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. Christopher Salis, Douglas Miller, Edward Miller, and Barrett Biehl (insider trading, 2016) SEC 2016-06-16 Insider Trading — settled
SEC v. 2 West, Inc. (rule 105 offering shorts, 2016) SEC 2016-06-14 Rule 105 Offering Shorts $707k settled
SEC v. Andrew K. Proctor, et al. (2016) SEC 2016-06-14 $5.3m settled
SEC v. Providence Financial Investments, Inc., Providence Fixed Income Fund, LLC, Jeffory Churchfield, and Jack Jarrell (unregistered distributions, 2016) SEC 2016-06-13 Unregistered Distributions $150k settled
SEC v. Wayne L. Palmer (ponzi schemes, 2016) SEC 2016-06-13 Ponzi Schemes $1.1m judgment
SEC v. Gary C. Heath (Dynkowski penny stock manipulation, 2016) SEC 2016-06-09 Pump And Dump $83.2k judgment
SEC v. Guolin Ma (insider trading, 2016) SEC 2016-06-09 Insider Trading $367k settled
SEC v. Michael J. Maciocio and David P. Hobson (insider trading, 2016) SEC 2016-06-08 Insider Trading — settled
SEC v. Vinay Kumar Nevatia (2016) SEC 2016-06-07 $630k judgment
Sydney man jailed on insider trading charges (ASIC, 2016) ASIC 2016-06-03 Insider Trading — judgment
CFTC v. Haena Park and Phaetra Capital (ponzi schemes, 2016) CFTC 2016-06-03 Ponzi Schemes $175k judgment
OSC v. Andrei Miguel Postrado (insider trading, 2016) OSC 2016-06-03 Insider Trading — settled
SEC v. Peter D. Nunan (insider trading, 2016) SEC 2016-06-03 Insider Trading $255k settled
SEC v. Jack Halperin (Spongetech pump and dump, 2016) SEC 2016-06-02 Pump And Dump $100k judgment
SEC v. Albert Fried & Company, LLC (2016) SEC 2016-06-01 $300k settled
SEC v. Steven V. McClatchey and Gary J. Pusey (insider trading, 2016) SEC 2016-06-01 Insider Trading — settled
SEC v. JSG Capital Investments, Gill and Rios (ponzi schemes, 2016) SEC 2016-05-31 Ponzi Schemes $5.7m settled
SEC v. Federated Global Investment Management Corp. (2016) SEC 2016-05-27 $1.5m settled
SEC v. Christopher R. Esposito, et al. (undisclosed control blocks, 2016) SEC 2016-05-26 Undisclosed Control Blocks , Unregistered Distributions $1.9m judgment
CFTC v. Citibank (benchmark submission rigging, 2016) CFTC 2016-05-25 Benchmark Submission Rigging , Price Manipulation $175m judgment
SEC v. David B. Kaplan and Synchronized Organizational Solutions (ponzi schemes, 2016) SEC 2016-05-19 Ponzi Schemes $300k settled
OSC v. Fernando Postrado (insider trading, 2016) OSC 2016-05-17 Insider Trading — settled
SEC v. John Patrick O'Neill (insider trading, 2016) SEC 2016-05-13 Insider Trading — judgment
SEC v. Imran Husain, et al. (shell factories, 2016) SEC 2016-05-12 Shell Factories — filed
SEC v. Louis Martin Blazer III (2016) SEC 2016-05-06 — settled
FCA v. Mark Samuel Taylor (insider trading, 2016) FCA 2016-05-05 Insider Trading — settled
SEC v. Marquis Properties LLC, Chad Deucher and Richard Clatfelter (ponzi schemes, 2016) SEC 2016-05-05 Ponzi Schemes $130k settled
SEC v. Richard St. Julien et al. (paid stock promotion, 2016) SEC 2016-05-03 Paid Stock Promotion — settled
AMF France v. Sofra and A (insider trading, 2016) AMF (France) 2016-04-27 Insider Trading — judgment
SEC v. Asher Z. Zwebner, Luke C. Zouvas and others (pump and dump, 2016) SEC 2016-04-26 Pump And Dump , Shell Factories $150k judgment
SEC v. Sky Capital LLC, Ross Mandell and others (boiler rooms, 2016) SEC 2016-04-22 Boiler Rooms — judgment
SEC v. Ener1, Inc. (2016) SEC 2016-04-19 $180k settled
SEC v. Ariel Quiros, William Stenger and Jay Peak (ponzi schemes, 2016) SEC 2016-04-14 Ponzi Schemes $1m settled
SEC v. John Afriyie (insider trading, 2016) SEC 2016-04-14 Insider Trading — unknown
SEC v. Town of Ramapo and others (municipal bond disclosure, 2016) SEC 2016-04-14 $362k judgment
SEC v. Efim Aksanov (pump and dump, 2016) SEC 2016-04-12 Pump And Dump — judgment
SEC v. William E. Mapp, III, et al. (paid stock promotion, 2016) SEC 2016-04-11 Paid Stock Promotion $200k settled
FCA v. Paul White (benchmark submission rigging, 2016) FCA 2016-04-08 Benchmark Submission Rigging — judgment
SEC v. David Aubel and Robert Raffa (pump and dump, 2016) SEC 2016-04-07 Pump And Dump , Undisclosed Control Blocks $150k judgment
SEC v. Edward Laborio, et al. (boiler rooms, 2016) SEC 2016-04-07 Boiler Rooms — judgment
CFTC v. Heet Khara and Nasim Salim (spoofing, 2016) CFTC 2016-04-05 Spoofing $2.7m judgment
CFTC v. Michael Pucciarelli and Badge Trading LLC (non-bona fide exchange for physical transactions, 2016) CFTC 2016-04-05 $280k settled
SEC v. Steve Pappas (2016) SEC 2016-04-05 $50k settled
SEC v. John Scott Clark (2016) SEC 2016-03-31 — settled
SEC v. Christopher M. Gibson (front running, 2016) SEC 2016-03-29 Front Running — dismissed
SEC v. Tobin Smith, et al. (paid stock promotion, 2016) SEC 2016-03-29 Paid Stock Promotion $75k settled
SEC v. Arcturus Corporation, et al. (unregistered distributions, 2016) SEC 2016-03-24 Unregistered Distributions — judgment
SEC v. Canaccord Genuity Inc. (2016) SEC 2016-03-24 $100k settled
SEC v. Daniel Rivera, Matthew Rivera and Robbins Lane (ponzi schemes, 2016) SEC 2016-03-24 Ponzi Schemes $260k settled
SEC v. Guy Gentile (paid stock promotion, 2016) SEC 2016-03-23 Paid Stock Promotion — filed
SEC v. Gedrey Thompson (ponzi schemes, 2016) SEC 2016-03-21 Ponzi Schemes — judgment
SEC v. John E. Hardy III (insider trading, 2016) SEC 2016-03-18 Insider Trading $184k settled
SEC v. Eric J. Wolff (insider trading, 2016) SEC 2016-03-16 Insider Trading $87.6k settled
SEC v. Yue Han, et al. (insider trading, 2016) SEC 2016-03-16 Insider Trading — judgment
SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-03-15 Ponzi Schemes $160k judgment
SEC v. Royal Alliance Associates, Inc., SagePoint Financial, Inc. and FSC Securities Corporation (2016) SEC 2016-03-14 $7.5m settled
Former Hanlong managing director sentenced to more than 8 years jail for insider trading (ASIC, 2016) ASIC 2016-03-11 Insider Trading — judgment
SEC v. Aequitas Management, LLC, et al. (ponzi schemes, 2016) SEC 2016-03-11 Ponzi Schemes — settled
SEC v. PTG Capital Partners LTD, et al. (sham tender offers, 2016) SEC 2016-03-11 EDGAR Filing Fraud , Sham Tender Offers $1.5m judgment
SEC v. Edwin Yoshihiro Fujinaga and MRI International, Inc., et al. (ponzi schemes, 2016) SEC 2016-03-09 Ponzi Schemes — judgment
SEC v. Delaney and Yancey (naked short selling debate, 2016) SEC 2016-03-07 Naked Short Selling Debate — judgment
SEC v. Daryl M. Payton, et al. (insider trading, 2016) SEC 2016-03-02 Insider Trading — judgment
SEC v. Craig N. Salamone (insider trading, 2016) SEC 2016-03-01 Insider Trading $4.7k settled
SEC v. Garfield M. Taylor (ponzi schemes, 2016) SEC 2016-03-01 Ponzi Schemes — judgment
SEC v. Zachary Zwerko and David L. Post (insider trading, 2016) SEC 2016-03-01 Insider Trading — judgment
Court reduces jail time for New South Wales man sentenced for market manipulation (ASIC, 2016) ASIC 2016-02-29 Matched Orders , Price Manipulation — judgment
SEC v. Bonan Huang, et al. (insider trading, 2016) SEC 2016-02-26 Insider Trading $8.8m judgment
SEC v. Steven Fishoff, et al. (insider trading, 2016) SEC 2016-02-24 Insider Trading — judgment
SEC v. IBC Funds, LLC (unregistered distributions, 2016) SEC 2016-02-19 Unregistered Distributions $250k settled
SEC v. Nicholas A. Prezioso (insider trading, 2016) SEC 2016-02-19 Insider Trading $131k settled
SEC v. L&L Energy, Inc. and Dickson Lee, CPA (undisclosed control blocks, 2016) SEC 2016-02-17 Undisclosed Control Blocks $2.7m judgment
SEC v. Randy A. Hamdan and Oracle Consultants, LLC (fake press releases, 2016) SEC 2016-02-17 Fake Press Releases , Pump And Dump $150k judgment
SEC v. Zavodchiko et al. (hack to trade, 2016) SEC 2016-02-17 Hack To Trade $58.1m judgment
SEC v. Abdallah Fadel (insider trading, 2016) SEC 2016-02-10 Insider Trading $36k settled
SEC v. Jarrod L. Spector (insider trading, 2016) SEC 2016-02-09 Insider Trading $21.4k settled
SEC v. Scription Work Solutions, Inc. (undisclosed control blocks, 2016) SEC 2016-02-09 Undisclosed Control Blocks — judgment
CFTC v. 4X Solutions and Whileon Chay (ponzi schemes, 2016) CFTC 2016-02-08 Ponzi Schemes $8.2m judgment
SEC v. Robert M. Munakash, Carlos A. Rodriguez, and Marc Winters (insider trading, 2016) SEC 2016-02-08 Insider Trading $275k settled
Perth man charged with insider trading appears in court (ASIC, 2016) ASIC 2016-02-04 Insider Trading — judgment
SEC v. Vlad B. Spivak, et al. (insider trading, 2016) SEC 2016-01-27 Insider Trading $334k settled
SEC v. Marquis Properties, Deucher and Clatfelter (ponzi schemes, 2016) SEC 2016-01-19 Ponzi Schemes — settled
SEC v. Goldman, Sachs & Co. (naked short selling debate, 2016) SEC 2016-01-14 Naked Short Selling Debate $15m settled
CFTC v. Defendant Nikolai S. Battoo (2016) CFTC 2016-01-13 $147m judgment
SEC v. Reid A. Hackney, CPA (insider trading, 2016) SEC 2016-01-12 Insider Trading $48.1k settled
OSC v. Paul Christopher Darrigo (churning, 2016) OSC 2016-01-08 Churning — judgment
SEC v. Vivian S. Shields (insider trading, 2016) SEC 2016-01-04 Insider Trading $71.4k settled
SEC v. Bonan Huang, et al. (insider trading, 2015) SEC 2015-12-23 Insider Trading — judgment
SEC v. Michael J. Ling (marking the close, 2015) SEC 2015-12-23 Marking The Close , Matched Orders $100k judgment
AMF France v. A, B, C, D, E, F and G (insider trading, 2015) AMF (France) 2015-12-22 Insider Trading — judgment
SEC v. Danny E. Carpenter (insider trading, 2015) SEC 2015-12-22 Insider Trading $64.1k settled
SEC v. Morgan Stanley Investment Management Inc. and Sheila Huang (prearranged client cross trades, 2015) SEC 2015-12-22 $8.1m settled
SEC v. Traci J. Anderson, Timothy W. Carnahan and CYIOS Corporation (2015) SEC 2015-12-21 $450k judgment
ASIC bans former financial adviser for market manipulation (2015) ASIC 2015-12-18 Price Manipulation , Matched Orders — judgment
SEC v. Eric E. Shear (insider trading, 2015) SEC 2015-12-18 Insider Trading $3k settled
SEC v. Edward Laborio and Jonathan Fraiman (boiler rooms, 2015) SEC 2015-12-16 Boiler Rooms $4m judgment
SEC v. Oxford City Football Club, Inc. and Thomas Anthony Guerriero (boiler rooms, 2015) SEC 2015-12-16 Boiler Rooms — settled
Former Gunns Ltd chairman ordered to pay $500,000 pecuniary penalty for insider trading (ASIC, 2015) ASIC 2015-12-15 Insider Trading — judgment
SEC v. Jehu Hand and Antonio Katz (pump and dump, 2015) SEC 2015-12-11 Pump And Dump , Unregistered Distributions — settled
OSC v. Zhen (Steven) Pang and Oasis World Trading Inc. (price manipulation, 2015) OSC 2015-12-10 Price Manipulation , Spoofing — settled
SEC v. Jeffrey K. Skilling et al. (insider trading, 2015) SEC 2015-12-08 Insider Trading — judgment