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. Marathon Asset Management, LP (2024) SEC 2024-09-30 $1.5m settled
SEC v. TD Securities (USA) LLC (spoofing, 2024) SEC 2024-09-30 Spoofing $6.5m settled
SEC v. Austin Kauh (insider trading, 2024) SEC 2024-09-27 Insider Trading $30.3k settled
SEC v. Eric Hannelius (insider trading, 2024) SEC 2024-09-27 Insider Trading $168k settled
SEC v. Mango Labs, LLC, Mango DAO, and Blockworks Foundation (unregistered distributions, 2024) SEC 2024-09-27 Unregistered Distributions — settled
SEC v. Marco Babini, et al. (price manipulation, 2024) SEC 2024-09-27 Price Manipulation — judgment
SEC v. Robert B. Westbrook (hack to trade, 2024) SEC 2024-09-27 Hack To Trade , Insider Trading — filed
SEC v. Bhardwaj et al. (insider trading, 2024) SEC 2024-09-26 Insider Trading — judgment
SEC v. Bryan Scott McMillan (insider trading, 2024) SEC 2024-09-26 Insider Trading $122k settled
SEC v. Karina N. Fernandez and others (ponzi schemes, 2024) SEC 2024-09-26 Ponzi Schemes — judgment
CFTC v. Rudy Avila (ponzi schemes, 2024) CFTC 2024-09-25 Ponzi Schemes $1.5m judgment
CFTC v. Texas Associated Person (insider trading, 2024) CFTC 2024-09-25 Insider Trading — judgment
SEC v. Eric J. Watson et al. (insider trading, 2024) SEC 2024-09-24 Insider Trading $75k judgment
SEC v. Benjamin Ballout, Mohamed Zayed, and William Fielding (pump and dump, 2024) SEC 2024-09-23 Pump And Dump $922k judgment
SEC v. Centerline Investment Management Limited (rule 105 offering shorts, 2024) SEC 2024-09-23 Rule 105 Offering Shorts $112k settled
SEC v. Abraxas J. DiScala (pump and dump, 2024) SEC 2024-09-20 Pump And Dump , Unregistered Distributions — judgment
SEC v. Newpoint Financial Corp., Keith D. Beekmeyer and Andrew M. Bye (2024) SEC 2024-09-20 $300k settled
SEC v. Philip Markin (insider trading, 2024) SEC 2024-09-19 Insider Trading $32.7k settled
SEC v. Rari Capital Infrastructure LLC (unregistered distributions, 2024) SEC 2024-09-18 Unregistered Distributions — settled
SEC v. Gates Capital Management, Inc. (rule 105 offering shorts, 2024) SEC 2024-09-17 Rule 105 Offering Shorts $57.6k settled
SEC v. Joel David Castro Leon and Shmuel A. Sherr (spoofing, 2024) SEC 2024-09-17 Spoofing $139k settled
SEC v. NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao, and Hua Zhao (2024) SEC 2024-09-17 $4.8m judgment
SEC v. Federico Nannini, Mauro Nannini, Alejandro Thermiotis, and Francisco Tonarely (insider trading, 2024) SEC 2024-09-16 Insider Trading — settled
SEC v. Flyfish Club, LLC (unregistered distributions, 2024) SEC 2024-09-16 Unregistered Distributions $750k settled
SEBI v. OPG Securities Private Limited and others (NSE co-location, remand order, 2024) SEBI (India) 2024-09-13 — judgment
SEBI v. National Stock Exchange of India and others (co-location collusion charge, remand order, 2024) SEBI (India) 2024-09-13 — dismissed
CFTC v. Unregistered Florida Commodity Pool Operator and Its Chief Executive Officer (ponzi schemes, 2024) CFTC 2024-09-12 Ponzi Schemes — filed
SEC v. Anthony Guarino (2024) SEC 2024-09-12 $100k settled
SEC v. Dishant Gupta (insider trading, 2024) SEC 2024-09-10 Insider Trading — settled
SEBI v. Pranshu Bhutra and others (alleged insider trading in Infosys, 2024) SEBI (India) 2024-09-09 Insider Trading — dismissed
SEC v. Hunter Haithcock (ponzi schemes, 2024) SEC 2024-09-09 Ponzi Schemes — filed
SEC v. James M. Phillips (insider trading, 2024) SEC 2024-09-09 Insider Trading $63.2k settled
SEC v. Matthew P. Forlano (insider trading, 2024) SEC 2024-09-09 Insider Trading $18.2k settled
SEC v. Esmark Inc. and James P. Bouchard (sham tender offers, 2024) SEC 2024-09-06 Sham Tender Offers $600k settled
CFTC v. Sam Ikkurty (ponzi schemes, 2024) CFTC 2024-09-03 Ponzi Schemes $111m judgment
SEC v. Chanon Gordon (2024) SEC 2024-09-03 $25k settled
Former Courtenay House director sentenced to 11 years imprisonment (ASIC, 2024) ASIC 2024-09-02 Ponzi Schemes — judgment
SEBI v. Rajendra D. Shah and 35 others (NIFTY index options trades, 2024) SEBI (India) 2024-08-30 Matched Orders , Wash Trading — judgment
SEC v. Drew Morgan Ciccarelli (pump and dump, 2024) SEC 2024-08-30 Pump And Dump — judgment
SEC v. Nutra Pharma Corporation, et al. (unregistered distributions, 2024) SEC 2024-08-30 Unregistered Distributions $100k judgment
SEC v. Shaohua (Michael) Yin, et al. (insider trading, 2024) SEC 2024-08-30 Insider Trading — judgment
SEC v. Tanner S. Adam, Jonathan L. Adam, Triten Financial Group, LLC and GCZ Global LLC (ponzi schemes, 2024) SEC 2024-08-30 Ponzi Schemes — filed
SEBI v. Jyoti Munver (preferential allotment without payment, 2024) SEBI (India) 2024-08-30 Misleading Issuer Disclosure — dismissed
SEC v. Bernardo Mendia-Alcaraz and Toltec Capital LLC (2024) SEC 2024-08-28 $2.2m judgment
SEC v. Maggie Chen (insider trading, 2024) SEC 2024-08-28 Insider Trading $57.7k settled
CFTC v. TOTSA TotalEnergies Trading SA (price manipulation, 2024) CFTC 2024-08-27 Price Manipulation $48m settled
SEBI v. Rana Sugars Limited, Inder Pratap Singh Rana and others (fund diversion, 2024) SEBI (India) 2024-08-27 Misleading Issuer Disclosure — judgment
SEC v. Dileep Murthy (insider trading, 2024) SEC 2024-08-26 Insider Trading $88k settled
SEC v. Sound Point Capital Management LLP (2024) SEC 2024-08-26 $1.8m settled
SEBI v. Reliance Home Finance Limited, Anil D. Ambani and others (fund diversion, 2024) SEBI (India) 2024-08-22 Misleading Issuer Disclosure — judgment
SEC v. FlowPoint Partners, LLC and Peter J. DeCaprio (2024) SEC 2024-08-21 $290k settled
SEC v. Wells Real Estate Investment, LLC, Janalie C. Bingham and Jean Joseph (ponzi schemes, 2024) SEC 2024-08-20 Ponzi Schemes — filed
CFTC v. Raizen Energia SA and Raizen Trading SA (wash trading, 2024) CFTC 2024-08-19 Wash Trading $750k judgment
SEBI v. 768 applicants (ISO Settlement Scheme 2024, reversal trades in BSE stock options) SEBI (India) 2024-08-19 Wash Trading , Price Manipulation — settled
SEC v. Drive Planning, LLC and Russell Todd Burkhalter (ponzi schemes, 2024) SEC 2024-08-14 Ponzi Schemes — filed
SEBI v. Naysar Parikh and Ronak Narendra Parikh (PNB Housing Finance settlement, 2024) SEBI (India) 2024-08-13 Insider Trading — settled
SEBI v. Sidhant Chandalia (PNB Housing Finance settlement, 2024) SEBI (India) 2024-08-13 Insider Trading — settled
SEC v. Robert Del Prete (insider trading, 2024) SEC 2024-08-13 Insider Trading — judgment
SEC v. Stephen Durland (pump and dump, 2024) SEC 2024-08-13 Pump And Dump $230k settled
SEC v. OTC Link LLC (suspicious activity reporting, 2024) SEC 2024-08-12 $1.2m settled
SEBI v. Sachin Bhogte and others (front running of Girik Wealth Advisors trades, 2024) SEBI (India) 2024-08-09 Front Running — judgment
SEC v. Kevan Casey, Adrian James, Jonathan Friedlander and Robert Wheat (pump and dump, 2024) SEC 2024-08-09 Pump And Dump , Undisclosed Control Blocks — filed
SEC v. Steven D. Targum et al. (insider trading, 2024) SEC 2024-08-08 Insider Trading $110k settled
SEBI v. Binny Limited, M. Nandagopal and others (fund diversion and misstated accounts, 2024) SEBI (India) 2024-07-31 Misleading Issuer Disclosure — judgment
SEC v. South Bay Acquisitions, LLC and John N. Matson (ponzi schemes, 2024) SEC 2024-07-31 Ponzi Schemes $1k settled
SEBI v. Bhanu Katoch and others (JM Financial Mutual Fund NAV jump, 2024) SEBI (India) 2024-07-31 Insider Trading — judgment
SEBI v. Omaxe Limited, Rohtas Goel and others (financial statement misstatements, 2024) SEBI (India) 2024-07-30 Misleading Issuer Disclosure — judgment
SEBI v. Gaurav Singhal and Alka Jain (front running of Sapphire Intrex orders, 2024) SEBI (India) 2024-07-30 Front Running — judgment
SEC v. Charles Baugh (insider trading, 2024) SEC 2024-07-30 Insider Trading $474k settled
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
SEBI v. Vijay Mallya (routing of funds through UBS accounts into group-company shares, 2024) SEBI (India) 2024-07-26 Undisclosed Control Blocks — judgment
AMF France v. Biosynex and others (insider trading, 2024) AMF (France) 2024-07-25 Insider Trading — judgment
SEBI v. Greatdeal Finconsult Advisors LLP and others (Piramal Enterprises settlement, 2024) SEBI (India) 2024-07-25 Insider Trading — settled
ASIC v. COFCO International Australia Pty Ltd (marking the close, 2024) ASIC 2024-07-24 Marking The Close , Price Manipulation — filed
SEBI v. Prafulla Bhat and others (insider trading in Prakash Constrowell, 2024) SEBI (India) 2024-07-24 Insider Trading — judgment
Charges laid in alleged Telegram ‘pump and dump’ conspiracy following ASIC investigation (ASIC, 2024) ASIC 2024-07-23 Chat Group Pumps , Pump And Dump — judgment
SEC v. Robert Newell and Black Hawk Funding, Inc. (ponzi schemes, 2024) SEC 2024-07-23 Ponzi Schemes — judgment
AMF France v. Parrot, M. Henri Seydoux and M. Gilles Labossière (insider trading and false information, 2024) AMF (France) 2024-07-19 Misleading Issuer Disclosure , Insider Trading — judgment
SEC v. Ricardi Celicourt and Brisly Guillaume (ponzi schemes, 2024) SEC 2024-07-19 Ponzi Schemes — settled
SEC v. Yossi Engel (ponzi schemes, 2024) SEC 2024-07-19 Ponzi Schemes — judgment
AMF France v. Christophe Cambournac (insider trading, 2024) AMF (France) 2024-07-17 Insider Trading — settled
AMF France v. Jennifer Ann Hubber (insider trading, 2024) AMF (France) 2024-07-17 Insider Trading — settled
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 — filed
SEBI v. Amit Kumar Rathi and others (Electrosteel Castings settlement, 2024) SEBI (India) 2024-07-12 Insider Trading — settled
SEC v. Gene Daniel Levoff (insider trading, 2024) SEC 2024-07-08 Insider Trading $1.1m judgment
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 $1.6m judgment
SEC v. John J. Kralik V, JKV Capital, LLC and JKV LLC (2024) SEC 2024-07-02 — settled
SEC v. Adrian J. Kawuba (ponzi schemes, 2024) SEC 2024-07-01 Ponzi Schemes — judgment
SEBI v. Syed Farman Haider and Sanya Haider (insider trading in DEN Networks, 2024) SEBI (India) 2024-06-28 Insider Trading — judgment
SEBI v. Sanjay Dhingra and others (Kwality Limited financial statements, 2024) SEBI (India) 2024-06-28 Misleading Issuer Disclosure — 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 , Reverse Merger Schemes $1m settled
SEC v. Robert J. Schettino (insider trading, 2024) SEC 2024-06-25 Insider Trading $199k settled
SEBI v. Sanjay Chandra and Ajay Chandra (alleged routing of funds into Unitech shares, 2024) SEBI (India) 2024-06-21 — dismissed
CFTC v. Trafigura (insider trading, 2024) CFTC 2024-06-17 Insider Trading , Price Manipulation $55m judgment
SEC v. Giguiere et al. (undisclosed control blocks, 2024) SEC 2024-06-13 Undisclosed Control Blocks , Matched Orders +1 $875k judgment
SEC v. Janusz (John) Zukowski and Jerry Samaras (2024) SEC 2024-06-13 $700k settled
SEC v. Kerry Lee Broderick (free riding and parking, 2024) SEC 2024-06-12 Free Riding And Parking — settled