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. Herbert K. Sudfeld, Jr., et al. (insider trading, 2015) SEC 2015-07-16 Insider Trading — settled
SEC v. Timothy J. McGee, et al. (insider trading, 2015) SEC 2015-07-15 Insider Trading — judgment
SEC v. Harold Bailey "B.J." Gallison II et al. (paid stock promotion, 2015) SEC 2015-07-14 Paid Stock Promotion , Pump And Dump — settled
SEC v. Oz Management, LP (rule 105 offering shorts, 2015) SEC 2015-07-14 Rule 105 Offering Shorts $4.3m settled
SEC v. Frank Tamayo (insider trading, 2015) SEC 2015-07-13 Insider Trading — settled
CFTC v. Carl David Wright (ponzi schemes, 2015) CFTC 2015-07-10 Ponzi Schemes $1m settled
SEC v. Gerard Boudreault (insider trading, 2015) SEC 2015-07-10 Insider Trading $18.4k settled
SEC v. PTG Capital Partners LTD, et al. (sham tender offers, 2015) SEC 2015-07-10 EDGAR Filing Fraud , Sham Tender Offers $1.5m judgment
SEC v. Patrick Lehnert (insider trading, 2015) SEC 2015-07-09 Insider Trading $15.8k settled
SEC v. Luca International Group, Yang and others (ponzi schemes, 2015) SEC 2015-07-06 Ponzi Schemes $426k settled
OSC v. Terrence Bedford (2015) OSC 2015-07-02 — judgment
SEC v. Malcolm Segal (ponzi schemes, 2015) SEC 2015-07-01 Ponzi Schemes — settled
SEC v. DFRF Enterprises, Filho and others (ponzi schemes, 2015) SEC 2015-06-30 Ponzi Schemes — judgment
SEC v. Peter Voutsas (undisclosed control blocks, 2015) SEC 2015-06-30 Undisclosed Control Blocks $50k settled
SEC v. Gregg R. Mulholland (unregistered distributions, 2015) SEC 2015-06-25 Unregistered Distributions , Undisclosed Control Blocks — settled
CFTC v. Wurl and Ludiera Capital (ponzi schemes, 2015) CFTC 2015-06-24 Ponzi Schemes — filed
SEC v. Phil Donnahue Williamson (ponzi schemes, 2015) SEC 2015-06-23 Ponzi Schemes — settled
CFTC v. Joseph F. Welsh III (price manipulation, 2015) CFTC 2015-06-19 Price Manipulation , Settlement Price Manipulation $500k judgment
SEC v. Norstra Energy Inc., Glen Landry and Eric Dany (2015) SEC 2015-06-18 $45.1k settled
SEC v. Dimitry Braverman and Vitaly Pupynin (insider trading, 2015) SEC 2015-06-16 Insider Trading $204k judgment
SEC v. Equity Trust Company (2015) SEC 2015-06-16 — dismissed
SEC v. Helmut Anscheringer (insider trading, 2015) SEC 2015-06-15 Insider Trading $910k settled
SEC v. Capital Financial Partners, Allen and Daub: criminal charges (ponzi schemes, 2015) SEC 2015-06-12 Ponzi Schemes — settled
SEC v. Matthew G. Teeple et al. Andrew Miller (insider trading, 2015) SEC 2015-06-12 Insider Trading — judgment
SEC v. Charles Raymond Langston III, CRL Management, LLC, and Guarantee Reinsurance, Ltd. (insider trading, 2015) SEC 2015-06-11 Insider Trading , Rule 105 Offering Shorts $502k judgment
SEC v. Spectrum Concepts, LLC Worswick and others (unregistered distributions, 2015) SEC 2015-06-11 Unregistered Distributions $120k settled
SEC v. Michael J. Fefferman, Chad E. Wiegand, and Akis C. Eracleous (insider trading, 2015) SEC 2015-06-09 Insider Trading — settled
SEC v. Anthony Andrade, et al. (insider trading, 2015) SEC 2015-06-08 Insider Trading $150k settled
AMF France v. A, X and GEM Investments America LLC (price manipulation and insider trading, 2015) AMF (France) 2015-06-05 Price Manipulation , Insider Trading — judgment
AMF France v. ISA Finances, NG Investments, Ormylia, Socodol, UBS (France) and others (insider trading, 2015) AMF (France) 2015-06-02 Insider Trading — judgment
SEC v. Edmond L. Lonergan and Green Planet Group, Inc. (price manipulation, 2015) SEC 2015-06-02 Price Manipulation $25k settled
SEC v. Merrill Lynch (naked short selling debate, 2015) SEC 2015-06-01 Naked Short Selling Debate $9m settled
AMF France v. Tekka Group, Bryan Garnier and Co Limited, B, C and A (false or misleading information, 2015) AMF (France) 2015-05-30 Misleading Issuer Disclosure — judgment
Ontario Securities Commission: disclosure application by Davide Amato and S.A. Capital Growth Corp. (2015) OSC 2015-05-29 — judgment
SEC v. Adam S. Gottbetter, Mitchell G. Adam, and K. David Stevenson (pump and dump, 2015) SEC 2015-05-28 Pump And Dump — settled
SEC v. Luis Chang and Everbright Development Overseas, Limited (sham tender offers, 2015) SEC 2015-05-28 Sham Tender Offers $2.9m judgment
SEC v. Mike Taxon and Itamar Cohen (paid stock promotion, 2015) SEC 2015-05-28 Paid Stock Promotion — settled
Alleged Ponzi scheme operator faces court (ASIC, 2015) ASIC 2015-05-26 Ponzi Schemes — judgment
ASIC permanently bans Australian mastermind of UK fraud (2015) ASIC 2015-05-21 Boiler Rooms — unknown
CFTC v. Barclays (benchmark submission rigging, 2015) CFTC 2015-05-20 Benchmark Submission Rigging , Price Manipulation $115m judgment
CFTC v. Barclays Bank PLC (FX benchmark manipulation, 2015) CFTC 2015-05-20 Benchmark Submission Rigging , FX Fixing +1 $400m settled
FCA v. Barclays Bank PLC (FX benchmark manipulation, 2015) FCA 2015-05-20 FX Fixing — settled
SEC v. China Valves Technology, Inc., Siping Fang and Renrui Tang (2015) SEC 2015-05-20 $690k judgment
SEC v. Brian D. Jorgenson, et al. (insider trading, 2015) SEC 2015-05-14 Insider Trading — judgment
CFTC v. Heet Khara and Nasim Salim (spoofing, 2015) CFTC 2015-05-05 Spoofing — judgment
SEC v. North Dakota Developments, Gavin and Hogan (ponzi schemes, 2015) SEC 2015-05-05 Ponzi Schemes $1m judgment
OSC v. Constance Anderson (insider trading, 2015) OSC 2015-05-01 Insider Trading — settled
SEC v. Xiaoyu Xia and Yanting Hu (insider trading, 2015) SEC 2015-04-29 Insider Trading $750k settled
SEC v. Frank Perkins Hixon, Jr., et al. (insider trading, 2015) SEC 2015-04-28 Insider Trading $683k judgment
CFTC v. Deutsche Bank AG (LIBOR and Euribor manipulation, 2015) CFTC 2015-04-23 Benchmark Submission Rigging , FX Fixing +1 $800m settled
FCA v. Deutsche Bank AG (benchmark submission rigging, 2015) FCA 2015-04-23 Benchmark Submission Rigging , Price Manipulation — settled
SEC v. Houston American Energy Corp., John F. Terwilliger, Undiscovered Equities, Inc. and Kevin T. McKnight (paid stock promotion, 2015) SEC 2015-04-23 Paid Stock Promotion $22.5k settled
SEC v. Tracy Morgan Spaeth (2015) SEC 2015-04-23 — settled
SEC v. Veros Partners, Haab, Risinger and Senefeld (ponzi schemes, 2015) SEC 2015-04-22 Ponzi Schemes — settled
CFTC v. Taylor, OTC Investments, Forex Currency Trade Advisors (ponzi schemes, 2015) CFTC 2015-04-21 Ponzi Schemes — filed
CFTC v. U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC (layering, 2015) CFTC 2015-04-21 Layering , Price Manipulation +1 $25.7m settled
SEC v. Joseph John Labadia (unregistered distributions, 2015) SEC 2015-04-17 Unregistered Distributions — settled
AMF France v. A, B, C, Exane SA and Petercam SA (marking the close, 2015) AMF (France) 2015-04-16 Marking The Close — judgment
SEC v. Daniel P. McKelvey, Alvin S. Mirman, Steven Sanders and others (blank check shells, 2015) SEC 2015-04-16 Reverse Merger Schemes — judgment
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 — settled
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
CFTC v. Garcia, DG Wealth Management, Macroquantum Capital (ponzi schemes, 2015) CFTC 2015-04-14 Ponzi Schemes $7.5m judgment
SEC v. James A. Evans, Jr., d/b/a Cashflowbot.com, d/b/a DollarMonster (ponzi schemes, 2015) SEC 2015-04-13 Ponzi Schemes $60k judgment
SEC v. Team Resources, Inc., et al. (unregistered distributions, 2015) SEC 2015-04-06 Unregistered Distributions — settled
CFTC v. Kraft Foods Group, Inc. and Mondelēz Global LLC (price manipulation, 2015) CFTC 2015-04-01 Price Manipulation $16m settled
OSC v. Andre Lewis (ponzi schemes, 2015) OSC 2015-04-01 Ponzi Schemes — judgment
SEC v. Capital Financial Partners, Allen and Daub (ponzi schemes, 2015) SEC 2015-04-01 Ponzi Schemes — judgment
SEC v. David Craven and Alexander J. Craven (pump and dump, 2015) SEC 2015-04-01 Pump And Dump , Wash Trading $4.9m judgment
CFTC v. Daniel Shak (2015) CFTC 2015-03-30 $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 — settled
SEC v. Keypoint Capital Management, LLC (rule 105 offering shorts, 2015) SEC 2015-03-19 Rule 105 Offering Shorts $65k settled
SEC v. Randal Kent Hansen (ponzi schemes, 2015) SEC 2015-03-18 Ponzi Schemes — judgment
Two men sentenced in Australia’s largest insider trading case (ASIC, 2015) ASIC 2015-03-17 Insider Trading — judgment
SEC v. David Craven and Alexander J. Craven (pump and dump, 2015) SEC 2015-03-12 Pump And Dump , Wash Trading — unknown
OSC v. Anand Hariharan and Satish Talawdekar (insider trading, 2015) OSC 2015-03-11 Insider Trading — settled
SEC v. Bonan Huang and Nan Huang (insider trading, 2015) SEC 2015-03-10 Insider Trading — judgment
SEC v. Julieann Palmer Martin (ponzi schemes, 2015) SEC 2015-03-09 Ponzi Schemes , Unregistered Distributions $1.1m judgment
SEC v. Zeringue, et al. (insider trading, 2015) SEC 2015-03-06 Insider Trading $64k settled
SEC v. Gary S. Williky (insider trading, 2015) SEC 2015-03-02 Insider Trading , Newsletter Scalping +2 $1.7m judgment
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 and GLR Advisors (ponzi schemes, 2015) SEC 2015-02-23 Ponzi Schemes — settled
SEC v. Scott Zeringue and Jesse Roberts, III (insider trading, 2015) SEC 2015-02-19 Insider Trading $64k settled
SEC v. Steven B. Hart (2015) SEC 2015-02-18 — judgment
SEC v. Kristine L. Johnson, Troy A. Barnes and Work With Troy Barnes, Inc. (ponzi schemes, 2015) SEC 2015-02-12 Ponzi Schemes — settled
AMF France v. IC Telecom and A (insider trading, 2015) AMF (France) 2015-02-11 Insider Trading — judgment
SEC v. Caledonian Bank Ltd., et al. (unregistered distributions, 2015) SEC 2015-02-11 Unregistered Distributions — judgment
SEC v. Hill and Charles L., Jr. (insider trading, 2015) SEC 2015-02-11 Insider Trading — unknown
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 $237k settled
SEC v. Phillip Cory Roberts (subpoena enforcement, 2015) SEC 2015-02-03 $10k settled
SEC v. Fujinaga and MRI International (ponzi schemes, 2015) SEC 2015-01-30 Ponzi Schemes $40m judgment
SEC v. Francisco Illarramendi, Highview Point, Michael Kenwood (ponzi schemes, 2015) SEC 2015-01-30 Ponzi Schemes $1m judgment
SEC v. Marlon Quan and Stewardship Investment Advisors, LLC (2015) SEC 2015-01-30 — 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. Oppenheimer & Co. Inc. (unregistered distributions, 2015) SEC 2015-01-27 Unregistered Distributions $5.1m settled