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
SEBI v. Maheshwari Financial Services Pvt Ltd and others (Yamini Investment Company, 2023) SEBI (India) 2023-09-04 Matched Orders , Price Manipulation — judgment
SEC v. Jeremy Koski (fake press releases, 2023) SEC 2023-09-01 Fake Press Releases $100k settled
SEC v. Brady Jack Speers, Chatree Thiranon and GHAP, LLC d/b/a Blue Star Texas (2023) SEC 2023-08-31 — settled
SEC v. William V. Conn, Jr. (ponzi schemes, 2023) SEC 2023-08-31 Ponzi Schemes $100k settled
FCA v. NMC Health Plc (in Administration) (2023) FCA 2023-08-30 — judgment
SEC v. Archipelago Trading Services, Inc. (suspicious activity reporting, 2023) SEC 2023-08-29 $1.5m 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
OSC v. Nova Tech Ltd. and Cynthia Petion (2023) OSC 2023-08-25 — judgment
SEBI v. Nagreeka Capital and Infrastructure Ltd and Sushil Patwari (Rupa and Company, 2023) SEBI (India) 2023-08-25 Insider Trading — judgment
SEBI v. Suraj Nangia (Cosmo Films insider trading settlement, 2023) SEBI (India) 2023-08-25 Insider Trading — settled
SEBI v. Rakesh Nangia (Cosmo Films insider trading settlement, 2023) SEBI (India) 2023-08-25 Insider Trading — settled
SEBI v. Ashok Jaipuria (Cosmo Films insider trading settlement, 2023) SEBI (India) 2023-08-25 Insider Trading — settled
SEBI v. Haresh Jashnani and others (United Spirits options, adjudication remand, 2023) SEBI (India) 2023-08-25 Insider Trading — dismissed
SEBI v. Poonam Jashnani and others (United Spirits options, final order, 2023) SEBI (India) 2023-08-25 Insider Trading — dismissed
Melbourne man charged over alleged insider trading in Kidman Resources shares (ASIC, 2023) ASIC 2023-08-24 Insider Trading — judgment
SEC v. Romero Cabral da Costa Neto (insider trading, 2023) SEC 2023-08-24 Insider Trading — unknown
CFTC v. Walter Dunning Larrick, III and Cambridge Financial Advisors, LLC (2023) CFTC 2023-08-23 — filed
SEBI v. Bharat Gupta (Edynamics Solutions independent director, 2023) SEBI (India) 2023-08-23 — dismissed
SEC v. Daniel V.T. Catenacci (insider trading, 2023) SEC 2023-08-21 Insider Trading $50k judgment
SEBI v. Balasore Alloys Ltd and others (bogus purchases, 2023) SEBI (India) 2023-08-18 Misleading Issuer Disclosure — judgment
SEC v. Carla Lea Chastain (2023) SEC 2023-08-18 — settled
SEBI v. Satsai Finlease Pvt Ltd and others (AKG Exim, 2023) SEBI (India) 2023-08-11 Price Manipulation , Matched Orders — judgment
SEBI v. Concord Drugs Ltd and others (misstated financials, 2023) SEBI (India) 2023-08-11 Misleading Issuer Disclosure — judgment
SEBI v. Tanla Platforms Ltd and others (depreciation accounting, 2023) SEBI (India) 2023-08-10 Misleading Issuer Disclosure — dismissed
SEBI v. Jayesh Rawal and others (Generic Engineering Construction and Projects, 2023) SEBI (India) 2023-08-10 Price Manipulation , Matched Orders +1 — judgment
SEC v. Chad Stickforth (2023) SEC 2023-08-08 $223k settled
SEC v. Charles Rustin Holzer, Maglione International Ltd., Frontenac Investments Ltd. (insider trading, 2023) SEC 2023-08-07 Insider Trading $1.2m 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 $37.5k judgment
SEBI v. Bhargav Panchal and Hina Panchal (IPO share cornering, 2023) SEBI (India) 2023-08-04 — 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 — settled
CFTC v. Adam Cobb-Webb (spoofing, 2023) CFTC 2023-08-01 Spoofing $150k judgment
SEBI v. Dinesh Jajodia and others (Geodesic Limited, 2023) SEBI (India) 2023-07-31 Misleading Issuer Disclosure — judgment
SEBI v. Crosseas Capital Services Ltd (Wockhardt self-trades, 2023) SEBI (India) 2023-07-31 Wash Trading — dismissed
SEBI v. Yatendra Kumar and others (Wockhardt insider trading, 2023) SEBI (India) 2023-07-31 Insider Trading — judgment
SEBI v. Arun Panchariya (Texmo Pipes & Products GDR issue, 2023) SEBI (India) 2023-07-31 Misleading Issuer Disclosure — judgment
SEBI v. Arun Panchariya (Nakoda Ltd GDR issue, 2023) SEBI (India) 2023-07-31 Misleading Issuer Disclosure — judgment
SEBI v. Arun Panchariya (Teledata Technology Solutions GDR issue, 2023) SEBI (India) 2023-07-31 Misleading Issuer Disclosure — judgment
SEBI v. Excel Realty N Infra Limited and others (misstated accounts, 2023) SEBI (India) 2023-07-28 Misleading Issuer Disclosure — judgment
SEC v. Brent Seaman, Accanito Holdings, LLC, and others (ponzi schemes, 2023) SEC 2023-07-28 Ponzi Schemes — judgment
SEBI v. Sushil Agarwal and others (Steel City Securities Ltd, synchronised trades, 2023) SEBI (India) 2023-07-27 Matched Orders — dismissed
SEBI v. Tilak Ventures Limited and others (preferential-issue proceeds, 2023) SEBI (India) 2023-07-27 Misleading Issuer Disclosure — judgment
SEC v. Joseph C. Lewis, et al. (insider trading, 2023) SEC 2023-07-26 Insider Trading $1.9m settled
SEBI v. Arun Panchariya (Edserv Softsystems GDR issue, 2023) SEBI (India) 2023-07-26 Misleading Issuer Disclosure — judgment
SEBI v. Arun Panchariya (Zenith Steel Pipes GDR issue, 2023) SEBI (India) 2023-07-26 Misleading Issuer Disclosure — judgment
SEBI v. Arun Panchariya (Southern Ispat and Energy GDR issues, 2023) SEBI (India) 2023-07-26 Misleading Issuer Disclosure — judgment
SEBI v. Arun Panchariya (Rainbow Papers GDR issue, 2023) SEBI (India) 2023-07-26 Misleading Issuer Disclosure — judgment
SEBI v. Fairwealth Securities Limited (unauthorised trading and misuse of client assets, 2023) SEBI (India) 2023-07-26 — judgment
CFTC v. Michael Griffis and Amanda Griffis (2023) CFTC 2023-07-25 $1.4m settled
SEC v. Amit Dagar and Atul Bhiwapurkar (insider trading, 2023) SEC 2023-07-24 Insider Trading $60.3k settled
SEBI v. Roongta Rising Stock Pvt. Ltd. (Mishka Finance and Trading Ltd, 2023) SEBI (India) 2023-07-21 Price Manipulation — judgment
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. Robert D. Christensen, Anthony M. Matic and four entities (ponzi schemes, 2023) SEC 2023-07-20 Ponzi Schemes $400k judgment
SEC v. Chadd L. Evans (free riding and parking, 2023) SEC 2023-07-19 Free Riding And Parking $10k settled
SEBI v. Fairwealth Commodity Broking Pvt. Limited (client funds misuse, 2023) SEBI (India) 2023-07-19 — judgment
SEC v. James P. Anglim (price manipulation, 2023) SEC 2023-07-17 Price Manipulation — judgment
SEC v. Nirdosh Jagota, Ph.D. (insider trading, 2023) SEC 2023-07-17 Insider Trading $39.7k settled
SEC v. Celsius Network Limited and Alexander "Alex" Mashinsky (price manipulation, 2023) SEC 2023-07-13 Price Manipulation — filed
SEC v. Joseph Michael Todd, Todd Financial Services, LLC and TFS Insurance Services LLC (2023) SEC 2023-07-13 — settled
CFTC v. Adam Todd and Digitex entities (price manipulation, 2023) CFTC 2023-07-12 Price Manipulation $11.7m judgment
SEBI v. Mukesh Kumar Gupta and others (Shilpi Cable Technologies, tipping and misleading bonus notice, 2023) SEBI (India) 2023-07-12 Insider Trading , Misleading Issuer Disclosure — judgment
SEBI v. Anjali Krishnadev Bahuguna and others (communicating UPSI, Sharon Bio-Medicine, 2023) SEBI (India) 2023-07-12 Insider Trading — judgment
SEC v. Nayeem Choudhury and Dream Venture Capital Group, LLC (ponzi schemes, 2023) SEC 2023-07-12 Ponzi Schemes — filed
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
SEBI v. Arun Panchariya and Mukesh Chauradiya (Hiran Orgochem GDR issue, 2023) SEBI (India) 2023-07-11 Misleading Issuer Disclosure — judgment
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 $2m judgment
CFTC v. Dwight A. Foster and K.E.L. Enterprises, Inc. (ponzi schemes, 2023) CFTC 2023-07-06 Ponzi Schemes $1.6m settled
ASIC v. Openmarkets Australia Limited (market integrity rules, 2023) ASIC 2023-07-05 — settled
SEBI v. Pawan N Agarwal (front running of Aequitas client trades, settlement, 2023) SEBI (India) 2023-07-04 Front Running — settled
SEBI v. Reliance Strategic Investments Ltd. (long-dated NIFTY put options, 2023) SEBI (India) 2023-06-30 Price Manipulation — judgment
SEC v. Bruce Garelick, Michael Shvartsman, Rocket One Capital LLC, and Gerald Shvartsman (insider trading, 2023) SEC 2023-06-30 Insider Trading — settled
SEC v. Damon R. Durante (2023) SEC 2023-06-30 — settled
SEC v. Jordan Meadow and Steven Teixeira (insider trading, 2023) SEC 2023-06-30 Insider Trading — filed
SEC v. Juan Roman (insider trading, 2023) SEC 2023-06-30 Insider Trading $97.8k settled
SEC v. Ashutosh Bhardwaj (insider trading, 2023) SEC 2023-06-29 Insider Trading $9k settled
SEBI v. Surjit Kumar Gupta and others (insider trading allegation, Havells India Ltd, 2023) SEBI (India) 2023-06-28 Insider Trading — dismissed
SEC v. Wilson Baston (ponzi schemes, 2023) SEC 2023-06-28 Ponzi Schemes — settled
SEBI v. Gold Line International Finvest Ltd and others (preferential-issue proceeds, 2023) SEBI (India) 2023-06-28 Misleading Issuer Disclosure — judgment
SEBI v. Anil Kumar Dhawan (Kassa Finvest client securities, 2023) SEBI (India) 2023-06-28 — judgment
SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023) SEC 2023-06-27 Boiler Rooms $25.8m judgment
SEBI v. Sasidhar V (Taurus Mutual Fund redemption time-stamp tampering, 2023) SEBI (India) 2023-06-27 — judgment
SEC v. Royal Bengal Logistics, Inc. and Sanjay Singh (ponzi schemes, 2023) SEC 2023-06-26 Ponzi Schemes — judgment
SEBI v. Bharat Mohanlal Mehta and others (insider trading, Sharon Bio-Medicine, 2023) SEBI (India) 2023-06-22 Insider Trading — judgment
SEBI v. F6 Finserve Private Limited (stockbroker misuse of client funds, 2023) SEBI (India) 2023-06-21 — judgment
OSC v. April Vuong and Hao Quach (ponzi schemes, 2023) OSC 2023-06-19 Ponzi Schemes — judgment
SEBI v. Doshi Chatterjee Bagri & Co. LLP and R K Bagri (Arvind Remedies auditors, 2023) SEBI (India) 2023-06-19 Misleading Issuer Disclosure — dismissed
SEBI v. Dinesh Gupta and others (insider trading, Shilpi Cable Technologies, 2023) SEBI (India) 2023-06-19 Insider Trading — judgment
SEBI v. Minal Bharat Patel and others (Asian Granito India Ltd, synchronised trades, remand, 2023) SEBI (India) 2023-06-19 Matched Orders — dismissed
SEBI v. Yatendra Kumar and others (insider trading, Wockhardt Ltd, 2023) SEBI (India) 2023-06-19 Insider Trading — judgment
SEBI v. Crosseas Capital Services Pvt. Ltd. (self-trades in Wockhardt Ltd, 2023) SEBI (India) 2023-06-19 Wash Trading — dismissed
SEBI v. Global Infratech & Finance Ltd. and others (alleged funding of preferential allottees, 2023) SEBI (India) 2023-06-19 — dismissed
SEBI v. Divyaben Hiteshbhai Gangani and others (Kapil Raj Finance Ltd, circular trades, 2023) SEBI (India) 2023-06-16 Wash Trading , Matched Orders — judgment
SEC v. Infinity Q Capital Management, LLC (mismarking, 2023) SEC 2023-06-16 Mismarking — settled
SEBI v. Bharat Babubhai Trivedi (Midvalley Entertainment IPO, 2023) SEBI (India) 2023-06-14 Price Manipulation — judgment
SEBI v. Burnpur Cement Limited (unrecorded tax demands in 2018-19 accounts, 2023) SEBI (India) 2023-06-14 Misleading Issuer Disclosure — judgment
SEC v. Hal D. Mintz and Sabby Management LLC (naked short selling debate, 2023) SEC 2023-06-14 Naked Short Selling Debate — filed