Home / Cases / 2013 Market manipulation enforcement actions filed in 2013 This library records 102 market manipulation enforcement actions filed in 2013, brought by CFTC, FCA, OSC, SEC.
Counts by year reflect when an action was filed or announced, not when the underlying conduct occurred — those are often years apart. Compare across years with care: a single multi-defendant sweep can dominate a year's count.
Actions 100
Total penalties $1bn
Median penalty $257k
Largest $475m
Criminal parallel 21% Action Agency Filed Technique Penalty Status CFTC v. David M. Nunn (wash trading, 2013) CFTC 2013-12-20 Wash Trading $600k judgment CFTC v. David R. Lynch (ponzi schemes, 2013) CFTC 2013-12-13 Ponzi Schemes $300k judgment OSC v. Imtiaz Hashmani (insider trading, 2013) OSC 2013-11-29 Insider Trading — filed CFTC v. of Attempted Manipulation of NYMEX Crude Oil Futures Contracts (banging the close, 2013) CFTC 2013-11-26 Banging The Close , Price Manipulation +1 $400k judgment SEC v. Frank Bluestein (ponzi schemes, 2013) SEC 2013-11-26 Ponzi Schemes — appealed SEC v. Curt Kramer and others (unregistered distributions, 2013) SEC 2013-11-25 Unregistered Distributions — settled OSC v. TransCap Corporation and others (ponzi schemes, 2013) OSC 2013-11-21 Ponzi Schemes — unknown FCA v. Rahul Shah Individual (insider trading, 2013) FCA 2013-11-13 Insider Trading — dismissed SEC v. Martin and Julieann Palmer (ponzi schemes, 2013) SEC 2013-11-13 Ponzi Schemes — settled SEC v. Bresner and others (churning, 2013) SEC 2013-11-08 Churning $5k settled CFTC v. Donald R. Wilson and his Company (banging the close, 2013) CFTC 2013-11-07 Banging The Close , Price Manipulation +1 — unknown SEC v. Charles M. Raspa (price manipulation, 2013) SEC 2013-11-05 Price Manipulation — filed SEC v. Steven Markowitz (price manipulation, 2013) SEC 2013-11-05 Price Manipulation — unknown CFTC v. Co (benchmark submission rigging, 2013) CFTC 2013-10-30 Benchmark Submission Rigging , Price Manipulation $475m judgment FCA v. Coöperatieve Centrale Raiffeisen–Boerenleenbank B.A. (‘Rabobank’) (benchmark submission rigging, 2013) FCA 2013-10-29 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +1 — settled CFTC v. UBS (benchmark submission rigging, 2013) CFTC 2013-10-25 Benchmark Submission Rigging , Ponzi Schemes +2 $1.5m settled SEC v. Knight Capital Americas LLC (naked short selling debate, 2013) SEC 2013-10-16 Naked Short Selling Debate — settled CFTC v. JPMorgan Chase Bank (price manipulation, 2013) CFTC 2013-10-16 Price Manipulation $100m judgment OSC v. Bradon Technologies Ltd. and others (ponzi schemes, 2013) OSC 2013-10-03 Ponzi Schemes — dismissed CFTC v. Registered COMEX Floor Broker Dominick Anthony Cognata (matched orders, 2013) CFTC 2013-10-01 Matched Orders — filed OSC v. Weizhen Tang (ponzi schemes, 2013) OSC 2013-09-30 Ponzi Schemes — dismissed SEC v. Adam Troy Dooly (paid stock promotion, 2013) SEC 2013-09-30 Paid Stock Promotion , Ponzi Schemes $3k settled SEC v. Scott London, CPA (insider trading, 2013) SEC 2013-09-27 Insider Trading — unknown CFTC v. ICAP Europe Limited (benchmark submission rigging, 2013) CFTC 2013-09-26 Benchmark Submission Rigging , Price Manipulation $65m judgment FCA v. ICAP Europe Ltd (benchmark submission rigging, 2013) FCA 2013-09-25 Benchmark Submission Rigging , Price Manipulation — settled SEC v. TD Bank, N.A. (ponzi schemes, 2013) SEC 2013-09-23 Ponzi Schemes — dismissed OSC v. Louis Michael Kovacs (insider trading, 2013) OSC 2013-09-17 Insider Trading — unknown SEC v. Blackthorn Investment Group, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $260k settled SEC v. Claritas Investment, Ltd. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled SEC v. Credentia Group, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled SEC v. D. E. Shaw & Co., L.P. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $202k settled SEC v. Deerfield Management Company, L.P. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $609k settled SEC v. G-2 Trading LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts — unknown SEC v. Hudson Bay Capital Management LP (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $272k settled SEC v. JGP Global Gestão de Recursos Ltda. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $514k settled SEC v. M.S. Junior, Inc. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $165k settled SEC v. Manikay Partners LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $680k settled SEC v. Meru Capital Group, LP (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $131k settled SEC v. Merus Capital Partners, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled SEC v. Ontario Teachers’ Pension Plan Board (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $68.3k settled SEC v. Pan Capital AB (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $221k settled SEC v. PEAK6 Capital Management LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled SEC v. Philadelphia Financial Management of San Francisco, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled SEC v. Polo Capital International Gestão de Recursos Ltda. (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $76k settled SEC v. Soundpost Partners, LP (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled SEC v. Southpoint Capital Advisors LP (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $170k settled SEC v. Talkot Capital LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled SEC v. Vollero Beach Capital Partners LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $215k settled SEC v. War Chest Capital Partners LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $130k settled SEC v. Western Standard, LLC (rule 105 offering shorts, 2013) SEC 2013-09-16 Rule 105 Offering Shorts $65k settled SEC v. David G. Bartholomew (ponzi schemes, 2013) SEC 2013-09-06 Ponzi Schemes — settled SEC v. Lawrence D. Polizzotto (insider trading, 2013) SEC 2013-09-06 Insider Trading $50k settled SEC v. Anthony John Johnson (ponzi schemes, 2013) SEC 2013-09-05 Ponzi Schemes — judgment SEC v. Ricardo Bonilla Rojas (ponzi schemes, 2013) SEC 2013-09-04 Ponzi Schemes , Unregistered Distributions — unknown CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-08-27 Ponzi Schemes $350k settled OSC v. Kevin Warren Zietsoff (ponzi schemes, 2013) OSC 2013-08-19 Ponzi Schemes — settled SEC v. North East Capital and LLCand Anthony T. Vicidomine (unregistered distributions, 2013) SEC 2013-08-16 Unregistered Distributions $150k settled SEC v. Joseph Hilton and Joseph Yurkin (boiler rooms, 2013) SEC 2013-08-09 Boiler Rooms , Unregistered Distributions — judgment SEC v. New Horizon Publishing Inc. (boiler rooms, 2013) SEC 2013-08-09 Boiler Rooms — settled SEC v. Bogar and others (ponzi schemes, 2013) SEC 2013-08-02 Ponzi Schemes — judgment SEC v. ABN AMRO Bank, N.V. (unregistered distributions, 2013) SEC 2013-07-31 Unregistered Distributions $2m settled CFTC v. Panther Energy Trading LLC and its Principal Michael J. Coscia (spoofing, 2013) CFTC 2013-07-23 Spoofing $1.4m judgment FCA v. Michael Coscia (layering, 2013) FCA 2013-07-03 Layering , Price Manipulation +1 — settled SEC v. Jennifer E. Thoennes (ponzi schemes, 2013) SEC 2013-07-01 Ponzi Schemes $45k judgment CFTC v. Defendant Christopher Varlesi (ponzi schemes, 2013) CFTC 2013-06-26 Ponzi Schemes $700k judgment CFTC v. North Carolina Resident C. David Wright (ponzi schemes, 2013) CFTC 2013-06-26 Ponzi Schemes — unknown SEC v. Ward Onsa (ponzi schemes, 2013) SEC 2013-06-17 Ponzi Schemes — judgment SEC v. Chicago Board Options Exchange and others (naked short selling debate, 2013) SEC 2013-06-11 Naked Short Selling Debate — settled SEC v. optionsXpress, Inc. Stern and others (matched orders, 2013) SEC 2013-06-07 Matched Orders , Naked Short Selling Debate +1 — judgment CFTC v. Bentley Equities (ponzi schemes, 2013) CFTC 2013-06-05 Ponzi Schemes $150k judgment SEC v. UBS O’Connor, LLC (rule 105 offering shorts, 2013) SEC 2013-06-03 Rule 105 Offering Shorts $1.1m settled SEC v. Scuderi Group, Inc. and Salvatore Scuderi (unregistered distributions, 2013) SEC 2013-05-30 Unregistered Distributions $100k settled CFTC v. Kevin Cassidy (mismarking, 2013) CFTC 2013-05-30 Mismarking $1m judgment SEC v. NASDAQ Stock Market, LLC and NASDAQ Execution Services, LLC (naked short selling debate, 2013) SEC 2013-05-29 Naked Short Selling Debate — settled CFTC v. Defendants Philip Milton (ponzi schemes, 2013) CFTC 2013-05-24 Ponzi Schemes $4m judgment SEC v. Larry Michael Parrish (ponzi schemes, 2013) SEC 2013-05-24 Ponzi Schemes — judgment SEC v. Institutional Shareholder Services Inc. (insider trading, 2013) SEC 2013-05-23 Insider Trading — settled SEC v. Patrick Merrill Brody (ponzi schemes, 2013) SEC 2013-05-22 Ponzi Schemes , Unregistered Distributions — judgment CFTC v. Christy (ponzi schemes, 2013) CFTC 2013-05-21 Ponzi Schemes — settled CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-05-14 Ponzi Schemes $2.5m filed CFTC v. Ron Eibschutz (insider trading, 2013) CFTC 2013-05-09 Insider Trading — filed OSC v. Ming Chao Zhao (insider trading, 2013) OSC 2013-05-02 Insider Trading — unknown CFTC v. Kevin McLaren (wash trading, 2013) CFTC 2013-04-30 Wash Trading $200k judgment CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-04-24 Ponzi Schemes $1.5m judgment CFTC v. Defendants PMC (ponzi schemes, 2013) CFTC 2013-04-18 Ponzi Schemes $560k judgment SEC v. Scott Reiman (insider trading, 2013) SEC 2013-04-15 Insider Trading $398k settled CFTC v. New York Firm 4X Solutions (ponzi schemes, 2013) CFTC 2013-04-09 Ponzi Schemes — filed SEC v. Sean Nathan Healy (ponzi schemes, 2013) SEC 2013-04-08 Ponzi Schemes — unknown CFTC v. Cilli (ponzi schemes, 2013) CFTC 2013-03-28 Ponzi Schemes — unknown OSC v. Stephen Campbell (wash trading, 2013) OSC 2013-03-26 Wash Trading — filed OSC v. Fernando Honorate Fagundes also known as Henry Roche and New Futures Trading International Corporation (ponzi schemes, 2013) OSC 2013-03-18 Ponzi Schemes — judgment SEC v. Banco Comercial Português, S.A. (unregistered distributions, 2013) SEC 2013-03-18 Unregistered Distributions $250k settled CFTC v. Ronnie Gene Wilson (ponzi schemes, 2013) CFTC 2013-03-01 Ponzi Schemes $23m judgment CFTC v. CME Group’s New York Mercantile Exchange and Two Former Employees (insider trading, 2013) CFTC 2013-02-22 Insider Trading — filed SEC v. Tagliaferri and James S. (ponzi schemes, 2013) SEC 2013-02-21 Ponzi Schemes — judgment CFTC v. Gelber Group (wash trading, 2013) CFTC 2013-02-09 Wash Trading $750k judgment CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-02-07 Ponzi Schemes $2.4m settled CFTC v. The Royal Bank of Scotland plc and RBS Securities Japan Limited (benchmark submission rigging, 2013) CFTC 2013-02-07 Benchmark Submission Rigging , Price Manipulation +1 $325m judgment FCA v. The Royal Bank of Scotland plc (benchmark submission rigging, 2013) FCA 2013-02-06 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +2 — settled SEC v. Ardsley Advisory Partners (rule 105 offering shorts, 2013) SEC 2013-02-05 Rule 105 Offering Shorts $253k settled
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