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. Sepehr Sarshar (insider trading, 2022) SEC 2022-05-09 Insider Trading — judgment
SEC v. TKO Farms, Inc., et al. (undisclosed control blocks, 2022) SEC 2022-05-09 Undisclosed Control Blocks — filed
SEC v. Perini Capital, LLC and Michael D. Perini (undisclosed control blocks, 2022) SEC 2022-05-06 Undisclosed Control Blocks — settled
SEC v. Derek J. Slattery and TradeSmart Software RIC Corporation (ponzi schemes, 2022) SEC 2022-05-05 Ponzi Schemes — unknown
SEC v. Mark Marchi (ponzi schemes, 2022) SEC 2022-05-05 Ponzi Schemes — settled
SEC v. BTIG, LLC (naked short selling debate, 2022) SEC 2022-05-03 Naked Short Selling Debate — judgment
SEC v. Balasubrahmanya Kuchibhotla (insider trading, 2022) SEC 2022-05-02 Insider Trading — settled
SEC v. Maplelane Capital LLC (naked short selling debate, 2022) SEC 2022-05-02 Naked Short Selling Debate — settled
SEC v. American Equities, Inc., American Eagle Mortgage Management, LLC, Ross C. Miles and Maureen T. Wile (ponzi schemes, 2022) SEC 2022-04-27 Ponzi Schemes — settled
SEC v. Wealth Plus, Inc. (unregistered distributions, 2022) SEC 2022-04-27 Unregistered Distributions — settled
SEC v. Bernard L. Compton (insider trading, 2022) SEC 2022-04-22 Insider Trading — judgment
SEC v. Moshe Strugano and Rinat Gazit (insider trading, 2022) SEC 2022-04-20 Insider Trading — filed
SEC v. Domenic Calabrigo et al. (pump and dump, 2022) SEC 2022-04-19 Pump And Dump , Undisclosed Control Blocks — filed
SEC v. The Legal Funding Group of Georgia, LLC and Benjamin S. Eichholz (unregistered distributions, 2022) SEC 2022-04-19 Unregistered Distributions — settled
SEC v. Carl Iberger and Timothy Iberger (insider trading, 2022) SEC 2022-04-15 Insider Trading $69.2k judgment
SEC v. Damon Elliott, et al. (ponzi schemes, 2022) SEC 2022-04-15 Ponzi Schemes — judgment
SEC v. Dean Shah et al. (paid stock promotion, 2022) SEC 2022-04-15 Paid Stock Promotion , Undisclosed Control Blocks — filed
CFTC v. Tennessee Trader and Two Entities (cash vs derivatives schemes, 2022) CFTC 2022-04-14 Cash Vs Derivatives Schemes , Spoofing — unknown
SEC v. Mark Loman (insider trading, 2022) SEC 2022-04-14 Insider Trading — judgment
SEC v. Ronald Bauer et al. (pump and dump, 2022) SEC 2022-04-14 Pump And Dump — filed
SEC v. Justin Wallace Herman, Anthony Michael Baker, Ian Horn, and Island Capital Inc (boiler rooms, 2022) SEC 2022-04-12 Boiler Rooms $10k judgment
SEC v. Anthony Salandra (false rumors, 2022) SEC 2022-04-11 False Rumors — settled
SEC v. Julie Minuskin, Joshua Stoll, Dennis DiRicco, Tom Casey and Golden Genesis, Inc. (ponzi schemes, 2022) SEC 2022-04-11 Ponzi Schemes — settled
CFTC v. Danish (ponzi schemes, 2022) CFTC 2022-04-08 Ponzi Schemes $4.7m judgment
CFTC v. James Vorley (spoofing, 2022) CFTC 2022-04-07 Spoofing $150k judgment
SEC v. Lloyd D. Reed (insider trading, 2022) SEC 2022-04-04 Insider Trading — settled
CFTC v. unnamed respondents (ponzi schemes, 2022) CFTC 2022-03-29 Ponzi Schemes — settled
SEC v. Hari Prasad Sure, et al., Civ. Act. (insider trading, 2022) SEC 2022-03-29 Insider Trading — unknown
CFTC v. unnamed respondents (ponzi schemes, 2022) CFTC 2022-03-22 Ponzi Schemes $150k judgment
SEC v. Francis Biller, et al. (pump and dump, 2022) SEC 2022-03-17 Pump And Dump , Spoofing — unknown
CFTC v. Four Operators (ponzi schemes, 2022) CFTC 2022-03-08 Ponzi Schemes — filed
SEC v. Joseph Orazio DeGregorio (ponzi schemes, 2022) SEC 2022-03-02 Ponzi Schemes — settled
SEC v. Mark Alan Bourgeois (undisclosed control blocks, 2022) SEC 2022-03-02 Undisclosed Control Blocks — filed
SEC v. Andrew T.E. Coldicutt (pump and dump, 2022) SEC 2022-03-01 Pump And Dump — unknown
SEC v. John-Michael Havrilla (insider trading, 2022) SEC 2022-02-22 Insider Trading $160k judgment
SEC v. Global Wholehealth Partners Corp., Charles Strongo, Brian M. Volmer, Joshua Yafa, Jamie M. Yafa, and Empire Associates, Inc. (paid stock promotion, 2022) SEC 2022-02-17 Paid Stock Promotion , Pump And Dump — filed
SEC v. Nathaniel Brown, Benjamin Wylam, Naveen Sood, Marcus Bannon, Matthew Rauch, And Naresh Ramaiya (insider trading, 2022) SEC 2022-02-11 Insider Trading — judgment
SEC v. Robert Lenard Booth, Michael D'Urso, Daniel T. Wellcome Jr., Alyssa D'Urso, Antonella Chiaramonte, and Jay Garnock) (boiler rooms, 2022) SEC 2022-02-09 Boiler Rooms — unknown
SEC v. Michael M. Beck, a/k/a @BigMoneyMike6, and Relief Defendant Helen P. Robinson (newsletter scalping, 2022) SEC 2022-02-07 Newsletter Scalping — filed
SEC v. SeeThruEquity, LLC, Ajay Tandon, and Amit Tandon (newsletter scalping, 2022) SEC 2022-01-28 Newsletter Scalping $250k judgment
SEC v. Milrud (layering, 2022) SEC 2022-01-26 Layering — judgment
CFTC v. William S. Evans III (ponzi schemes, 2022) CFTC 2022-01-19 Ponzi Schemes $17m judgment
SEC v. David P. Forte, Gregory P. Manning and John D. Younis (insider trading, 2022) SEC 2022-01-19 Insider Trading — unknown
SEC v. Douglas A. Roth (insider trading, 2022) SEC 2022-01-13 Insider Trading — judgment
SEC v. David S. Sargent and Christopher M. Klundt (insider trading, 2022) SEC 2022-01-11 Insider Trading — unknown
SEC v. Tanmaya Kabra et al. (ponzi schemes, 2022) SEC 2022-01-06 Ponzi Schemes — judgment
CFTC v. New Jersey-Based Entities and Individuals (ponzi schemes, 2021) CFTC 2021-12-28 Ponzi Schemes — unknown
CFTC v. Dubai Traders and Their Firms (wash trading, 2021) CFTC 2021-12-27 Wash Trading $100k judgment
SEC v. Marco "Sully" Perez and Permian Basin Proppants, Inc. (ponzi schemes, 2021) SEC 2021-12-22 Ponzi Schemes — filed
SEC v. Daniel V.T. Catenacci (insider trading, 2021) SEC 2021-12-20 Insider Trading — filed
SEC v. J.P. Morgan Securities LLC (chat group pumps, 2021) SEC 2021-12-17 Chat Group Pumps — filed
SEC v. Wedbush Securities Inc. (undisclosed control blocks, 2021) SEC 2021-12-15 Unregistered Distributions $1m settled
CFTC v. Puerto Rico Resident and His Firm (wash trading, 2021) CFTC 2021-12-10 Wash Trading — settled
SEC v. Mohammed Pithapurwala, Ammar Kutiyanawalla, and Alifiya Kutiyanawalla (insider trading, 2021) SEC 2021-12-09 Insider Trading — filed
CFTC v. Banoczay Jr. (spoofing, 2021) CFTC 2021-12-08 Spoofing $750k settled
SEC v. Auzins (unregistered distributions, 2021) SEC 2021-12-03 Unregistered Distributions — filed
SEC v. Michael J. Starkweather and Andiamo Corporation (fake press releases, 2021) SEC 2021-12-03 Fake Press Releases , Paid Stock Promotion — judgment
SEC v. Carnovale, et al. (paid stock promotion, 2021) SEC 2021-12-02 Paid Stock Promotion — filed
SEC v. Robert C. Dobkin, Cynthia Braun, Michael Fiorillo and Jeffrey S. Gregersen (insider trading, 2021) SEC 2021-12-01 Insider Trading — unknown
SEC v. Marc Demane Debih (insider trading, 2021) SEC 2021-11-30 Insider Trading — settled
SEC v. Guy Scott Griffithe and Robert William Russell (ponzi schemes, 2021) SEC 2021-11-24 Ponzi Schemes — dismissed
SEC v. Carol E. Cohen and Austin Rotter (insider trading, 2021) SEC 2021-11-23 Insider Trading $91.3k judgment
SEC v. Tomer Feingold and Dov Malnik (insider trading, 2021) SEC 2021-11-23 Insider Trading — judgment
SEC v. ProPetro Holding Corp. and Dale Redman (insider trading, 2021) SEC 2021-11-22 Insider Trading — settled
SEC v. MIO Partners, Inc. (insider trading, 2021) SEC 2021-11-19 Insider Trading — settled
SEC v. William E. Gericke, Esq. (insider trading, 2021) SEC 2021-11-19 Insider Trading — settled
CFTC v. Daniel Fingerhut (wash trading, 2021) CFTC 2021-11-17 Wash Trading $600k judgment
SEC v. William Wright, CPA (insider trading, 2021) SEC 2021-11-12 Insider Trading — judgment
SEC v. Douglas A. Roth (insider trading, 2021) SEC 2021-11-10 Insider Trading — unknown
SEC v. Gerald Fauth (insider trading, 2021) SEC 2021-11-10 Insider Trading — unknown
SEC v. David P. Godwin, et al. (wash trading, 2021) SEC 2021-11-04 Wash Trading — judgment
SEC v. Mark A. Miller, Saeid Jaberian and Christopher J. Rajkaran (pump and dump, 2021) SEC 2021-11-01 Pump And Dump — filed
SEC v. BNZ One Capital, LLC, et al. (paid stock promotion, 2021) SEC 2021-10-29 Paid Stock Promotion , Ponzi Schemes — filed
CFTC v. New Jersey Resident and His Company (ponzi schemes, 2021) CFTC 2021-10-27 Ponzi Schemes — settled
SEC v. Ann M. Vick (ponzi schemes, 2021) SEC 2021-10-26 Ponzi Schemes — settled
SEC v. Denis Georgiyevich Sotnikov, et al. (spoofing, 2021) SEC 2021-10-26 Spoofing $2.5m judgment
CFTC v. El Paso Resident and His Firm (ponzi schemes, 2021) CFTC 2021-10-20 Ponzi Schemes — filed
CFTC v. Craig L. Clavin (ponzi schemes, 2021) CFTC 2021-10-12 Ponzi Schemes $370k judgment
CFTC v. North Carolina Companies and Their Owners (ponzi schemes, 2021) CFTC 2021-10-08 Ponzi Schemes — unknown
SEC v. Steven Pagartanis (ponzi schemes, 2021) SEC 2021-10-07 Ponzi Schemes — judgment
SEC v. Keith A. Wakefield (wash trading, 2021) SEC 2021-10-01 Wash Trading — settled
SEC v. Adam Heimann (paid stock promotion, 2021) SEC 2021-09-30 Paid Stock Promotion — settled
SEC v. Gregory L. Ciccone, et al. (ponzi schemes, 2021) SEC 2021-09-29 Ponzi Schemes — unknown
SEC v. Sky Group, et al. (ponzi schemes, 2021) SEC 2021-09-29 Ponzi Schemes — filed
SEC v. Jaeson Birnbaum (ponzi schemes, 2021) SEC 2021-09-28 Ponzi Schemes — filed
SEC v. Tradition Securities and Derivatives, LLC (naked short selling debate, 2021) SEC 2021-09-28 Naked Short Selling Debate — settled
SEC v. Suyun Gu, et al. (wash trading, 2021) SEC 2021-09-27 Wash Trading — judgment
SEC v. Timothy Page et al., Daniel Cattlin and William R. Shupe (boiler rooms, 2021) SEC 2021-09-27 Boiler Rooms — filed
SEC v. Xuepeng Xie (layering, 2021) SEC 2021-09-27 Layering , Spoofing $600k settled
SEC v. Frantz Simeon and First Black Enterprises, Inc. (paid stock promotion, 2021) SEC 2021-09-23 Paid Stock Promotion , Ponzi Schemes — unknown
SEC v. James Wallace Nall, III, Michael Hale Smith, Michael Dwaine Smith, Robert Walter Smith and Walter Vice Tutt (insider trading, 2021) SEC 2021-09-21 Insider Trading $221k judgment
CFTC v. Former Hawaii Resident (benchmark submission rigging, 2021) CFTC 2021-09-16 Benchmark Submission Rigging , Ponzi Schemes — filed
SEC v. Jason Dodd Bullard, Angela Romero-Bullard, and Bullard Enterprises LLC (ponzi schemes, 2021) SEC 2021-09-16 Ponzi Schemes — unknown
CFTC v. Ronald Montano (wash trading, 2021) CFTC 2021-09-15 Wash Trading $1.7m judgment
SEC v. Charles Parkinson Lloyd (reverse merger schemes, 2021) SEC 2021-09-15 Reverse Merger Schemes , Unregistered Distributions — settled
SEC v. Simon Piers Thurlow, et al. (reverse merger schemes, 2021) SEC 2021-09-15 Reverse Merger Schemes — settled
CFTC v. Texas Resident and others (ponzi schemes, 2021) CFTC 2021-09-14 Ponzi Schemes , Wash Trading — filed
SEC v. App Annie Inc. and Bertrand Schmitt (insider trading, 2021) SEC 2021-09-14 Insider Trading — settled
SEC v. Mark Ahn (insider trading, 2021) SEC 2021-09-10 Insider Trading — judgment
SEC v. Todd Elliott Hitt et al. (ponzi schemes, 2021) SEC 2021-09-10 Ponzi Schemes — dismissed