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. Rong Chen, et al. (insider trading, 2018) SEC 2018-09-14 Insider Trading $167k settled
SEC v. Gregory Lemelson, Lemelson Capital Management, LLC, and The Amvona Fund (short and distort, 2018) SEC 2018-09-13 Short And Distort $160k judgment
SEC v. Barry C. Honig, et al. (pump and dump, 2018) SEC 2018-09-07 Pump And Dump — settled
SEC v. In Ovations Holdings, Inc. and Mark Goldberg (fake press releases, 2018) SEC 2018-09-06 Fake Press Releases $150k judgment
SEC v. Jeffrey Goldman and Christopher Eikenberry (2018) SEC 2018-09-05 — settled
SEC v. Amer Deeba (insider trading, 2018) SEC 2018-08-30 Insider Trading $581k settled
SEC v. Kendricks, et al. (insider trading, 2018) SEC 2018-08-30 Insider Trading $15k settled
CFTC v. BNP Paribas (benchmark submission rigging, 2018) CFTC 2018-08-29 Benchmark Submission Rigging , Price Manipulation $90m judgment
SEC v. Delaney Equity Group LLC, David C. Delaney and Ian C. Kass (reverse merger schemes, 2018) SEC 2018-08-29 Reverse Merger Schemes , Shell Factories +1 — settled
SEC v. Fishoff, et al. (insider trading, 2018) SEC 2018-08-23 Insider Trading — filed
SEC v. Gary S. Williky (insider trading, price manipulation, 2018) SEC 2018-08-23 Insider Trading , Price Manipulation $1.7m judgment
SEC v. Barry M. Kornfeld, et al., Lynette M. Robbins and Knowles Systems, Inc. (ponzi schemes, 2018) SEC 2018-08-22 Ponzi Schemes $100k settled
SEC v. James T. Lentz (insider trading, 2018) SEC 2018-08-22 Insider Trading $9.1k settled
Former managing director of mining company found guilty of insider trading (ASIC, 2018) ASIC 2018-08-21 Insider Trading — judgment
SEC v. A. Catlin Cade, IV (insider trading, 2018) SEC 2018-08-21 Insider Trading $8.7k settled
SEC v. Ismail Lila (insider trading, 2018) SEC 2018-08-21 Insider Trading $28.6k settled
SEC v. Lubin and David (unregistered distributions, 2018) SEC 2018-08-21 Unregistered Distributions — judgment
SEC v. Citigroup Global Markets Inc. and Citigroup Inc. (mismarking, 2018) SEC 2018-08-16 Mismarking $5.8m settled
SEC v. Honglan Wang (insider trading, 2018) SEC 2018-08-16 Insider Trading $67k settled
SEC v. Tomahawk Exploration LLC and David Thompson Laurance (2018) SEC 2018-08-14 $30k settled
SEC v. Alexander Charles White and Paul Douglas Vandivier (unregistered distributions, 2018) SEC 2018-08-13 Unregistered Distributions — filed
SEC v. Chad Anthony Lewis (unregistered distributions, 2018) SEC 2018-08-13 Unregistered Distributions — settled
SEC v. Christopher Collins, et al., Lauren Zarksy, Dorothy Zarsky (insider trading, 2018) SEC 2018-08-10 Insider Trading $42k settled
SEC v. John C. Maccoll (ponzi schemes, 2018) SEC 2018-08-09 Ponzi Schemes — settled
SEC v. Arthur Lamar Adams and Madison Timber Properties, LLC (ponzi schemes, 2018) SEC 2018-08-08 Ponzi Schemes — filed
SEC v. Salvadore D. Palermo (sham inventory sales, 2018) SEC 2018-08-08 — judgment
SEC v. Aaron R. Smith (insider trading, 2018) SEC 2018-08-07 Insider Trading $40.6k settled
SEC v. Murakami, et al. (2018) SEC 2018-08-06 — judgment
SEC v. Fei Yan, et al. (insider trading, 2018) SEC 2018-08-03 Insider Trading — judgment
SEC v. Lozuk (insider trading, 2018) SEC 2018-08-01 Insider Trading $26.6k settled
SEC v. Madan (insider trading, 2018) SEC 2018-08-01 Insider Trading $14k settled
SEC v. Fred Tinker (insider trading, 2018) SEC 2018-07-31 Insider Trading $89.2k settled
SEC v. Howard M. Appel (matched orders, 2018) SEC 2018-07-30 Matched Orders — settled
SEC v. Robert Gadimian (insider trading, 2018) SEC 2018-07-26 Insider Trading — judgment
SEC v. Rudden, et al. (ponzi schemes, 2018) SEC 2018-07-26 Ponzi Schemes — settled
FCA v. Edward John Booth (2018) FCA 2018-07-25 — settled
SEC v. Richard T. Cunniffe (insider trading, 2018) SEC 2018-07-25 Insider Trading — settled
SEC v. Matthew Brunstrum and Susan Brunstrum (insider trading, 2018) SEC 2018-07-24 Insider Trading — settled
SEC v. Yao Li (insider trading, 2018) SEC 2018-07-24 Insider Trading $196k settled
Former executive charged with insider trading (ASIC, 2018) ASIC 2018-07-23 Insider Trading — judgment
SEC v. Mizuho Securities USA LLC (2018) SEC 2018-07-23 $1.3m settled
SEC v. Sycamore Lane Partners LLC (naked short selling debate, 2018) SEC 2018-07-23 Naked Short Selling Debate $25k settled
SEC v. Deutsche Bank Trust Company Americas (2018) SEC 2018-07-20 $22.2m settled
AMF France v. Mecelec Composites and A (false or misleading information, 2018) AMF (France) 2018-07-18 Misleading Issuer Disclosure — judgment
SEC v. Mark E. Burns, Robert W. Murray (price manipulation, 2018) SEC 2018-07-17 EDGAR Filing Fraud , Price Manipulation +1 — settled
AMF France v. Soufflet Négoce (marking the close, 2018) AMF (France) 2018-07-16 Marking The Close — judgment
SEC v. Gannon Giguiere and others (matched orders, 2018) SEC 2018-07-16 Matched Orders , Pump And Dump $880k settled
CFTC v. Lansing Trade Group, LLC (price manipulation, 2018) CFTC 2018-07-12 Price Manipulation $3.4m settled
SEC v. Joseph Mangiapane, Jr. (Dynkowski penny stock manipulation, 2018) SEC 2018-07-12 Pump And Dump $26k judgment
SEC v. Ryan Gilbertson, et al. (undisclosed control blocks, 2018) SEC 2018-07-12 Undisclosed Control Blocks — judgment
ASIC v. CBA (price manipulation, 2018) ASIC 2018-07-10 Price Manipulation — judgment
SEC v. Dubovoy, et al. (hack to trade, 2018) SEC 2018-07-10 Hack To Trade — settled
SEC v. Gene Shen (insider trading, 2018) SEC 2018-07-10 Insider Trading $43.3k settled
SEC v. Matthew C. Woodard (2018) SEC 2018-07-10 — judgment
AMF France v. Cibox Inter@ctive, AI Investment, A and B (false or misleading information, 2018) AMF (France) 2018-07-05 Misleading Issuer Disclosure , Insider Trading — judgment
SEC v. Molina (insider trading, 2018) SEC 2018-07-05 Insider Trading $39.2k judgment
SEC v. Edward Lee Moody Jr., et. al. (ponzi schemes, 2018) SEC 2018-07-03 Ponzi Schemes — settled
SEC v. Sudhakar Reddy Bonthu (insider trading, 2018) SEC 2018-07-02 Insider Trading — settled
SEC v. Alexander Capital, L.P. (churning, 2018) SEC 2018-06-29 Churning $194k settled
SEC v. Bayes Capital, LLC (naked short selling debate, 2018) SEC 2018-06-28 Naked Short Selling Debate $300k settled
SEC v. James VanBlaricum, et al. (ponzi schemes, 2018) SEC 2018-06-26 Ponzi Schemes — settled
SEC v. Richard Weed et al. (reverse merger schemes, 2018) SEC 2018-06-26 Reverse Merger Schemes $150k judgment
SEC v. James E. Hocker (ponzi schemes, 2018) SEC 2018-06-21 Ponzi Schemes — judgment
SEC v. Joseph A. Fiore, Berkshire Capital Management Company, Inc., and Eat at Joe's, Ltd. (n/k/a SPYR, Inc.) (newsletter scalping, 2018) SEC 2018-06-20 Newsletter Scalping $1.5m settled
SEC v. Santillo, Parris, LaRocco, Piccarreto and Brenner (ponzi schemes, 2018) SEC 2018-06-19 Ponzi Schemes — settled
CFTC v. JPMorgan Chase Bank (benchmark submission rigging, 2018) CFTC 2018-06-18 Benchmark Submission Rigging , Price Manipulation $65m judgment
OSC v. Peter Volk (2018) OSC 2018-06-11 — settled
SEC v. Robert M. Morano (insider trading, 2018) SEC 2018-06-11 Insider Trading — judgment
SEC v. Jehu Hand, et al. (pump and dump, 2018) SEC 2018-06-06 Pump And Dump — unknown
SEC v. Ralph T. Iannelli and Essex Capital Corporation (ponzi schemes, 2018) SEC 2018-06-06 Ponzi Schemes $640k settled
CFTC v. Société Générale S.A. (benchmark submission rigging, 2018) CFTC 2018-06-04 Benchmark Submission Rigging , Price Manipulation $475m judgment
SEC v. Kon and Alexander (paid stock promotion, 2018) SEC 2018-05-29 Paid Stock Promotion $20k settled
SEC v. Todd David Alpert (insider trading, 2018) SEC 2018-05-18 Insider Trading $43.9k judgment
SEC v. Manhattan Transfer Registrar Company and John C. Ahearn (reverse merger schemes, 2018) SEC 2018-05-17 Reverse Merger Schemes , Undisclosed Control Blocks $50k settled
SEC v. Chardan Capital Markets, LLC (2018) SEC 2018-05-16 $1m settled
SEC v. Jerard Basmagy (2018) SEC 2018-05-16 $15k settled
AMF France v. Pascal Chevalier (insider trading, 2018) AMF (France) 2018-05-09 Insider Trading — settled
SEC v. Keith Houlihan (boiler rooms, 2018) SEC 2018-05-09 Boiler Rooms — judgment
CFTC v. Alcibiades Cifuentes (ponzi schemes, 2018) CFTC 2018-05-08 Ponzi Schemes $1.8m judgment
SEC v. Visium Asset Management, LP (insider trading, 2018) SEC 2018-05-08 Insider Trading , Mismarking $4.8m settled
AMF France v. X and D (false or misleading information, 2018) AMF (France) 2018-05-07 False Rumors — judgment
SEC v. Bovorn Rungruangnavarat (insider trading, 2018) SEC 2018-05-07 Insider Trading — settled
SEC v. David A. Zimliki and Russel P. Schiefer (insider trading, 2018) SEC 2018-05-04 Insider Trading $15.2k settled
OSC v. Harald Seemann, Jens Brandt and Karl Pawlowicz (spoofing, 2018) OSC 2018-05-03 Spoofing — unknown
AMF France v. A (layering, 2018) AMF (France) 2018-05-02 Layering — judgment
SEC v. Eddy U. Marin and Shane R. Spierdowis (pump and dump, 2018) SEC 2018-05-02 Pump And Dump , Unregistered Distributions — settled
SEC v. Small Business Capital Corp. and Mark Feathers (ponzi schemes, 2018) SEC 2018-05-02 Ponzi Schemes $10k judgment
CFTC v. Charles H. McAllister and BullionDirect (ponzi schemes, 2018) CFTC 2018-04-30 Ponzi Schemes — settled
CFTC v. Glencore Agriculture B.V. and Glencore Ltd. (wash trading, 2018) CFTC 2018-04-30 Wash Trading $2m judgment
SEC v. Christopher R. Esposito, et al. (undisclosed control blocks, 2018) SEC 2018-04-30 Undisclosed Control Blocks , Unregistered Distributions $168k judgment
SEC v. Diane J. Harrison, Michael J. Daniels and Catherine A. Bradaick-Zolla (shell factories, 2018) SEC 2018-04-30 Shell Factories , Undisclosed Control Blocks — judgment
SEC v. William T. Walters, et al. (insider trading, 2018) SEC 2018-04-30 Insider Trading — settled
SEC v. AF Ocean Investment Management Company (reverse merger schemes, 2018) SEC 2018-04-25 Reverse Merger Schemes , Undisclosed Control Blocks — settled
SEC v. Andy Z. Fan (fake press releases, 2018) SEC 2018-04-25 Fake Press Releases , Matched Orders +1 $140k settled
SEC v. ChinAmerica Andy Movie Entertainment Media Company (reverse merger schemes, 2018) SEC 2018-04-25 Reverse Merger Schemes , Undisclosed Control Blocks — settled
OSC v. Nicolas Blitterswyk (2018) OSC 2018-04-24 — settled
SEC v. Scott Newsholme (2018) SEC 2018-04-23 — judgment
CFTC v. Kantor et al. (rigged binary options execution, 2019) CFTC 2018-04-16 Rigged Binary Options Execution $2.8m judgment
SEC v. Douglas Nelson (insider trading, 2018) SEC 2018-04-16 Insider Trading $15.1k settled
AMF France v. Delta Drone, A, B, C and D (insider trading, 2018) AMF (France) 2018-04-13 Insider Trading — judgment