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. Diamond Lane, Inc. (undisclosed control blocks, 2014) SEC 2014-06-16 Undisclosed Control Blocks — judgment
SEC v. ShopEye, Inc. and others (undisclosed control blocks, 2014) SEC 2014-06-16 Undisclosed Control Blocks — judgment
SEC v. Sunchip Technology, Inc. (undisclosed control blocks, 2014) SEC 2014-06-16 Undisclosed Control Blocks — judgment
SEC v. Thomas E. Meade (2014) SEC 2014-06-11 $100k settled
SEC v. Erik T. Voorhees (unregistered distributions, 2014) SEC 2014-06-03 Unregistered Distributions $35k settled
SEC v. George Louis Theodule (ponzi schemes, 2014) SEC 2014-06-02 Ponzi Schemes $250k judgment
SEC v. Shawn C. Hegedus (insider trading, 2014) SEC 2014-05-30 Insider Trading — settled
FCA v. Daniel James Plunkett (banging the close, 2014) FCA 2014-05-23 Banging The Close — settled
SEC v. G-2 Trading LLC (rule 105 offering shorts, 2014) SEC 2014-05-22 Rule 105 Offering Shorts $75k settled
SEC v. Genesis Advisory Services Corp., ABJ Societe Anonyme Corp. and Bruce J. Fixelle (rule 105 offering shorts, 2014) SEC 2014-05-21 Rule 105 Offering Shorts $492k settled
SEC v. Ironbird Capital LLC (rule 105 offering shorts, 2014) SEC 2014-05-21 Rule 105 Offering Shorts — settled
AMF France v. Risc Group, A and B (misleading statements, 2014) AMF (France) 2014-05-19 Misleading Issuer Disclosure — judgment
SEC v. Delaney and Yancey (naked short selling debate, 2014) SEC 2014-05-19 Naked Short Selling Debate $20k judgment
SEC v. Johnson and Michael H. (naked short selling debate, 2014) SEC 2014-05-19 Naked Short Selling Debate $125k settled
SEC v. Lindsey Alan Wetzig (naked short selling debate, 2014) SEC 2014-05-19 Naked Short Selling Debate — settled
AMF France v. F, G, H and I (insider dealing, 2014) AMF (France) 2014-05-16 Insider Trading — judgment
CFTC v. RP Martin Holdings Limited and Its Subsidiary (benchmark submission rigging, 2014) CFTC 2014-05-15 Benchmark Submission Rigging , Price Manipulation +1 $1.2m settled
FCA v. Martin Brokers (UK) Ltd (Martins) (benchmark submission rigging, 2014) FCA 2014-05-15 Benchmark Submission Rigging , Price Manipulation +2 — settled
SEC v. Joseph P. Doxey and William J. Daniels (fake press releases, 2014) SEC 2014-05-15 Fake Press Releases , Unregistered Distributions — judgment
OSC v. Duncan Cleworth and others (ponzi schemes, 2014) OSC 2014-05-14 Ponzi Schemes — judgment
SEC v. Christopher D. Wiest (insider trading, 2014) SEC 2014-05-13 Insider Trading $56.3k settled
SEC v. New York Stock Exchange LLC and others (2014) SEC 2014-05-01 $4.5m settled
AMF France v. Elliott Advisors (UK) Ltd and Elliott Management Corporation (insider dealing, 2014) AMF (France) 2014-04-25 Insider Trading — judgment
SEC v. Aharon R. Yehuda (insider trading, 2014) SEC 2014-04-25 Insider Trading $20.7k settled
SEC v. Oded Gabay (insider trading, 2014) SEC 2014-04-25 Insider Trading $22.2k settled
SEC v. Shimul A. Shah (insider trading, 2014) SEC 2014-04-25 Insider Trading $22.4k settled
SEC v. Suken A. Shah (insider trading, 2014) SEC 2014-04-25 Insider Trading $65k settled
SEC v. Chalmers and Julianne (ponzi schemes, 2014) SEC 2014-04-17 Ponzi Schemes , Unregistered Distributions — dismissed
SEC v. Empire Stock Transfer, Inc. and Patrick R. Mokros (undisclosed control blocks, 2014) SEC 2014-04-08 Undisclosed Control Blocks $50k settled
SEC v. Matthew J. Blevins (undisclosed control blocks, 2014) SEC 2014-04-08 Undisclosed Control Blocks $25k settled
SEC v. Visionary Trading LLC, Lightspeed Trading LLC and five individuals (layering, 2014) SEC 2014-04-04 Layering , Spoofing $1m settled
OSC v. Matthew Schloen (insider trading, 2014) OSC 2014-04-03 Insider Trading — settled
CFTC v. Martin, Martin, Queen Shoals Consultants (2014) CFTC 2014-03-31 $5.8m judgment
CFTC v. Onsa, New Century Investment Management (ponzi schemes, 2014) CFTC 2014-03-31 Ponzi Schemes $5.7m judgment
CFTC v. Defendants (ponzi schemes, 2014) CFTC 2014-03-21 Ponzi Schemes $1.1m judgment
FCA v. Mark Stevenson (price manipulation, 2014) FCA 2014-03-20 Price Manipulation — settled
SEC v. Wilfred J. Halpern, CPA (insider trading, 2014) SEC 2014-03-19 Insider Trading $41k settled
SEC v. Coplan and Jenny E. (ponzi schemes, 2014) SEC 2014-03-18 Ponzi Schemes , Unregistered Distributions — judgment
AMF France v. Company X (alleged momentum ignition, charges rejected, 2014) AMF (France) 2014-03-14 Momentum Ignition — dismissed
SEC v. Lions Gate Entertainment Corp. (2014) SEC 2014-03-13 $7.5m settled
CFTC v. Leben (ponzi schemes, 2014) CFTC 2014-03-12 Ponzi Schemes $7.7m judgment
SEC v. Worldwide Capital, Inc. and Jeffrey W. Lynn (rule 105 offering shorts, 2014) SEC 2014-03-05 Rule 105 Offering Shorts $2.5m settled
SEC v. John W. Femenia (insider trading, 2014) SEC 2014-02-26 Insider Trading — settled
SEC v. Timothy J. Geidel (ponzi schemes, 2014) SEC 2014-02-20 Ponzi Schemes — judgment
OSC v. David De Gouveia (wash trading, 2014) OSC 2014-02-18 Wash Trading — unknown
CFTC v. Defendants Harbor Light Asset (ponzi schemes, 2014) CFTC 2014-02-11 Ponzi Schemes $3.9m judgment
SEC v. Gonul Colak and Milen K. Kostov (naked short selling debate, 2014) SEC 2014-01-31 Naked Short Selling Debate $220k settled
FCA v. 7722656 Canada Inc (formerly Swift Trade Inc) (layering, 2014) FCA 2014-01-24 Layering — judgment
SEC v. BDO China Dahua CPA Co., Ltd. and four other China-based audit firms (2014) SEC 2014-01-22 — judgment
OSC v. Graziana Casale and Sterling Grace & Co. Ltd (2014) OSC 2014-01-15 — judgment
SEC v. Richard D. Hicks (ponzi schemes, 2014) SEC 2014-01-14 Ponzi Schemes — settled
SEC v. Marcus S. Spillson (insider trading, 2014) SEC 2014-01-09 Insider Trading $155k settled
SEC v. Axius Holdings, LLC and Henry Robertelli (rule 105 offering shorts, 2014) SEC 2014-01-06 Rule 105 Offering Shorts $26k settled
SEC v. John Durrett (rule 105 offering shorts, 2014) SEC 2014-01-06 Rule 105 Offering Shorts $26k settled
CFTC v. David M. Nunn (wash trading, 2013) CFTC 2013-12-19 Wash Trading $600k judgment
CFTC v. David R. Lynch (ponzi schemes, 2013) CFTC 2013-12-12 Ponzi Schemes $300k settled
OSC v. Imtiaz Hashmani (2013) OSC 2013-11-29 — settled
SEC v. Frank Bluestein (ponzi schemes, 2013) SEC 2013-11-26 Ponzi Schemes — appealed
CFTC v. Daniel Shak and SHK Management LLC (banging the close, 2013) CFTC 2013-11-25 Banging The Close , Price Manipulation +1 $400k settled
SEC v. Curt Kramer and others (unregistered distributions, 2013) SEC 2013-11-25 Unregistered Distributions — settled
OSC v. TransCap Corporation and others (ponzi schemes, 2013) OSC 2013-11-21 Ponzi Schemes — judgment
FCA v. Rahul Shah Individual (insider trading, 2013) FCA 2013-11-13 Insider Trading — judgment
SEC v. Julieann Palmer Martin (ponzi schemes, 2013) SEC 2013-11-13 Ponzi Schemes $1.1m judgment
SEC v. Michael Bresner, Ralph Calabro, Jason Konner and Dimitrios Koutsoubos (churning, 2013) SEC 2013-11-08 Churning $435k judgment
AMF France v. A and B (false information about a bank's capital, 2013) AMF (France) 2013-11-07 False Rumors — judgment
CFTC v. Donald R. Wilson and DRW Investments, LLC (banging the close, 2013) CFTC 2013-11-06 Banging The Close , Price Manipulation +1 — judgment
SEC v. Charles M. Raspa (price manipulation, 2013) SEC 2013-11-05 Price Manipulation — settled
SEC v. Steven Markowitz (price manipulation, 2013) SEC 2013-11-05 Price Manipulation — settled
CFTC v. Rabobank (benchmark submission rigging, 2013) CFTC 2013-10-29 Benchmark Submission Rigging , Price Manipulation $475m settled
FCA v. Coöperatieve Centrale Raiffeisen–Boerenleenbank B.A. (‘Rabobank’) (benchmark submission rigging, 2013) FCA 2013-10-29 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +1 — settled
AMF France v. A and B (insider dealing, 2013) AMF (France) 2013-10-18 Insider Trading — judgment
CFTC v. JPMorgan Chase Bank (price manipulation, 2013) CFTC 2013-10-16 Price Manipulation $100m judgment
SEC v. Knight Capital Americas LLC (2013) SEC 2013-10-16 $12m settled
OSC v. Bradon Technologies Ltd. and others (2013) OSC 2013-10-03 — judgment
CFTC v. Dominick Anthony Cognata (failure to produce records, 2013) CFTC 2013-09-30 $140k judgment
OSC v. Weizhen Tang (ponzi schemes, 2013) OSC 2013-09-30 Ponzi Schemes — judgment
SEC v. Adam Troy Dooly (paid stock promotion, 2013) SEC 2013-09-30 Paid Stock Promotion , Ponzi Schemes $3k settled
SEC v. Scott London, CPA (insider trading, 2013) SEC 2013-09-27 Insider Trading — settled
CFTC v. ICAP Europe Limited (benchmark submission rigging, 2013) CFTC 2013-09-25 Benchmark Submission Rigging , Price Manipulation $65m settled
FCA v. ICAP Europe Ltd (benchmark submission rigging, 2013) FCA 2013-09-25 Benchmark Submission Rigging , Price Manipulation — settled
SEC v. TD Bank, N.A. (2013) SEC 2013-09-23 $15m settled
OSC v. Louis Michael Kovacs (2013) OSC 2013-09-17 — settled
SEC v. Blackthorn Investment Group, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $260k settled
SEC v. Claritas Investment, Ltd. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Credentia Group, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled
SEC v. D. E. Shaw & Co., L.P. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $202k settled
SEC v. Deerfield Management Company, L.P. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $609k settled
SEC v. G-2 Trading LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $75k settled
SEC v. Hudson Bay Capital Management LP (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $272k settled
SEC v. JGP Global Gestão de Recursos Ltda. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $514k settled
SEC v. M.S. Junior, Inc. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $165k settled
SEC v. Manikay Partners LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $680k settled
SEC v. Meru Capital Group, LP (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $131k settled
SEC v. Merus Capital Partners, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Ontario Teachers’ Pension Plan Board (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $68.3k settled
SEC v. Pan Capital AB (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $221k settled
SEC v. PEAK6 Capital Management LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Philadelphia Financial Management of San Francisco, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Polo Capital International Gestão de Recursos Ltda. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $76k settled
SEC v. Soundpost Partners, LP (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled