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. Brett Falloon and Flatiron Futures Traders LLC (spoofing, 2025) CFTC 2025-09-09 Spoofing $200k judgment
SEC v. Henry Paul Regan, Jr. (ponzi schemes, 2025) SEC 2025-09-09 Ponzi Schemes — filed
SEC v. Arsalan Rawjani and others (ponzi schemes, 2025) SEC 2025-09-08 Ponzi Schemes — filed
SEC v. Austin D. Ellison-Meade (2025) SEC 2025-09-05 — judgment
SEC v. Calvin Guess and others (ponzi schemes, 2025) SEC 2025-09-05 Ponzi Schemes $236k judgment
SEC v. Ryan Squillante (insider trading, 2025) SEC 2025-09-05 Insider Trading — settled
SEBI v. Rajasthan Tube Manufacturing Company Limited and others (circular sales and misstated accounts, 2025) SEBI (India) 2025-09-04 Misleading Issuer Disclosure — judgment
SEBI v. Pankaj Rameshchandra Vyas and others (synchronized trades in SecUR Credentials, 2025) SEBI (India) 2025-09-03 Matched Orders , Price Manipulation — judgment
SEC v. Daryl F. Heller and others (ponzi schemes, 2025) SEC 2025-09-03 Ponzi Schemes — filed
SEBI v. Sanjay Dalmia, Anurag Dalmia and Ashok Kumar Joshi (Golden Tobacco advances and misstated accounts, 2025) SEBI (India) 2025-08-29 Misleading Issuer Disclosure — judgment
SEBI v. Arun Kumar Somani and others (alleged insider trading, Indian Oil Corporation, 2025) SEBI (India) 2025-08-26 Insider Trading — dismissed
SEC v. David J. Minson (insider trading, 2025) SEC 2025-08-22 Insider Trading $551k settled
SEC v. Rouzbeh “Ross” Haghighat and others (insider trading, 2025) SEC 2025-08-22 Insider Trading — filed
SEC v. Justin Chen and Jun Zhen (insider trading, 2025) SEC 2025-08-21 Insider Trading — judgment
SEC v. Stock Purse Trading LLC and others (ponzi schemes, 2025) SEC 2025-08-21 Ponzi Schemes — settled
SEBI v. Omprakash A. Khandelwal (Aadhaar Ventures preferential allotment, 2025) SEBI (India) 2025-08-21 Misleading Issuer Disclosure — dismissed
SEBI v. Manish Mishra and Vivek Chauhan (Hemo Organic YouTube videos, 2025) SEBI (India) 2025-08-19 Social Media Ramps — dismissed
SEC v. Brent Cranmer and others (insider trading, 2025) SEC 2025-08-18 Insider Trading $50k settled
SEC v. Robert Alan Yedid, Andrew Kaufman, Mark Jacobs (insider trading, 2025) SEC 2025-08-18 Insider Trading — settled
SEC v. Wendy Swensen (2025) SEC 2025-08-18 — judgment
SEC v. Ryan R. Wear and others (ponzi schemes, 2025) SEC 2025-08-15 Ponzi Schemes — filed
Charges laid in Platinum Asset Management insider trading case (ASIC, 2025) ASIC 2025-08-12 Insider Trading — judgment
SEBI v. Kapil Wadhawan and others (DHFL loan diversion and false financial statements, 2025) SEBI (India) 2025-08-12 Misleading Issuer Disclosure — judgment
SEC v. Bruce Cameron Conway (insider trading, 2025) SEC 2025-08-11 Insider Trading $161k settled
SEC v. Ryan N. Cole (spoofing, 2025) SEC 2025-08-11 Spoofing $70.4k settled
SEC v. Doron A. Tavlin, Afshin Farahan, and David Gantman (insider trading, 2025) SEC 2025-08-06 Insider Trading — judgment
SEBI v. Hetal Rajesh Patel (RTS Power Corporation pay-in default, settlement, 2025) SEBI (India) 2025-08-06 — settled
SEC v. Sourcerock Group, LLC (rule 105 offering shorts, 2025) SEC 2025-08-04 Rule 105 Offering Shorts $250k settled
SEC v. Anthony Finale (insider trading, 2025) SEC 2025-08-01 Insider Trading $15k settled
SEC v. Vincent Barbuto (insider trading, 2025) SEC 2025-08-01 Insider Trading $19.9k settled
SEBI v. Janakiram Ajjarapu and others (expansion announcement and promoter sales, Decipher Labs, 2025) SEBI (India) 2025-07-31 Misleading Issuer Disclosure , Pump And Dump — judgment
SEBI v. Aakash Doshi and others (Telegram-promoted price manipulation, Darshan Orna, 2025) SEBI (India) 2025-07-30 Chat Group Pumps , Price Manipulation — judgment
SEC v. Dishant Gupta (insider trading, 2025) SEC 2025-07-30 Insider Trading — judgment
SEC v. Jose D. Rocha (ponzi schemes, 2025) SEC 2025-07-30 Ponzi Schemes — judgment
SEBI v. Rupesh Satish Dalal HUF (insider trading, HDFC Ltd. and HDFC Bank merger, 2025) SEBI (India) 2025-07-29 Insider Trading — judgment
SEBI v. Partha Sarathi Dhar and others (Zee Business guest-expert recommendations, 2025) SEBI (India) 2025-07-28 Front Running — judgment
FCA v. Jean-Noël Yves Alba (2025) FCA 2025-07-22 — settled
SEC v. Brian M. Kashman (insider trading, 2025) SEC 2025-07-22 Insider Trading $77.7k settled
SEC v. Edwin Brant Frost IV and First Liberty Building & Loan LLC (ponzi schemes, 2025) SEC 2025-07-22 Ponzi Schemes — settled
SEC v. Edwin Emmett Lickiss, Jr. (ponzi schemes, 2025) SEC 2025-07-22 Ponzi Schemes — filed
SEC v. Robert Brian Thompson (insider trading, 2025) SEC 2025-07-21 Insider Trading — judgment
SEC v. Suyun Gu, et al. (wash trading, 2025) SEC 2025-07-21 Wash Trading $622k judgment
SEC v. Eric J. Watson (insider trading, 2025) SEC 2025-07-15 Insider Trading — filed
SEC v. Diana Mae Fernandez (2025) SEC 2025-07-11 — judgment
SEC v. Trijya Vakil and Neeraj Visen (insider trading, 2025) SEC 2025-07-11 Insider Trading — settled
SEBI v. Aqua Proof Wall Plast Private Limited and others (front running of a big seller in KPIT Technologies, 2025) SEBI (India) 2025-07-10 Front Running — judgment
SEC v. William A. Justice, Keith A. Rosenbaum, Brian D. Shibley, and Randell R. Torno (pump and dump, 2025) SEC 2025-07-10 Pump And Dump $70k judgment
AMF France v. MND, M. Xavier Gallot-Lavallée and others (insider trading, 2025) AMF (France) 2025-07-09 Insider Trading — judgment
SEBI v. Adhunik Dealcom Private Limited and others (front running of Santosh Industries orders, 2025) SEBI (India) 2025-07-04 Front Running — judgment
SEBI v. Deepak Shaw (insider trading, Electrosteel Castings, 2025) SEBI (India) 2025-07-03 Insider Trading — judgment
SEC v. Eduardo Hernandez (free riding and parking, 2025) SEC 2025-07-03 Free Riding And Parking , Matched Orders — judgment
ASIC v. Delta Power & Energy (Vales Point) Pty Ltd (price manipulation, 2025) ASIC 2025-06-30 Price Manipulation , Marking The Close — filed
SEBI v. Suzlon Energy Limited and others (alleged inflated net worth and misstated accounts, 2025) SEBI (India) 2025-06-27 Misleading Issuer Disclosure — dismissed
SEC v. Benjamin Ballout and Mohamed Zayed (pump and dump, 2025) SEC 2025-06-20 Pump And Dump $922k judgment
SEC v. Ongkaruck Sripetch and others (pump and dump, 2025) SEC 2025-06-20 Pump And Dump , Unregistered Distributions $204k judgment
SEBI v. Shivprasad Pattiya and Alkesh Narware (WhatsApp algo-trading scheme, illiquid stock options, 2025) SEBI (India) 2025-06-20 Price Manipulation — judgment
SEC v. Peter Scalise III and The3rdBevco Inc. (unregistered distributions, 2025) SEC 2025-06-17 Unregistered Distributions $236k settled
CFTC v. Agridime LLC (ponzi schemes, 2025) CFTC 2025-06-16 Ponzi Schemes — judgment
AMF France v. Mme Chenran Qiu, European TopSoho and others (false or misleading information, 2025) AMF (France) 2025-06-10 Misleading Issuer Disclosure — judgment
ASIC secures guilty pleas in Telegram ‘pump and dump’ action (2025) ASIC 2025-06-10 Chat Group Pumps , Pump And Dump — judgment
SEC v. Jack Brewer (insider trading, 2025) SEC 2025-06-10 Insider Trading — filed
SEBI v. Ashok Naskar and others (Edynamics Solutions circular trading, remand order, 2025) SEBI (India) 2025-06-10 Matched Orders — dismissed
SEC v. Medallion Financial Corp., Andrew Murstein, Lawrence Meyers, and Ichabod’s Cranium, Inc. (paid stock promotion, 2025) SEC 2025-06-06 Paid Stock Promotion $4.1m judgment
SEBI v. Family Care Hospitals Limited and others (misstated financial statements, 2025) SEBI (India) 2025-06-03 Misleading Issuer Disclosure — judgment
SEBI v. MBM Financial Services, Chetan Mehta and Mehernosh D. Bhagat (front running of Alpna Enterprises orders, 2025) SEBI (India) 2025-05-30 Front Running — judgment
SEBI v. Gaurav Gupta, Rakesh Kumar Gupta and others (YouTube pump and dump, Sadhna Broadcast, 2025) SEBI (India) 2025-05-29 Social Media Ramps , Pump And Dump — judgment
SEC v. Kronus Financial Corporation, Finser International Corporation, Andrew H. Jacobus (ponzi schemes, 2025) SEC 2025-05-29 Ponzi Schemes — filed
AMF France v. Global Income S.A. (insider trading, 2025) AMF (France) 2025-05-28 Insider Trading — settled
AMF France v. Jean-Philippe Cridlig (insider trading, 2025) AMF (France) 2025-05-28 Insider Trading — settled
SEC v. Christopher Aubin and others (ponzi schemes, 2025) SEC 2025-05-27 Ponzi Schemes — filed
SEBI v. Chetan Sukhdev Pandit and Prahlad Vithaldas Panchal (misused auditor names in company filings, 2025) SEBI (India) 2025-05-23 Misleading Issuer Disclosure — dismissed
SEC v. Joel J. Natario and Jefferson Scott Baker (ponzi schemes, 2025) SEC 2025-05-23 Ponzi Schemes — settled
SEC v. Kenneth Mattson and Relief Defendant KS Mattson Partners LP (ponzi schemes, 2025) SEC 2025-05-23 Ponzi Schemes — filed
ASIC v. Darryl Mapleson (insider trading, 2025) ASIC 2025-05-16 Insider Trading — judgment
AMF France v. Mme Karen Pignet-Aiach and others (insider trading, 2025) AMF (France) 2025-05-05 Insider Trading — judgment
SEBI v. Seya Industries Limited and others (fictitious sales and diverted funds, 2025) SEBI (India) 2025-05-02 Misleading Issuer Disclosure — judgment
SEC v. Kenneth W. Alexander II and others (ponzi schemes, 2025) SEC 2025-05-02 Ponzi Schemes — filed
SEBI v. Manish Mishra and others (YouTube stock promotion, Atlantaa Limited, 2025) SEBI (India) 2025-04-30 Social Media Ramps , Pump And Dump — judgment
SEC v. Jenni Yoon Jeong Lee and Evergreen Property Developments LLC (ponzi schemes, 2025) SEC 2025-04-30 Ponzi Schemes — judgment
SEC v. Ramil Ventura Palafox (ponzi schemes, 2025) SEC 2025-04-29 Ponzi Schemes — filed
SEBI v. Ashesh Shailesh Mehta and Shivangi Ashesh Mehta (Bliss Consultants, unregistered portfolio management, 2025) SEBI (India) 2025-04-24 — judgment
SEC v. CLS Global FZC LLC (paid crypto market making, 2025) SEC 2025-04-17 Paid Crypto Market Making $425k judgment
SEC v. Mark A. Miller, Saeid Jaberian and Christopher J. Rajkaran (pump and dump, 2025) SEC 2025-04-17 Pump And Dump — judgment
SEBI v. Nehal Milan Mehta and Ashish Anup Nigam (insider trading, BF Investment, 2025) SEBI (India) 2025-04-11 Insider Trading — settled
SEC v. Milan V. Patel (false rumors, 2025) SEC 2025-04-11 False Rumors — judgment
SEBI v. OPG Securities Private Limited and others (NSE co-location penalty, remand order, 2025) SEBI (India) 2025-04-02 — judgment
OSC v. Blockratize Inc. and Adventure One QSS Inc. (2025) OSC 2025-04-01 — settled
SEBI v. Onelife Capital Advisors Ltd and others (related-party transactions, 2025) SEBI (India) 2025-03-28 Misleading Issuer Disclosure — judgment
SEBI v. Nikhil Khaitan and others (family front running of big-client orders, 2025) SEBI (India) 2025-03-28 Front Running — judgment
SEBI v. Rohan Banerjee and Rahul Banerjee (front running of Tusk Investment orders, 2025) SEBI (India) 2025-03-28 Front Running — judgment
SEBI v. Soumen Mitra and Sanjoy Kumar Dey (V B Industries, remand order, 2025) SEBI (India) 2025-03-20 Painting The Tape — dismissed
SEBI v. Hemant Ghai and others (trading ahead of TV stock recommendations, 2025) SEBI (India) 2025-03-19 Front Running — judgment
Victorian man charged over alleged market manipulation (ASIC, 2025) ASIC 2025-03-14 Price Manipulation , Wash Trading — judgment
SEC v. Eamma Safi and Zhi Ge a/k/a Josh Ge (insider trading, 2025) SEC 2025-03-14 Insider Trading — filed
AMF France v. M. Denys Sournac and others (insider trading, 2025) AMF (France) 2025-03-12 Insider Trading — dismissed
SEC v. Ronald Pallek (2025) SEC 2025-03-11 — settled
SEC v. George N. Demos (insider trading, 2025) SEC 2025-03-10 Insider Trading — settled
Antonio Stella indicted on insider trading charges (ASIC, 2025) ASIC 2025-03-06 Insider Trading — judgment
SEC v. Rey D. Acosta (free riding and parking, 2025) SEC 2025-03-06 Free Riding And Parking $15k judgment
SEC v. Jeffrey Suchecki (insider trading, 2025) SEC 2025-03-04 Insider Trading $64.6k settled