes, 2025) SEC 2025-01-17 Ponzi Schemes — settled
SEC v. Robert L. Ruffalo and others (insider trading, 2025) SEC 2025-01-17 Insider Trading — settled
SEC v. William R. Ruffalo (insider trading, 2025) SEC 2025-01-17 Insider Trading $108k settled
SEC v. Eric Zhu (rug pulls, 2025) SEC 2025-01-16 Rug Pulls — settled
SEC v. Alfred V. Tobia, Jr. and Elizabeth Lee (insider trading, 2025) SEC 2025-01-14 Insider Trading — settled
SEC v. Hari Prasad Sure, et al. (insider trading, 2025) SEC 2025-01-14 Insider Trading — judgment
SEC v. Robinhood Financial LLC and Robinhood Securities, LLC (naked short selling debate, 2025) SEC 2025-01-13 Naked Short Selling Debate , Spoofing — settled
SEC v. SpeedRoute LLC (layering, 2025) SEC 2025-01-10 Layering , Pump And Dump +2 — settled
SEC v. Michael Caridi (paid stock promotion, 2025) SEC 2025-01-08 Paid Stock Promotion $180k judgment
SEC v. David S. Sargent (insider trading, 2025) SEC 2025-01-07 Insider Trading $215k judgment
SEC v. Joseph M. Dupont and others (insider trading, 2025) SEC 2025-01-03 Insider Trading — judgment
SEC v. Dale B. Chappell, et al. (insider trading, 2024) SEC 2024-12-31 Insider Trading — unknown
SEC v. Silver Point Capital, L.P. (insider trading, 2024) SEC 2024-12-20 Insider Trading — filed
SEC v. Tai Mo Shan Limited (unregistered distributions, 2024) SEC 2024-12-20 Unregistered Distributions — settled
SEC v. Curt L Dewitz (insider trading, 2024) SEC 2024-12-19 Insider Trading — judgment
SEC v. Ronald Bauer et al. (pump and dump, 2024) SEC 2024-12-19 Pump And Dump — judgment
SEC v. Ken Peterman (insider trading, 2024) SEC 2024-12-18 Insider Trading — unknown
SEC v. Sai-Hong Ignatius Ou (insider trading, 2024) SEC 2024-12-18 Insider Trading $1.5m judgment
SEC v. David Chong Kyi (insider trading, 2024) SEC 2024-12-17 Insider Trading $125k settled
SEC v. Allen Y. Hsu, Esq. (ponzi schemes, 2024) SEC 2024-12-13 Ponzi Schemes $233k judgment
SEC v. Zachary Stevenson (spoofing, 2024) SEC 2024-12-13 Spoofing $150k settled
CFTC v. Storm Bryant (ponzi schemes, 2024) CFTC 2024-12-11 Ponzi Schemes $3.9m judgment
SEC v. Frederick Tayton Dencer, et al. (ponzi schemes, 2024) SEC 2024-12-11 Ponzi Schemes — filed