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. Total Gas & Power North America, Inc. and Therese Tran (price manipulation, 2015) CFTC 2015-12-07 Price Manipulation $3.6m settled
AMF France v. Euronext Paris SA and Virtu Financial Europe Ltd (layering, 2015) AMF (France) 2015-12-04 Layering — judgment
SEC v. National Note of Utah and Wayne L. Palmer (ponzi schemes, 2015) SEC 2015-12-04 Ponzi Schemes $2m judgment
SEC v. Trudy R. Gilmond (ponzi schemes, 2015) SEC 2015-12-04 Ponzi Schemes — judgment
CFTC v. Arya Motazedi (front running, 2015) CFTC 2015-12-02 Front Running , Insider Trading $100k judgment
SEC v. Homero Joshua Garza, GAW Miners and ZenMiner (ponzi schemes, 2015) SEC 2015-12-01 Ponzi Schemes $2m settled
SEC v. Marwood Group Research, LLC (2015) SEC 2015-11-24 $375k settled
SEC v. Steven C. Watson (insider trading, 2015) SEC 2015-11-17 Insider Trading — settled
SEC v. James A. Torchia and Credit Nation Capital (ponzi schemes, 2015) SEC 2015-11-10 Ponzi Schemes $670k judgment
SEC v. Zhichen Zhou and Yannan Liu (insider trading, 2015) SEC 2015-11-10 Insider Trading $614k settled
Sydney man pleads guilty to insider trading (ASIC, 2015) ASIC 2015-11-09 Insider Trading — judgment
SEC v. Abraxas J. Discala, Marc E. Wexler, Matthew A. Bell, Craig L. Josephberg, and Ira Shapiro (reverse merger schemes, 2015) SEC 2015-11-04 Reverse Merger Schemes , Unregistered Distributions — judgment
OSC v. Argosy Securities Inc. and Keybase Financial Group Inc. (2015) OSC 2015-11-03 — appealed
SEC v. Vlad B. Spivak, et al. (insider trading, 2015) SEC 2015-11-02 Insider Trading $334k settled
SEC v. William M. Apostelos and WMA Enterprises (ponzi schemes, 2015) SEC 2015-10-29 Ponzi Schemes — judgment
SEC v. Diverse Financial Corp., Dekel and Kandell (ponzi schemes, 2015) SEC 2015-10-28 Ponzi Schemes $545k settled
SEC v. Mary Beth Knight and Rebecca Norton (insider trading, 2015) SEC 2015-10-28 Insider Trading $25k judgment
SEC v. Summit Trust Company, Kevin and George Brown (ponzi schemes, 2015) SEC 2015-10-27 Ponzi Schemes $6.5m settled
SEC v. James N. Fry (2015) SEC 2015-10-26 — settled
SEC v. Joseph Catapano and Michael Piervinanzi (price manipulation, 2015) SEC 2015-10-26 Price Manipulation $54.4k judgment
SEC v. Vladimir Eydelman (insider trading, 2015) SEC 2015-10-23 Insider Trading $1.2m judgment
CFTC v. Bullar and Executive Management Advisors (ponzi schemes, 2015) CFTC 2015-10-20 Ponzi Schemes $24.8m judgment
CFTC v. Watson (ponzi schemes, 2015) CFTC 2015-10-20 Ponzi Schemes $27m judgment
SEC v. Craig Danzig (unregistered distributions, 2015) SEC 2015-10-20 Unregistered Distributions — appealed
CFTC v. Igor B. Oystacher and 3 Red Trading LLC (spoofing, 2015) CFTC 2015-10-19 Spoofing $2.5m settled
SEC v. Auriga Global Investors Sociedad De Valores S.A. (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $179k settled
SEC v. Harvest Capital Strategies LLC (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $65k settled
SEC v. J.P. Morgan Investment Management Inc. (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $365k settled
SEC v. Omega Advisors, Inc. (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $65k settled
SEC v. Sabby Management, LLC (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $91.7k settled
SEC v. War Chest Capital Partners LLC (rule 105 offering shorts, 2015) SEC 2015-10-14 Rule 105 Offering Shorts $150k settled
SEC v. Andrew Farmer, et al. (pump and dump, 2015) SEC 2015-10-09 Pump And Dump — judgment
SEC v. Francis J. van Steenberge and Nicolas Zanen (insider trading, 2015) SEC 2015-10-09 Insider Trading $400k judgment
AMF France v. A (layering, 2015) AMF (France) 2015-10-08 Layering — judgment
SEC v. Allen Ross Smith (unregistered distributions, 2015) SEC 2015-10-08 Unregistered Distributions $43.3k judgment
SEC v. Briargate Trading, LLC and Eric Oscher (spoofing, 2015) SEC 2015-10-08 Spoofing $500k judgment
SEC v. Garfield Taylor, Jeffrey King and Gibraltar Asset Management (ponzi schemes, 2015) SEC 2015-10-08 Ponzi Schemes $1.6m judgment
SEC v. Wolverine Trading, LLC and Wolverine Asset Management, LLC (2015) SEC 2015-10-08 $375k settled
SEC v. Oscar Wu (insider trading, 2015) SEC 2015-10-07 Insider Trading — settled
SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015) SEC 2015-10-01 Boiler Rooms , Unregistered Distributions — settled
SEC v. Saleem Khan et al. (insider trading, 2015) SEC 2015-10-01 Insider Trading — judgment
SEC v. Spencer Pharmaceutical Inc., Jean-François Amyot and others (pump and dump, 2015) SEC 2015-10-01 Pump And Dump — judgment
SEC v. David P. Godwin and Anthony G. Roth (financial statement fraud, 2015) SEC 2015-09-30 — judgment
SEC v. James Goodland and Securus Wealth Management, LLC (marking the close, 2015) SEC 2015-09-30 Marking The Close $30k settled
SEC v. Charles Riel III and REinvest LLC (2015) SEC 2015-09-29 $125k judgment
SEC v. Christopher Mire (insider trading, 2015) SEC 2015-09-29 Insider Trading $2.1k settled
SEC v. Eddie R. Leblanc (insider trading, 2015) SEC 2015-09-29 Insider Trading $15k settled
SEC v. Robert L. Spallina, et al. (insider trading, 2015) SEC 2015-09-28 Insider Trading $234k settled
NSW man jailed for market manipulation (ASIC, 2015) ASIC 2015-09-25 Matched Orders , Price Manipulation — judgment
SEC v. iShopNoMarkup.com, Inc. (unregistered distributions, 2015) SEC 2015-09-25 Unregistered Distributions $330k judgment
SEC v. Morando Berrettini, et al. (insider trading, 2015) SEC 2015-09-25 Insider Trading — judgment
CFTC v. Cargill de México SA De CV (wash trading, 2015) CFTC 2015-09-24 Wash Trading $500k judgment
CFTC v. TeraExchange LLC (wash trading, 2015) CFTC 2015-09-24 Wash Trading — judgment
SEC v. Jason W. Galanis (matched orders, 2015) SEC 2015-09-24 Matched Orders — settled
SEC v. Richard Condon, et al. (insider trading, 2015) SEC 2015-09-24 Insider Trading $58.3k judgment
ASIC v. D J Carmichael Pty Limited (price manipulation, 2015) ASIC 2015-09-23 Price Manipulation , Marking The Close — settled
SEC v. Idle Media, Inc. and Marcus Frasier (2015) SEC 2015-09-22 $100k settled
SEC v. Eric McPhail, et al. (insider trading, 2015) SEC 2015-09-21 Insider Trading $148k settled
SEC v. Frank Morelli III and Louis Buonocore (undisclosed control blocks, 2015) SEC 2015-09-21 Undisclosed Control Blocks , Pump And Dump +1 — settled
SEC v. Brian David Hall (naked short selling debate, 2015) SEC 2015-09-17 Naked Short Selling Debate — settled
SEC v. George Ivakhnik and The Mobile Star Corporation (fake press releases, 2015) SEC 2015-09-17 Fake Press Releases $150k settled
SEC v. Rudolfo DeLaSierra (naked short selling debate, 2015) SEC 2015-09-17 Naked Short Selling Debate — settled
SEC v. 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, Esq. (fake press releases, 2015) SEC 2015-09-16 Fake Press Releases $6.5m judgment
SEC v. Dubovoy, et al. (hack to trade, 2015) SEC 2015-09-14 Hack To Trade — settled
SEC v. Marco Babini et al. (pump and dump, 2015) SEC 2015-09-14 Pump And Dump , Undisclosed Control Blocks — judgment
SEC v. Mogler, Hinkeldey, Polanchek, Buckley and Stevens (ponzi schemes, 2015) SEC 2015-09-11 Ponzi Schemes — judgment
SEC v. Joseph Paul Zada (ponzi schemes, 2015) SEC 2015-09-11 Ponzi Schemes — judgment
SEC v. Benjamin Wey, et al. (reverse merger schemes, 2015) SEC 2015-09-10 Reverse Merger Schemes , Undisclosed Control Blocks — dismissed
SEC v. Maher F. Kara, et al. (insider trading, 2015) SEC 2015-09-10 Insider Trading — judgment
SEC v. Bennett Group Financial Services, LLC and Dawn J. Bennett (2015) SEC 2015-09-09 $3.5m judgment
SEC v. John McEnery III et al. (insider trading, 2015) SEC 2015-09-09 Insider Trading $95.8k settled
SEC v. Timothy M. Roberts, Terrance F. Taylor, and Craig Constantinou (unregistered distributions, 2015) SEC 2015-09-09 Unregistered Distributions — settled
SEC v. Manny J. Shulman and David K. Hirschman (undisclosed control blocks, 2015) SEC 2015-09-08 Undisclosed Control Blocks $539k judgment
SEC v. Ditto Holdings, Inc. (Now Known as Sovestech and Inc.) (unregistered distributions, 2015) SEC 2015-09-08 Unregistered Distributions $50k settled
SEC v. Marc S. Mandel (unregistered distributions, 2015) SEC 2015-09-08 Unregistered Distributions — settled
SEC v. Donald E. Robar (insider trading, 2015) SEC 2015-09-04 Insider Trading $4.6k settled
SEC v. Robert A. Hanner (insider trading, 2015) SEC 2015-09-04 Insider Trading $20.8k settled
SEC v. Kevin McDonnell (undisclosed control blocks, 2015) SEC 2015-09-03 Undisclosed Control Blocks $7.5k settled
Former Hanlong managing director pleads guilty to insider trading (ASIC, 2015) ASIC 2015-09-02 Insider Trading — judgment
SEC v. Aronson, Aaron and Buonauro (ponzi schemes, 2015) SEC 2015-09-02 Ponzi Schemes $1.6m judgment
CFTC v. Ron Earl McCullough (ponzi schemes, 2015) CFTC 2015-08-28 Ponzi Schemes $2.5m judgment
SEC v. Ashish Aggarwal, et al. (insider trading, 2015) SEC 2015-08-25 Insider Trading $18k settled
OSC v. Paul Camillo Dinardo (ponzi schemes, 2015) OSC 2015-08-20 Ponzi Schemes — judgment
SEC v. Moshe Yehuda Dunoff (boiler rooms, 2015) SEC 2015-08-20 Boiler Rooms — settled
SEC v. Citigroup Global Markets, Inc. (2015) SEC 2015-08-19 $15m settled
SEC v. Citigroup Alternative Investments LLC and Citigroup Global Markets Inc. (2015) SEC 2015-08-17 — settled
SEC v. Total Wealth Management and Jacob Keith Cooper (2015) SEC 2015-08-17 $780k judgment
SEC v. Cedric Cañas Maillard (insider trading, 2015) SEC 2015-08-13 Insider Trading $834k judgment
SEC v. Palladino and Viking Financial Group (ponzi schemes, 2015) SEC 2015-08-13 Ponzi Schemes — judgment
SEC v. Guggenheim Partners Investment Management, LLC (2015) SEC 2015-08-10 $20m settled
SEC v. First Xeris Corp. (undisclosed control blocks, 2015) SEC 2015-08-06 Undisclosed Control Blocks — settled
SEC v. Judy K. Wolf (2015) SEC 2015-08-05 — judgment
CFTC v. Simmons, Salazar and their companies (ponzi schemes, 2015) CFTC 2015-07-31 Ponzi Schemes $76m settled
SEC v. Pamela S. Smith (2015) SEC 2015-07-30 — settled
SEC v. Timothy Patterson (2015) SEC 2015-07-30 — settled
SEC v. Stephen M. Coleman (2015) SEC 2015-07-29 — settled
AMF France v. Faiveley Transport, A, B, C and D (insider trading, 2015) AMF (France) 2015-07-23 Insider Trading — judgment
FCA v. Lee Bruce Stewart (benchmark submission rigging, 2015) FCA 2015-07-21 Benchmark Submission Rigging , Price Manipulation — judgment
SEC v. Donald L. Koch and Koch Asset Management, LLC (marking the close, 2015) SEC 2015-07-20 Marking The Close — judgment
SEC v. Michael R. Enea (ponzi schemes, 2015) SEC 2015-07-20 Ponzi Schemes — judgment