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. Defendants PMC (ponzi schemes, 2013) CFTC 2013-04-18 Ponzi Schemes $560k judgment
SEC v. Scott Reiman (insider trading, 2013) SEC 2013-04-15 Insider Trading $398k settled
CFTC v. New York Firm 4X Solutions (ponzi schemes, 2013) CFTC 2013-04-09 Ponzi Schemes — filed
SEC v. Sean Nathan Healy (ponzi schemes, 2013) SEC 2013-04-08 Ponzi Schemes — unknown
CFTC v. Cilli (ponzi schemes, 2013) CFTC 2013-03-28 Ponzi Schemes — unknown
OSC v. Stephen Campbell (wash trading, 2013) OSC 2013-03-26 Wash Trading — filed
OSC v. Fernando Honorate Fagundes also known as Henry Roche and New Futures Trading International Corporation (ponzi schemes, 2013) OSC 2013-03-18 Ponzi Schemes — judgment
SEC v. Banco Comercial Português, S.A. (unregistered distributions, 2013) SEC 2013-03-18 Unregistered Distributions $250k settled
CFTC v. Ronnie Gene Wilson (ponzi schemes, 2013) CFTC 2013-03-01 Ponzi Schemes $23m judgment
CFTC v. CME Group’s New York Mercantile Exchange and Two Former Employees (insider trading, 2013) CFTC 2013-02-22 Insider Trading — filed
SEC v. Tagliaferri and James S. (ponzi schemes, 2013) SEC 2013-02-21 Ponzi Schemes — judgment
CFTC v. Gelber Group (wash trading, 2013) CFTC 2013-02-09 Wash Trading $750k judgment
CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-02-07 Ponzi Schemes $2.4m settled
CFTC v. The Royal Bank of Scotland plc and RBS Securities Japan Limited (benchmark submission rigging, 2013) CFTC 2013-02-07 Benchmark Submission Rigging , Price Manipulation +1 $325m judgment
FCA v. The Royal Bank of Scotland plc (benchmark submission rigging, 2013) FCA 2013-02-06 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +2 — settled
SEC v. Ardsley Advisory Partners (rule 105 offering shorts, 2013) SEC 2013-02-05 Rule 105 Offering Shorts $253k settled
CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-01-29 Ponzi Schemes $1.5m settled
SEC v. Kris Chellam (insider trading, 2013) SEC 2013-01-10 Insider Trading — judgment
SEC v. Jetronic Industries, Inc. ( and others (custodianship shell hijacking, 2012) SEC 2012-06-25 Custodianship Shell Hijacking , Pump And Dump +1 — dismissed
SEC v. Peter Emrich and others (unregistered distributions, 2011) SEC 2011-12-30 Unregistered Distributions — dismissed
SEC v. Dohan + Company CPA and others (wash trading, 2011) SEC 2011-06-27 Wash Trading — dismissed
SEC v. David W. Baldt (insider trading, 2011) SEC 2011-04-21 Insider Trading — dismissed
SEC v. David E. Zilkha (insider trading, 2011) SEC 2011-04-13 Insider Trading $120k settled
SEC v. Lexington Resources, Inc. Atkins and others (unregistered distributions, 2009) SEC 2009-06-05 Unregistered Distributions — dismissed
SEC v. Anthony C. Snell and Charles E. LeCroy (insider trading, 2007) SEC 2007-05-03 Insider Trading — dismissed
SEC v. James F. Glaza d/b/a Falcon Financial Services, Inc. (unregistered distributions, 2005) SEC 2005-07-21 Unregistered Distributions — dismissed
SEC v. OTC Live, Inc. and Mark A. Suleymanov (paid stock promotion, 2004) SEC 2004-09-30 Paid Stock Promotion , Unregistered Distributions — dismissed
SEC v. Lorsin, Inc. and others (unregistered distributions, 2004) SEC 2004-05-11 Unregistered Distributions — judgment