Market Manipulation. Search

Market manipulation case library

This library records 2,117 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
2,117
Total penalties
$15.4bn
Median penalty
$258k
Agencies
2
Techniques
36

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 608 Ponzi schemes 532 Paid stock promotion 219 Unregistered distributions 136 Pump and dump 121 Undisclosed control blocks 119 Spoofing 114 Wash trading 90 Price manipulation 72 Boiler rooms 71 Reverse merger schemes 66 The naked short selling debate 41 Benchmark submission rigging 32 Matched orders 24 Churning 19 Free riding and parking 18 Fake press releases 16 Layering 15 Newsletter scalping 15 Marking the close 10 Cash versus derivatives schemes 10 Front running 9 Shell factories 8 Chat group pumps 6 False rumours 5 Custodianship shell hijacking 5 Settlement price manipulation 4 Exchange wash trading 3 Banging the close 3 FX fixing 3 Engineered short squeeze 2 Marking the open 1 Rug pulls 1 Insider listing trading 1 Oracle manipulation 1 Float locking 1

By agency

CFTC 349 SEC 1768

By year filed

2026 85 2025 103 2024 182 2023 202 2022 174 2021 142 2020 178 2019 181 2018 221 2017 210 2016 179 2015 205 2014 27 2013 28

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. John Feloni and Stock Squirrel, Inc. (ponzi schemes, 2023) SEC 2023-09-29 Ponzi Schemes — filed
SEC v. Maxim Group, LLC (naked short selling debate, 2023) SEC 2023-09-29 Naked Short Selling Debate — settled
SEC v. Nano-x Imaging Ltd. and Ran Poliakine (paid stock promotion, 2023) SEC 2023-09-29 Paid Stock Promotion $650k judgment
CFTC v. unnamed respondents (ponzi schemes, 2023) CFTC 2023-09-28 Ponzi Schemes — unknown
CFTC v. Unregistered Pool Operator and its Owner (ponzi schemes, 2023) CFTC 2023-09-28 Ponzi Schemes — unknown
SEC v. Anthony Viggiano, Stephen A. Forlano, Christopher Salamone, and Nathan Bleckley (insider trading, 2023) SEC 2023-09-28 Insider Trading — unknown
SEC v. Marco A Perez, Pedro Perez Jr., and Olivia Perez Durbin (insider trading, 2023) SEC 2023-09-28 Insider Trading — settled
SEC v. Michael Blumer, John Kuprianchik, David Page, Steven Thompson, Joseph Todaro (churning, 2023) SEC 2023-09-28 Churning — unknown
CFTC v. Dichao Xie (insider trading, 2023) CFTC 2023-09-27 Insider Trading $350k judgment
SEC v. Cloudastructure, Inc. (paid stock promotion, 2023) SEC 2023-09-27 Paid Stock Promotion $558k settled
SEC v. Hightimes Holding Corp. (paid stock promotion, 2023) SEC 2023-09-27 Paid Stock Promotion — settled
SEC v. Peixin Xu (undisclosed control blocks, 2023) SEC 2023-09-27 Undisclosed Control Blocks — settled
SEC v. Robert Del Prete (insider trading, 2023) SEC 2023-09-27 Insider Trading — judgment
CFTC v. Dallas and Los Angeles Area Precious Metals Dealers (paid stock promotion, 2023) CFTC 2023-09-26 Paid Stock Promotion — filed
CFTC v. Florida Man (ponzi schemes, 2023) CFTC 2023-09-26 Ponzi Schemes — filed
SEC v. Bruderman Asset Management, LLC and Gary Goldberg Planning Services, LLC and Matthew J. Bruderman (undisclosed control blocks, 2023) SEC 2023-09-26 Undisclosed Control Blocks — settled
SEC v. Philip Verges, James D. Tilton, Jr., Robert F. Malin, Linda Malin, and others (pump and dump, 2023) SEC 2023-09-26 Pump And Dump — unknown
SEC v. William B. McHenry, Jr. and First South Investments, LLC (ponzi schemes, 2023) SEC 2023-09-26 Ponzi Schemes , Unregistered Distributions — judgment
SEC v. Michael Caridi (paid stock promotion, 2023) SEC 2023-09-25 Paid Stock Promotion — unknown
SEC v. Stephen L. Bailey, Sapphire Exploration LLC, and Harris Exploration Inc. (paid stock promotion, 2023) SEC 2023-09-25 Paid Stock Promotion , Ponzi Schemes — filed
CFTC v. California Resident (wash trading, 2023) CFTC 2023-09-22 Wash Trading $300k judgment
SEC v. Citadel Securities, LLC (naked short selling debate, 2023) SEC 2023-09-22 Naked Short Selling Debate — settled
SEC v. Empirex Capital LLC and Rafael Alberto Vargas Gonzalez, a/k/a Rafael Vargas (ponzi schemes, 2023) SEC 2023-09-22 Ponzi Schemes — unknown
SEC v. Nathalia I. Burgos, Christian A. Cuesta, Steven A. Fernandez et. al. (ponzi schemes, 2023) SEC 2023-09-22 Ponzi Schemes — settled
SEC v. Jon P. Kubler, Kubler Consulting LLC, Aksarben Evolution LLC, AV Bhill LLC, CFH Texas LLC, Green Saddle LLC (ponzi schemes, 2023) SEC 2023-09-21 Ponzi Schemes — filed
SEC v. Jonathan Becker (insider trading, 2023) SEC 2023-09-21 Insider Trading — settled
SEC v. Luis Ricardo Quiroz Gardea (ponzi schemes, 2023) SEC 2023-09-21 Ponzi Schemes — settled
SEC v. MFB 111 Investment, LLC and Monise François Bien Aimé (ponzi schemes, 2023) SEC 2023-09-19 Ponzi Schemes — filed
SEC v. Tilila Walker Sumchai (ponzi schemes, 2023) SEC 2023-09-19 Ponzi Schemes — filed
SEC v. GGToor, Inc. (unregistered distributions, 2023) SEC 2023-09-18 Unregistered Distributions — settled
SEC v. Jonathan J. Ferrie (insider trading, 2023) SEC 2023-09-18 Insider Trading — settled
SEC v. Lyft, Inc. (insider trading, 2023) SEC 2023-09-18 Insider Trading — settled
SEC v. Xia Hong (insider trading, 2023) SEC 2023-09-14 Insider Trading — settled
SEC v. Rand Heckler (ponzi schemes, 2023) SEC 2023-09-13 Ponzi Schemes — judgment
SEC v. Stoner Cats 2, LLC (unregistered distributions, 2023) SEC 2023-09-13 Unregistered Distributions — settled
SEC v. Esos Rings, Inc. and Michelle Silverstein aka Michelle Silverstein Bisnoff (ponzi schemes, 2023) SEC 2023-09-12 Ponzi Schemes $233k judgment
SEC v. George Stubos (paid stock promotion, 2023) SEC 2023-09-12 Paid Stock Promotion — judgment
SEC v. Virtu Financial Inc. and Virtu Americas LLC (insider trading, 2023) SEC 2023-09-12 Insider Trading — filed
SEC v. Mortgage Industry Advisory Corporation (insider trading, 2023) SEC 2023-09-11 Insider Trading $100k settled
SEC v. Simplex Trading, LLC (naked short selling debate, 2023) SEC 2023-09-11 Naked Short Selling Debate — settled
SEC v. Mina Tadrus, et al. (ponzi schemes, 2023) SEC 2023-09-08 Ponzi Schemes — filed
CFTC v. Texas Firm and Head Trader (spoofing, 2023) CFTC 2023-09-07 Spoofing — filed
SEC v. Linus Financial, Inc. (unregistered distributions, 2023) SEC 2023-09-07 Unregistered Distributions — settled
SEC v. Brady Jack Speers, Chatree Thiranon, and GHAP, LLC d/b/a Blue Star Texas (ponzi schemes, 2023) SEC 2023-08-31 Ponzi Schemes — judgment
SEC v. William V. Conn, Jr. (ponzi schemes, 2023) SEC 2023-08-31 Ponzi Schemes — filed
SEC v. Archipelago Trading Services, Inc. (layering, 2023) SEC 2023-08-29 Layering , Spoofing +1 — settled
SEC v. Deyonte Jahtori Anthony (free riding and parking, 2023) SEC 2023-08-28 Free Riding And Parking — settled
SEC v. Impact Theory, LLC (unregistered distributions, 2023) SEC 2023-08-28 Unregistered Distributions $500k settled
SEC v. Romero Cabral da Costa Neto (insider trading, 2023) SEC 2023-08-24 Insider Trading — unknown
CFTC v. Texas Man and His Company (ponzi schemes, 2023) CFTC 2023-08-23 Ponzi Schemes — filed
SEC v. Daniel V.T. Catenacci (insider trading, 2023) SEC 2023-08-21 Insider Trading $50k judgment
SEC v. Carla Lea Chastain (churning, 2023) SEC 2023-08-18 Churning — settled
SEC v. Chad Stickforth (ponzi schemes, 2023) SEC 2023-08-08 Ponzi Schemes — judgment
SEC v. Charles Rustin Holzer, Maglione International Ltd., Frontenac Investments Ltd. (insider trading, 2023) SEC 2023-08-07 Insider Trading — judgment
SEC v. Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., Rainberry, Inc., Austin Mahone, and Deandre Cortez Way (paid stock promotion, 2023) SEC 2023-08-07 Paid Stock Promotion , Wash Trading — judgment
SEC v. Jose D. Rocha (ponzi schemes, 2023) SEC 2023-08-03 Ponzi Schemes — settled
SEC v. Janardhan Nellore, et al. (insider trading, 2023) SEC 2023-08-02 Insider Trading — judgment
SEC v. Mina Tadrus and Tadrus Capital LLC (ponzi schemes, 2023) SEC 2023-08-02 Ponzi Schemes — filed
CFTC v. UK Trader (spoofing, 2023) CFTC 2023-08-01 Spoofing $150k judgment
SEC v. Moshe aka "Mark" Feuer, Scott A. Taylor (unregistered distributions, 2023) SEC 2023-07-31 Unregistered Distributions — settled
SEC v. Murray A. Huberfeld (unregistered distributions, 2023) SEC 2023-07-31 Unregistered Distributions — settled
SEC v. Brent Seaman, Accanito Holdings, LLC, and others (paid stock promotion, 2023) SEC 2023-07-28 Paid Stock Promotion , Ponzi Schemes — judgment
SEC v. Joseph C. Lewis, et al. (insider trading, 2023) SEC 2023-07-26 Insider Trading — filed
CFTC v. Tennessee Husband and Wife Realtors (ponzi schemes, 2023) CFTC 2023-07-25 Ponzi Schemes — filed
SEC v. Amit Dagar and Atul Bhiwapurkar (insider trading, 2023) SEC 2023-07-25 Insider Trading — unknown
SEC v. Brandon Charnas (insider trading, 2023) SEC 2023-07-25 Insider Trading — unknown
SEC v. Quantstamp, Inc. (unregistered distributions, 2023) SEC 2023-07-21 Unregistered Distributions $1m settled
SEC v. Eric J. "EJ" Dalius et al. (ponzi schemes, 2023) SEC 2023-07-20 Ponzi Schemes $112k judgment
SEC v. Monroe Capital Management Advisors, LLC (undisclosed control blocks, 2023) SEC 2023-07-20 Undisclosed Control Blocks — settled
SEC v. Robert D. Christensen, Anthony M. Matic, Foresee, Inc., The Commission PDX, LLC, The Policy PDX, Innings 150 (ponzi schemes, 2023) SEC 2023-07-20 Ponzi Schemes $200k judgment
SEC v. Chadd L. Evans (free riding and parking, 2023) SEC 2023-07-19 Free Riding And Parking $10k judgment
SEC v. James P. Anglim (boiler rooms, 2023) SEC 2023-07-17 Boiler Rooms — judgment
SEC v. Nirdosh Jagota, Ph.D. (insider trading, 2023) SEC 2023-07-17 Insider Trading — settled
SEC v. Joseph Michael Todd, et al. (ponzi schemes, 2023) SEC 2023-07-13 Ponzi Schemes — settled
CFTC v. Florida (price manipulation, 2023) CFTC 2023-07-12 Price Manipulation $11.7m judgment
SEC v. Nayeem Choudhury and Dream Venture Capital Group, LLC (paid stock promotion, 2023) SEC 2023-07-12 Paid Stock Promotion , Ponzi Schemes — unknown
SEC v. RSE Markets, Inc. (matched orders, 2023) SEC 2023-07-12 Matched Orders — settled
SEC v. Costello et al. (paid stock promotion, 2023) SEC 2023-07-11 Paid Stock Promotion — judgment
SEC v. Legend Venture Partners LLC (boiler rooms, 2023) SEC 2023-07-11 Boiler Rooms — filed
SEC v. Andrew DeFrancesco, Marlio Mauricio Diaz Cardona, Carlos Felipe Rezk, Nikola Faukovic, and Catherine DeFrancesco (pump and dump, 2023) SEC 2023-07-07 Pump And Dump — judgment
CFTC v. Unregistered Michigan Commodity Pool Operator and its President (ponzi schemes, 2023) CFTC 2023-07-06 Ponzi Schemes — unknown
SEC v. Empires Consulting Corp., et al. (paid stock promotion, 2023) SEC 2023-07-06 Paid Stock Promotion $6m judgment
SEC v. Bruce Garelick, Michael Shvartsman, Rocket One Capital LLC, and Gerald Shvartsman (insider trading, 2023) SEC 2023-06-30 Insider Trading — unknown
SEC v. Damon R. Durante (undisclosed control blocks, 2023) SEC 2023-06-30 Undisclosed Control Blocks — unknown
SEC v. Jordan Meadow and Steven Teixeira (insider trading, 2023) SEC 2023-06-30 Insider Trading — unknown
SEC v. Juan Roman (insider trading, 2023) SEC 2023-06-30 Insider Trading $97.8k judgment
CFTC v. unnamed respondents (insider trading, 2023) CFTC 2023-06-29 Insider Trading — unknown
SEC v. Ashutosh Bhardwaj (insider trading, 2023) SEC 2023-06-29 Insider Trading — settled
SEC v. Wilson Baston (A/K/A Chanon Gordon) (ponzi schemes, 2023) SEC 2023-06-28 Ponzi Schemes — filed
SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023) SEC 2023-06-27 Boiler Rooms — judgment
SEC v. Royal Bengal Logistics, Inc. and Sanjay Singh (ponzi schemes, 2023) SEC 2023-06-26 Ponzi Schemes — filed
CFTC v. unnamed respondents (wash trading, 2023) CFTC 2023-06-20 Wash Trading — unknown
SEC v. Hal D. Mintz and Sabby Management LLC (naked short selling debate, 2023) SEC 2023-06-14 Naked Short Selling Debate — filed
SEC v. Josh S. Verne (ponzi schemes, 2023) SEC 2023-06-14 Ponzi Schemes — unknown
CFTC v. unnamed respondents (cash vs derivatives schemes, 2023) CFTC 2023-06-12 Cash Vs Derivatives Schemes — unknown
SEC v. Chimene Van Gundy and others (ponzi schemes, 2023) SEC 2023-05-31 Ponzi Schemes — judgment
SEC v. RTW Investments, LP (undisclosed control blocks, 2023) SEC 2023-05-30 Undisclosed Control Blocks — settled
SEC v. Eleazar Kauderer, GPL Ventures LLC, et al. (paid stock promotion, 2023) SEC 2023-05-24 Paid Stock Promotion — judgment
SEC v. Integrated National Resources, Inc. dba WeedGenics, Rolf Max Hirschmann aka "Max Bergmann," and Patrick Earl Williams (ponzi schemes, 2023) SEC 2023-05-23 Ponzi Schemes — unknown
SEC v. Thomas Carter Ronk (paid stock promotion, 2023) SEC 2023-05-22 Paid Stock Promotion — judgment