Market Manipulation. Search

Market manipulation enforcement actions filed in 2016

This library records 202 market manipulation enforcement actions filed in 2016, brought by AMF-FR, ASIC, 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
$210m
Median penalty
$160k
Largest
$120m
Criminal parallel
39%
Action Agency Filed Technique Penalty Status
AMF France v. 3Red Trading LLC and A (layering, 2016) AMF (France) 2016-12-28 Layering — judgment
SEC v. Iat Hong, et al. (hack to trade, 2016) SEC 2016-12-27 Hack To Trade $5.9m judgment
CFTC v. Goldman Sachs (benchmark submission rigging, 2016) CFTC 2016-12-21 Benchmark Submission Rigging , Price Manipulation $120m judgment
SEC v. Naris Chamroonrat and Adam L. Plumer (2016) SEC 2016-12-21 — settled
SEC v. Chamroonrat, Plumer, Avnon, Armon and G Six Trading (2017) SEC 2016-12-21 — filed
CFTC v. Igor B. Oystacher and 3Red Trading LLC (spoofing, 2016) CFTC 2016-12-20 Spoofing $2.5m judgment
SEC v. Edward F. Panos, et al. (shell factories, 2016) SEC 2016-12-20 Shell Factories , Undisclosed Control Blocks $1.4m judgment
SEC v. Anthony B. Kerrigone (naked short selling debate, 2016) SEC 2016-12-16 Naked Short Selling Debate $50k settled
SEC v. Byron B. Barkley and Paul N. Davis (naked short selling debate, 2016) SEC 2016-12-16 Naked Short Selling Debate $75k settled
SEC v. Empire Stock Transfer, Inc. and Matthew J. Blevins (unregistered distributions, 2016) SEC 2016-12-16 Unregistered Distributions $170k settled
SEC v. Gary L. McDuff (ponzi schemes, 2016) SEC 2016-12-16 Ponzi Schemes — dismissed
SEC v. Jo Ann Myers and Hollis W. Pickett, Jr. (insider trading, 2016) SEC 2016-12-16 Insider Trading $49.1k settled
SEC v. Michael J. Muellerleile, Esq. and M2 Law Professional Corp. (shell factories, 2016) SEC 2016-12-16 Shell Factories , Undisclosed Control Blocks $70k settled
SEC v. Wilson-Davis & Company, Inc. (naked short selling debate, 2016) SEC 2016-12-16 Naked Short Selling Debate $75k settled
CFTC v. Yumin Li and Kering Capital Ltd (matched orders, 2016) CFTC 2016-12-14 Matched Orders $901k judgment
ASIC v. Hochtief AG (insider trading, 2016) ASIC 2016-12-08 Insider Trading — judgment
AMF France v. C, D, E, F, G, A, B and Banque Transatlantique (insider trading, 2016) AMF (France) 2016-12-07 Insider Trading — judgment
SEC v. Marc Winters (insider trading, 2016) SEC 2016-12-02 Insider Trading $31.9k settled
CFTC v. Former CBOE Member Alvin (ponzi schemes, 2016) CFTC 2016-11-30 Ponzi Schemes $12.4m judgment
SEC v. Shervin Neman and Neman Financial, Inc. (ponzi schemes, 2016) SEC 2016-11-29 Ponzi Schemes — judgment
SEC v. Blackbird Capital Partners, Kelley and Shumway (ponzi schemes, 2016) SEC 2016-11-28 Ponzi Schemes $50k judgment
SEC v. Dennis Ira Ringer (unregistered distributions, 2016) SEC 2016-11-23 Unregistered Distributions $25k settled
SEC v. Capital Financial Partners, Allen and Daub: guilty pleas (ponzi schemes, 2016) SEC 2016-11-22 Ponzi Schemes — judgment
CFTC v. Navinder Singh Sarao (layering, 2016) CFTC 2016-11-17 Layering , Price Manipulation +1 $25.7m judgment
SEC v. Sanjay Valvani and Gordon Johnston (insider trading, 2016) SEC 2016-11-14 Insider Trading — settled
CFTC v. Navinder Singh Sarao (spoofing, 2016) CFTC 2016-11-09 Price Manipulation , Spoofing — settled
SEC v. Eric McPhail and Douglas Parigian (insider trading, 2016) SEC 2016-11-09 Insider Trading $148k judgment
SEC v. Herbert K. Sudfeld (insider trading, 2016) SEC 2016-11-09 Insider Trading — judgment
SEC v. Steven R. Markusen and Jay C. Cope (marking the close, 2016) SEC 2016-11-09 Marking The Close , Churning $200k judgment
SEC v. Dubovoy, et al. (hack to trade, 2016) SEC 2016-11-02 Hack To Trade — settled
SEC v. Anthony Andrade, et al. (insider trading, 2016) SEC 2016-11-01 Insider Trading $150k judgment
SEC v. Daniel Christian Stanley Powell (ponzi schemes, 2016) SEC 2016-11-01 Ponzi Schemes — judgment
SEC v. Nicholas H. Shermeta and Napa Properties, LLC (2016) SEC 2016-11-01 $50k settled
SEC v. Michael L. Reger (undisclosed control blocks, 2016) SEC 2016-10-31 Undisclosed Control Blocks $750k settled
SEC v. Curt Kramer and Hope Capital, Inc. (unregistered distributions, 2016) SEC 2016-10-27 Unregistered Distributions $100k settled
SEC v. Christopher Salis, et al. (insider trading, 2016) SEC 2016-10-21 Insider Trading — settled
SEC v. James C. Cope, Esq. (insider trading, 2016) SEC 2016-10-21 Insider Trading — settled
SEC v. Artis Capital Management, L.P. and Michael W. Harden (insider trading, 2016) SEC 2016-10-13 Insider Trading $2.6m settled
SEC v. Deutsche Bank Securities Inc. (analyst manipulation, 2016) SEC 2016-10-12 Analyst Manipulation $9.5m judgment
SEC v. Richard Weed, Coleman Flaherty III and Thomas Brazil (pump and dump, 2016) SEC 2016-10-04 Pump And Dump , Reverse Merger Schemes — judgment
CFTC v. Cifuentes, Wee and Cifuentes Fund Management (ponzi schemes, 2016) CFTC 2016-09-30 Ponzi Schemes $1.8m judgment
OSC v. Saileshwar Rao Narayan and others (ponzi schemes, 2016) OSC 2016-09-30 Ponzi Schemes — judgment
SEC v. Ikenna Ikokwu and his firms (2016) SEC 2016-09-30 $80k judgment
SEC v. Jason W. Galanis, et al. (matched orders, 2016) SEC 2016-09-30 Matched Orders — settled
SEC v. Louis T. Buonocore, Jeremy R. Draper, Frank J. Morelli, III, Berardino "Dino" Paolucci, Jr. and Don L. Rose (matched orders, 2016) SEC 2016-09-30 Matched Orders $3.3m judgment
SEC v. Marcus A. Luna, et al. (boiler rooms, 2016) SEC 2016-09-30 Boiler Rooms , Pump And Dump $15k judgment
SEC v. Vladimir Eydelman and Steven Metro (insider trading, 2016) SEC 2016-09-30 Insider Trading $1.2m settled
SEC v. Nino Coppero del Valle et al. (insider trading, 2016) SEC 2016-09-29 Insider Trading $113k settled
SEC v. Robert Gadimian (insider trading, 2016) SEC 2016-09-29 Insider Trading — settled
CFTC v. SG Americas Securities (wash trading, 2016) CFTC 2016-09-28 Wash Trading $750k judgment
SEC v. Craig V. Sizer, and Miguel Mesa (boiler rooms, 2016) SEC 2016-09-28 Boiler Rooms — settled
CFTC v. Advanced Trading Workshop (2016) CFTC 2016-09-27 $470k settled
SEC v. Jason A. Wallace (boiler rooms, 2016) SEC 2016-09-27 Boiler Rooms , Pump And Dump $435k judgment
SEC v. Frank P. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading $31.3k settled
SEC v. Frank S. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading $56k settled
SEC v. Syed A. Hashim (insider trading, 2016) SEC 2016-09-26 Insider Trading $35.7k settled
SEC v. Vijay S. Rajan (insider trading, 2016) SEC 2016-09-26 Insider Trading $27.9k settled
SEC v. Colin Whelehan and Sheren Tsai (insider trading, 2016) SEC 2016-09-22 Insider Trading $47.8k settled
SEC v. Frank Tamayo (insider trading, 2016) SEC 2016-09-21 Insider Trading — settled
SEC v. Saleem Khan et al. (insider trading, 2016) SEC 2016-09-21 Insider Trading $7.6m judgment
Former Sydney investment banker charged with procuring insider trading (ASIC, 2016) ASIC 2016-09-20 Insider Trading — dismissed
SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-09-20 Ponzi Schemes $160k judgment
CFTC v. JSC VTB Bank and VTB Capital PLC Jointly (wash trading, 2016) CFTC 2016-09-19 Wash Trading $5m judgment
SEC v. Cliffe R. Bodden (2016) SEC 2016-09-16 — settled
SEC v. Fusion Pharm, Inc. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — settled
SEC v. Microcap Management LLC, Bayside Realty Holdings LLC and Meadpoint Venture Partners, LLC (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — settled
SEC v. William J. Sears (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — settled
SEC v. Tod A. Ditommaso, Esq. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks , Unregistered Distributions $1.5k settled
SEC v. Steven Metro (insider trading, 2016) SEC 2016-09-14 Insider Trading — judgment
SEC v. BOKF, NA (2016) SEC 2016-09-09 $600k settled
SEC v. Dennis W. Hamilton (insider trading, 2016) SEC 2016-09-07 Insider Trading $584k settled
SEC v. Contrarian Press, LLC, Scott S. Fraser, and Nathan Yeung (paid stock promotion, 2016) SEC 2016-09-06 Paid Stock Promotion $200k judgment
SEC v. Dennis Wayne Hamilton (insider trading, 2016) SEC 2016-08-30 Insider Trading $584k settled
Former director of joint venture partner charged with insider trading offences (ASIC, 2016) ASIC 2016-08-26 Insider Trading — judgment
FCA v. Peter Charles Johnson Individual (benchmark submission rigging, 2016) FCA 2016-08-26 Benchmark Submission Rigging — judgment
SEC v. Cedric Cañas Maillard (insider trading, 2016) SEC 2016-08-24 Insider Trading $834k judgment
SEC v. Curtis A. Peterson (ponzi schemes, 2016) SEC 2016-08-23 Ponzi Schemes $7.5k settled
SEC v. Richard Weed, Coleman Flaherty III and Thomas Brazil (pump and dump, 2016) SEC 2016-08-23 Pump And Dump , Reverse Merger Schemes $150k judgment
SEC v. John W.R. Miller (2016) SEC 2016-08-22 $50k settled
SEC v. J. Patrick O'Neill and Robert H. Bray (insider trading, 2016) SEC 2016-08-18 Insider Trading — settled
SEC v. Sean Stewart (insider trading, 2016) SEC 2016-08-18 Insider Trading — settled
CFTC v. Steven A. Cohen (registration restricted, failure to supervise, 2016) CFTC 2016-08-16 — settled
SEC v. Damon M. Barnes and Cathy S. Barnes (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. Daniel J. Bean (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes $7.5k settled
SEC v. Jeremy D. Barnes (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. John L. Shipley (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes $7.5k settled
SEC v. Joshua M. Beauregard and Jennifer M. Beauregard (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. Paul T. Rampoldi , et al. (insider trading, 2016) SEC 2016-08-12 Insider Trading — settled
SEC v. Patrick Churchville and ClearPath Wealth Management (ponzi schemes, 2016) SEC 2016-08-05 Ponzi Schemes — judgment
SEC v. Edward J. Kosinski (insider trading, 2016) SEC 2016-08-04 Insider Trading — settled
SEC v. Dubovoy et al.: Leonid Momotok guilty plea (hack to trade, 2016) SEC 2016-08-04 Hack To Trade — settled
CFTC v. John D. Briner and MetroWest Law Corporation (matched orders, 2016) CFTC 2016-08-02 Matched Orders $280k judgment
SEC v. Diane D. Dalmy, Esq. (unregistered distributions, 2016) SEC 2016-07-29 Unregistered Distributions — judgment
SEC v. Jeffery A. McCollum and JNL Oilfield Instruments, LLC (ponzi schemes, 2016) SEC 2016-07-27 Ponzi Schemes $160k settled
SEC v. Herbert K. Sudfeld, Jr. (insider trading, 2016) SEC 2016-07-26 Insider Trading — judgment
SEC v. Traffic Monsoon and Charles Scoville (ponzi schemes, 2016) SEC 2016-07-26 Ponzi Schemes $2.4m judgment
SEC v. Yi Chen, CPA (insider trading, 2016) SEC 2016-07-26 Insider Trading $34.7k settled
SEC v. Thomas D. Melvin, et al. (insider trading, 2016) SEC 2016-07-25 Insider Trading $146k settled
SEC v. John Steven Blount (ponzi schemes, 2016) SEC 2016-07-22 Ponzi Schemes — settled
FCA v. Gavin Duncan Paul Breeze (insider trading, 2016) FCA 2016-07-15 Insider Trading — settled