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. 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
FCA v. Mark Samuel Taylor (insider trading, 2016) FCA 2016-05-05 Insider Trading — settled
SEC v. Marquis Properties LLC, Chad Deucher and Richard Clatfelter (ponzi schemes, 2016) SEC 2016-05-05 Ponzi Schemes — filed
SEC v. Pranav V. Patel (paid stock promotion, 2016) SEC 2016-05-03 Paid Stock Promotion — unknown
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 $100k 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. Efim Aksanov (pump and dump, 2016) SEC 2016-04-12 Pump And Dump — judgment
SEC v. William E. Mapp, III, et al. (paid stock promotion, 2016) SEC 2016-04-11 Paid Stock Promotion $200k settled
FCA v. Paul White (benchmark submission rigging, 2016) FCA 2016-04-08 Benchmark Submission Rigging — unknown
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. Gedrey Thompson (ponzi schemes, 2016) SEC 2016-03-21 Ponzi Schemes — judgment
SEC v. John E. Hardy III (insider trading, 2016) SEC 2016-03-18 Insider Trading $184k settled
SEC v. Eric J. Wolff (insider trading, 2016) SEC 2016-03-16 Insider Trading $87.6k settled
SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-03-16 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 $7.5m settled
Former Hanlong managing director sentenced to more than 8 years jail for insider trading (ASIC, 2016) ASIC 2016-03-11 Insider Trading — judgment
SEC v. Aequitas Management, LLC, et al. (ponzi schemes, 2016) SEC 2016-03-11 Ponzi Schemes — dismissed
SEC v. PTG Capital Partners LTD, et al. (sham tender offers, 2016) SEC 2016-03-11 EDGAR Filing Fraud , Sham Tender Offers — filed
SEC v. Edwin Yoshihiro Fujinaga and MRI International, Inc., et al. (ponzi schemes, 2016) SEC 2016-03-09 Ponzi Schemes — judgment
SEC v. Delaney and others (naked short selling debate, 2016) SEC 2016-03-07 Naked Short Selling Debate — dismissed
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 $4.7k settled
SEC v. Zachary Zwerko and David L. Post (insider trading, 2016) SEC 2016-03-01 Insider Trading — judgment
SEC v. Garfield M. Taylor (ponzi schemes, 2016) SEC 2016-03-01 Ponzi Schemes — judgment
Court reduces jail time for New South Wales man sentenced for market manipulation (ASIC, 2016) ASIC 2016-02-29 Matched Orders , Price Manipulation — unknown
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 $250k 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. L&L Energy, Inc. and Dickson Lee, CPA (reverse merger schemes, 2016) SEC 2016-02-17 Reverse Merger Schemes $2.7m settled
SEC v. Zavodchiko et al. (hack to trade, 2016) SEC 2016-02-17 Hack To Trade — filed
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 $21.4k settled
SEC v. Scription Work Solutions, Inc. ( and others (undisclosed control blocks, 2016) SEC 2016-02-09 Undisclosed Control Blocks — judgment
SEC v. Robert M. Munakash, Carlos A. Rodriguez, and Marc Winters (insider trading, 2016) SEC 2016-02-08 Insider Trading — filed
Perth man charged with insider trading appears in court (ASIC, 2016) ASIC 2016-02-04 Insider Trading — filed
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 $15m settled
SEC v. Reid A. Hackney, CPA (insider trading, 2016) SEC 2016-01-12 Insider Trading $48.1k settled
OSC v. Paul Christopher Darrigo (churning, 2016) OSC 2016-01-08 Churning — dismissed
SEC v. Vivian S. Shields (insider trading, 2016) SEC 2016-01-04 Insider Trading $71.4k 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 $39.2k settled
SEC v. Morgan Stanley Investment Management Inc. and Sheila Huang (matched orders, 2015) SEC 2015-12-22 Matched Orders $125k settled
SEC v. Traci J. Anderson, Timothy W. Carnahan and CYIOS Corporation (reverse merger schemes, 2015) SEC 2015-12-21 Reverse Merger Schemes $450k judgment
ASIC bans former financial adviser for market manipulation (2015) ASIC 2015-12-18 Price Manipulation — appealed
SEC v. Eric E. Shear (insider trading, 2015) SEC 2015-12-18 Insider Trading $3k 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
Former Gunns Ltd chairman ordered to pay $500,000 pecuniary penalty for insider trading (ASIC, 2015) ASIC 2015-12-15 Insider Trading — unknown
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
OSC v. Zhen (Steven) Pang and Oasis World Trading Inc. (price manipulation, 2015) OSC 2015-12-10 Price Manipulation , Spoofing — settled
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 $375k 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
Sydney man pleads guilty to insider trading (ASIC, 2015) ASIC 2015-11-09 Insider Trading — unknown
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
OSC v. Argosy Securities Inc. and Keybase Financial Group Inc. (naked short selling debate, 2015) OSC 2015-11-03 Naked Short Selling Debate — appealed
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 $25k 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