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
CFTC v. Chicago Trader Igor B. Oystacher & His Proprietary Trading Company (spoofing, 2015) CFTC 2015-10-20 Spoofing — unknown
SEC v. Craig Danzig (unregistered distributions, 2015) SEC 2015-10-20 Unregistered Distributions — appealed
SEC v. Auriga Global Investors Sociedad De Valores S.A. (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $179k settled
SEC v. Harvest Capital Strategies LLC (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $65k settled
SEC v. J.P. Morgan Investment Management Inc. (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $365k settled
SEC v. Omega Advisors, Inc. (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $65k settled
SEC v. Sabby Management, LLC (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $91.7k settled
SEC v. War Chest Capital Partners LLC (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $150k settled
SEC v. Andrew Farmer, et al. (pump and dump, 2015) SEC 2015-10-09 Pump And Dump — unknown
SEC v. Francis J. van Steenberge and Nicolas Zanen (insider trading, 2015) SEC 2015-10-09 Insider Trading — judgment
SEC v. Allen Ross Smith (unregistered distributions, 2015) SEC 2015-10-08 Unregistered Distributions $43.3k judgment
SEC v. Briargate Trading, LLC and and Eric Oscher (spoofing, 2015) SEC 2015-10-08 Spoofing $350k judgment
SEC v. Garfield Taylor, Inc., et al. (ponzi schemes, 2015) SEC 2015-10-08 Ponzi Schemes $150k judgment
SEC v. Wolverine Trading, LLC and and Wolverine Asset Management, LLC (insider trading, 2015) SEC 2015-10-08 Insider Trading , Naked Short Selling Debate $375k settled
SEC v. Oscar Wu (insider trading, 2015) SEC 2015-10-07 Insider Trading — settled
SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015) SEC 2015-10-01 Boiler Rooms , Unregistered Distributions — unknown
SEC v. Saleem Khan et al. (insider trading, 2015) SEC 2015-10-01 Insider Trading — judgment
SEC v. Spencer Pharmaceutical Inc., Jean-François Amyot, Maximilien Arella, Ian Morrice, IAB Media Inc., and Hilbroy Advisory Inc. (pump and dump, 2015) SEC 2015-10-01 Pump And Dump — judgment
SEC v. Charles Riel III and REinvest LLC (ponzi schemes, 2015) SEC 2015-09-30 Ponzi Schemes — filed
SEC v. David P. Godwin and Anthony G. Roth (wash trading, 2015) SEC 2015-09-30 Wash Trading — judgment
SEC v. James Goodland and Securus Wealth Management, LLC (marking the close, 2015) SEC 2015-09-30 Marking The Close , Reverse Merger Schemes $30k settled
SEC v. Christopher Mire (insider trading, 2015) SEC 2015-09-29 Insider Trading $2.1k settled
SEC v. Eddie R. Leblanc (insider trading, 2015) SEC 2015-09-29 Insider Trading $15k settled
SEC v. Robert L. Spallina, et al. (insider trading, 2015) SEC 2015-09-28 Insider Trading $32.9k settled
NSW man jailed for market manipulation (ASIC, 2015) ASIC 2015-09-25 Matched Orders , Price Manipulation — unknown
CFTC v. Cargill de México SA De CV (wash trading, 2015) CFTC 2015-09-25 Wash Trading $500k judgment
CFTC v. TeraExchange LLC (wash trading, 2015) CFTC 2015-09-25 Wash Trading — judgment
SEC v. iShopNoMarkup.com, Inc. (unregistered distributions, 2015) SEC 2015-09-25 Unregistered Distributions $330k judgment
SEC v. Morando Berrettini, et al. (insider trading, 2015) SEC 2015-09-25 Insider Trading — unknown
SEC v. Jason W. Galanis (matched orders, 2015) SEC 2015-09-24 Matched Orders — judgment
SEC v. Richard Condon, et al. (insider trading, 2015) SEC 2015-09-24 Insider Trading — filed
ASIC v. D J Carmichael Pty Limited (price manipulation, 2015) ASIC 2015-09-23 Price Manipulation $300k unknown
SEC v. Idle Media, Inc. and and Marcus Frasier (reverse merger schemes, 2015) SEC 2015-09-22 Reverse Merger Schemes $50k settled
SEC v. Eric McPhail, et al. (insider trading, 2015) SEC 2015-09-21 Insider Trading — settled
SEC v. Frank Morelli III and Louis Buonocore (paid stock promotion, 2015) SEC 2015-09-21 Paid Stock Promotion — filed
SEC v. Brian David Hall (naked short selling debate, 2015) SEC 2015-09-17 Naked Short Selling Debate — settled
SEC v. George Ivakhnik and The Mobile Star Corporation (fake press releases, 2015) SEC 2015-09-17 Fake Press Releases — filed
SEC v. Rudolfo DeLaSierra (naked short selling debate, 2015) SEC 2015-09-17 Naked Short Selling Debate — settled
SEC v. 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, Esq. (fake press releases, 2015) SEC 2015-09-16 Fake Press Releases — judgment
SEC v. Jason Mogler, et al. (ponzi schemes, 2015) SEC 2015-09-15 Ponzi Schemes — filed
SEC v. Marco Babini et al. (paid stock promotion, 2015) SEC 2015-09-14 Paid Stock Promotion , Pump And Dump — judgment
SEC v. Dubovoy, et al. (hack to trade, 2015) SEC 2015-09-14 Hack To Trade — settled
SEC v. Joseph Paul Zada (ponzi schemes, 2015) SEC 2015-09-11 Ponzi Schemes — appealed
SEC v. Benjamin Wey, et al. (reverse merger schemes, 2015) SEC 2015-09-10 Reverse Merger Schemes — dismissed
SEC v. Maher F. Kara, et al. (insider trading, 2015) SEC 2015-09-10 Insider Trading — judgment
SEC v. Bennett Group Financial Services, LLC Bennett and Dawn J. (churning, 2015) SEC 2015-09-09 Churning — unknown
SEC v. John McEnery III et al. (insider trading, 2015) SEC 2015-09-09 Insider Trading $64.2k settled
SEC v. Timothy M. Roberts, Terrance F. Taylor, and Craig Constantinou (unregistered distributions, 2015) SEC 2015-09-09 Unregistered Distributions — filed
SEC v. Caribbean Pacific Marketing, Inc. (reverse merger schemes, 2015) SEC 2015-09-08 Reverse Merger Schemes — settled
SEC v. Ditto Holdings, Inc. (Now Known as Sovestech and Inc.) (unregistered distributions, 2015) SEC 2015-09-08 Unregistered Distributions $50k settled
SEC v. Marc S. Mandel (unregistered distributions, 2015) SEC 2015-09-08 Unregistered Distributions — settled
SEC v. Donald E. Robar (insider trading, 2015) SEC 2015-09-04 Insider Trading $4.6k settled
SEC v. Robert A. Hanner (insider trading, 2015) SEC 2015-09-04 Insider Trading $20.8k settled
SEC v. Kevin McDonnell (reverse merger schemes, 2015) SEC 2015-09-03 Reverse Merger Schemes $7.5k settled
Former Hanlong managing director pleads guilty to insider trading (ASIC, 2015) ASIC 2015-09-02 Insider Trading — filed
SEC v. Eric Aronson, et al. (ponzi schemes, 2015) SEC 2015-09-02 Ponzi Schemes $250k judgment
CFTC v. Ron Earl McCullough (ponzi schemes, 2015) CFTC 2015-08-29 Ponzi Schemes $2.5m judgment
SEC v. Ashish Aggarwal, et al. (insider trading, 2015) SEC 2015-08-25 Insider Trading — judgment
OSC v. Paul Camillo Dinardo (ponzi schemes, 2015) OSC 2015-08-20 Ponzi Schemes — filed
SEC v. Moshe Yehuda Dunoff (boiler rooms, 2015) SEC 2015-08-20 Boiler Rooms — filed
SEC v. Citigroup Global Markets, Inc. (insider trading, 2015) SEC 2015-08-19 Insider Trading — settled
SEC v. Citigroup Alternative Investments LLC and Citigroup Global Markets Inc. (benchmark submission rigging, 2015) SEC 2015-08-17 Benchmark Submission Rigging — settled
SEC v. Total Wealth Management, Inc. Cooper and others (ponzi schemes, 2015) SEC 2015-08-17 Ponzi Schemes — judgment
SEC v. Cedric Cañas Maillard (insider trading, 2015) SEC 2015-08-13 Insider Trading — settled
SEC v. Palladino, et al. (ponzi schemes, 2015) SEC 2015-08-13 Ponzi Schemes — unknown
SEC v. Guggenheim Partners Investment Management, LLC (insider trading, 2015) SEC 2015-08-10 Insider Trading $20m judgment
SEC v. unnamed respondents (paid stock promotion, 2015) SEC 2015-08-10 Paid Stock Promotion , Pump And Dump — judgment
SEC v. First Xeris Corp. (undisclosed control blocks, 2015) SEC 2015-08-06 Undisclosed Control Blocks — settled
SEC v. Judy K. Wolf (front running, 2015) SEC 2015-08-05 Front Running , Insider Trading $5m dismissed
CFTC v. Keith F. Simmons (ponzi schemes, 2015) CFTC 2015-08-01 Ponzi Schemes — settled
SEC v. Pamela S. Smith (unregistered distributions, 2015) SEC 2015-07-30 Unregistered Distributions — settled
SEC v. Timothy Patterson (unregistered distributions, 2015) SEC 2015-07-30 Unregistered Distributions — settled
SEC v. Stephen M. Coleman (unregistered distributions, 2015) SEC 2015-07-29 Unregistered Distributions — settled
SEC v. DFRF Enterprises LLC, et al. (ponzi schemes, 2015) SEC 2015-07-23 Ponzi Schemes — filed
FCA v. Lee Bruce Stewart (benchmark submission rigging, 2015) FCA 2015-07-21 Benchmark Submission Rigging , Price Manipulation — unknown
SEC v. Donald L. Koch and Koch Asset Management, LLC (marking the close, 2015) SEC 2015-07-20 Marking The Close — appealed
SEC v. Michael R. Enea (ponzi schemes, 2015) SEC 2015-07-20 Ponzi Schemes — judgment
SEC v. Herbert K. Sudfeld, Jr., et al. (insider trading, 2015) SEC 2015-07-16 Insider Trading — filed
SEC v. Timothy J. McGee, et al. (insider trading, 2015) SEC 2015-07-15 Insider Trading — appealed
SEC v. unnamed respondents (paid stock promotion, 2015) SEC 2015-07-14 Paid Stock Promotion , Pump And Dump — filed
SEC v. Oz Management, LP (insider trading, 2015) SEC 2015-07-14 Insider Trading $4.3m unknown
SEC v. Frank Tamayo (insider trading, 2015) SEC 2015-07-13 Insider Trading — judgment
CFTC v. Defendant Carl David Wright (ponzi schemes, 2015) CFTC 2015-07-11 Ponzi Schemes $1m settled
SEC v. Gerard Boudreault (insider trading, 2015) SEC 2015-07-10 Insider Trading $18.4k settled
SEC v. PTG Capital Partners LTD, et al. (sham tender offers, 2015) SEC 2015-07-10 EDGAR Filing Fraud , Sham Tender Offers — filed
SEC v. Patrick Lehnert (insider trading, 2015) SEC 2015-07-09 Insider Trading $15.8k settled
SEC v. Luca International Group, LLC, et al. (ponzi schemes, 2015) SEC 2015-07-06 Ponzi Schemes $25.5k settled
OSC v. Terrence Bedford (ponzi schemes, 2015) OSC 2015-07-02 Ponzi Schemes — settled
SEC v. Malcolm Segal (ponzi schemes, 2015) SEC 2015-07-01 Ponzi Schemes — filed
SEC v. Peter Voutsas (reverse merger schemes, 2015) SEC 2015-06-30 Reverse Merger Schemes , Undisclosed Control Blocks $50k settled
CFTC v. Illinois Resident Nick A. Wurl and His Company Ludiera Capital LLC (ponzi schemes, 2015) CFTC 2015-06-25 Ponzi Schemes — filed
SEC v. Gregg R. Mulholland (pump and dump, 2015) SEC 2015-06-25 Pump And Dump — filed
SEC v. Phil Donnahue Williamson (ponzi schemes, 2015) SEC 2015-06-23 Ponzi Schemes — judgment
CFTC v. Joseph F. Welsh III (price manipulation, 2015) CFTC 2015-06-20 Price Manipulation , Settlement Price Manipulation $500k judgment
SEC v. Norstra Energy Inc., Glen Landry and Eric Dany (paid stock promotion, 2015) SEC 2015-06-18 Paid Stock Promotion — judgment
SEC v. Dimitry Braverman and Vitaly Pupynin (insider trading, 2015) SEC 2015-06-16 Insider Trading — judgment
SEC v. Equity Trust Company (ponzi schemes, 2015) SEC 2015-06-16 Ponzi Schemes — judgment
SEC v. Capital Financial Partners, LLC et al. Will D. Allen and Susan C. Daub (ponzi schemes, 2015) SEC 2015-06-15 Ponzi Schemes — judgment
SEC v. Helmut Anscheringer (insider trading, 2015) SEC 2015-06-15 Insider Trading $910k settled
SEC v. Matthew G. Teeple et al. Andrew Miller (insider trading, 2015) SEC 2015-06-12 Insider Trading $133k judgment