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
AMF France v. Sylvain Duport (layering, 2019) AMF (France) 2019-02-11 Layering , Price Manipulation — settled
Former mining executive sentenced to serve 9 months for insider trading (ASIC, 2019) ASIC 2019-02-11 Insider Trading — judgment
SEC v. NL Technology, LLC et al. (ponzi schemes, 2019) SEC 2019-02-11 Ponzi Schemes $960k judgment
SEC v. Daniel J. Callahan (insider trading, 2019) SEC 2019-02-08 Insider Trading $19.4k settled
SEC v. Spark Trading Group, LLC and Niket Shah (ponzi schemes, 2019) SEC 2019-02-08 Ponzi Schemes $371k judgment
CFTC v. Andre Flotron (spoofing, 2019) CFTC 2019-02-07 Spoofing $100k judgment
SEC v. Andrew Stitt (boiler rooms, 2019) SEC 2019-02-06 Boiler Rooms , Unregistered Distributions — judgment
SEC v. Edward Withrow, et al. (2019) SEC 2019-02-05 — settled
SEC v. Joseph Vitale (boiler rooms, 2019) SEC 2019-02-04 Boiler Rooms — judgment
SEC v. Anthony J. Thompson, Jr., et al. (paid stock promotion, 2019) SEC 2019-02-01 Paid Stock Promotion , Pump And Dump — settled
CFTC v. Kevin Crepeau (spoofing, 2019) CFTC 2019-01-31 Spoofing $120k judgment
SEC v. Oleksandr Ieremenko et al. (hack to trade, 2019) SEC 2019-01-15 Hack To Trade $16.3m judgment
SEC v. ADT Inc. (2018) SEC 2018-12-26 $100k settled
SEC v. BioElectronics Corp. IBEX, LLC St. John's, LLC Whelan and others (unregistered distributions, 2018) SEC 2018-12-21 Unregistered Distributions — judgment
SEC v. Joe Lawler (ponzi schemes, 2018) SEC 2018-12-21 Ponzi Schemes $150k judgment
SEC v. James E. Cohen and Joseph A. Corazzi (Natural Blue Resources) (undisclosed control blocks, 2018) SEC 2018-12-21 Undisclosed Control Blocks — judgment
SEC v. Tod A. Ditommaso, Esq. (unregistered distributions, 2018) SEC 2018-12-21 Unregistered Distributions $1.5k settled
SEC v. Wealthfront Advisers, LLC (tax-loss harvesting disclosures, 2018) SEC 2018-12-21 $250k settled
SEC v. Bryan Lee Addington (2018) SEC 2018-12-20 — judgment
SEC v. Andrew F. Nicoletta (rule 105 offering shorts, 2018) SEC 2018-12-19 Rule 105 Offering Shorts $371k settled
SEC v. Robert S. "Lute" Davis, Jr., et al., Jordan E. Goodman., Alan H. New, et al. (ponzi schemes, 2018) SEC 2018-12-19 Ponzi Schemes $100k settled
CFTC v. Dro Kholamian and Blue Star Trading, LLC (2018) CFTC 2018-12-17 $150k settled
CFTC v. Gaylen Rust (ponzi schemes, 2018) CFTC 2018-12-17 Ponzi Schemes — filed
SEC v. Peter Cho (insider trading, 2018) SEC 2018-12-17 Insider Trading $251k settled
SEC v. The Bank of New York Mellon (2018) SEC 2018-12-17 $20.6m settled
AMF France v. Sofiro, P, N, O, Q, R, S, T, A, U, V, W and B (insider trading, 2018) AMF (France) 2018-12-14 Insider Trading — judgment
SEC v. Lai Guanglin (Alan) (marking the close, 2018) SEC 2018-12-10 Marking The Close , Price Manipulation $400k settled
SEC v. Rajeshwar R. Gannamaneni, Deepthi Gandra, and Linga R. Gannamaneni (insider trading, 2018) SEC 2018-12-10 Insider Trading $376k settled
SEC v. CoinAlpha Advisors LLC (unregistered distributions, 2018) SEC 2018-12-07 Unregistered Distributions $50k settled
SEC v. David G. Dreslin, Michael Toups and Leslie Toups (2018) SEC 2018-12-03 Reverse Merger Schemes , Undisclosed Control Blocks $345k settled
SEC v. Fifth Street Management, LLC (2018) SEC 2018-12-03 $1.7m settled
SEC v. Eric T. Landis et al. (matched orders, 2018) SEC 2018-11-29 Matched Orders — settled
SEC v. Floyd Mayweather Jr. (paid stock promotion, 2018) SEC 2018-11-29 Paid Stock Promotion $300k settled
SEC v. Khaled Khaled (paid stock promotion, 2018) SEC 2018-11-29 Paid Stock Promotion $100k settled
SEC v. Morrie Tobin et al. (paid stock promotion, 2018) SEC 2018-11-28 Paid Stock Promotion , Undisclosed Control Blocks $461k settled
AMF France v. Emmanuel Morin (insider trading, 2018) AMF (France) 2018-11-26 Insider Trading — settled
OSC v. Christopher Candusso and others (insider trading, 2018) OSC 2018-11-23 Insider Trading — judgment
CFTC v. Defendants Gaylen Dean Rust (ponzi schemes, 2018) CFTC 2018-11-16 Ponzi Schemes — filed
SEC v. Mark Burnett, Jeffrey Miller, Christian Romandetti, Frank Sarro, Anthony Vassallo, and Elite Stock Research, Inc. (boiler rooms, 2018) SEC 2018-11-15 Boiler Rooms — judgment
SEC v. James V. Mazzo, et al. (insider trading, 2018) SEC 2018-11-14 Insider Trading $1.5m settled
Court orders penalties and other relief against Westpac for BBSW conduct (ASIC, 2018) ASIC 2018-11-09 Price Manipulation — judgment
SEC v. Arthur Lamar Adams et al. (ponzi schemes, 2018) SEC 2018-11-09 Ponzi Schemes — settled
SEC v. Joseph Meli, et al. (ponzi schemes, 2018) SEC 2018-11-09 Ponzi Schemes — settled
SEC v. Kevin B. Merrill, et al. (ponzi schemes, 2018) SEC 2018-11-09 Ponzi Schemes — filed
SEC v. Pyxus International, Inc. (accounting fraud, 2018) SEC 2018-11-09 — settled
AMF France v. Keren Finance, A and B (wash trading, 2018) AMF (France) 2018-11-08 Wash Trading , Price Manipulation — judgment
CFTC v. Jacob Bourne (mismarking, 2018) CFTC 2018-11-08 Mismarking $350k settled
SEC v. Craig H. Carton, et al. (ponzi schemes, 2018) SEC 2018-11-08 Ponzi Schemes — settled
SEC v. James E. Hengen (insider trading, 2018) SEC 2018-11-08 Insider Trading $72.1k judgment
SEC v. Michael E. Cone, et al (boiler rooms, 2018) SEC 2018-11-08 Boiler Rooms — settled
SEC v. SeeThruEquity, LLC et al. (newsletter scalping, 2018) SEC 2018-11-08 Analyst Manipulation , Newsletter Scalping +1 $520k judgment
SEC v. Slobodan Dragojlovic (insider trading, 2018) SEC 2018-11-08 Insider Trading $20.1k judgment
SEC v. Citibank, N.A. (2018) SEC 2018-11-07 $13.6m settled
SEC v. Brian Weber and Bebida Beverage Co. (fake press releases, 2018) SEC 2018-10-31 Fake Press Releases $160k judgment
FCA v. Jonathan Mathew Individual (benchmark submission rigging, 2018) FCA 2018-10-30 Benchmark Submission Rigging — judgment
SEC v. Philip Thomas Kueber (undisclosed control blocks, 2018) SEC 2018-10-26 Undisclosed Control Blocks — judgment
OSC v. Keir Reynolds (insider trading, 2018) OSC 2018-10-25 Insider Trading — judgment
AMF France v. C, A, D, E, F, B and G (insider trading, 2018) AMF (France) 2018-10-24 Insider Trading — judgment
SEC v. John Madsen, Andalusian Resorts and Spas, Inc. and Bernard Fried (fake press releases, 2018) SEC 2018-10-23 Fake Press Releases , Pump And Dump +1 $80k judgment
SEC v. Mark E. Fisher and Joseph F. Capuozzo (pump and dump, 2018) SEC 2018-10-22 Pump And Dump — settled
SEC v. Zachary S. Berkey (churning, 2018) SEC 2018-10-19 Churning — settled
CFTC v. GBI (ponzi schemes, 2018) CFTC 2018-10-18 Ponzi Schemes $2m judgment
SEC v. Richard J. Greenlaw et al. (unregistered distributions, 2018) SEC 2018-10-18 Unregistered Distributions $50k judgment
OSC v. K2 & Associates Investment Management Inc. and others (spoofing, 2018) OSC 2018-10-17 Spoofing — settled
SEC v. Bryan B. Long (insider trading, 2018) SEC 2018-10-16 Insider Trading $35.8k settled
CFTC v. Kamaldeep Gandhi (spoofing, 2018) CFTC 2018-10-12 Spoofing — judgment
SEC v. Harold L. Altvater (insider trading, 2018) SEC 2018-10-11 Insider Trading — settled
SEC v. Merrill, et al. (ponzi schemes, 2018) SEC 2018-10-11 Ponzi Schemes — filed
SEC v. Dennis Wayne Hamilton (insider trading, 2018) SEC 2018-10-10 Insider Trading $584k judgment
SEC v. Robert O. Carr and Katherine M. Hanratty (insider trading, 2018) SEC 2018-10-05 Insider Trading $251k judgment
SEC v. Todd Elliott Hitt, et al. (2018) SEC 2018-10-05 — settled
CFTC v. Aaron Michael Scott and BMC Worldwide, Inc. (2018) CFTC 2018-10-03 — settled
CFTC v. The Bank of Nova Scotia (spoofing, 2018) CFTC 2018-10-01 Spoofing $800k judgment
CFTC v. unnamed respondents (insider trading, 2018) CFTC 2018-09-28 Insider Trading — filed
CFTC v. EOX Holdings LLC and Andrew Gizienski (insider trading, 2018) CFTC 2018-09-28 Insider Trading $7.5m judgment
SEC v. Bryan R. Ziegenfuse (insider trading, 2018) SEC 2018-09-28 Insider Trading $64.1k settled
SEC v. COR Clearing, LLC (2018) SEC 2018-09-28 $800k settled
SEC v. Edward J. Kosinski (insider trading, 2018) SEC 2018-09-28 Insider Trading — settled
SEC v. Jehu Hand and Antonio Katz (pump and dump, 2018) SEC 2018-09-28 Pump And Dump , Unregistered Distributions — judgment
SEC v. NL Technology, LLC et al. (ponzi schemes, 2018) SEC 2018-09-28 Ponzi Schemes $480k judgment
SEC v. Nutra Pharma Corp. et al (unregistered distributions, 2018) SEC 2018-09-28 Unregistered Distributions $136k settled
SEC v. Thomas Carter Ronk (boiler rooms, 2018) SEC 2018-09-28 Boiler Rooms , Paid Stock Promotion $75k settled
SEC v. Unal Patel and Amish Patel (insider trading, 2018) SEC 2018-09-28 Insider Trading $30.6k settled
CFTC v. Davis Ramsey (price manipulation, 2018) CFTC 2018-09-27 Price Manipulation $325k settled
CFTC v. Davis Ramsey (price manipulation, 2018) CFTC 2018-09-27 Price Manipulation $325k settled
SEC v. James Thomas Bramlette, et al. (2018) SEC 2018-09-27 $40k judgment
SEC v. Thomas Earl Hayden (insider trading, 2018) SEC 2018-09-27 Insider Trading $298k settled
Former CEO and director of Sirtex Medical Limited charged with insider trading (ASIC, 2018) ASIC 2018-09-26 Insider Trading — judgment
CFTC v. Adam Flavin (price manipulation, 2018) CFTC 2018-09-26 Price Manipulation $125k judgment
CFTC v. Adam Flavin and Peter Grady (price manipulation, 2018) CFTC 2018-09-26 Price Manipulation $375k settled
OSC v. Daniel P. Reeve (ponzi schemes, 2018) OSC 2018-09-26 Ponzi Schemes — judgment
CFTC v. Mizuho Bank (spoofing, 2018) CFTC 2018-09-21 Spoofing $250k judgment
CFTC v. Geneva Trading USA (spoofing, 2018) CFTC 2018-09-20 Spoofing $1.5m judgment
SEC v. CSIR Group, LLC, et al. (paid stock promotion, 2018) SEC 2018-09-20 Paid Stock Promotion $20k judgment
CFTC v. Bank of America (benchmark submission rigging, 2018) CFTC 2018-09-19 Benchmark Submission Rigging , Price Manipulation $30m judgment
CFTC v. Victory Asset, Inc. and Michael D. Franko (spoofing, 2018) CFTC 2018-09-19 Spoofing $2.3m judgment
SEC v. Michael L. LaPenna (2018) SEC 2018-09-19 $22.5k settled
CFTC v. ICAP Capital Markets LLC (benchmark submission rigging, 2018) CFTC 2018-09-18 Benchmark Submission Rigging , Price Manipulation $50m judgment
SEC v. Ernest J. Romer, III (2018) SEC 2018-09-18 — filed
FCA v. Christian Bittar (benchmark submission rigging, 2018) FCA 2018-09-14 Benchmark Submission Rigging — judgment