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
CFTC v. Kane Capital Investment Group and Amrit Chahal (ponzi schemes, 2018) CFTC 2018-04-12 Ponzi Schemes — settled
SEC v. Amrit J. S. Chahal (ponzi schemes, 2018) SEC 2018-04-12 Ponzi Schemes — judgment
SEC v. Wellness Center USA, Inc. (fake press releases, 2018) SEC 2018-04-12 Fake Press Releases — settled
SEC v. William C. Gennity and Rocco Roveccio (churning, 2018) SEC 2018-04-11 Churning $320k settled
South Australian day trader sentenced for market manipulation (ASIC, 2018) ASIC 2018-04-10 Price Manipulation — judgment
CFTC v. Anuj C. Singhal (spoofing, 2018) CFTC 2018-04-09 Spoofing $150k judgment
SEC v. The Lifepay Group, Clifton E. Stanley and Michael E. Watts (ponzi schemes, 2018) SEC 2018-04-06 Ponzi Schemes — settled
SEC v. Peter H. Pocklington, The Eye Machine LLC and others (boiler rooms, 2018) SEC 2018-04-05 Boiler Rooms , Unregistered Distributions $2.4m settled
SEC v. Joseph Meli and Craig H. Carton (ponzi schemes, 2018) SEC 2018-04-05 Ponzi Schemes — settled
SEC v. Saverio J. Barbera (insider trading, 2018) SEC 2018-04-05 Insider Trading $290k settled
SEC v. Christopher James Lollar (insider trading, 2018) SEC 2018-04-04 Insider Trading $214k judgment
SEC v. Michael Scronic (ponzi schemes, 2018) SEC 2018-04-04 Ponzi Schemes — settled
SEC v. Shane P. Fleming, et al. (insider trading, 2018) SEC 2018-04-04 Insider Trading — settled
SEC v. Sohrab ("Sam") Sharma and Robert Farkas (unregistered distributions, 2018) SEC 2018-04-02 Unregistered Distributions , Price Manipulation — judgment
OSC v. Martin Bernholtz (insider trading, 2018) OSC 2018-03-29 Insider Trading — settled
OSC v. David Tuan Seng Lim and Michael Mugford (pump and dump, 2018) OSC 2018-03-28 Pump And Dump , Paid Stock Promotion — judgment
SEC v. Aegis Capital Corporation (2018) SEC 2018-03-28 $750k settled
SEC v. Nauman A. Aly (sham tender offers, 2018) SEC 2018-03-28 EDGAR Filing Fraud , Sham Tender Offers — judgment
SEC v. Terracciano and Eugene (2018) SEC 2018-03-28 $20k settled
SEC v. Timary Delorme (pump and dump, 2018) SEC 2018-03-27 Pump And Dump , Matched Orders $50k settled
SEC v. Joseph Spera, et al. (insider trading, 2018) SEC 2018-03-26 Insider Trading — settled
SEC v. Jon E. Montroll and Bitfunder (unregistered distributions, 2018) SEC 2018-03-23 Unregistered Distributions — settled
SEC v. Jun Ying (insider trading, 2018) SEC 2018-03-22 Insider Trading — judgment
SEC v. Robert W. Murray (sham tender offers, 2018) SEC 2018-03-22 EDGAR Filing Fraud , Sham Tender Offers — settled
SEC v. Steven Metro (insider trading, 2018) SEC 2018-03-19 Insider Trading $25k judgment
SEC v. Beaufort Securities Ltd. and others (matched orders, 2018) SEC 2018-03-16 Matched Orders , Pump And Dump — settled
SEC v. Spark Trading Group LLC and Niket Shah (ponzi schemes, 2018) SEC 2018-03-12 Ponzi Schemes $371k judgment
SEC v. Merrill Lynch and Pierce and Fenner & Smith Incorporated (unregistered distributions, 2018) SEC 2018-03-08 Unregistered Distributions $1.3m settled
SEC v. New York Stock Exchange LLC, NYSE American LLC and NYSE Arca, Inc. (2018) SEC 2018-03-06 $14m settled
SEC v. Stefan Lumiere (mismarking, 2018) SEC 2018-03-05 Mismarking — judgment
SEC v. AmeraTex Energy, Inc., et al (unregistered distributions, 2018) SEC 2018-02-28 Unregistered Distributions — settled
SEC v. Analytica Bio-Energy Corp., Douglas Murdock, Luiz Brasil and Marvin Winick (undisclosed control blocks, 2018) SEC 2018-02-28 Undisclosed Control Blocks — settled
SEC v. Yang Xie (insider trading, 2018) SEC 2018-02-28 Insider Trading $6.7k settled
SEC v. Eric McPhail, et al. (insider trading, 2018) SEC 2018-02-20 Insider Trading $192k judgment
FCA v. Guillaume Adolph (benchmark submission rigging, 2018) FCA 2018-02-15 Benchmark Submission Rigging — settled
SEC v. Ara Chackerian (insider trading, 2018) SEC 2018-02-12 Insider Trading $157k settled
SEC v. Geoffrey H. Lunn (2018) SEC 2018-02-12 $5.5m judgment
Operators of 'binary options trading boiler room' banned following conviction (ASIC, 2018) ASIC 2018-02-08 — unknown
CFTC v. Deutsche Bank Securities Inc. (benchmark submission rigging, 2018) CFTC 2018-02-01 Benchmark Submission Rigging , Price Manipulation $70m judgment
ASIC commences civil penalty proceedings against Commonwealth Bank of Australia for BBSW conduct (2018) ASIC 2018-01-30 Price Manipulation — settled
SEC v. Daniel T. Fischer (churning, 2018) SEC 2018-01-30 Churning — settled
CFTC v. Andre Flotron (spoofing, 2018) CFTC 2018-01-29 Spoofing $100k settled
CFTC v. Deutsche Bank (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $30m judgment
CFTC v. HSBC Securities (USA) Inc. (spoofing, 2018) CFTC 2018-01-29 Spoofing $1.6m judgment
CFTC v. James Vorley and Cedric Chanu (spoofing, 2018) CFTC 2018-01-29 Spoofing $300k settled
CFTC v. Jiongsheng Zhao (spoofing, 2018) CFTC 2018-01-29 Spoofing — settled
CFTC v. Jitesh Thakkar and Edge Financial Technologies (spoofing, 2018) CFTC 2018-01-29 Spoofing $48.4k settled
CFTC v. Krishna Mohan (spoofing, 2018) CFTC 2018-01-29 Spoofing — settled
CFTC v. UBS (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $15m judgment
SEC v. One or More Unknown Traders in the Securities of Bioverativ, Inc. (insider trading, 2018) SEC 2018-01-26 Insider Trading $9.9m judgment
SEC v. Ash Narayan, The Ticket Reserve Inc. a/k/a Forward Market Media, Inc., Richard M. Harmon, and John A. Kaptrosky (ponzi schemes, 2018) SEC 2018-01-22 Ponzi Schemes $325k judgment
CFTC v. Dean and The Entrepreneurs Headquarters (ponzi schemes, 2018) CFTC 2018-01-18 Ponzi Schemes $1.5m judgment
CFTC v. Crater, Gillespie and My Big Coin Pay (ponzi schemes, 2018) CFTC 2018-01-16 Ponzi Schemes — settled
SEC v. David S. Haddad, et al. (ponzi schemes, 2018) SEC 2018-01-11 Ponzi Schemes $181k judgment
AMF France v. Scientex (insider trading, 2018) AMF (France) 2018-01-10 Insider Trading — settled
AMF France v. Timothée Muller (insider trading, 2018) AMF (France) 2018-01-10 Insider Trading — settled
FCA v. Neil Danziger (benchmark submission rigging, 2018) FCA 2018-01-08 Benchmark Submission Rigging , Wash Trading — judgment
AMF France v. Cybergun, Ingeco, A and B (insider trading, 2017) AMF (France) 2017-12-21 Insider Trading — judgment
SEC v. Stephen C. Peters, VisionQuest Wealth Management, LLC, VisionQuest Capital, LLC, and VQ Wealth, LLC (ponzi schemes, 2017) SEC 2017-12-21 Ponzi Schemes — judgment
SEC v. Robert H. Shapiro and Woodbridge Group of Companies (ponzi schemes, 2017) SEC 2017-12-20 Ponzi Schemes $100m settled
SEC v. Ronald A. Fossum, Jr. and Alonzo R. Cahoon (unregistered distributions, 2017) SEC 2017-12-20 Unregistered Distributions $320k settled
AMF France v. A and B (insider trading, 2017) AMF (France) 2017-12-18 Insider Trading , Front Running — judgment
AMF France v. A (insider trading, 2017) AMF (France) 2017-12-18 Insider Trading — judgment
SEC v. Jason A. Wallace (boiler rooms, 2017) SEC 2017-12-18 Boiler Rooms $435k judgment
ASIC v. Interactive Brokers LLC (marking the close, 2017) ASIC 2017-12-14 Marking The Close — settled
SEC v. Kenneth Peer (insider trading, 2017) SEC 2017-12-14 Insider Trading $10.2k settled
SEC v. Lanny Brown, et al. (insider trading, 2017) SEC 2017-12-14 Insider Trading — settled
AAT upholds ASIC bans of client advisers for trading in 'MINI' warrants (ASIC, 2017) ASIC 2017-12-11 Matched Orders — judgment
OSC v. Aurora Cannabis Inc. and others (2017) OSC 2017-12-08 — judgment
SEC v. Stephen J. Leonard (insider trading, 2017) SEC 2017-12-07 Insider Trading $107k judgment
AMF France v. Syquant Capital (layering, 2017) AMF (France) 2017-12-01 Layering , Price Manipulation — settled
AMF France v. Talence Gestion (SAS) (marking the close, 2017) AMF (France) 2017-11-30 Marking The Close — settled
AMF France v. Régis Lefort (marking the close, 2017) AMF (France) 2017-11-30 Marking The Close — settled
SEC v. Palladino and James M. (2017) SEC 2017-11-29 — settled
FCA v. Paul Axel Walter (price manipulation, 2017) FCA 2017-11-22 Price Manipulation , Spoofing — settled
SEC v. Capital Financial Partners, Allen and Daub: final judgments (ponzi schemes, 2017) SEC 2017-11-17 Ponzi Schemes — judgment
Caloundra man charged for insider trading (ASIC, 2017) ASIC 2017-11-16 Insider Trading — judgment
CFTC v. INTL FCStone Financial Inc. and FCStone Merchant Services LLC (exchange for related position transactions, 2017) CFTC 2017-11-14 $280k settled
CFTC v. Statoil ASA (price manipulation, 2017) CFTC 2017-11-14 Price Manipulation , Settlement Price Manipulation $4m settled
SEC v. Susan L. Ellerin and Edward D. Blumstein (insider trading, 2017) SEC 2017-11-14 Insider Trading — settled
Operators of 'binary options trading boiler room' convicted and sentenced (ASIC, 2017) ASIC 2017-11-09 — judgment
SEC v. Robert W. Murray (sham tender offers, 2017) SEC 2017-11-09 EDGAR Filing Fraud , Sham Tender Offers — settled
SEC v. The End of the Rainbow Partners and the Estate of Michael F. Anderson (ponzi schemes, 2017) SEC 2017-11-08 Ponzi Schemes — judgment
SEC v. James P. Kolf (2017) SEC 2017-11-03 — settled
SEC v. Joseph Meli, et al. and Craig H. Carton, et al. (ponzi schemes, 2017) SEC 2017-10-31 Ponzi Schemes — settled
SEC v. Millennium Management LLC (rule 105 offering shorts, 2017) SEC 2017-10-31 Rule 105 Offering Shorts $300k settled
SEC v. Andalusian Resorts and Spas, Inc., John Madsen and Bernard Fried (fake press releases, 2017) SEC 2017-10-30 Fake Press Releases , Pump And Dump +1 $80k judgment
SEC v. Joseph P. Willner (hijacked account ramping, 2017) SEC 2017-10-30 Hijacked Account Ramping — judgment
SEC v. Artemus Mayor (pump and dump, 2017) SEC 2017-10-26 Pump And Dump $160k settled
SEC v. Henry Lin-Han Jan (pump and dump, 2017) SEC 2017-10-26 Pump And Dump $160k settled
SEC v. Canterbury Consulting, Inc. (2017) SEC 2017-10-26 $100k settled
SEC v. J. Patrick O'Neill and Robert H. Bray (insider trading, 2017) SEC 2017-10-25 Insider Trading — judgment
SEC v. James M. Schneider and Andrew H. Wilson (blank check shells, 2017) SEC 2017-10-11 Reverse Merger Schemes , Unregistered Distributions — settled
CFTC v. Arab Global Commodities DMCC (spoofing, 2017) CFTC 2017-10-10 Spoofing $300k judgment
SEC v. Marc A. Celello (ponzi schemes, 2017) SEC 2017-10-05 Ponzi Schemes — settled
SEC v. Homero Joshua Garza (ponzi schemes, 2017) SEC 2017-10-04 Ponzi Schemes — judgment
SEC v. Arun J. Singh (insider trading, 2017) SEC 2017-10-03 Insider Trading $25k judgment
SEC v. Wayne Weaver (Jammin' Java pump and dump, 2017) SEC 2017-10-03 Pump And Dump $26.4m appealed
AMF France v. X and A (insider trading, 2017) AMF (France) 2017-09-29 Insider Trading — dismissed
CFTC v. Logista Advisors LLC (spoofing, 2017) CFTC 2017-09-29 Spoofing $250k judgment