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
SEC v. Robinhood Financial LLC and Robinhood Securities, LLC (naked short selling debate, 2025) SEC 2025-01-13 Naked Short Selling Debate , Spoofing — settled
SEC v. SpeedRoute LLC (layering, 2025) SEC 2025-01-10 Layering , Pump And Dump +2 — settled
SEC v. Joseph M. Dupont and others (insider trading, 2025) SEC 2025-01-03 Insider Trading — judgment
SEC v. Dale B. Chappell, et al. (insider trading, 2024) SEC 2024-12-31 Insider Trading — unknown
Perth accountant charged over alleged insider trading in Genesis Minerals shares (ASIC, 2024) ASIC 2024-12-23 Insider Trading — filed
Third person sentenced for Courtenay House misconduct (ASIC, 2024) ASIC 2024-12-22 Ponzi Schemes — filed
SEC v. Silver Point Capital, L.P. (insider trading, 2024) SEC 2024-12-20 Insider Trading — filed
SEC v. Tai Mo Shan Limited (unregistered distributions, 2024) SEC 2024-12-20 Unregistered Distributions $36.7m settled
SEC v. Curt L Dewitz (insider trading, 2024) SEC 2024-12-19 Insider Trading — judgment
SEC v. Ronald Bauer et al. (pump and dump, 2024) SEC 2024-12-19 Pump And Dump — judgment
SEC v. Snow Lake Capital (HK) Limited (rule 105 offering shorts, 2024) SEC 2024-12-19 Rule 105 Offering Shorts $525k settled
SEC v. Ken Peterman (insider trading, 2024) SEC 2024-12-18 Insider Trading — unknown
SEC v. Sai-Hong Ignatius Ou (insider trading, 2024) SEC 2024-12-18 Insider Trading $1.5m judgment
SEC v. David Chong Kyi (insider trading, 2024) SEC 2024-12-17 Insider Trading $125k settled
SEC v. Zachary Stevenson (spoofing, 2024) SEC 2024-12-13 Spoofing $150k settled
CFTC v. Storm Bryant (ponzi schemes, 2024) CFTC 2024-12-11 Ponzi Schemes $3.9m judgment
SEC v. Frederick Tayton Dencer, et al. (ponzi schemes, 2024) SEC 2024-12-11 Ponzi Schemes — filed
SEC v. John S. Clayton and others (insider trading, 2024) SEC 2024-12-11 Insider Trading , Paid Stock Promotion — filed
CFTC v. Washington State Pastor (ponzi schemes, 2024) CFTC 2024-12-10 Ponzi Schemes — unknown
SEC v. David Banister, et al. (social media ramps, 2024) SEC 2024-12-10 Social Media Ramps — filed
SEC v. David C. Underwood (unregistered distributions, 2024) SEC 2024-12-09 Unregistered Distributions $50k settled
SEC v. Marc J. Toomey (unregistered distributions, 2024) SEC 2024-12-09 Unregistered Distributions $50k settled
SEC v. Stephen R. Bishop (unregistered distributions, 2024) SEC 2024-12-09 Unregistered Distributions — settled
SEC v. Jordan Qsar, Grant Witherspoon, Austin Bernard, and Chase Lambert (insider trading, 2024) SEC 2024-12-05 Insider Trading — judgment
SEC v. Dow Rockwell LLC and Richard Dow Rockwell (ponzi schemes, 2024) SEC 2024-12-03 Ponzi Schemes — judgment
SEC v. FiveT Capital AG (rule 105 offering shorts, 2024) SEC 2024-11-26 Rule 105 Offering Shorts $805k settled
SEC v. Lightspeed Financial Services Group LLC (layering, 2024) SEC 2024-11-22 Layering , Wash Trading $75k settled
SEC v. Paulson Investment Company LLC (wash trading, 2024) SEC 2024-11-22 Wash Trading $75k settled
SEC v. Webull Financial LLC (insider trading, 2024) SEC 2024-11-22 Insider Trading $125k settled
SEC v. unnamed respondents (boiler rooms, 2024) SEC 2024-11-20 Boiler Rooms — dismissed
SEC v. Robert Brian Thompson (insider trading, 2024) SEC 2024-11-19 Insider Trading — judgment
FCA v. Travis Lloyd Klein (cash vs derivatives schemes, 2024) FCA 2024-11-18 Cash Vs Derivatives Schemes , Wash Trading — unknown
SEC v. Epic Capital Wealth Advisors, LLC (unregistered distributions, 2024) SEC 2024-11-08 Unregistered Distributions — judgment
SEC v. Carlos Sacanell (insider trading, 2024) SEC 2024-10-31 Insider Trading — filed
SEC v. Dusan Varga and Pannon Investment Advisors LLC (ponzi schemes, 2024) SEC 2024-10-31 Ponzi Schemes — judgment
CFTC v. two Louisiana-Based Companies and Cofounder (ponzi schemes, 2024) CFTC 2024-10-28 Ponzi Schemes — filed
CFTC v. Yueyu Bao (wash trading, 2024) CFTC 2024-10-24 Wash Trading $260k judgment
SEC v. Unisys Corporation (insider trading, 2024) SEC 2024-10-22 Insider Trading $4m settled
SEC v. Morrie Tobin et al. (reverse merger schemes, 2024) SEC 2024-10-18 Reverse Merger Schemes $230k judgment
SEC v. Ruimin Xie (insider trading, 2024) SEC 2024-10-17 Insider Trading $59.4k settled
SEC v. Umapathi Kakkera (insider trading, 2024) SEC 2024-10-17 Insider Trading — settled
SEC v. Baris Cabalar (churning, 2024) SEC 2024-10-16 Churning — unknown
CFTC v. Several People and Companies (ponzi schemes, 2024) CFTC 2024-10-15 Ponzi Schemes — unknown
SEC v. Matthew Groom (insider trading, 2024) SEC 2024-10-15 Insider Trading $12.9k settled
SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (paid crypto market making, 2024) SEC 2024-10-09 Paid Crypto Market Making , Wash Trading — unknown
SEC v. Minerco, Inc., Bobby Shumake Japhia, and Julius Makiri Jenge (custodianship shell hijacking, 2024) SEC 2024-10-09 Custodianship Shell Hijacking , Pump And Dump — filed
SEC v. ZM Quant Investment Ltd., Baijun Ou a/k/a Eric Ou, and Ruiqi Lau a/k/a Ricky Liu (paid crypto market making, 2024) SEC 2024-10-09 Paid Crypto Market Making , Wash Trading — unknown
SEC v. CLS Global FZC LLC and Andrey Zhorzhes (paid crypto market making, 2024) SEC 2024-10-09 Paid Crypto Market Making — unknown
SEC v. Russell Armand, Maxwell Hernandez, Manpreet Singh Kohli, and Nam Tran (paid crypto market making, 2024) SEC 2024-10-09 Paid Crypto Market Making — settled
SEC v. Vy Pham (paid crypto market making, 2024) SEC 2024-10-09 Paid Crypto Market Making — settled
CFTC v. Taiwanese Firm (wash trading, 2024) CFTC 2024-10-01 Wash Trading $200k judgment
SEC v. Barry Siegel (insider trading, 2024) SEC 2024-10-01 Insider Trading $113k judgment
SEC v. Marathon Asset Management, LP (insider trading, 2024) SEC 2024-09-30 Insider Trading $1.5m settled
SEC v. TD Securities (USA) LLC (cash vs derivatives schemes, 2024) SEC 2024-09-30 Cash Vs Derivatives Schemes , Spoofing $6.5m unknown
SEC v. Austin Kauh (insider trading, 2024) SEC 2024-09-27 Insider Trading — settled
SEC v. Bryan Scott McMillan (insider trading, 2024) SEC 2024-09-27 Insider Trading — unknown
SEC v. Eric Hannelius (insider trading, 2024) SEC 2024-09-27 Insider Trading — settled
SEC v. Mango Labs, LLC, Mango DAO, and Blockworks Foundation (unregistered distributions, 2024) SEC 2024-09-27 Unregistered Distributions — settled
SEC v. Marco Babini, et al. (paid stock promotion, 2024) SEC 2024-09-27 Paid Stock Promotion — judgment
SEC v. Robert B. Westbrook (hack to trade, 2024) SEC 2024-09-27 Hack To Trade , Insider Trading — filed
SEC v. Bhardwaj et al. (insider trading, 2024) SEC 2024-09-26 Insider Trading — judgment
SEC v. Karina N. Fernandez and others (ponzi schemes, 2024) SEC 2024-09-26 Ponzi Schemes — settled
CFTC v. Rudy Avila (ponzi schemes, 2024) CFTC 2024-09-25 Ponzi Schemes $1.5m judgment
CFTC v. Texas Associated Person (insider trading, 2024) CFTC 2024-09-25 Insider Trading — judgment
SEC v. Eric J. Watson et al. (insider trading, 2024) SEC 2024-09-24 Insider Trading — judgment
SEC v. Benjamin Ballout, Mohamed Zayed, and William Fielding (pump and dump, 2024) SEC 2024-09-23 Pump And Dump — judgment
SEC v. Centerline Investment Management Limited (rule 105 offering shorts, 2024) SEC 2024-09-23 Rule 105 Offering Shorts $112k settled
SEC v. DiScala et al., (pump and dump, 2024) SEC 2024-09-20 Pump And Dump , Reverse Merger Schemes — judgment
SEC v. Keith D. Beekmeyer and Andrew M. Bye (reverse merger schemes, 2024) SEC 2024-09-20 Reverse Merger Schemes — settled
SEC v. Philip Markin (insider trading, 2024) SEC 2024-09-19 Insider Trading — judgment
SEC v. Rari Capital Infrastructure LLC (unregistered distributions, 2024) SEC 2024-09-18 Unregistered Distributions — settled
SEC v. Joel David Castro Leon and Shmuel A. Sherr (spoofing, 2024) SEC 2024-09-17 Spoofing $125k judgment
SEC v. NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao, and Hua Zhao (chat group pumps, 2024) SEC 2024-09-17 Chat Group Pumps — filed
SEC v. Gates Capital Management, Inc. (rule 105 offering shorts, 2024) SEC 2024-09-17 Rule 105 Offering Shorts $57.6k settled
SEC v. Federico Nannini, Mauro Nannini, Alejandro Thermiotis, and Francisco Tonarely (insider trading, 2024) SEC 2024-09-16 Insider Trading — filed
SEC v. Flyfish Club, LLC (chat group pumps, 2024) SEC 2024-09-16 Chat Group Pumps , Unregistered Distributions $750k settled
CFTC v. Unregistered Florida Commodity Pool Operator and Its Chief Executive Officer (ponzi schemes, 2024) CFTC 2024-09-12 Ponzi Schemes — filed
SEC v. Anthony Guarino (boiler rooms, 2024) SEC 2024-09-12 Boiler Rooms $100k settled
SEC v. Dishant Gupta (insider trading, 2024) SEC 2024-09-10 Insider Trading — settled
SEC v. Hunter Haithcock a/k/a Hunter Elliott and Hunter Allen (ponzi schemes, 2024) SEC 2024-09-09 Ponzi Schemes — unknown
SEC v. James M. Phillips (insider trading, 2024) SEC 2024-09-09 Insider Trading — settled
SEC v. Stephen Forlano (insider trading, 2024) SEC 2024-09-09 Insider Trading $18.2k settled
SEC v. Esmark Inc. and James P. Bouchard (reverse merger schemes, 2024) SEC 2024-09-06 Reverse Merger Schemes $500k settled
CFTC v. Sam Ikkurty (ponzi schemes, 2024) CFTC 2024-09-03 Ponzi Schemes $111m judgment
SEC v. Chanon Gordon (ponzi schemes, 2024) SEC 2024-09-03 Ponzi Schemes — settled
Former Courtenay House director sentenced to 11 years imprisonment (ASIC, 2024) ASIC 2024-09-02 Ponzi Schemes — unknown
SEC v. Drew Morgan Ciccarelli (pump and dump, 2024) SEC 2024-08-30 Pump And Dump — judgment
SEC v. Nutra Pharma Corporation, et al. (unregistered distributions, 2024) SEC 2024-08-30 Unregistered Distributions — judgment
SEC v. Shaohua (Michael) Yin, et al. (insider trading, 2024) SEC 2024-08-30 Insider Trading $39.5m judgment
SEC v. Tanner S. Adam, Jonathan L. Adam, Triten Financial Group, LLC and GCZ Global LLC (ponzi schemes, 2024) SEC 2024-08-30 Ponzi Schemes — unknown
SEC v. Bernardo Mendia-Alcaraz and Toltec Capital LLC (ponzi schemes, 2024) SEC 2024-08-28 Ponzi Schemes — filed
SEC v. Maggie Chen (insider trading, 2024) SEC 2024-08-28 Insider Trading $57.7k settled
CFTC v. Swiss Energy Trader (price manipulation, 2024) CFTC 2024-08-27 Price Manipulation $48m judgment
SEC v. Dileep Murthy (insider trading, 2024) SEC 2024-08-26 Insider Trading $88k settled
SEC v. Sound Point Capital Management LLP (insider trading, 2024) SEC 2024-08-26 Insider Trading $1.8m settled
SEC v. FlowPoint Partners, LLC and Peter J. DeCaprio (insider trading, 2024) SEC 2024-08-21 Insider Trading $145k judgment
SEC v. Wells Real Estate Investment, LLC, Janalie C. Joseph a/k/a Janalie C. Bingham, and Jean Joseph, et al. (ponzi schemes, 2024) SEC 2024-08-20 Ponzi Schemes , Undisclosed Control Blocks — unknown
CFTC v. Brazilian and Swiss Sugar Companies (wash trading, 2024) CFTC 2024-08-19 Wash Trading $750k judgment
SEC v. Drive Planning, LLC and Russell Todd Burkhalter (ponzi schemes, 2024) SEC 2024-08-14 Ponzi Schemes — unknown
SEC v. Robert Del Prete (insider trading, 2024) SEC 2024-08-13 Insider Trading — judgment