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
SEBI v. Vijay Pujara and others (synchronized and circular trades, Kavit Industries, 2025) SEBI (India) 2025-02-28 Matched Orders , Wash Trading — judgment
SEBI v. Ravindra Dahyabhai Patel (Sadhna Broadcast YouTube pump, settlement, 2025) SEBI (India) 2025-02-27 Social Media Ramps , Pump And Dump — settled
SEC v. Robert Allen Stanford and others (ponzi schemes, 2025) SEC 2025-02-24 Ponzi Schemes $5.9bn judgment
SEBI v. Electrocast Sales India Ltd., Madhav Kejriwal and others (insider trading, Electrosteel Castings, 2025) SEBI (India) 2025-02-20 Insider Trading — settled
SEC v. Thurman P. Bryant, III and others (ponzi schemes, 2025) SEC 2025-02-20 Ponzi Schemes — judgment
SEBI v. Krishna Shriram, legal heir of Siddharth Shriram (insider trading in Mawana Sugars, 2025) SEBI (India) 2025-02-18 Insider Trading — judgment
SEC v. Charlie Jinan Chen (insider trading, 2025) SEC 2025-02-13 Insider Trading $893k judgment
CFTC v. Rashawn Russell (ponzi schemes, 2025) CFTC 2025-02-10 Ponzi Schemes — judgment
SEC v. Anthony Marsico and others (insider trading, 2025) SEC 2025-02-10 Insider Trading — filed
SEC v. Airborne Wireless Network and others (pump and dump, 2025) SEC 2025-02-07 Pump And Dump , Undisclosed Control Blocks $22.6m judgment
SEBI v. Brightcom Group Ltd., M. Suresh Kumar Reddy and others (accounting irregularities, 2025) SEBI (India) 2025-02-06 Misleading Issuer Disclosure — judgment
SEC v. Frank T. Poerio, Jr. (insider trading, 2025) SEC 2025-02-06 Insider Trading — judgment
SEC v. Andre Wong (insider trading, 2025) SEC 2025-02-04 Insider Trading $93.9k judgment
AMF France v. M. Frédéric Marty and others (spoofing, 2025) AMF (France) 2025-02-03 Spoofing — judgment
SEBI v. Keyur Maniar and Ramit Chaudhri (insider trading in Infosys, 2025) SEBI (India) 2025-01-31 Insider Trading — judgment
SEBI v. Vivek Chauhan, Manish Mishra and others (Pressure Sensitive Systems YouTube ramp, 2025) SEBI (India) 2025-01-31 Social Media Ramps , Pump And Dump — judgment
SEBI v. Cerebra Integrated Technology Limited and others (misstated financial statements, 2025) SEBI (India) 2025-01-30 Misleading Issuer Disclosure — judgment
SEBI v. Urja Global Limited and others (misleading announcements, 2025) SEBI (India) 2025-01-29 Misleading Issuer Disclosure — judgment
SEBI v. Mandar Ulhas Bhatkar and Vikrant Bhimrao Kadam (front running of SVI Consolidated trades, 2025) SEBI (India) 2025-01-28 Front Running — judgment
SEBI adjudication orders on illiquid stock options at BSE (2025 batch) SEBI (India) 2025-01-27 Matched Orders — judgment
SEC v. John A. Heropoulos (insider trading, 2025) SEC 2025-01-24 Insider Trading $60.6k settled
SEC v. Kenneth G. Miccio (insider trading, 2025) SEC 2025-01-24 Insider Trading $10k settled
SEC v. Gabriel Rebeiz (insider trading, 2025) SEC 2025-01-22 Insider Trading $361k settled
AMF France v. Pharnext, M. Daniel Cohen and M. David Horn Solomon (false or misleading information, 2025) AMF (France) 2025-01-20 Misleading Issuer Disclosure — judgment
SEC v. Barry A. Ruffalo (insider trading, 2025) SEC 2025-01-17 Insider Trading $123k settled
SEC v. Investview, Inc. (unregistered distributions, 2025) SEC 2025-01-17 Unregistered Distributions $375k settled
SEC v. Naufal Sanaullah (2025) SEC 2025-01-17 — settled
SEC v. Robert L. Ruffalo and others (insider trading, 2025) SEC 2025-01-17 Insider Trading $70.9k settled
SEC v. William R. Ruffalo (insider trading, 2025) SEC 2025-01-17 Insider Trading $108k settled
SEC v. Eric Zhu (rug pulls, 2025) SEC 2025-01-16 Rug Pulls $150k settled
SEC v. Hari Prasad Sure, et al. (insider trading, 2025) SEC 2025-01-14 Insider Trading — judgment
SEC v. Alfred V. Tobia, Jr. and Elizabeth Lee (insider trading, 2025) SEC 2025-01-13 Insider Trading $1.4m settled
SEC v. Robinhood Financial LLC and Robinhood Securities, LLC (naked short selling debate, 2025) SEC 2025-01-13 Naked Short Selling Debate $45m settled
SEC v. SpeedRoute LLC (suspicious activity reporting, 2025) SEC 2025-01-10 $600k settled
SEBI v. Meghana Gosar and Deven Sangoi (front running settlement, 2025) SEBI (India) 2025-01-08 Front Running — settled
SEC v. Joseph M. Dupont and others (insider trading, 2025) SEC 2025-01-03 Insider Trading $36k judgment
SEBI v. Hanif Kasambhai Shekh (bulk SMS buy tips, Premier Synthetics, 2024) SEBI (India) 2024-12-31 — judgment
SEC v. Dale B. Chappell, et al. (insider trading, 2024) SEC 2024-12-30 Insider Trading — filed
SEBI v. Jaiprakash Power Ventures Limited and others (accounting for corporate guarantees, 2024) SEBI (India) 2024-12-27 Misleading Issuer Disclosure — judgment
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 — judgment
SEBI v. Nimai Parekh and Rahil Dalal (HDFC merger settlement, 2024) SEBI (India) 2024-12-20 Insider Trading — settled
SEC v. Silver Point Capital, L.P. (2024) SEC 2024-12-20 — dismissed
SEC v. Tai Mo Shan Limited (unregistered distributions, 2024) SEC 2024-12-20 Unregistered Distributions $36.7m settled
SEBI v. Samir Kothari, Jitendra N. Kewalramani and others (front running of Sheth family trust orders, settlement, 2024) SEBI (India) 2024-12-19 Front Running — settled
SEC v. Curt L Dewitz (insider trading, 2024) SEC 2024-12-19 Insider Trading $70.4k settled
SEC v. Ronald Bauer and seven others (pump and dump, 2024) SEC 2024-12-19 Pump And Dump $1m 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 — filed
SEC v. Sai-Hong Ignatius Ou (insider trading, 2024) SEC 2024-12-18 Insider Trading $1.5m settled
SEC v. SogoTrade, Inc. (2024) SEC 2024-12-17 $125k settled
AMF France v. EcoR1 Capital LLC and M. Oleg Nodelman (marking the close, 2024) AMF (France) 2024-12-13 Marking The Close — judgment
SEC v. Zachary Stevenson (spoofing, 2024) SEC 2024-12-13 Spoofing $150k settled
AMF France v. Auplata Mining Group and others (price manipulation, 2024) AMF (France) 2024-12-11 Price Manipulation — judgment
CFTC v. Storm Bryant, Elijah Bryant III and three companies (ponzi schemes, 2024) CFTC 2024-12-11 Ponzi Schemes $3.9m judgment
SEC v. Frederick Tayton Dencer, Luke Abelard Dencer and others (2024) SEC 2024-12-11 — filed
SEC v. John S. Clayton and others (insider trading, 2024) SEC 2024-12-11 Insider Trading , Paid Stock Promotion — filed
CFTC v. Francier Obando Pinillo, Solano Partners Ltd. and Solano Capital Investments (ponzi schemes, 2024) CFTC 2024-12-10 Ponzi Schemes — filed
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 $198k judgment
SEC v. Dow Rockwell LLC and Richard Dow Rockwell (2024) SEC 2024-12-03 $80k judgment
SEBI v. Praveen Rastogi and others (Continental Seeds and Chemicals scheme, 2024) SEBI (India) 2024-11-29 Matched Orders , Price Manipulation — judgment
SEBI v. Murari Lal Sarda and others (front running of Thar Share Brokers group trades, 2024) SEBI (India) 2024-11-28 Front Running — judgment
SEC v. FiveT Capital AG (rule 105 offering shorts, 2024) SEC 2024-11-26 Rule 105 Offering Shorts $805k settled
SEBI v. Maneesh Kumar Jain and S. V. Subha Rao (insider trading in Jagsonpal Pharmaceuticals, 2024) SEBI (India) 2024-11-22 Insider Trading — judgment
SEC v. Lightspeed Financial Services Group LLC (suspicious activity reporting, 2024) SEC 2024-11-22 $75k settled
SEC v. Paulson Investment Company LLC (suspicious activity reporting, 2024) SEC 2024-11-22 $75k settled
SEC v. Webull Financial LLC (2024) SEC 2024-11-22 $125k settled
SEC v. Timothy Page, Trevor Page and others (boiler rooms, 2024) SEC 2024-11-20 Boiler Rooms , Undisclosed Control Blocks $7.7m judgment
SEC v. Robert Brian Thompson (insider trading, 2024) SEC 2024-11-19 Insider Trading — settled
FCA v. Travis Lloyd Klein (fictitious internal trades, 2024) FCA 2024-11-18 Mismarking — unknown
SEBI v. S. Madhavan (Midvalley Entertainment IPO, remand order, 2024) SEBI (India) 2024-11-14 Misleading Issuer Disclosure — dismissed
SEC v. Epic Capital Wealth Advisors, LLC (2024) SEC 2024-11-08 — 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 — settled
SEBI v. United Phosphorus Limited and Jaidev Rajnikant Shroff (routing of funds via UBS accounts, settlement, 2024) SEBI (India) 2024-10-30 Misleading Issuer Disclosure — settled
CFTC v. NOLA FX Capital Management, LLC, Meteor, LLC and Michael B. DePetrillo (ponzi schemes, 2024) CFTC 2024-10-28 Ponzi Schemes — filed
CFTC v. Yueyu Bao (matched orders, 2024) CFTC 2024-10-24 Matched Orders $260k judgment
SEC v. Unisys Corporation (2024) SEC 2024-10-22 $4m settled
SEBI v. Nitinbhai Dalsukhbhai Chauhan and others (Manaksia Coated Metals synchronised trades, 2024) SEBI (India) 2024-10-21 Matched Orders , Price Manipulation — judgment
SEC v. Brian Quinn and David Skriloff (Environmental Packaging, 2024) SEC 2024-10-18 Reverse Merger Schemes , Undisclosed Control Blocks $461k 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 $206k settled
SEC v. Baris Cabalar (churning, 2024) SEC 2024-10-16 Churning — filed
CFTC v. Traders Domain FX LTD., Fredirick Safranko and others (ponzi schemes, 2024) CFTC 2024-10-15 Ponzi Schemes — filed
SEC v. Matthew Groom (insider trading, 2024) SEC 2024-10-15 Insider Trading $12.9k settled
SEBI v. Royal Orchid Hotels Limited and others (misclassified subsidiary, 2024) SEBI (India) 2024-10-11 Misleading Issuer Disclosure — judgment
SEC v. CLS Global FZC LLC and Andrey Zhorzhes (paid crypto market making, 2024) SEC 2024-10-09 Paid Crypto Market Making $425k 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 (pump and dump, 2024) SEC 2024-10-09 Pump And Dump — settled
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
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
SEBI v. National Stock Exchange of India and others (TAP network architecture, settlement, 2024) SEBI (India) 2024-10-04 — settled
CFTC v. Taishin Securities Co., Ltd. (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
SEBI v. Sureshkumar Parmar and others (Premier Synthetics Limited circular trades, 2024) SEBI (India) 2024-09-30 Wash Trading , Price Manipulation — judgment