Market Manipulation. Search

Market manipulation case library

This library records 2,428 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
2,428
Total penalties
$14.3bn
Median penalty
$200k
Agencies
5
Techniques
47

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 725 Ponzi schemes 602 Unregistered distributions 158 Paid stock promotion 129 Price manipulation 125 Pump and dump 125 Spoofing 118 Wash trading 107 Rule 105 offering shorts 84 Boiler rooms 78 Undisclosed control blocks 59 Reverse merger schemes 59 The naked short selling debate 55 Benchmark submission rigging 49 Matched orders 36 Churning 25 Layering 21 Free riding and parking 18 Marking the close 15 Fake press releases 15 Mismarking 15 Front running 14 Newsletter scalping 14 Cash versus derivatives schemes 13 Hack to trade 13 Sham tender offers 13 Chat group pumps 11 FX fixing 11 Social media ramps 10 EDGAR filing fraud 10 Paid crypto market making 8 Custodianship shell hijacking 6 False rumours 5 Shell factories 5 Hijacked-account ramping 4 Settlement price manipulation 4 Banging the close 3 Short and distort 3 Marking the open 2 Engineered short squeeze 2 Rug pulls 1 Insider listing trading 1 Oracle manipulation 1 Exchange wash trading 1 Float locking 1 Dilution death spirals 1 Options expiry pinning 1

By agency

ASIC 112 CFTC 344 FCA 47 OSC 69 SEC 1856

By year filed

2026 89 2025 114 2024 189 2023 208 2022 176 2021 154 2020 186 2019 192 2018 239 2017 218 2016 198 2015 217 2014 136 2013 102 2012 1 2011 4 2009 1 2007 1 2005 1 2004 2

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. Daniel J. Moscatiello (insider trading, 2022) SEC 2022-06-29 Insider Trading — judgment
Former Sigma Healthcare general manager sentenced for insider trading (ASIC, 2022) ASIC 2022-06-27 Insider Trading $70.2k unknown
SEC v. Moynes, et al. (paid stock promotion, 2022) SEC 2022-06-27 Paid Stock Promotion — filed
SEC v. Eric D. Lachow (ponzi schemes, 2022) SEC 2022-06-24 Ponzi Schemes — filed
SEC v. Steven J. Sheinfeld (insider trading, 2022) SEC 2022-06-21 Insider Trading — judgment
Caloundra man sentenced for insider trading (ASIC, 2022) ASIC 2022-06-20 Insider Trading — unknown
SEC v. Lek Securities Corporation, et. al. (layering, 2022) SEC 2022-06-17 Layering , Spoofing — appealed
OSC v. Mughal Asset Management Corporation and others (ponzi schemes, 2022) OSC 2022-06-16 Ponzi Schemes — judgment
SEC v. David Roda and Andrew Larkin (insider trading, 2022) SEC 2022-06-15 Insider Trading — judgment
SEC v. Michael Mooney, Britt Wright, and Penny Flippen (ponzi schemes, 2022) SEC 2022-06-14 Ponzi Schemes — filed
SEC v. Weiss Asset Management LP (rule 105 offering shorts, 2022) SEC 2022-06-14 Rule 105 Offering Shorts $200k settled
ASIC v. Benjamin Heath Cooper (price manipulation, 2022) ASIC 2022-06-10 Price Manipulation — unknown
SEC v. Lijuan "Sandra" Hao, CPA (insider trading, 2022) SEC 2022-06-09 Insider Trading $47.9k settled
SEC v. Patrick Churchville, et al. (ponzi schemes, 2022) SEC 2022-06-09 Ponzi Schemes $225k judgment
SEC v. Puneet Dikshit (insider trading, 2022) SEC 2022-06-09 Insider Trading — judgment
SEC v. Jae Cheol Oh (reverse merger schemes, 2022) SEC 2022-06-08 Reverse Merger Schemes $150k settled
SEC v. Stubos, et al. (paid stock promotion, 2022) SEC 2022-06-08 Paid Stock Promotion — filed
ASIC v. Gabriel Govinda (price manipulation, 2022) ASIC 2022-06-07 Price Manipulation , Pump And Dump +1 — unknown
SEC v. Mohammed Pithapurwala, Ammar Kutiyanawalla, and Alifiya Kutiyanawalla (insider trading, 2022) SEC 2022-06-01 Insider Trading $523k judgment
SEC v. Hugues Pierre Joublin (insider trading, 2022) SEC 2022-05-27 Insider Trading — judgment
SEC v. Andrew M, Middlebrooks, et al (ponzi schemes, 2022) SEC 2022-05-25 Ponzi Schemes — filed
CFTC v. Glencore (price manipulation, 2022) CFTC 2022-05-24 Price Manipulation $1.2bn judgment
SEC v. Frank B. Glassner (insider trading, 2022) SEC 2022-05-24 Insider Trading — filed
CFTC v. Oregon and others (ponzi schemes, 2022) CFTC 2022-05-19 Ponzi Schemes — unknown
SEC v. Wynn Charlebois et al. (ponzi schemes, 2022) SEC 2022-05-19 Ponzi Schemes — unknown
SEC v. Jillian Sidoti (undisclosed control blocks, 2022) SEC 2022-05-17 Undisclosed Control Blocks $22k judgment
CFTC v. Long Island Resident and His Firm (ponzi schemes, 2022) CFTC 2022-05-13 Ponzi Schemes — unknown
CFTC v. California Man and His Companies (ponzi schemes, 2022) CFTC 2022-05-10 Ponzi Schemes — filed
SEC v. Manuel A. Romero (ponzi schemes, 2022) SEC 2022-05-10 Ponzi Schemes — judgment
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. 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 $586k settled
SEC v. Maplelane Capital LLC (naked short selling debate, 2022) SEC 2022-05-02 Naked Short Selling Debate $250k 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 $30k settled
OSC v. Christopher Uitvlugt (ponzi schemes, 2022) OSC 2022-04-27 Ponzi Schemes — filed
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 $37.5k 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 $233k settled
SEC v. Gregory Lemelson, Lemelson Capital Management, LLC, and The Amvona Fund (short and distort, 2022) SEC 2022-03-31 Short And Distort $160k judgment
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. 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 , Social Media Ramps — filed
Caloundra man pleads guilty to insider trading (ASIC, 2022) ASIC 2022-01-28 Insider Trading — unknown
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. Vladislav Kliushin, Nikolai Rumiantcev, Mikhail Irzak, Igor Sladkov, and Ivan Yermakov (hack to trade, 2021) SEC 2021-12-22 Hack To Trade — judgment
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 $125m 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
ASIC v. Courtenay House (ponzi schemes, 2021) ASIC 2021-11-30 Ponzi Schemes — filed
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 $195k settled
SEC v. MIO Partners, Inc. (insider trading, 2021) SEC 2021-11-19 Insider Trading $18m settled
SEC v. William E. Gericke, Esq. (insider trading, 2021) SEC 2021-11-19 Insider Trading $20k settled
CFTC v. Daniel Fingerhut (wash trading, 2021) CFTC 2021-11-17 Wash Trading $600k judgment
Former executive of Healthe Care Australia sentenced to 12 months imprisonment and fined $10,000 for insider trading (ASIC, 2021) ASIC 2021-11-16 Insider Trading — unknown