Market Manipulation. Search

Market manipulation case library

This library records 2,348 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
2,348
Total penalties
$15.4bn
Median penalty
$255k
Agencies
5
Techniques
37

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 709 Ponzi schemes 568 Paid stock promotion 222 Unregistered distributions 137 Pump and dump 128 Price manipulation 124 Spoofing 120 Undisclosed control blocks 120 Wash trading 108 Boiler rooms 75 Reverse merger schemes 66 Benchmark submission rigging 53 The naked short selling debate 43 Matched orders 38 Churning 21 Layering 19 Free riding and parking 18 Fake press releases 16 Cash versus derivatives schemes 15 Newsletter scalping 15 Marking the close 13 Front running 12 Chat group pumps 11 FX fixing 11 Shell factories 8 False rumours 5 Custodianship shell hijacking 5 Settlement price manipulation 4 Exchange wash trading 3 Banging the close 3 Engineered short squeeze 2 Marking the open 1 Rug pulls 1 Insider listing trading 1 Oracle manipulation 1 Float locking 1 Dilution death spirals 1

By agency

ASIC 112 CFTC 347 FCA 47 OSC 71 SEC 1771

By year filed

2026 91 2025 120 2024 193 2023 223 2022 188 2021 159 2020 200 2019 192 2018 244 2017 228 2016 194 2015 229 2014 44 2013 43

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. U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC (layering, 2015) CFTC 2015-04-22 Layering , Price Manipulation +1 — judgment
CFTC v. Florida Resident Dorian A. Garcia and his Companies (ponzi schemes, 2015) CFTC 2015-04-21 Ponzi Schemes — filed
SEC v. Joseph John Labadia (undisclosed control blocks, 2015) SEC 2015-04-17 Unregistered Distributions — settled
SEC v. Schalk and Russell C., Jr. (undisclosed control blocks, 2015) SEC 2015-04-17 Undisclosed Control Blocks $1.6m settled
SEC v. Daniel P. McKelvey, et al. (pump and dump, 2015) SEC 2015-04-16 Pump And Dump , Reverse Merger Schemes — settled
SEC v. eCareer Holdings, Inc., eCareer, Inc., Joseph J. Azzata, Dean A. Esposito, Joseph DeVito, and Frederick J. Birks, et al. (boiler rooms, 2015) SEC 2015-04-16 Boiler Rooms — unknown
SEC v. Edward T. Farmer (undisclosed control blocks, 2015) SEC 2015-04-16 Undisclosed Control Blocks — settled
SEC v. Kevin D. Miller (undisclosed control blocks, 2015) SEC 2015-04-16 Undisclosed Control Blocks — settled
SEC v. Ronald A. Warren (undisclosed control blocks, 2015) SEC 2015-04-16 Undisclosed Control Blocks — settled
SEC v. William J. Gaffney (undisclosed control blocks, 2015) SEC 2015-04-16 Undisclosed Control Blocks — settled
SEC v. James A. Evans, Jr., d/b/a Cashflowbot.com, d/b/a DollarMonster (ponzi schemes, 2015) SEC 2015-04-13 Ponzi Schemes — unknown
SEC v. Mieka Energy Corporation, et al. (paid stock promotion, 2015) SEC 2015-04-10 Paid Stock Promotion — filed
SEC v. Capital Financial Partners, LLC et al. (ponzi schemes, 2015) SEC 2015-04-07 Ponzi Schemes — unknown
SEC v. Team Resources, Inc., et al. (unregistered distributions, 2015) SEC 2015-04-06 Unregistered Distributions — settled
CFTC v. Kraft Foods Group (price manipulation, 2015) CFTC 2015-04-02 Price Manipulation — unknown
SEC v. David Craven et al. (pump and dump, 2015) SEC 2015-04-01 Pump And Dump , Wash Trading — filed
OSC v. Andre Lewis (ponzi schemes, 2015) OSC 2015-04-01 Ponzi Schemes — filed
CFTC v. Daniel Shak (price manipulation, 2015) CFTC 2015-03-31 Price Manipulation $100k judgment
FCA v. Kenneth George Carver (insider trading, 2015) FCA 2015-03-30 Insider Trading — settled
SEC v. Gregory W. Gray, Jr., et al. (ponzi schemes, 2015) SEC 2015-03-27 Ponzi Schemes — filed
Two men sentenced in Australia’s largest insider trading case (ASIC, 2015) ASIC 2015-03-17 Insider Trading — dismissed
SEC v. Anthony J. Ciabattoni (undisclosed control blocks, 2015) SEC 2015-03-13 Undisclosed Control Blocks — settled
SEC v. Berjaya Lottery Management (H.K.) Ltd. (undisclosed control blocks, 2015) SEC 2015-03-13 Undisclosed Control Blocks — settled
SEC v. Brian Potiker (undisclosed control blocks, 2015) SEC 2015-03-13 Undisclosed Control Blocks — settled
SEC v. Jane G. Ciabattoni (undisclosed control blocks, 2015) SEC 2015-03-13 Undisclosed Control Blocks — settled
SEC v. Shuipan Lin (undisclosed control blocks, 2015) SEC 2015-03-13 Undisclosed Control Blocks — settled
SEC v. SMP Investments I, LLC (undisclosed control blocks, 2015) SEC 2015-03-13 Undisclosed Control Blocks — settled
SEC v. The Ciabattoni Living Trust Dated August 17 and 2000 (undisclosed control blocks, 2015) SEC 2015-03-13 Undisclosed Control Blocks — settled
SEC v. William A. Houlihan (undisclosed control blocks, 2015) SEC 2015-03-13 Undisclosed Control Blocks — settled
OSC v. Anand Hariharan and Satish Talawdekar (insider trading, 2015) OSC 2015-03-11 Insider Trading — unknown
SEC v. Bonan Huang and Nan Huang (insider trading, 2015) SEC 2015-03-10 Insider Trading — judgment
SEC v. Zeringue, et al. (insider trading, 2015) SEC 2015-03-06 Insider Trading — settled
SEC v. Gary Eugene Patterson, Esq. (undisclosed control blocks, 2015) SEC 2015-03-03 Undisclosed Control Blocks — settled
SEC v. Gary S. Williky (insider trading, 2015) SEC 2015-03-02 Insider Trading , Newsletter Scalping +3 — settled
SEC v. Joseph A. Noel (pump and dump, 2015) SEC 2015-02-26 Pump And Dump — judgment
SEC v. Mark A. Lefkowitz, et al. (unregistered distributions, 2015) SEC 2015-02-24 Unregistered Distributions — judgment
SEC v. John A. Geringer (paid stock promotion, 2015) SEC 2015-02-23 Paid Stock Promotion , Ponzi Schemes — judgment
SEC v. Scott Zeringue and Jesse Roberts, III (insider trading, 2015) SEC 2015-02-19 Insider Trading $64k judgment
SEC v. Kristine L. Johnson, Troy A. Barnes, Work with Troy Barnes, Inc. (d/b/a) The Achieve Community, Defendants, and Achieve International, LLC, Relief Defendant (ponzi schemes, 2015) SEC 2015-02-18 Ponzi Schemes — unknown
SEC v. Steven B. Hart (insider trading, 2015) SEC 2015-02-18 Insider Trading — settled
SEC v. Caledonian Bank Ltd., et al. (unregistered distributions, 2015) SEC 2015-02-11 Unregistered Distributions — filed
SEC v. Hill and Charles L., Jr. (insider trading, 2015) SEC 2015-02-11 Insider Trading — unknown
SEC v. Mountain Share Transfer, LLC and Erik Sterling Nelson (undisclosed control blocks, 2015) SEC 2015-02-06 Undisclosed Control Blocks $10k settled
SEC v. John Gray et al. (insider trading, 2015) SEC 2015-02-05 Insider Trading — settled
SEC v. Joel J. Epstein (insider trading, 2015) SEC 2015-02-03 Insider Trading — judgment
SEC v. Phillip Cory Roberts (reverse merger schemes, 2015) SEC 2015-02-03 Reverse Merger Schemes — judgment
SEC v. Edwin Yoshihiro Fujinaga and MRI International, Inc., et al. (ponzi schemes, 2015) SEC 2015-01-30 Ponzi Schemes — judgment
SEC v. Francisco Illarramendi, et al. (ponzi schemes, 2015) SEC 2015-01-30 Ponzi Schemes — judgment
SEC v. International Capital Group, LLC (reverse merger schemes, 2015) SEC 2015-01-29 Reverse Merger Schemes , Unregistered Distributions $1.5m settled
SEC v. Loren W. Holzhueter, et al. (ponzi schemes, 2015) SEC 2015-01-29 Ponzi Schemes — unknown
SEC v. Oppenheimer & Co. Inc. (pump and dump, 2015) SEC 2015-01-27 Pump And Dump , Unregistered Distributions — filed
FCA v. David Caplin (benchmark submission rigging, 2015) FCA 2015-01-22 Benchmark Submission Rigging , Price Manipulation +1 — settled
FCA v. Jeremy Kraft (benchmark submission rigging, 2015) FCA 2015-01-22 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +2 — settled
SEC v. du Pasquier & Co., Inc. (naked short selling debate, 2015) SEC 2015-01-21 Naked Short Selling Debate — settled
SEC v. Frederic Elm f/k/a Frederic Elmaleh, et al. (ponzi schemes, 2015) SEC 2015-01-21 Ponzi Schemes — judgment
SEC v. Robert A. Ramsey, CPA (insider trading, 2015) SEC 2015-01-21 Insider Trading — settled
SEC v. Charles Irizarry (undisclosed control blocks, 2015) SEC 2015-01-15 Undisclosed Control Blocks — settled
SEC v. Stuart Carnie (undisclosed control blocks, 2015) SEC 2015-01-15 Undisclosed Control Blocks — settled
SEC v. Wayne Middleton (undisclosed control blocks, 2015) SEC 2015-01-15 Undisclosed Control Blocks — settled
CFTC v. Allied Markets LLC (ponzi schemes, 2015) CFTC 2015-01-13 Ponzi Schemes — filed
SEC v. Aleksandr Milrud (layering, 2015) SEC 2015-01-13 Layering — judgment
CFTC v. Royal Bank (wash trading, 2014) CFTC 2014-12-19 Wash Trading $35m judgment
Former Genetic Technologies CEO jailed for market manipulation (ASIC, 2014) ASIC 2014-11-28 Price Manipulation — unknown
CFTC v. Five Banks (benchmark submission rigging, 2014) CFTC 2014-11-13 Benchmark Submission Rigging , FX Fixing +1 $1.4bn judgment
Victorian couple charged with $1.5 million fraud (ASIC, 2014) ASIC 2014-11-11 Ponzi Schemes — filed
FCA v. Citibank N.A. (benchmark submission rigging, 2014) FCA 2014-11-11 Benchmark Submission Rigging , FX Fixing — settled
FCA v. HSBC Bank plc (benchmark submission rigging, 2014) FCA 2014-11-11 Benchmark Submission Rigging , FX Fixing — settled
FCA v. JPMorgan Chase Bank N.A. (benchmark submission rigging, 2014) FCA 2014-11-11 Benchmark Submission Rigging , FX Fixing — settled
FCA v. The Royal Bank of Scotland plc (benchmark submission rigging, 2014) FCA 2014-11-11 Benchmark Submission Rigging , FX Fixing — settled
FCA v. UBS AG (benchmark submission rigging, 2014) FCA 2014-11-11 Benchmark Submission Rigging , FX Fixing — settled
CFTC v. unnamed respondents (wash trading, 2014) CFTC 2014-11-07 Wash Trading — filed
CFTC v. MF Global Inc. (boiler rooms, 2014) CFTC 2014-11-07 Boiler Rooms , Matched Orders +1 — settled
Former Genetic Technologies CEO convicted of market manipulation (ASIC, 2014) ASIC 2014-11-05 Price Manipulation — unknown
New South Wales man pleads guilty to market manipulation (ASIC, 2014) ASIC 2014-10-16 Matched Orders , Price Manipulation — unknown
Former Hanlong managing director extradited, charged with insider trading (ASIC, 2014) ASIC 2014-10-10 Insider Trading — judgment
Former director of Northern Star Resources Limited charged with insider trading (ASIC, 2014) ASIC 2014-10-08 Insider Trading — filed
CFTC v. Defendant Eric Moncada (price manipulation, 2014) CFTC 2014-10-02 Price Manipulation , Wash Trading $1.6m judgment
CFTC v. Defendant Daniel Shak (price manipulation, 2014) CFTC 2014-10-01 Price Manipulation $400k filed
CFTC v. Utah Resident Scott A. Beatty and his Company (ponzi schemes, 2014) CFTC 2014-10-01 Ponzi Schemes $1m judgment
CFTC v. Fan Zhang (matched orders, 2014) CFTC 2014-09-30 Matched Orders , Wash Trading $250k judgment
CFTC v. Illinois Resident Gerald J. Considine and His Companies (wash trading, 2014) CFTC 2014-09-30 Wash Trading — filed
CFTC v. Absa Bank (matched orders, 2014) CFTC 2014-09-26 Matched Orders , Wash Trading $150k judgment
CFTC v. Ohio Resident John R. Bullar and his Company (ponzi schemes, 2014) CFTC 2014-09-24 Ponzi Schemes , Wash Trading — filed
CFTC v. Ohio Resident Glen Galemmo (ponzi schemes, 2014) CFTC 2014-09-17 Ponzi Schemes — filed
CFTC v. SAC LP (insider trading, 2014) CFTC 2014-09-17 Insider Trading — unknown
CFTC v. Brian Hunter (price manipulation, 2014) CFTC 2014-09-16 Price Manipulation $7.5m judgment
CFTC v. Morgan Stanley Smith Barney (ponzi schemes, 2014) CFTC 2014-09-16 Ponzi Schemes $280k judgment
CFTC v. FirstRand Bank (matched orders, 2014) CFTC 2014-08-28 Matched Orders , Wash Trading $150k judgment
CFTC v. North Carolina Resident Edwin A. Vasquez and His Company Vasquez Global Investments (ponzi schemes, 2014) CFTC 2014-08-08 Ponzi Schemes — filed
CFTC v. Parnon Energy Inc. (price manipulation, 2014) CFTC 2014-08-05 Price Manipulation $13m settled
CFTC v. Lloyds Banking Group and Lloyds Bank (benchmark submission rigging, 2014) CFTC 2014-07-29 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +1 $105m judgment
CFTC v. Robert Andres (ponzi schemes, 2014) CFTC 2014-06-20 Ponzi Schemes $32.4m judgment
FCA v. Daniel James Plunkett Individual (benchmark submission rigging, 2014) FCA 2014-05-23 Benchmark Submission Rigging — settled
CFTC v. RP Martin Holdings Limited and Its Subsidiary (benchmark submission rigging, 2014) CFTC 2014-05-16 Benchmark Submission Rigging , Price Manipulation +1 $1.2m judgment
FCA v. Martin Brokers (UK) Ltd (Martins) (benchmark submission rigging, 2014) FCA 2014-05-15 Benchmark Submission Rigging , Price Manipulation +2 — settled
OSC v. Duncan Cleworth and others (ponzi schemes, 2014) OSC 2014-05-14 Ponzi Schemes , Unregistered Distributions — judgment
OSC v. Matthew Schloen (insider trading, 2014) OSC 2014-04-03 Insider Trading — unknown
CFTC v. unnamed respondents (ponzi schemes, 2014) CFTC 2014-04-01 Ponzi Schemes $5.8m judgment
CFTC v. Defendants Ward Onsa (ponzi schemes, 2014) CFTC 2014-04-01 Ponzi Schemes $5.7m judgment
CFTC v. Defendants (ponzi schemes, 2014) CFTC 2014-03-22 Ponzi Schemes $2.2m filed