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. Mario Gogliormella, Steven Lacaj, and Karim Ibrahim a/k/a/ Chris Hayes (boiler rooms, 2024) SEC 2024-06-12 Boiler Rooms — filed
SEBI v. Pradeep Baijnath Pandya and others (CNBC Awaaz, 2024) SEBI (India) 2024-06-11 Analyst Manipulation , Front Running — judgment
SEC v. Marc Henry Menard and Laesha Jean-Louis (2024) SEC 2024-06-11 $361k judgment
SEC v. Anders J. Lindgren (insider trading, 2024) SEC 2024-06-06 Insider Trading $682k settled
SEC v. HF Foods Group Inc. (2024) SEC 2024-06-06 $3.9m settled
SEC v. Andre Wong (insider trading, 2024) SEC 2024-06-04 Insider Trading $93.9k settled
SEC v. Andreas Bechtolsheim (insider trading, 2024) SEC 2024-06-03 Insider Trading $924k judgment
SEBI v. Vinod V. Sable and others (Svarnim Trade Udyog Ltd pump and dump, 2024) SEBI (India) 2024-05-31 Social Media Ramps , Pump And Dump — judgment
SEBI v. Gaurav Dedhia and Kajal Savla (front running of institutional orders, 2024) SEBI (India) 2024-05-31 Front Running — judgment
SEC v. Tyler Loudon (insider trading, 2024) SEC 2024-05-31 Insider Trading — judgment
SEBI v. NNM Securities Pvt Ltd and others (Bhatia Communications & Retail (India) Ltd, 2024) SEBI (India) 2024-05-30 Price Manipulation , Pump And Dump — judgment
SEBI v. TIL Ltd and others (financial statement fraud, 2024) SEBI (India) 2024-05-30 Misleading Issuer Disclosure — 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 — dismissed
SEBI v. Nishil Surendra Marfatia and others (Alankit Ltd, 2024) SEBI (India) 2024-05-22 Price Manipulation — judgment
SEBI v. Rajneesh Kumar and others (Superior Finlease Ltd pump and dump, 2024) SEBI (India) 2024-05-22 Social Media Ramps , Pump And Dump — judgment
SEC v. Teresa Perez De Madrid (insider trading, 2024) SEC 2024-05-21 Insider Trading — settled
SEC v. Kershner Trading Americas, LLC (rule 105 offering shorts, 2024) SEC 2024-05-20 Rule 105 Offering Shorts $812k 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 $2.3m judgment
AMF France v. M. A, M. Clément Miserez and M. B (insider trading, 2024) AMF (France) 2024-05-15 Insider Trading — judgment
SEC v. Nutra Pharma Corp. et al (unregistered distributions, 2024) SEC 2024-05-15 Unregistered Distributions $30k judgment
CFTC v. Agridime LLC, Joshua Link and Jed Wood (ponzi schemes, 2024) CFTC 2024-05-14 Ponzi Schemes — judgment
SEC v. Michael M. Beck and Helen Robinson (social media ramps, 2024) SEC 2024-05-13 Social Media Ramps $230k judgment
SEC v. Tyrone Johnny Lacy, Jr. (free riding and parking, 2024) SEC 2024-05-13 Free Riding And Parking $25k judgment
SEC v. Frank T. Poerio, Jr. (insider trading, 2024) SEC 2024-05-10 Insider Trading — settled
SEC v. C-Bond Systems, Inc. and Scott Silverman (2024) SEC 2024-05-09 $225k settled
SEBI v. Arun Panchariya (Winsome Yarns GDR issue, 2024) SEBI (India) 2024-05-07 Misleading Issuer Disclosure — judgment
SEBI v. Prakash Pusaram Laddha and others (Setubandhan Infrastructure Ltd, 2024) SEBI (India) 2024-05-06 Misleading Issuer Disclosure — judgment
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
SEBI v. Arun Verma (SAIL insider trading, 2024) SEBI (India) 2024-04-30 Insider Trading — settled
SEBI v. Chirag Tracom Pvt Ltd and others (Autumn Builders Ltd, 2024) SEBI (India) 2024-04-30 Matched Orders , Price Manipulation — judgment
SEBI v. Hanif Kasambhai Shekh and Robert Resources Ltd (Telegram channel Safebulls, 2024) SEBI (India) 2024-04-30 Social Media Ramps , Pump And Dump — judgment
SEBI v. Manpasand Beverages Ltd and others (financial statement fraud, 2024) SEBI (India) 2024-04-30 Misleading Issuer Disclosure — judgment
SEC v. Sanjay Bhandari, Vinod Singhi, Rakesh Jain (insider trading, 2024) SEC 2024-04-30 Insider Trading $93.6k settled
CFTC v. Darren Robinson (ponzi schemes, 2024) CFTC 2024-04-26 Ponzi Schemes $5.9m judgment
SEBI v. Bhavin Pankaj Doshi and others (Maxgrow Fintrade front running, 2024) SEBI (India) 2024-04-26 Front Running — settled
SEC v. Kevin Crotty (insider trading, 2024) SEC 2024-04-26 Insider Trading $30.7k settled
SEBI v. Invesco Asset Management (India) Private Limited and others (inter-scheme transfers, settlement, 2024) SEBI (India) 2024-04-24 — settled
ASIC v. Henry Eng Chye Heng (price manipulation, 2024) ASIC 2024-04-22 Price Manipulation — judgment
SEBI v. Bharat Raj Punj and others (LEEL Electricals Ltd, 2024) SEBI (India) 2024-04-18 Misleading Issuer Disclosure — judgment
CFTC v. Eshaq M. Nawabi and Hyperion Consulting Inc. (ponzi schemes, 2024) CFTC 2024-04-15 Ponzi Schemes $4.5m judgment
SEC v. George Stubos, et al. (undisclosed control blocks, 2024) SEC 2024-04-15 Undisclosed Control Blocks , Pump And Dump — judgment
SEC v. Gil Friedman (insider trading, 2024) SEC 2024-04-15 Insider Trading $298k judgment
CFTC v. Daniel Shak (spoofing, 2024) CFTC 2024-04-11 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 settled
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 — judgment
SEC v. Eduardo Hernandez, Christopher Flagg, Daquan Lloyd and Corey Ortiz (free riding and parking, 2024) SEC 2024-04-04 Free Riding And Parking , Matched Orders — settled
SEBI v. Bharat Bhushan and others (Best Agrolife Ltd, 2024) SEBI (India) 2024-04-03 Wash Trading , Price Manipulation — judgment
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 $25k judgment
SEC v. Senvest Management, LLC (2024) SEC 2024-04-03 $6.5m settled
CFTC v. Australia and New Zealand Banking Group Ltd. (supervision failures, 2024) CFTC 2024-04-02 $500k judgment
SEC v. Travis Treusch (free riding and parking, 2024) SEC 2024-04-02 Free Riding And Parking — settled
SEBI v. Anirudh Sethi and others (Alexander Stamps and Coin Ltd, 2024) SEBI (India) 2024-03-28 Matched Orders , Price Manipulation — judgment
SEBI adjudication orders on illiquid stock options at BSE (2024 batch) SEBI (India) 2024-03-28 Matched Orders — judgment
SEC v. Matthew Nicosia, William Reininger, Fabrizio Di Carlo, and Ronald Touchard (pump and dump, 2024) SEC 2024-03-28 Pump And Dump $100k judgment
SEBI v. Jils Raichand Madan (Aadhaar Ventures preferential-allotment funding, 2024) SEBI (India) 2024-03-28 — dismissed
SEBI v. Rohit Mankotia and Shila Devi (Sapphire Intrex front running, 2024) SEBI (India) 2024-03-26 Front Running — judgment
SEBI v. Kaushal Chandarana and others (Banhem and Ninja front running of Anvil, 2024) SEBI (India) 2024-03-21 Front Running — judgment
SEBI v. Aashu Garg and others (Vikas Proppant and Granite Ltd, 2024) SEBI (India) 2024-03-20 Undisclosed Control Blocks — judgment
Third person pleads guilty in relation to Courtenay House Ponzi scheme (ASIC, 2024) ASIC 2024-03-19 Ponzi Schemes — judgment
SEC v. Ismael Zarco Sanchez and 16 others (ponzi schemes, 2024) SEC 2024-03-14 Ponzi Schemes — filed
SEC v. Roy M. Cook and others (insider trading, 2024) SEC 2024-03-12 Insider Trading $1.4m settled
SEC v. Ishan Wahi et al. (insider listing trading, 2024) SEC 2024-03-11 Insider Listing Trading , Insider Trading $1.6m judgment
SEC v. Hemant Agrawal (insider trading, 2024) SEC 2024-03-04 Insider Trading $29.8k settled
SEBI v. United Polyfab Gujarat Ltd and others (SME board migration price rigging, 2024) SEBI (India) 2024-02-29 Price Manipulation , Matched Orders — judgment
SEBI v. Parvati Minerals Pvt Ltd (Sun & Shine Worldwide Ltd, 2024) SEBI (India) 2024-02-29 Price Manipulation — judgment
SEBI v. Madhukar Dubey (HPC Biosciences IPO funding scheme, 2024) SEBI (India) 2024-02-29 — judgment
SEBI v. Tushar Gupta (Tata Absolute Return Fund front running, 2024) SEBI (India) 2024-02-27 Front Running — dismissed
SEC v. Harmel S. Rayat, RenovaCare, Inc., Jatinder Bhogal (pump and dump, 2024) SEC 2024-02-27 Pump And Dump $2.4m judgment
SEBI v. Mideast Integrated Steels Ltd and others (financial statement fraud, 2024) SEBI (India) 2024-02-21 Misleading Issuer Disclosure — 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 (2024) SEC 2024-02-15 — settled
SEC v. John Feloni and Stock Squirrel, Inc. (2024) SEC 2024-02-12 $223k judgment
SEC v. TradeStation Crypto, Inc. (unregistered distributions, 2024) SEC 2024-02-07 Unregistered Distributions $1.5m settled
AMF France v. Sergio Val Allue and others (insider trading, 2024) AMF (France) 2024-01-31 Insider Trading — dismissed
Court declares Westpac engaged in unconscionable conduct for interest rate swap, maximum penalty applied (ASIC, 2024) ASIC 2024-01-31 — judgment
SEBI v. Kishan Vishram Nanda and others (Sanctum Wealth front running, 2024) SEBI (India) 2024-01-31 Front Running — judgment
SEBI v. R. Senthil Kumar and others (Trustline front running, 2024) SEBI (India) 2024-01-25 Front Running — judgment
AMF France v. M. Miron Leshem, Grantchester Equity Limited and others (price manipulation, 2024) AMF (France) 2024-01-24 Price Manipulation — judgment
ASIC v. Cameron Waugh (insider trading, 2024) ASIC 2024-01-24 Insider Trading — judgment
SEC v. Tian "Tony" Tian (insider trading, 2024) SEC 2024-01-22 Insider Trading $72.1k settled
SEC v. J. Jeremy Barbera, et. al. (2024) SEC 2024-01-18 $100k judgment
SEC v. Prosper E. Beyond Moore and Prosperity Investments & Solutions, LLC (ponzi schemes, 2024) SEC 2024-01-18 Ponzi Schemes — settled
CFTC v. Yueyu Bao (matched orders, 2024) CFTC 2024-01-16 Matched Orders $260k judgment
SEBI v. Abhijit Pawar (Magma Fincorp insider trading, 2024) SEBI (India) 2024-01-16 Insider Trading — judgment
SEC v. Jonathan Farber, Aarif Jamani, Brian Keasberry (pump and dump, 2024) SEC 2024-01-16 Pump And Dump , Undisclosed Control Blocks — filed
SEBI v. Bimla Devi Jindal and others (Vikas Proppant and Granite Ltd, 2024) SEBI (India) 2024-01-15 Misleading Issuer Disclosure , Price Manipulation — judgment
SEC v. Morgan Stanley & Co. LLC (insider trading, 2024) SEC 2024-01-12 Insider Trading $83m settled
SEC v. Pawan Kumar Passi (insider trading, 2024) SEC 2024-01-12 Insider Trading $250k 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
SEBI v. Indira Mondal and Techno Road-Link Pvt Ltd (BSE illiquid stock options reversal trades, 2024) SEBI (India) 2024-01-03 Matched Orders — settled