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. Jehu Hand, et al. (pump and dump, 2019) SEC 2019-08-16 Pump And Dump — judgment
SEC v. Samuel Brown, et al. (price manipulation, 2019) SEC 2019-08-16 Price Manipulation — judgment
SEC v. Lorenz Erne (insider trading, 2019) SEC 2019-08-15 Insider Trading $79.6k settled
SEC v. Thomas W. Avent, Jr., et al. (insider trading, 2019) SEC 2019-08-15 Insider Trading — judgment
CFTC v. International Enterprise (rigged binary options execution, 2019) CFTC 2019-08-12 Rigged Binary Options Execution $339m judgment
CFTC v. Cohen (Yukom Communications, rigged binary options execution, 2024) CFTC 2019-08-12 Rigged Binary Options Execution — settled
SEC v. Mark E. Burns (price manipulation, 2019) SEC 2019-08-12 EDGAR Filing Fraud , Price Manipulation +1 $60k judgment
SEC v. Reginald Middleton and Veritaseum (price manipulation, 2019) SEC 2019-08-12 Price Manipulation $1m judgment
SEC v. Tanmaya Kabra, et al. (2019) SEC 2019-08-08 — settled
SEC v. Imran Husain, et al. (shell factories, 2019) SEC 2019-08-06 Shell Factories — judgment
CFTC v. Benjamin Cox (spoofing, 2019) CFTC 2019-07-31 Spoofing $150k judgment
SEC v. James W. Holden (insider trading, 2019) SEC 2019-07-31 Insider Trading $18.5k settled
SEC v. Beaufort Secs. Ltd. and Kyriacou. (pump and dump, 2019) SEC 2019-07-29 Matched Orders , Pump And Dump — judgment
SEC v. Christopher Plaford (insider trading, 2019) SEC 2019-07-29 Insider Trading , Mismarking — judgment
CFTC v. Corey D. Flaum (price manipulation, 2019) CFTC 2019-07-25 Price Manipulation , Spoofing — settled
SEC v. Balaji Sundarraj and David O'brien (insider trading, 2019) SEC 2019-07-23 Insider Trading $57.9k settled
SEC v. Carol J. Wayland, et al. (boiler rooms, 2019) SEC 2019-07-19 Boiler Rooms , Unregistered Distributions $465k judgment
SEC v. Garrett M. O'Rourke and Michael J. Black (pump and dump, 2019) SEC 2019-07-19 Pump And Dump — settled
CFTC v. Swapnil Rege (mismarking, 2019) CFTC 2019-07-18 Mismarking $100k settled
SEC v. Jun Ying (insider trading, 2019) SEC 2019-07-18 Insider Trading — judgment
SEC v. Mark Loman (insider trading, 2019) SEC 2019-07-18 Insider Trading — unknown
SEC v. William J. Milles, Jr. and Donald J. Lutzko (ponzi schemes, 2019) SEC 2019-07-18 Ponzi Schemes $414k judgment
SEC v. Zev Saltsman, et al. (unregistered distributions, 2019) SEC 2019-07-17 Unregistered Distributions — judgment
SEC v. Henry J. Wieniewitz, III, et al. (ponzi schemes, 2019) SEC 2019-07-15 Ponzi Schemes — settled
Former CEO and director of Sirtex Medical Limited pleads guilty to insider trading (ASIC, 2019) ASIC 2019-07-03 Insider Trading — judgment
SEC v. GT Media, Inc. (unregistered distributions, 2019) SEC 2019-07-01 Unregistered Distributions $173k settled
SEC v. Tory J. R. Schalkle (insider trading, 2019) SEC 2019-07-01 Insider Trading $12.2k settled
CFTC v. Eagle Market Makers, Inc. (wash trading, 2019) CFTC 2019-06-28 Wash Trading $350k judgment
SEC v. Talman Harris and Victor Alfaya (boiler rooms, 2019) SEC 2019-06-28 Boiler Rooms , Pump And Dump $500k judgment
CFTC v. unnamed respondents (ponzi schemes, 2019) CFTC 2019-06-27 Ponzi Schemes — judgment
SEC v. Amrit J. S. Chahal (2019) SEC 2019-06-27 — judgment
SEC v. Henry Sargent, Joseph Tomasek, Patrick Giordano, Frederick Mintz and Alan Fraade (undisclosed control blocks, 2019) SEC 2019-06-27 Undisclosed Control Blocks — filed
SEC v. Matthew A. Krimm, et al. (2019) SEC 2019-06-27 $914k judgment
SEC v. Rajeshwar R. Gannamaneni, Deepthi Gandra, and Linga R. Gannamaneni (insider trading, 2019) SEC 2019-06-27 Insider Trading $376k settled
ASIC v. Steven Oakes (insider trading, 2019) ASIC 2019-06-25 Insider Trading — judgment
CFTC v. Merrill Lynch Commodities (price manipulation, 2019) CFTC 2019-06-25 Price Manipulation , Spoofing $11.5m judgment
SEC v. Avi Chiat (2019) SEC 2019-06-24 $185k judgment
SEC v. Landon M. Smith (ponzi schemes, 2019) SEC 2019-06-24 Ponzi Schemes — settled
SEC v. Andrew J. Kandalepas (marking the close, 2019) SEC 2019-06-21 Marking The Close — judgment
SEC v. Edward Lee Moody, Jr. (ponzi schemes, 2019) SEC 2019-06-21 Ponzi Schemes — judgment
SEC v. Kit Mun Chan, Lau Kean Chong, Chong Poui Fan, Binji Lu, and Youn Chien Wong (matched orders, 2019) SEC 2019-06-21 Matched Orders $775k judgment
CFTC v. Company and its Principal (ponzi schemes, 2019) CFTC 2019-06-18 Ponzi Schemes $429m judgment
SEC v. Raymond Starker (insider trading, 2019) SEC 2019-06-18 Insider Trading $46.3k settled
SEC v. Wedbush Securities, Inc. (2019) SEC 2019-06-18 $2.4m settled
SEC v. Industrial and Commercial Bank of China Financial Services LLC (2019) SEC 2019-06-14 $14.4m settled
SEC v. Roland M. Mathys (insider trading, 2019) SEC 2019-06-13 Insider Trading — unknown
SEC v. Christopher Salis, et al. (insider trading, 2019) SEC 2019-06-12 Insider Trading — judgment
SEC v. Steven Fishoff, et al. (insider trading, 2019) SEC 2019-06-11 Insider Trading $750k judgment
SEC v. Longfin Corp. and Venkata S. Meenavalli, Longfin et. al (unregistered distributions, 2019) SEC 2019-06-05 Unregistered Distributions $6.7m judgment
SEC v. James E. Hocker (ponzi schemes, 2019) SEC 2019-06-04 Ponzi Schemes — judgment
SEC v. Syed Arham Arbab, Artis Proficio Capital Investments, LLC, and Artis Proficio Capital Management, LLC (ponzi schemes, 2019) SEC 2019-06-03 Ponzi Schemes — settled
SEC v. Craig H. Carton, et al. (ponzi schemes, 2019) SEC 2019-05-31 Ponzi Schemes — judgment
FCA v. Terry John Farr (benchmark submission rigging, 2019) FCA 2019-05-29 Benchmark Submission Rigging , Wash Trading — judgment
SEC v. David A. Altom and Gabriel V. Graven (insider trading, 2019) SEC 2019-05-29 Insider Trading $221k settled
SEC v. Robert C. Morgan (ponzi schemes, 2019) SEC 2019-05-23 Ponzi Schemes — settled
SEC v. Howard M. Appel (float locking, 2019) SEC 2019-05-22 Float Locking — judgment
SEC v. Robert S. Davis, Jr., et al. (ponzi schemes, 2019) SEC 2019-05-22 Ponzi Schemes — settled
SEC v. Jonathan H. Seigel, et al. (ponzi schemes, 2019) SEC 2019-05-21 Ponzi Schemes , Unregistered Distributions — settled
SEC v. Mark "Christian" Ramsey (insider trading, 2019) SEC 2019-05-21 Insider Trading — settled
SEC v. David N. Osegueda, Ishmail Calvin Ross, aka Calvin Ross, Zachary R. Logan, and Jessica Snyder, fka Jessica Gutierrez (pump and dump, 2019) SEC 2019-05-20 Pump And Dump $1.5m settled
SEC v. Andrew I. Farmer, Scott R. Sieck, Eddie D. Austin, Jr., Carolyn P. Austin, and John D. Brotherton (pump and dump, 2019) SEC 2019-05-17 Pump And Dump — settled
SEC v. Wilson-Davis & Co., Inc. (2019) SEC 2019-05-15 $300k settled
SEC v. Brian Fettner, et al. (insider trading, 2019) SEC 2019-05-14 Insider Trading $253k settled
SEC v. Robert M. Morano (insider trading, 2019) SEC 2019-05-13 Insider Trading $75k judgment
CFTC v. Fabio Bretas de Freitas and Phy Capital Investments LLC (2019) CFTC 2019-05-10 $12.6m judgment
CFTC v. David Smothermon (mismarking, 2019) CFTC 2019-05-09 Mismarking — filed
SEC v. Lloyd Schuman and Dane Janes (insider trading, 2019) SEC 2019-05-09 Insider Trading $140k settled
SEC v. Rocco Roveccio (churning, 2019) SEC 2019-05-06 Churning $160k judgment
SEC v. One or More Unknown Traders in the Securities of Anadarko Petroleum Corp. (insider trading, 2019) SEC 2019-04-29 Insider Trading — filed
SEC v. Christopher D. Dougherty, et al. (ponzi schemes, 2019) SEC 2019-04-26 Ponzi Schemes — settled
AMF France v. Iliad, M, X, A, B and C (insider trading, 2019) AMF (France) 2019-04-25 Insider Trading — judgment
CFTC v. Forex Trading Firms and Principals (ponzi schemes, 2019) CFTC 2019-04-22 Ponzi Schemes $14.6m judgment
SEC v. Anthony C. Zufelt (ponzi schemes, 2019) SEC 2019-04-22 Ponzi Schemes , Unregistered Distributions — judgment
SEC v. David M. Loflin (pump and dump, 2019) SEC 2019-04-22 Pump And Dump — settled
SEC v. Yuh-Yue Chen (insider trading, 2019) SEC 2019-04-18 Insider Trading $740k settled
AMF France v. Montaigne Fashion Group, Jekiti Mar Capital, A, Financière du Phoenix, SCI Plainville and B (insider trading, 2019) AMF (France) 2019-04-17 Insider Trading , False Rumors — judgment
SEC v. Quentin Louis Wilcox (insider trading, 2019) SEC 2019-04-16 Insider Trading $55.2k settled
SEC v. Ivan Acevedo & Dane R. Roseman (ponzi schemes, 2019) SEC 2019-04-12 Ponzi Schemes — settled
SEC v. Jeffrey Gainer (ponzi schemes, 2019) SEC 2019-04-10 Ponzi Schemes — judgment
SEC v. Paul Bannon Powers (insider trading, 2019) SEC 2019-04-10 Insider Trading — settled
SEC v. Scott Newsholme (2019) SEC 2019-04-05 — judgment
SEC v. Tai-Cheng Yang (insider trading, 2019) SEC 2019-04-05 Insider Trading $27.8k settled
SEC v. Evan R. Kita, et al. (insider trading, 2019) SEC 2019-04-04 Insider Trading — judgment
OSC v. Paramount Equity Financial Corporation and others (2019) OSC 2019-03-29 — judgment
SEC v. Tiber Creek Corp. and James M. Cassidy (shell factories, 2019) SEC 2019-03-26 Shell Factories $75k judgment
SEC v. Carol Ann Pedersen (ponzi schemes, 2019) SEC 2019-03-20 Ponzi Schemes — settled
SEC v. Frank Morelli III and Louis Buonocore (pump and dump, 2019) SEC 2019-03-20 Pump And Dump — settled
SEC v. Kent R.E. Whitney, David Lee Parrish, The Church for the Healthy Self a/k/a CHS Trust, and CHS Asset Management Inc. (ponzi schemes, 2019) SEC 2019-03-18 Ponzi Schemes — settled
AMF France v. A and B (insider trading, 2019) AMF (France) 2019-03-13 Insider Trading — judgment
SEC v. William Neil "Doc" Gallagher, Gallagher Financial Group, Inc., and W. Neil Gallagher, Ph.D. Agency, Inc. (ponzi schemes, 2019) SEC 2019-03-12 Ponzi Schemes — filed
AMF France v. A, B and C (insider trading, 2019) AMF (France) 2019-03-06 Insider Trading — dismissed
CFTC v. Carlos Javier Ramirez, Royal Leisure International, Inc. and Gold Chasers, Inc. (2019) CFTC 2019-03-04 $8.2m judgment
SEC v. Rong Chen, et al. (insider trading, 2019) SEC 2019-03-04 Insider Trading $167k judgment
SEC v. William C. Gennity (churning, 2019) SEC 2019-03-04 Churning $160k judgment
CFTC v. Krishna Mohan (spoofing, 2019) CFTC 2019-02-25 Spoofing — settled
SEC v. Demitrios Hallas (2019) SEC 2019-02-22 $260k judgment
SEC v. Walter C. Little and Andrew M. Berke (insider trading, 2019) SEC 2019-02-22 Insider Trading — judgment
SEC v. Joseph Frank Vacante (insider trading, 2019) SEC 2019-02-21 Insider Trading $70.8k settled
SEC v. Gene Daniel Levoff (insider trading, 2019) SEC 2019-02-13 Insider Trading $1.1m judgment
SEC v. Jason McDiarmid, et al. (pump and dump, 2019) SEC 2019-02-12 Pump And Dump $3.3m judgment