Market Manipulation. Search

CFTC manipulation enforcement actions

This library records 334 market manipulation enforcement actions brought by the Commodity Futures Trading Commission.

These are the CFTC actions our ingest has classified as involving a manipulation technique. Actions that do not allege manipulation are outside this library's scope and are not recorded, so this is not a complete mirror of CFTC enforcement.

Actions
100
Total penalties
$2.4bn
Median penalty
$1.3m
Largest
$475m
Criminal parallel
36%
Action Agency Filed Technique Penalty Status
CFTC v. Aaron Michael Scott (ponzi schemes, 2021) CFTC 2021-04-27 Ponzi Schemes — judgment
CFTC v. unnamed respondents (ponzi schemes, 2021) CFTC 2021-04-08 Ponzi Schemes $1.5m judgment
CFTC v. Douglas Lien (ponzi schemes, 2021) CFTC 2021-04-08 Ponzi Schemes $5.2m judgment
CFTC v. Glenn Olson (rigged binary options execution, 2021) CFTC 2021-04-06 Rigged Binary Options Execution — settled
CFTC v. Emilio José Heredia Collado (price manipulation, 2021) CFTC 2021-03-25 Price Manipulation $100k settled
CFTC v. Coinbase Inc. (exchange wash trading, 2021) CFTC 2021-03-19 Exchange Wash Trading , Wash Trading $6.5m judgment
CFTC v. John McAfee and Jimmy Gale Watson (pump and dump, 2021) CFTC 2021-03-05 Pump And Dump — filed
CFTC v. Eibschutz (2021) CFTC 2021-02-23 $75k settled
CFTC v. New York Man (ponzi schemes, 2021) CFTC 2021-01-26 Ponzi Schemes — settled
CFTC v. Mark N. Pyatt (ponzi schemes, 2020) CFTC 2020-12-22 Ponzi Schemes — judgment
CFTC v. Vitol Inc. (price manipulation, 2020) CFTC 2020-12-03 Price Manipulation — settled
CFTC v. unnamed respondents (ponzi schemes, 2020) CFTC 2020-11-04 Ponzi Schemes $450k judgment
CFTC v. Peter Szatmari (binary options solicitation fraud, 2020) CFTC 2020-10-13 $5.7m judgment
CFTC v. Brendan Delovitch, Wesley Johnson, Rajeev Kansal and ARB Trading Group LP (spoofing, 2020) CFTC 2020-09-30 Spoofing $745k judgment
CFTC v. Sunoco (spoofing, 2020) CFTC 2020-09-30 Spoofing $450k judgment
CFTC v. Marcus Schultz (misappropriated information and fictitious trading, 2020) CFTC 2020-09-30 $670k settled
CFTC v. JPMorgan (price manipulation, 2020) CFTC 2020-09-29 Price Manipulation , Spoofing $436m settled
CFTC v. Gain Capital Group, LLC (supervision failures, 2020) CFTC 2020-09-29 $300k settled
CFTC v. Roman Banoczay Jr., Roman Banoczay Sr. and BAZUR Spol. S.R.O. (spoofing, 2020) CFTC 2020-09-29 Spoofing $750k settled
CFTC v. Thomas Donino and FNY Partners Fund LP (spoofing, 2020) CFTC 2020-09-28 Spoofing $585k judgment
CFTC v. 4 Florida Men (ponzi schemes, 2020) CFTC 2020-09-16 Ponzi Schemes $80.5m judgment
CFTC v. Edge Financial Technologies (spoofing, 2020) CFTC 2020-09-15 Spoofing $48.4k judgment
CFTC v. Walsh (ponzi schemes, 2020) CFTC 2020-09-11 Ponzi Schemes — judgment
CFTC v. Cartu et al. (rigged binary options execution, 2020) CFTC 2020-09-02 Rigged Binary Options Execution $100k judgment
CFTC v. Cartu et al. (rigged binary options execution, 2024) CFTC 2020-09-02 Rigged Binary Options Execution $153m judgment
CFTC v. Multiple Individuals and Entities (ponzi schemes, 2020) CFTC 2020-08-28 Ponzi Schemes — filed
CFTC v. The Bank of Nova Scotia (spoofing, 2020) CFTC 2020-08-19 Spoofing — judgment
CFTC v. The Bank of Nova Scotia (spoofing, 2020) CFTC 2020-08-19 Spoofing $109m judgment
CFTC v. NYMEX (2020) CFTC 2020-08-04 $4m settled
CFTC v. California and Colorado Residents (ponzi schemes, 2020) CFTC 2020-07-08 Ponzi Schemes — judgment
CFTC v. Mark Miller and Foremost Trading LLC (matched orders, 2020) CFTC 2020-07-06 Matched Orders $450k judgment
CFTC v. Deutsche Bank Securities Inc. (spoofing, 2020) CFTC 2020-06-18 Spoofing $1.3m settled
CFTC v. Craig L. Clavin and Lighthouse Futures, Ltd. (2020) CFTC 2020-06-11 $25k settled
CFTC v. William S. Evans III (2020) CFTC 2020-06-02 — settled
CFTC v. Casper Mikkelsen (2020) CFTC 2020-05-18 $3.6m judgment
CFTC v. Mehran Khorrami and Cayley Investment Management, LLC (wash trading, 2020) CFTC 2020-05-07 Wash Trading $150k judgment
CFTC v. Winston Reed Investments LLC and Mark N. Pyatt (2020) CFTC 2020-02-20 — settled
CFTC v. Colorado Resident (ponzi schemes, 2020) CFTC 2020-02-14 Ponzi Schemes $450k judgment
CFTC v. Propex Derivatives Pty Ltd (spoofing, 2020) CFTC 2020-01-21 Spoofing $462k judgment
CFTC v. Mirae Asset Daewoo Co., Ltd. (spoofing, 2020) CFTC 2020-01-13 Spoofing $700k judgment
CFTC v. US Coin Bullion LLC and its Owners (ponzi schemes, 2020) CFTC 2020-01-10 Ponzi Schemes — judgment
CFTC v. Christophe Rivoire (price manipulation, 2019) CFTC 2019-12-20 Price Manipulation — filed
CFTC v. New Mexico Resident (ponzi schemes, 2019) CFTC 2019-12-10 Ponzi Schemes $5.2m settled
CFTC v. Mitsubishi Corporation RtM Japan Ltd. (spoofing, 2019) CFTC 2019-11-07 Spoofing $500k judgment
CFTC v. Tower Research Capital LLC (spoofing, 2019) CFTC 2019-11-07 Spoofing $24.4m judgment
CFTC v. Nevada Company and its Owner (ponzi schemes, 2019) CFTC 2019-10-16 Ponzi Schemes $1.5m judgment
CFTC v. unnamed respondents (ponzi schemes, 2019) CFTC 2019-10-15 Ponzi Schemes $12.6m judgment
CFTC actions against affiliate marketers David Sechovich and Peter Szatmari (binary options fraud, 2019) CFTC 2019-10-07 — judgment
CFTC v. Belvedere Trading LLC (spoofing, 2019) CFTC 2019-10-01 Spoofing $1.1m judgment
CFTC v. Classic Energy LLC and Mathew D. Webb (front running, 2019) CFTC 2019-10-01 Front Running $1.5m settled
CFTC v. Morgan Stanley Capital Group Inc. (spoofing, 2019) CFTC 2019-10-01 Spoofing $1.5m judgment
CFTC v. RBC Capital Markets (wash trading, 2019) CFTC 2019-10-01 Wash Trading $5m judgment
CFTC v. Mitsubishi International Corporation (spoofing, 2019) CFTC 2019-10-01 Spoofing $400k judgment
CFTC v. Hard Eight Futures, LLC and Igor Chernomzav (spoofing, 2019) CFTC 2019-09-30 Price Manipulation , Spoofing $2.5m judgment
CFTC v. Trader and his Company (ponzi schemes, 2019) CFTC 2019-09-19 Ponzi Schemes — settled
CFTC v. Jared J. Davis (rigged binary options execution, 2019) CFTC 2019-09-17 Rigged Binary Options Execution — settled
CFTC v. Jared J. Davis (rigged binary options execution, 2023) CFTC 2019-09-17 Rigged Binary Options Execution — settled
CFTC v. Christian Trunz (spoofing, 2019) CFTC 2019-09-16 Spoofing — judgment
CFTC v. John Lawrence and Heraeus Metals New York LLC (spoofing, 2019) CFTC 2019-09-16 Spoofing $1m judgment
CFTC v. Michael Nowak and Gregg Smith (spoofing, 2019) CFTC 2019-09-16 Price Manipulation , Spoofing $350k settled
CFTC v. Dominick Vincent Carducci and VOS Capital Management, LLC (2019) CFTC 2019-09-09 $2.9m judgment
CFTC v. International Enterprise (rigged binary options execution, 2019) CFTC 2019-08-12 Rigged Binary Options Execution $339m judgment
CFTC v. Cohen (Yukom Communications, rigged binary options execution, 2024) CFTC 2019-08-12 Rigged Binary Options Execution — settled
CFTC v. Benjamin Cox (spoofing, 2019) CFTC 2019-07-31 Spoofing $150k judgment
CFTC v. Corey D. Flaum (price manipulation, 2019) CFTC 2019-07-25 Price Manipulation , Spoofing — settled
CFTC v. Swapnil Rege (mismarking, 2019) CFTC 2019-07-18 Mismarking $100k settled
CFTC v. Eagle Market Makers, Inc. (wash trading, 2019) CFTC 2019-06-28 Wash Trading $350k judgment
CFTC v. unnamed respondents (ponzi schemes, 2019) CFTC 2019-06-27 Ponzi Schemes — judgment
CFTC v. Merrill Lynch Commodities (price manipulation, 2019) CFTC 2019-06-25 Price Manipulation , Spoofing $11.5m judgment
CFTC v. Company and its Principal (ponzi schemes, 2019) CFTC 2019-06-18 Ponzi Schemes $429m judgment
CFTC v. Fabio Bretas de Freitas and Phy Capital Investments LLC (2019) CFTC 2019-05-10 $12.6m judgment
CFTC v. David Smothermon (mismarking, 2019) CFTC 2019-05-09 Mismarking — filed
CFTC v. Forex Trading Firms and Principals (ponzi schemes, 2019) CFTC 2019-04-22 Ponzi Schemes $14.6m judgment
CFTC v. Carlos Javier Ramirez, Royal Leisure International, Inc. and Gold Chasers, Inc. (2019) CFTC 2019-03-04 $8.2m judgment
CFTC v. Krishna Mohan (spoofing, 2019) CFTC 2019-02-25 Spoofing — settled
CFTC v. Andre Flotron (spoofing, 2019) CFTC 2019-02-07 Spoofing $100k judgment
CFTC v. Kevin Crepeau (spoofing, 2019) CFTC 2019-01-31 Spoofing $120k judgment
CFTC v. Dro Kholamian and Blue Star Trading, LLC (2018) CFTC 2018-12-17 $150k settled
CFTC v. Gaylen Rust (ponzi schemes, 2018) CFTC 2018-12-17 Ponzi Schemes — filed
CFTC v. Defendants Gaylen Dean Rust (ponzi schemes, 2018) CFTC 2018-11-16 Ponzi Schemes — filed
CFTC v. Jacob Bourne (mismarking, 2018) CFTC 2018-11-08 Mismarking $350k settled
CFTC v. GBI (ponzi schemes, 2018) CFTC 2018-10-18 Ponzi Schemes $2m judgment
CFTC v. Kamaldeep Gandhi (spoofing, 2018) CFTC 2018-10-12 Spoofing — judgment
CFTC v. Aaron Michael Scott and BMC Worldwide, Inc. (2018) CFTC 2018-10-03 — settled
CFTC v. The Bank of Nova Scotia (spoofing, 2018) CFTC 2018-10-01 Spoofing $800k judgment
CFTC v. unnamed respondents (insider trading, 2018) CFTC 2018-09-28 Insider Trading — filed
CFTC v. EOX Holdings LLC and Andrew Gizienski (insider trading, 2018) CFTC 2018-09-28 Insider Trading $7.5m judgment
CFTC v. Davis Ramsey (price manipulation, 2018) CFTC 2018-09-27 Price Manipulation $325k settled
CFTC v. Davis Ramsey (price manipulation, 2018) CFTC 2018-09-27 Price Manipulation $325k settled
CFTC v. Adam Flavin (price manipulation, 2018) CFTC 2018-09-26 Price Manipulation $125k judgment
CFTC v. Adam Flavin and Peter Grady (price manipulation, 2018) CFTC 2018-09-26 Price Manipulation $375k settled
CFTC v. Mizuho Bank (spoofing, 2018) CFTC 2018-09-21 Spoofing $250k judgment
CFTC v. Geneva Trading USA (spoofing, 2018) CFTC 2018-09-20 Spoofing $1.5m judgment
CFTC v. Bank of America (benchmark submission rigging, 2018) CFTC 2018-09-19 Benchmark Submission Rigging , Price Manipulation $30m judgment
CFTC v. Victory Asset, Inc. and Michael D. Franko (spoofing, 2018) CFTC 2018-09-19 Spoofing $2.3m judgment
CFTC v. ICAP Capital Markets LLC (benchmark submission rigging, 2018) CFTC 2018-09-18 Benchmark Submission Rigging , Price Manipulation $50m judgment
CFTC v. BNP Paribas (benchmark submission rigging, 2018) CFTC 2018-08-29 Benchmark Submission Rigging , Price Manipulation $90m judgment
CFTC v. Lansing Trade Group, LLC (price manipulation, 2018) CFTC 2018-07-12 Price Manipulation $3.4m settled
CFTC v. JPMorgan Chase Bank (benchmark submission rigging, 2018) CFTC 2018-06-18 Benchmark Submission Rigging , Price Manipulation $65m judgment
CFTC v. Société Générale S.A. (benchmark submission rigging, 2018) CFTC 2018-06-04 Benchmark Submission Rigging , Price Manipulation $475m judgment