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. Southpoint Capital Advisors LP (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $170k settled
SEC v. Talkot Capital LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled
SEC v. Vollero Beach Capital Partners LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $215k settled
SEC v. War Chest Capital Partners LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $130k settled
SEC v. Western Standard, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled
SEC v. David G. Bartholomew (ponzi schemes, 2013) SEC 2013-09-06 Ponzi Schemes — settled
SEC v. Lawrence D. Polizzotto (2013) SEC 2013-09-06 $50k settled
SEC v. Anthony John Johnson (ponzi schemes, 2013) SEC 2013-09-05 Ponzi Schemes — judgment
SEC v. Ricardo Bonilla Rojas (ponzi schemes, 2013) SEC 2013-09-04 Ponzi Schemes , Unregistered Distributions — judgment
CFTC v. Charles, The Borrowing Station (ponzi schemes, 2013) CFTC 2013-08-26 Ponzi Schemes $350k settled
OSC v. Kevin Warren Zietsoff (ponzi schemes, 2013) OSC 2013-08-19 Ponzi Schemes — settled
SEC v. North East Capital and LLCand Anthony T. Vicidomine (unregistered distributions, 2013) SEC 2013-08-16 Unregistered Distributions $150k settled
SEC v. Joseph Hilton a/k/a Joseph Yurkin (boiler rooms, 2013) SEC 2013-08-09 Boiler Rooms , Unregistered Distributions — judgment
SEC v. New Horizon Publishing Inc. (boiler rooms, 2013) SEC 2013-08-09 Boiler Rooms — settled
SEC v. Bogar, Young and Green (ponzi schemes, 2013) SEC 2013-08-02 Ponzi Schemes $780k judgment
SEC v. ABN AMRO Bank, N.V. (unregistered distributions, 2013) SEC 2013-07-31 Unregistered Distributions $2m settled
AMF France v. A, B, C, D, Verneuil et Associés, Verneuil Participations, Foch Investissements, FD Conseils et Participations and Duc SA (insider dealing and ownership disclosure failures, 2013) AMF (France) 2013-07-25 Insider Trading — judgment
CFTC v. Panther Energy Trading LLC and Michael J. Coscia (spoofing, 2013) CFTC 2013-07-22 Spoofing $1.4m judgment
FCA v. Michael Coscia (layering, 2013) FCA 2013-07-03 Layering , Price Manipulation +1 $903k settled
SEC v. Jennifer E. Thoennes (ponzi schemes, 2013) SEC 2013-07-01 Ponzi Schemes $45k judgment
AMF France v. LVMH Moët Hennessy-Louis Vuitton (undisclosed stake building in Hermès, 2013) AMF (France) 2013-06-25 Undisclosed Control Blocks — judgment
CFTC v. Varlesi (ponzi schemes, 2013) CFTC 2013-06-25 Ponzi Schemes $700k settled
CFTC v. Wright (ponzi schemes, 2013) CFTC 2013-06-24 Ponzi Schemes $1m settled
SEC v. Ward Onsa (ponzi schemes, 2013) SEC 2013-06-17 Ponzi Schemes — judgment
SEC v. Chicago Board Options Exchange and others (2013) SEC 2013-06-11 $6m settled
SEC v. optionsXpress, Inc., Thomas E. Stern and Jonathan I. Feldman (Regulation SHO, 2013) SEC 2013-06-07 Naked Short Selling Debate $4.1m judgment
AMF France v. ADT, Lado, Y, Z, C, D, A and B (insider dealing and disclosure failures, 2013) AMF (France) 2013-06-05 Insider Trading — judgment
CFTC v. Hales, Richardson, Bentley Equities (ponzi schemes, 2013) CFTC 2013-06-04 Ponzi Schemes $2.1m judgment
SEC v. UBS O’Connor, LLC (rule 105 offering shorts, 2013) SEC 2013-06-03 Rule 105 Offering Shorts $1.1m settled
CFTC v. Kevin Cassidy (mismarking, 2013) CFTC 2013-05-30 Mismarking $1m judgment
SEC v. Scuderi Group, Inc. and Salvatore Scuderi (unregistered distributions, 2013) SEC 2013-05-30 Unregistered Distributions $100k settled
SEC v. NASDAQ Stock Market, LLC and NASDAQ Execution Services, LLC (2013) SEC 2013-05-29 $10m settled
SEC v. Larry Michael Parrish (ponzi schemes, 2013) SEC 2013-05-24 Ponzi Schemes — settled
CFTC v. William Center, Gregory Center and Trade, LLC (ponzi schemes, 2013) CFTC 2013-05-23 Ponzi Schemes $4m judgment
SEC v. Institutional Shareholder Services Inc. (2013) SEC 2013-05-23 $300k settled
SEC v. Patrick Merrill Brody (ponzi schemes, 2013) SEC 2013-05-22 Ponzi Schemes , Unregistered Distributions — judgment
CFTC v. Christy, Crabapple Capital Group (ponzi schemes, 2013) CFTC 2013-05-20 Ponzi Schemes — judgment
AMF France v. A (insider dealing, 2013) AMF (France) 2013-05-17 Insider Trading — judgment
CFTC v. Harris, Starr, Complete Developments (ponzi schemes, 2013) CFTC 2013-05-13 Ponzi Schemes $7.6m judgment
CFTC v. Ron Eibschutz (2013) CFTC 2013-05-08 $75k settled
OSC v. Ming Chao Zhao (insider trading, 2013) OSC 2013-05-02 Insider Trading — settled
CFTC v. Kevin McLaren (wash trading, 2013) CFTC 2013-04-29 Wash Trading $400k judgment
CFTC v. Schmickle, Q Wealth Management (ponzi schemes, 2013) CFTC 2013-04-23 Ponzi Schemes $1.5m settled
CFTC v. Bailey, Hudspeth, PMC Strategy (ponzi schemes, 2013) CFTC 2013-04-17 Ponzi Schemes $1.4m judgment
AMF France v. A (insider dealing (recommending trades), 2013) AMF (France) 2013-04-16 Insider Trading — judgment
SEC v. Scott Reiman (insider trading, 2013) SEC 2013-04-15 Insider Trading $398k settled
AMF France v. A, B and C (insider dealing, 2013) AMF (France) 2013-04-12 Insider Trading — judgment
CFTC v. 4X Solutions, Chay (ponzi schemes, 2013) CFTC 2013-04-08 Ponzi Schemes $8.2m judgment
SEC v. Sean Nathan Healy (ponzi schemes, 2013) SEC 2013-04-08 Ponzi Schemes — settled
CFTC v. Cilli, Progressive Investment Funds (ponzi schemes, 2013) CFTC 2013-03-27 Ponzi Schemes — judgment
OSC v. Stephen Campbell (wash trading, 2013) OSC 2013-03-26 Wash Trading — settled
OSC v. Fernando Honorate Fagundes also known as Henry Roche and New Futures Trading International Corporation (ponzi schemes, 2013) OSC 2013-03-18 Ponzi Schemes — judgment
SEC v. Banco Comercial Português, S.A. (unregistered distributions, 2013) SEC 2013-03-18 Unregistered Distributions $250k settled
CFTC v. Ronnie Gene Wilson (ponzi schemes, 2013) CFTC 2013-02-28 Ponzi Schemes $23m judgment
CFTC v. CME Group’s New York Mercantile Exchange and Two Former Employees (2013) CFTC 2013-02-21 $4m settled
SEC v. James S. Tagliaferri (ponzi schemes, 2013) SEC 2013-02-21 Ponzi Schemes — judgment
AMF France v. A (insider dealing, 2013) AMF (France) 2013-02-20 Insider Trading — judgment
AMF France v. B, Saint Olive Gestion, Archos, A and company X (insider dealing, 2013) AMF (France) 2013-02-13 Insider Trading — judgment
CFTC v. Gelber Group (wash trading, 2013) CFTC 2013-02-08 Wash Trading $950k judgment
CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-02-06 Ponzi Schemes $1.1m settled
CFTC v. The Royal Bank of Scotland plc and RBS Securities Japan Limited (benchmark submission rigging, 2013) CFTC 2013-02-06 Benchmark Submission Rigging , Price Manipulation +1 $325m settled
FCA v. The Royal Bank of Scotland plc (benchmark submission rigging, 2013) FCA 2013-02-06 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +2 — settled
SEC v. Ardsley Advisory Partners (rule 105 offering shorts, 2013) SEC 2013-02-05 Rule 105 Offering Shorts $253k settled
CFTC v. Christy, Crabapple Capital Group (ponzi schemes, 2013) CFTC 2013-01-28 Ponzi Schemes $1.5m settled
SEC v. Kris Chellam (insider trading, 2013) SEC 2013-01-10 Insider Trading — judgment
AMF France v. Orco Property Group, B, A and C (misleading information and insider dealing, 2012) AMF (France) 2012-10-22 Insider Trading — judgment
AMF France v. A, B, C, D, E, F and Intouch Investments (insider dealing, 2012) AMF (France) 2012-09-28 Insider Trading — judgment
AMF France v. A (misleading press release, 2012) AMF (France) 2012-08-08 Misleading Issuer Disclosure — judgment
AMF France v. D, A, Company Z, B, C and firms X and Y (misleading financial information, 2012) AMF (France) 2012-07-19 Misleading Issuer Disclosure , Insider Trading — judgment
AMF France v. Company X and A (misleading prospectus information, 2012) AMF (France) 2012-07-03 Misleading Issuer Disclosure — judgment
AMF France v. Bricorama SA, C, A, B and firm X (misleading financial information, 2012) AMF (France) 2012-06-29 Misleading Issuer Disclosure — judgment
SEC v. Jetronic Industries, Inc. and others (registration revocation, 2012) SEC 2012-06-25 — judgment
AMF France v. Exane, Boussard & Gavaudan, A and B (insider dealing and information-handling failures, 2012) AMF (France) 2012-06-14 Insider Trading — judgment
SEC v. Peter Emrich and others (2011) SEC 2011-12-30 — judgment
AMF France v. X (insider dealing, charges rejected, 2011) AMF (France) 2011-12-01 Insider Trading — dismissed
AMF France v. Allianz Global Investors France, BNP Paribas, Société Générale, Y and X (insider dealing, 2011) AMF (France) 2011-11-24 Insider Trading — judgment
AMF France v. Company X and A (price manipulation, 2011) AMF (France) 2011-10-28 Price Manipulation — judgment
AMF France v. H and J (insider dealing, 2011) AMF (France) 2011-09-16 Insider Trading — judgment
AMF France v. A and B (insider dealing, 2011) AMF (France) 2011-09-15 Insider Trading — judgment
AMF France v. Company X, A, B and C (front-running of a client order, 2011) AMF (France) 2011-07-04 Front Running — judgment
SEC v. Dohan + Company CPA and others (audit conduct, 2011) SEC 2011-06-27 — judgment
AMF France v. A, X, Y, Z, W (price manipulation, 2011) AMF (France) 2011-05-26 Price Manipulation — judgment
AMF France v. Kraay Trading I BV (spoofing, 2011) AMF (France) 2011-05-12 Spoofing — judgment
SEC v. David W. Baldt (insider trading, 2011) SEC 2011-04-21 Insider Trading — judgment
SEC v. David E. Zilkha (insider trading, 2011) SEC 2011-04-13 Insider Trading — judgment
AMF France v. Groupe X, Y, Z (insider trading, 2011) AMF (France) 2011-03-31 Insider Trading — judgment
AMF France v. A, B, C, D, Cabinet X, Cabinet Y (false or misleading information, 2011) AMF (France) 2011-03-31 Misleading Issuer Disclosure — judgment
AMF France v. Crédit Agricole Corporate and Investment Bank, Natixis, A, Management company X (insider trading, 2011) AMF (France) 2011-03-17 Insider Trading — judgment
AMF France v. A, B, C, D, E, F, G, H, I (insider trading, 2011) AMF (France) 2011-02-17 Insider Trading — judgment
AMF France v. A (newsletter-scalping, 2010) AMF (France) 2010-12-16 Newsletter Scalping — judgment
AMF France v. X, A (insider trading, 2010) AMF (France) 2010-11-25 Insider Trading — dismissed
AMF France v. A, B, C, D, E, F, G, H (insider trading, 2010) AMF (France) 2010-11-18 Insider Trading — judgment
AMF France v. A (false or misleading information, 2010) AMF (France) 2010-11-04 Misleading Issuer Disclosure — judgment
AMF France v. A, X (false or misleading information, 2010) AMF (France) 2010-10-28 Misleading Issuer Disclosure — judgment
AMF France v. A, B, X (false or misleading information, 2010) AMF (France) 2010-10-21 Misleading Issuer Disclosure — judgment
AMF France v. Orgasynth SA, A (false or misleading information, 2010) AMF (France) 2010-09-16 Misleading Issuer Disclosure — judgment
AMF France v. A, B (insider trading, 2010) AMF (France) 2010-06-10 Insider Trading — judgment
AMF France v. A, B, C, D, E (insider trading, 2010) AMF (France) 2010-05-27 Insider Trading — judgment
AMF France v. X, Cabinet Y (false or misleading information, 2010) AMF (France) 2010-05-20 Misleading Issuer Disclosure — judgment
AMF France v. X, A, B, C (false or misleading information, 2010) AMF (France) 2010-04-01 Misleading Issuer Disclosure — judgment