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. Carnovale, et al. (undisclosed control blocks, 2024) SEC 2024-01-03 Undisclosed Control Blocks , Unregistered Distributions — judgment
SEC v. Gannon Giguiere (insider trading, 2024) SEC 2024-01-03 Insider Trading $325k judgment
SEBI v. Arvind Kumar Saraf and others (Arcotech insider trading, 2023) SEBI (India) 2023-12-29 Insider Trading — dismissed
SEBI v. Ambalal Jhaverbhai Patel and others (Econo Trade (India) Ltd, 2023) SEBI (India) 2023-12-29 Matched Orders , Price Manipulation — judgment
SEC v. Diana Mae Fernandez (2023) SEC 2023-12-28 — settled
SEBI v. Akhter Aziz Siddiqi and others (Fedders Electric and Engineering, 2023) SEBI (India) 2023-12-22 Misleading Issuer Disclosure — judgment
SEC v. BarnBridge DAO (unregistered distributions, 2023) SEC 2023-12-22 Unregistered Distributions — settled
SEC v. Tyler Ward and Troy Murray (unregistered distributions, 2023) SEC 2023-12-22 Unregistered Distributions $250k settled
SEC v. Agridime LLC, Joshua Link, and Jed Wood (ponzi schemes, 2023) SEC 2023-12-18 Ponzi Schemes — judgment
SEC v. Dozy Mmobuosi, et al. (financial-statement fraud, 2023) SEC 2023-12-18 $35.4m judgment
SEC v. Titanium Capital LLC and others (ponzi schemes, 2023) SEC 2023-12-18 Ponzi Schemes — judgment
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 — settled
SEC v. Raymond J. Pirrello, Jr., et al. (2023) SEC 2023-12-07 — filed
SEC v. Marc E. Wexler (price manipulation, 2023) SEC 2023-12-05 Price Manipulation , Pump And Dump — judgment
ASIC v. Henry Eng Chye Heng (price manipulation, 2023) ASIC 2023-12-04 Price Manipulation — judgment
SEBI v. Maheshwari Financial Services Ltd (Aplaya Creations, 2023) SEBI (India) 2023-11-30 Price Manipulation — judgment
SEBI v. Gulabchand Agrawal and others (Sanwaria Consumer, 2023) SEBI (India) 2023-11-30 Misleading Issuer Disclosure — judgment
SEBI v. B. Ramalinga Raju and others (Satyam Computer Services, remand order, 2023) SEBI (India) 2023-11-30 Misleading Issuer Disclosure , Insider Trading — judgment
SEBI v. Pranav Dipak Desai and others (Ambit Capital dealers, Aequitas complaint, 2023) SEBI (India) 2023-11-29 Front Running — judgment
SEC v. Andrew DeFrancesco, Marlio Mauricio Diaz Cardona, Carlos Felipe Rezk, Nicola Faukovic, and Catherine DeFrancesco (pump and dump, 2023) SEC 2023-11-29 Pump And Dump $446k judgment
SEC v. Joseph M. Dupont et al. (insider trading, 2023) SEC 2023-11-28 Insider Trading — judgment
AMF France v. Visiomed Group and others (false or misleading information, 2023) AMF (France) 2023-11-27 Misleading Issuer Disclosure — judgment
SEC v. Nadim Ahmed et al. (unregistered distributions, 2023) SEC 2023-11-21 Unregistered Distributions — filed
SEC v. Laidlaw and Company (UK) Ltd. (churning, 2023) SEC 2023-11-20 Churning $223k settled
AMF France v. Jordi Eeman (layering, 2023) AMF (France) 2023-11-16 Layering , Spoofing — settled
CFTC v. Chicago-based Phillip Galles (ponzi schemes, 2023) CFTC 2023-11-15 Ponzi Schemes $16m judgment
SEC v. Matthew Melton (ponzi schemes, 2023) SEC 2023-11-15 Ponzi Schemes — filed
SEC v. Charter Communications, Inc. (2023) SEC 2023-11-14 $25m settled
AMF France v. M. Rémi Guillet and M. Yohann Catherine (insider trading, 2023) AMF (France) 2023-11-10 Insider Trading — judgment
SEC v. John A. Masanotti, Jr. and Middlesex Mortgage Group, LLC (ponzi schemes, 2023) SEC 2023-11-09 Ponzi Schemes — filed
SEBI v. Ankit Laxmipatraj Singhvi (Abans Enterprises, 2023) SEBI (India) 2023-11-08 Price Manipulation — judgment
SEC v. SafeMoon LLC, SafeMoon US LLC, Kyle Nagy, Braden John Karony, Thomas Glenn Smith (wash trading, 2023) SEC 2023-11-01 Wash Trading — filed
SEBI v. Nirmal Kumar Mangalchand Mittal and others (United Polyfab Gujarat, 2023) SEBI (India) 2023-10-31 Price Manipulation — dismissed
SEBI v. Ushik Gala and others (Suumaya Industries, 2023) SEBI (India) 2023-10-31 Insider Trading — dismissed
SEBI v. Jatin Rasiklal Mansata and others (Shri Krishna Prasadam, 2023) SEBI (India) 2023-10-30 Spoofing — judgment
SEC v. Joseph Conlan (insider trading, 2023) SEC 2023-10-30 Insider Trading $73.6k settled
SEC v. Bruce Schoengood, Medifirst Solutions, Inc., and Joshua Tyrell (unregistered distributions, 2023) SEC 2023-10-27 Unregistered Distributions — judgment
SEBI v. Govind Raj Rao and others (Sharepro Services share-transfer and dividend fraud, 2023) SEBI (India) 2023-10-27 — judgment
OSC v. Thomas John Finch (insider trading, 2023) OSC 2023-10-25 Insider Trading — settled
SEC v. BlackRock Advisors, LLC (2023) SEC 2023-10-24 $2.5m settled
CFTC v. Ceres Global Ag Corp. (price manipulation, 2023) CFTC 2023-10-23 Price Manipulation $3m settled
OSC v. Charles DeBono (ponzi schemes, 2023) OSC 2023-10-23 Ponzi Schemes — judgment
SEC v. Anson Advisors Inc. (rule 105 offering shorts, 2023) SEC 2023-10-19 Rule 105 Offering Shorts $600k settled
SEC v. Brian Marc Rubin (insider trading, 2023) SEC 2023-10-17 Insider Trading — settled
SEBI v. Venkatraman Ranganathan and others (Cerebra Integrated Technologies, 2023) SEBI (India) 2023-10-12 Insider Trading — judgment
SEC v. Matthew M. Motil (ponzi schemes, 2023) SEC 2023-10-04 Ponzi Schemes — settled
SEC v. Zera Financial LLC and Luis A. Romero (ponzi schemes, 2023) SEC 2023-10-03 Ponzi Schemes — judgment
SEC v. Bin Hao and Qidian LLC (ponzi schemes, 2023) SEC 2023-09-29 Ponzi Schemes $236k judgment
SEC v. John Feloni and Stock Squirrel, Inc. (2023) SEC 2023-09-29 $223k settled
SEC v. Maxim Group, LLC (naked short selling debate, 2023) SEC 2023-09-29 Naked Short Selling Debate $800k settled
CFTC v. Regal Assets LLC, Tyler G. Gallagher and Leah Donoso (2023) CFTC 2023-09-28 $27.3m judgment
CFTC v. Darren Robinson and The QYU Holdings Inc. (ponzi schemes, 2023) CFTC 2023-09-28 Ponzi Schemes $5.9m judgment
SEC v. Anthony Viggiano, Stephen A. Forlano, Christopher Salamone, and Nathan Bleckley (insider trading, 2023) SEC 2023-09-28 Insider Trading — settled
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 — filed
CFTC v. Dichao Xie (insider trading, 2023) CFTC 2023-09-27 Insider Trading $350k judgment
SEC v. Robert Del Prete (insider trading, 2023) SEC 2023-09-27 Insider Trading — judgment
CFTC v. Patrick Wonsey (ponzi schemes, 2023) CFTC 2023-09-26 Ponzi Schemes — filed
SEC v. Philip Verges, James D. Tilton, Jr., Robert F. Malin, Linda Malin and Blue Citi, LLC (pump and dump, 2023) SEC 2023-09-26 Pump And Dump — filed
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. Stephen L. Bailey, Sapphire Exploration LLC, and Harris Exploration Inc. (ponzi schemes, 2023) SEC 2023-09-25 Ponzi Schemes — filed
CFTC v. Jie "Elaine" Yu (matched orders, 2023) CFTC 2023-09-22 Matched Orders $300k judgment
SEC v. Citadel Securities, LLC (2023) SEC 2023-09-22 $7m settled
SEC v. Empirex Capital LLC and Rafael Alberto Vargas Gonzalez (ponzi schemes, 2023) SEC 2023-09-22 Ponzi Schemes — settled
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 $1m settled
SEC v. Jonathan Becker (insider trading, 2023) SEC 2023-09-21 Insider Trading — settled
SEC v. Aras Investment Business Group S.A.P.I. de C.V., Armando Gutierrez Rosas and others (ponzi schemes, 2023) SEC 2023-09-21 Ponzi Schemes $449k judgment
ASIC v. Interactive Brokers (marking the close, 2023) ASIC 2023-09-20 Marking The Close — settled
SEBI v. C H P Finance Pvt Ltd and others (Safal Herbs, 2023) SEBI (India) 2023-09-20 Price Manipulation — judgment
SEBI v. Roshanlal Daulatram Aggarwal and others (Mega Nirman and Industries, 2023) SEBI (India) 2023-09-20 Matched Orders , Price Manipulation — judgment
SEBI v. Rajat Jain and Ritesh Jain (Principal Mutual Fund, DHFL downgrade switches, 2023) SEBI (India) 2023-09-20 Front Running — dismissed
SEBI v. N. R. Panicker and others (Accel Frontline / Inspirisys Solutions, 2023) SEBI (India) 2023-09-20 Misleading Issuer Disclosure — judgment
SEC v. MFB 111 Investment, LLC and Monise François Bien Aimé (ponzi schemes, 2023) SEC 2023-09-19 Ponzi Schemes — settled
SEC v. Tilila Walker Sumchai (ponzi schemes, 2023) SEC 2023-09-19 Ponzi Schemes — filed
SEBI v. Rajiv Amarish Agarwal and others (ABC Bearings insider trading, 2023) SEBI (India) 2023-09-18 Insider Trading — judgment
SEBI v. Sahir Patel (ABC Bearings insider trading settlement, 2023) SEBI (India) 2023-09-18 Insider Trading — settled
SEBI v. Anand H Soni and others (Capri Global Capital, 2023) SEBI (India) 2023-09-18 Matched Orders , Price Manipulation — judgment
SEC v. GGToor, Inc. (unregistered distributions, 2023) SEC 2023-09-18 Unregistered Distributions $40k settled
SEC v. Jonathan J. Ferrie (insider trading, 2023) SEC 2023-09-18 Insider Trading $16k settled
SEC v. Lyft, Inc. (2023) SEC 2023-09-18 $10m settled
SEBI v. Talwalkars Healthclubs Ltd and others (inflated bank balances, 2023) SEBI (India) 2023-09-15 Misleading Issuer Disclosure — judgment
SEBI v. Talwalkars Better Value Fitness Ltd and others (misstated financials, 2023) SEBI (India) 2023-09-15 Misleading Issuer Disclosure — judgment
SEBI v. Chiranjilal Jayaram Vyas and others (Sunteck Realty, remand penalty, 2023) SEBI (India) 2023-09-14 Wash Trading , Price Manipulation — judgment
SEC v. Xia Hong (insider trading, 2023) SEC 2023-09-14 Insider Trading $75k settled
SEC v. Rand Heckler (2023) SEC 2023-09-13 — settled
SEC v. Stoner Cats 2, LLC (unregistered distributions, 2023) SEC 2023-09-13 Unregistered Distributions $1m settled
SEC v. Esos Rings, Inc. and Michelle Silverstein aka Michelle Silverstein Bisnoff (ponzi schemes, 2023) SEC 2023-09-12 Ponzi Schemes $233k settled
SEC v. George Stubos (undisclosed control blocks, 2023) SEC 2023-09-12 Undisclosed Control Blocks , Pump And Dump — judgment
SEC v. Virtu Financial Inc. and Virtu Americas LLC (2023) SEC 2023-09-12 $2.5m settled
SEC v. Mortgage Industry Advisory Corporation (2023) SEC 2023-09-11 $100k settled
SEC v. Simplex Trading, LLC (naked short selling debate, 2023) SEC 2023-09-11 Naked Short Selling Debate $200k settled
SEBI v. Gokul Solutions Ltd and others (matched trades, 2023) SEBI (India) 2023-09-08 Matched Orders , Price Manipulation — judgment
SEC v. Mina Tadrus, et al. (ponzi schemes, 2023) SEC 2023-09-08 Ponzi Schemes — settled
AMF France v. Rallye and M. Franck Hattab (false or misleading information, 2023) AMF (France) 2023-09-07 Misleading Issuer Disclosure — judgment
CFTC v. Logista Advisors LLC and Andrew Serotta (spoofing, 2023) CFTC 2023-09-07 Spoofing — filed
SEC v. Linus Financial, Inc. (unregistered distributions, 2023) SEC 2023-09-07 Unregistered Distributions — settled
SEBI v. Guiness Securities Limited (stock broker registration cancelled, 2023) SEBI (India) 2023-09-07 — judgment
OSC v. Derek Scheinman (ponzi schemes, 2023) OSC 2023-09-06 Ponzi Schemes — judgment