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
FCA v. David Caplin (benchmark submission rigging, 2015) FCA 2015-01-22 Benchmark Submission Rigging , Price Manipulation — settled
FCA v. Jeremy Kraft (2015) FCA 2015-01-22 — settled
SEC v. du Pasquier & Co., Inc. (2015) SEC 2015-01-21 $50k settled
SEC v. Loren W. Holzhueter and Insurance Service Center (ponzi schemes, 2015) SEC 2015-01-21 Ponzi Schemes — settled
SEC v. Robert A. Ramsey, CPA (insider trading, 2015) SEC 2015-01-21 Insider Trading $130k settled
SEC v. Gary Harrison Lane (ponzi schemes, 2015) SEC 2015-01-20 Ponzi Schemes — judgment
SEC v. Frederic Elm and Elm Tree Investment Advisors (ponzi schemes, 2015) SEC 2015-01-15 Ponzi Schemes $160k settled
SEC v. Aleksandr Milrud (layering, 2015) SEC 2015-01-13 Layering — settled
CFTC v. Allied Markets, Gilliland, Wongkhiao (ponzi schemes, 2015) CFTC 2015-01-06 Ponzi Schemes — judgment
SEC v. Nicholas D. Skaltsounis (ponzi schemes, 2014) SEC 2014-12-31 Ponzi Schemes , Unregistered Distributions $1.5m judgment
CFTC v. Royal Bank of Canada (wash trading, 2014) CFTC 2014-12-18 Wash Trading $35m judgment
SEC v. Robert A. Hemm (insider trading, 2014) SEC 2014-12-05 Insider Trading $21.8k settled
Former Genetic Technologies CEO jailed for market manipulation (ASIC, 2014) ASIC 2014-11-28 Price Manipulation — judgment
SEC v. Wedbush Securities Inc., Jeffrey Bell and Christina Fillhart (market access controls, 2014) SEC 2014-11-20 $25k settled
CFTC v. Citibank, HSBC, JPMorgan, RBS and UBS (FX benchmark manipulation, 2014) CFTC 2014-11-12 Benchmark Submission Rigging , FX Fixing +1 $1.5bn settled
SEC v. Michael S. Geist and Brent E. Taylor (insider trading, 2014) SEC 2014-11-12 Insider Trading $121k settled
SEC v. Pennington Capital Management LLC and Robert J. Evans (rule 105 offering shorts, 2014) SEC 2014-11-12 Rule 105 Offering Shorts $65k settled
Victorian couple charged with $1.5 million fraud (ASIC, 2014) ASIC 2014-11-11 Ponzi Schemes — judgment
FCA v. Citibank N.A. (FX benchmark manipulation, 2014) FCA 2014-11-11 FX Fixing — settled
FCA v. HSBC Bank plc (FX benchmark manipulation, 2014) FCA 2014-11-11 FX Fixing — settled
FCA v. JPMorgan Chase Bank N.A. (FX benchmark manipulation, 2014) FCA 2014-11-11 FX Fixing — settled
FCA v. The Royal Bank of Scotland plc (FX benchmark manipulation, 2014) FCA 2014-11-11 FX Fixing — settled
FCA v. UBS AG (FX benchmark manipulation, 2014) FCA 2014-11-11 FX Fixing — settled
SEC v. Eureeca Capital SPC (unregistered distributions, 2014) SEC 2014-11-10 Unregistered Distributions $25k settled
CFTC v. Emini Experts LLC and others (fraud and asset freeze, 2014) CFTC 2014-11-06 $2.1m judgment
Former Genetic Technologies CEO convicted of market manipulation (ASIC, 2014) ASIC 2014-11-05 Price Manipulation — judgment
SEC v. Steven Durrelle Williams (insider trading, 2014) SEC 2014-11-04 Insider Trading $75k settled
SEC v. Thomas and Delsa U. The D. Christopher Capital Management Group, LLC (ponzi schemes, 2014) SEC 2014-11-04 Ponzi Schemes $150k judgment
SEC v. Marlon Quan and Stewardship Investment Advisors, LLC (2014) SEC 2014-10-30 — judgment
SEC v. Eli D. Okman (churning, 2014) SEC 2014-10-28 Churning $32k settled
AMF France v. EuropaCorp, X and Y (false or misleading information, 2014) AMF (France) 2014-10-27 Misleading Issuer Disclosure — judgment
SEC v. Thrasos Tommy Petrou (rule 105 offering shorts, 2014) SEC 2014-10-27 Rule 105 Offering Shorts — settled
SEC v. Alicia Bryan (ponzi schemes, 2014) SEC 2014-10-22 Ponzi Schemes $150k judgment
SEC v. Armand R. Franquelin (ponzi schemes, 2014) SEC 2014-10-22 Ponzi Schemes , Unregistered Distributions — judgment
SEC v. Anthony Coronati and Bidtoask LLC (ponzi schemes, 2014) SEC 2014-10-17 Ponzi Schemes $100k settled
New South Wales man pleads guilty to market manipulation (ASIC, 2014) ASIC 2014-10-16 Matched Orders , Price Manipulation — judgment
SEC v. Athena Capital Research, LLC (marking the close, 2014) SEC 2014-10-16 Marking The Close $1m settled
SEC v. Judy K. Wolf (2014) SEC 2014-10-15 — dismissed
Former Hanlong managing director extradited, charged with insider trading (ASIC, 2014) ASIC 2014-10-10 Insider Trading — judgment
SEC v. E*Trade Securities, LLC and and G1 Execution Services, LLC (unregistered distributions, 2014) SEC 2014-10-09 Unregistered Distributions $1m settled
Former director of Northern Star Resources Limited charged with insider trading (ASIC, 2014) ASIC 2014-10-08 Insider Trading — judgment
AMF France v. Bourse Direct and A (layering, 2014) AMF (France) 2014-10-01 Layering — judgment
CFTC v. Eric Moncada, BES Capital LLC and Serdika LLC (price manipulation, 2014) CFTC 2014-10-01 Price Manipulation , Spoofing +1 $1.6m judgment
CFTC v. Daniel Shak (order violation, 2014) CFTC 2014-09-30 $100k settled
CFTC v. Beatty, Peak Capital Management Group (ponzi schemes, 2014) CFTC 2014-09-30 Ponzi Schemes $1m judgment
SEC v. Filip Szymik (insider trading, 2014) SEC 2014-09-30 Insider Trading $47.1k settled
SEC v. Jordan Peixoto (insider trading, 2014) SEC 2014-09-30 Insider Trading — dismissed
CFTC v. Fan Zhang (matched orders, 2014) CFTC 2014-09-29 Matched Orders $250k judgment
CFTC v. Gerald J. Considine, Novo Trading LLC and Considine Trading Corp. (customer fund fraud, 2014) CFTC 2014-09-29 $1.7m judgment
CFTC v. Absa Bank, Ltd. (matched orders, 2014) CFTC 2014-09-25 Matched Orders $150k judgment
CFTC v. John R. Bullar and Executive Management Advisors L.L.C. (commodity pool Ponzi scheme, 2014) CFTC 2014-09-23 Ponzi Schemes — judgment
SEC v. David A. Roskein (insider trading, 2014) SEC 2014-09-23 Insider Trading $42.8k settled
SEC v. Wells Fargo Advisors, LLC (insider trading controls, 2014) SEC 2014-09-22 Insider Trading $5m settled
SEC v. Ambassador Capital Management, LLC and Derek H. Oglesby (2014) SEC 2014-09-19 $821k judgment
CFTC v. SAC LP (insider trading, 2014) CFTC 2014-09-16 Insider Trading — unknown
SEC v. Advent Capital Management, LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Antipodean Advisors LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Blackrock Institutional Trust Company, N.A. (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $530k settled
SEC v. East Side Holdings II, Inc. (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $130k settled
SEC v. Explorador Capital Management, LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Formula Growth, Ltd. (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Great Point Partners, LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Indaba Capital Management, L.P. (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $97.4k settled
SEC v. Ironman Capital Management, LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $65k settled
SEC v. James C. Parsons (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $67.8k settled
SEC v. Midwood Capital Management LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Nob Hill Capital Management, Inc. (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts — settled
SEC v. RA Capital Management, LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $905k settled
SEC v. Rockwood Investment Management, Inc. (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $72.1k settled
SEC v. Seawolf Capital, LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $96.4k settled
SEC v. Solus Alternative Asset Management LP (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Suttonbrook Capital Management LP (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts — settled
SEC v. Troubh Partners LP (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $107k settled
SEC v. Vinci Partners Investimentos Ltda. (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $142k settled
SEC v. Whitebox Advisors LLC (rule 105 offering shorts, 2014) SEC 2014-09-16 Rule 105 Offering Shorts $366k settled
CFTC v. Brian Hunter (price manipulation, 2014) CFTC 2014-09-15 Price Manipulation $750k judgment
CFTC v. Morgan Stanley Smith Barney (2014) CFTC 2014-09-15 $280k judgment
CFTC v. Galemmo (ponzi schemes, 2014) CFTC 2014-09-15 Ponzi Schemes — settled
SEC v. Advanced Cell Technology, Inc. (2014) SEC 2014-09-10 $375k settled
SEC v. Herbert Steven Fouke (2014) SEC 2014-08-29 — judgment
CFTC v. FirstRand Bank, Ltd. (matched orders, 2014) CFTC 2014-08-27 Matched Orders $150k judgment
SEC v. Monness and others (2014) SEC 2014-08-20 $150k settled
SEC v. Timbervest, LLC Shapiro and others (2014) SEC 2014-08-20 — appealed
CFTC v. John Aaron Brooks (mismarking, 2014) CFTC 2014-08-04 Mismarking $500k judgment
CFTC v. Parnon Energy Inc., Arcadia Petroleum Ltd., Arcadia Energy (Suisse) SA, James Dyer and Nicholas Wildgoose (price manipulation, 2014) CFTC 2014-08-04 Price Manipulation $13m settled
CFTC v. Vasquez, Vasquez Global Investments (ponzi schemes, 2014) CFTC 2014-07-30 Ponzi Schemes $995k judgment
CFTC v. Lloyds Banking Group and Lloyds Bank (benchmark submission rigging, 2014) CFTC 2014-07-28 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +1 $105m settled
SEC v. LavaFlow, Inc. (2014) SEC 2014-07-25 $2.9m settled
AMF France v. Safetic, HSBC France, X, Arkeon Finance, D and E (insider trading and misleading information, 2014) AMF (France) 2014-07-22 Insider Trading — judgment
AMF France v. Loyaltouch, Strategic Corporate Finance, B and A (insider trading and misleading information, 2014) AMF (France) 2014-07-16 Insider Trading — judgment
SEC v. Erik H. Perry (undisclosed control blocks, 2014) SEC 2014-07-16 Undisclosed Control Blocks $150k settled
AMF France v. C and D (insider trading, 2014) AMF (France) 2014-07-09 Insider Trading — judgment
SEC v. Carmela Brocco (rule 105 offering shorts, 2014) SEC 2014-07-02 Rule 105 Offering Shorts $129k settled
SEC v. Derek W. Bakarich (rule 105 offering shorts, 2014) SEC 2014-07-02 Rule 105 Offering Shorts $9.7k settled
SEC v. Steven J. Niemis (rule 105 offering shorts, 2014) SEC 2014-07-02 Rule 105 Offering Shorts $78.5k settled
SEC v. Tina M. Lizzio (rule 105 offering shorts, 2014) SEC 2014-07-02 Rule 105 Offering Shorts $17.3k settled
SEC v. William W. Vowell (rule 105 offering shorts, 2014) SEC 2014-07-02 Rule 105 Offering Shorts $30.9k settled
SEC v. S.A.C. Capital Advisors, L.P. and affiliated entities (2014) SEC 2014-06-27 Insider Trading — settled
SEC v. Montanino and David J. (2014) SEC 2014-06-24 $25k judgment
CFTC v. Robert Andres (ponzi schemes, 2014) CFTC 2014-06-19 Ponzi Schemes $32.4m judgment