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. Stephen Durland (pump and dump, 2024) SEC 2024-08-13 Pump And Dump — judgment
SEC v. OTC Link LLC (layering, 2024) SEC 2024-08-12 Layering , Spoofing +2 $1.2m settled
SEC v. Kevan Casey et al. (pump and dump, 2024) SEC 2024-08-09 Pump And Dump — filed
SEC v. Steven D. Targum et al. (insider trading, 2024) SEC 2024-08-08 Insider Trading $86.8k settled
SEC v. South Bay Acquisitions, LLC, et al. (ponzi schemes, 2024) SEC 2024-07-31 Ponzi Schemes — filed
SEC v. Charles Baugh (insider trading, 2024) SEC 2024-07-30 Insider Trading — judgment
SEC v. Sivannarayana Barama (insider trading, 2024) SEC 2024-07-29 Insider Trading — judgment
CFTC v. Abner Alejandro Tinoco (ponzi schemes, 2024) CFTC 2024-07-26 Ponzi Schemes $18.8m judgment
ASIC v. COFCO International Australia Pty Ltd (marking the close, 2024) ASIC 2024-07-24 Marking The Close , Price Manipulation — unknown
Charges laid in alleged Telegram ‘pump and dump’ conspiracy following ASIC investigation (ASIC, 2024) ASIC 2024-07-23 Chat Group Pumps , Pump And Dump — filed
SEC v. Robert Newell and Black Hawk Funding, Inc. (ponzi schemes, 2024) SEC 2024-07-23 Ponzi Schemes — judgment
SEC v. Ricardi Celicourt and Brisly Guillaume (ponzi schemes, 2024) SEC 2024-07-19 Ponzi Schemes — filed
SEC v. Yossi Engel (ponzi schemes, 2024) SEC 2024-07-19 Ponzi Schemes — judgment
SEC v. Eliyahu Weinstein, Aryeh L. Bromberg, Joel L. Wittels, Richard M. Curry, Christopher J. Anderson, Alaa Mohamed Hattab, and Shlomo Erez (ponzi schemes, 2024) SEC 2024-07-15 Ponzi Schemes — unknown
SEC v. Gene Daniel Levoff (insider trading, 2024) SEC 2024-07-08 Insider Trading $1.1m unknown
CFTC v. Sam Ikkurty (ponzi schemes, 2024) CFTC 2024-07-03 Ponzi Schemes — judgment
CFTC v. Dwight A. Foster (ponzi schemes, 2024) CFTC 2024-07-02 Ponzi Schemes $6m judgment
SEC v. John J. Kralik V, JKV Capital, LLC, and JKV LLC (ponzi schemes, 2024) SEC 2024-07-02 Ponzi Schemes — filed
SEC v. Adrian J. Kawuba (ponzi schemes, 2024) SEC 2024-07-01 Ponzi Schemes — judgment
SEC v. John Brda and Georgios Palikaras (engineered short squeeze, 2024) SEC 2024-06-25 Engineered Short Squeeze — filed
SEC v. Meta Materials, Inc. ( and others (engineered short squeeze, 2024) SEC 2024-06-25 Engineered Short Squeeze , Paid Stock Promotion +1 $1m settled
SEC v. Robert J. Schettino (insider trading, 2024) SEC 2024-06-25 Insider Trading $199k settled
CFTC v. Trafigura (insider trading, 2024) CFTC 2024-06-17 Insider Trading , Price Manipulation $55m judgment
SEC v. Giguiere et al. (paid stock promotion, 2024) SEC 2024-06-13 Paid Stock Promotion $875k judgment
SEC v. Janusz (John) Zukowski and Jerry Samaras (reverse merger schemes, 2024) SEC 2024-06-13 Reverse Merger Schemes $600k settled
SEC v. Kerry Lee Broderick (free riding and parking, 2024) SEC 2024-06-12 Free Riding And Parking — settled
SEC v. Mario Gogliormella, Steven Lacaj, and Karim Ibrahim a/k/a/ Chris Hayes (boiler rooms, 2024) SEC 2024-06-12 Boiler Rooms — filed
SEC v. Marc Henry Menard and Laesha Jean-Louis (ponzi schemes, 2024) SEC 2024-06-11 Ponzi Schemes — unknown
SEC v. Anders J. Lindgren (insider trading, 2024) SEC 2024-06-06 Insider Trading $682k settled
SEC v. HF Foods Group Inc. (reverse merger schemes, 2024) SEC 2024-06-06 Reverse Merger Schemes $3.9m settled
SEC v. Andre Wong (insider trading, 2024) SEC 2024-06-04 Insider Trading — unknown
SEC v. Andreas Bechtolsheim (insider trading, 2024) SEC 2024-06-03 Insider Trading — judgment
SEC v. Tyler Loudon (insider trading, 2024) SEC 2024-05-31 Insider Trading — judgment
SEC v. Frank Lynold Mercado and Tiger Wolf Capital, LLC (ponzi schemes, 2024) SEC 2024-05-30 Ponzi Schemes — settled
SEC v. Ian Balina (paid stock promotion, 2024) SEC 2024-05-23 Paid Stock Promotion — filed
SEC v. Teresa Perez De Madrid (insider trading, 2024) SEC 2024-05-21 Insider Trading — settled
SEC v. Pedram Abraham Mehrian, Strategic Legacy Investment Group, Inc., and SLIG High-Interest Liquid Savings Company (ponzi schemes, 2024) SEC 2024-05-20 Ponzi Schemes — judgment
SEC v. Kershner Trading Americas, LLC (rule 105 offering shorts, 2024) SEC 2024-05-20 Rule 105 Offering Shorts $812k settled
SEC v. Nutra Pharma Corp. et al (unregistered distributions, 2024) SEC 2024-05-15 Unregistered Distributions — dismissed
CFTC v. Agridime and Its Co-Founders (ponzi schemes, 2024) CFTC 2024-05-14 Ponzi Schemes — unknown
SEC v. Tyrone Johnny Lacy, Jr. (free riding and parking, 2024) SEC 2024-05-13 Free Riding And Parking — filed
SEC v. Michael M. Beck and Helen Robinson (social media ramps, 2024) SEC 2024-05-13 Social Media Ramps $230k judgment
SEC v. Frank T. Poerio, Jr. (insider trading, 2024) SEC 2024-05-10 Insider Trading — judgment
SEC v. C-Bond Systems, Inc. and Scott Silverman (reverse merger schemes, 2024) SEC 2024-05-09 Reverse Merger Schemes $175k settled
SEC v. Steven Masterson (insider trading, 2024) SEC 2024-05-06 Insider Trading $50k settled
SEC v. Ahmed Alomari and MCM Consulting (paid stock promotion, 2024) SEC 2024-05-03 Paid Stock Promotion — filed
SEC v. John M. Moretz (insider trading, 2024) SEC 2024-05-03 Insider Trading $115k settled
SEC v. Sanjay Bhandari, Vinod Singhi, Rakesh Jain (insider trading, 2024) SEC 2024-04-30 Insider Trading $73.5k settled
CFTC v. Darren Robinson (ponzi schemes, 2024) CFTC 2024-04-26 Ponzi Schemes $5.9m judgment
SEC v. Kevin Crotty (insider trading, 2024) SEC 2024-04-26 Insider Trading — judgment
ASIC v. Henry Eng Chye Heng (insider trading, 2024) ASIC 2024-04-22 Insider Trading — unknown
CFTC v. Eshaq M. Nawabi (ponzi schemes, 2024) CFTC 2024-04-15 Ponzi Schemes $4.5m judgment
SEC v. George Stubos, et al. (paid stock promotion, 2024) SEC 2024-04-15 Paid Stock Promotion — judgment
SEC v. Gil Friedman (insider trading, 2024) SEC 2024-04-15 Insider Trading — judgment
CFTC v. Shak (banging the close, 2024) CFTC 2024-04-11 Banging The Close , Spoofing $750k settled
SEC v. Zachary J. Horwitz (ponzi schemes, 2024) SEC 2024-04-11 Ponzi Schemes — judgment
SEC v. Anthony Manna (insider trading, 2024) SEC 2024-04-09 Insider Trading $3.5k judgment
SEC v. Joseph Young (insider trading, 2024) SEC 2024-04-09 Insider Trading $16.6k settled
SEC v. Michael Sapraicone (insider trading, 2024) SEC 2024-04-09 Insider Trading $14.1k settled
SEC v. Matthew Panuwat (insider trading, 2024) SEC 2024-04-08 Insider Trading — unknown
SEC v. Eduardo Hernandez et al. (free riding and parking, 2024) SEC 2024-04-04 Free Riding And Parking — filed
SEC v. ClearPath Wealth Management, LLC and Patrick Churchville (ponzi schemes, 2024) SEC 2024-04-03 Ponzi Schemes — judgment
SEC v. Jason Nielsen (spoofing, 2024) SEC 2024-04-03 Spoofing — judgment
SEC v. Ronald Heineman (price manipulation, 2024) SEC 2024-04-03 Price Manipulation — judgment
SEC v. Senvest Management, LLC (insider trading, 2024) SEC 2024-04-03 Insider Trading $6.5m filed
CFTC v. Australian Swap Dealer (spoofing, 2024) CFTC 2024-04-02 Spoofing $500k judgment
SEC v. Travis Treusch (free riding and parking, 2024) SEC 2024-04-02 Free Riding And Parking — settled
SEC v. Matthew Nicosia, William Reininger, Fabrizio Di Carlo, and Ronald Touchard (paid stock promotion, 2024) SEC 2024-03-28 Paid Stock Promotion $100k judgment
Third person pleads guilty in relation to Courtenay House Ponzi scheme (ASIC, 2024) ASIC 2024-03-19 Ponzi Schemes — filed
SEC v. Ismael Zarco Sanchez, et al. (ponzi schemes, 2024) SEC 2024-03-14 Ponzi Schemes — judgment
SEC v. Roy M. Cook and others (insider trading, 2024) SEC 2024-03-12 Insider Trading — settled
SEC v. Ishan Wahi et al. (insider listing trading, 2024) SEC 2024-03-11 Insider Listing Trading , Insider Trading — judgment
SEC v. Hemant Agrawal (insider trading, 2024) SEC 2024-03-04 Insider Trading $29.8k settled
SEC v. Harmel S. Rayat, RenovaCare, Inc., Jatinder Bhogal (pump and dump, 2024) SEC 2024-02-27 Pump And Dump — judgment
SEC v. Contrarian Capital Management, L.L.C. (rule 105 offering shorts, 2024) SEC 2024-02-21 Rule 105 Offering Shorts $140k settled
SEC v. Andrew M. Komarow (free riding and parking, 2024) SEC 2024-02-20 Free Riding And Parking — settled
SEC v. Christian Fernandez (paid stock promotion, 2024) SEC 2024-02-20 Paid Stock Promotion — settled
SEC v. Rafael Vargas (ponzi schemes, 2024) SEC 2024-02-15 Ponzi Schemes — judgment
SEC v. John Feloni et al. (ponzi schemes, 2024) SEC 2024-02-12 Ponzi Schemes $223k judgment
SEC v. TradeStation Crypto, Inc. (unregistered distributions, 2024) SEC 2024-02-07 Unregistered Distributions $1.5m settled
Court declares Westpac engaged in unconscionable conduct for interest rate swap, maximum penalty applied (ASIC, 2024) ASIC 2024-01-31 Insider Trading $1.8m judgment
ASIC v. Cameron Waugh (insider trading, 2024) ASIC 2024-01-24 Insider Trading — unknown
SEC v. Tian "Tony" Tian (insider trading, 2024) SEC 2024-01-22 Insider Trading $72.1k settled
SEC v. J. Jeremy Barbera, et. al. (paid stock promotion, 2024) SEC 2024-01-18 Paid Stock Promotion $100k judgment
SEC v. Prosperity, Investments & Lending, LLC (ponzi schemes, 2024) SEC 2024-01-18 Ponzi Schemes — settled
CFTC v. a Trader (wash trading, 2024) CFTC 2024-01-16 Wash Trading — filed
SEC v. Jonathan Farber, Aarif Jamani, Brian Keasberry (paid stock promotion, 2024) SEC 2024-01-16 Paid Stock Promotion , Pump And Dump — filed
SEC v. Morgan Stanley & Co. LLC (insider trading, 2024) SEC 2024-01-12 Insider Trading — unknown
SEC v. Pawan Kumar Passi (insider trading, 2024) SEC 2024-01-12 Insider Trading — settled
SEC v. David Schottenstein, Kris Bortnovsky, Ryan Shapiro, Sakal Capital Management, LLC, and Sakal U.S. Fund, LLC (insider trading, 2024) SEC 2024-01-11 Insider Trading — judgment
SEC v. Carnovale, et al. (paid stock promotion, 2024) SEC 2024-01-03 Paid Stock Promotion — judgment
SEC v. Gannon Giguiere (insider trading, 2024) SEC 2024-01-03 Insider Trading — judgment
SEC v. Diana Mae Fernandez (ponzi schemes, 2023) SEC 2023-12-28 Ponzi Schemes — filed
SEC v. BarnBridge DAO (chat group pumps, 2023) SEC 2023-12-22 Chat Group Pumps — settled
SEC v. Tyler Ward and Troy Murray (chat group pumps, 2023) SEC 2023-12-22 Chat Group Pumps $125k settled
SEC v. Agridime LLC, Joshua Link, and Jed Wood (ponzi schemes, 2023) SEC 2023-12-18 Ponzi Schemes — unknown
SEC v. Dozy Mmobuosi, et al. (insider trading, 2023) SEC 2023-12-18 Insider Trading — filed
SEC v. Titanium Capital LLC and others (ponzi schemes, 2023) SEC 2023-12-18 Ponzi Schemes — filed
CFTC v. Freepoint Commodities LLC (insider trading, 2023) CFTC 2023-12-14 Insider Trading $91m judgment
SEC v. Andrew M. Komarow (free riding and parking, 2023) SEC 2023-12-08 Free Riding And Parking — judgment