Home / Cases / 2016 Market manipulation enforcement actions filed in 2016 This library records 179 market manipulation enforcement actions filed in 2016, brought by CFTC, 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 $191m
Median penalty $198k
Largest $120m
Criminal parallel 30% Action Agency Filed Technique Penalty Status CFTC v. Goldman Sachs (benchmark submission rigging, 2016) CFTC 2016-12-22 Benchmark Submission Rigging , Price Manipulation $120m judgment SEC v. Chamroonrat, et al. (ponzi schemes, 2016) SEC 2016-12-22 Ponzi Schemes — filed CFTC v. Defendants Igor B. Oystacher (spoofing, 2016) CFTC 2016-12-21 Spoofing $2.5m judgment SEC v. Edward F. Panos, et al. (shell factories, 2016) SEC 2016-12-20 Shell Factories , Undisclosed Control Blocks — judgment SEC v. Morgan Stanley & Co. LLC (benchmark submission rigging, 2016) SEC 2016-12-20 Benchmark Submission Rigging — settled 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 $50k settled SEC v. Empire Stock Transfer, Inc. and Matthew J. Blevins (paid stock promotion, 2016) SEC 2016-12-16 Paid Stock Promotion , Unregistered Distributions $50k settled SEC v. Jo Ann Myers and Hollis W. Pickett, Jr. (insider trading, 2016) SEC 2016-12-16 Insider Trading $40.4k settled SEC v. Michael J. Muellerleile, Esq. and M2 Law Professional Corp. (reverse merger schemes, 2016) SEC 2016-12-16 Reverse Merger Schemes $70k settled SEC v. Wilson-Davis & Company, Inc. (naked short selling debate, 2016) SEC 2016-12-16 Naked Short Selling Debate — unknown CFTC v. unnamed respondents (wash trading, 2016) CFTC 2016-12-15 Wash Trading $1.2m filed SEC v. Marc Winters (insider trading, 2016) SEC 2016-12-02 Insider Trading — settled CFTC v. Former CBOE Member Alvin (ponzi schemes, 2016) CFTC 2016-12-01 Ponzi Schemes $12.4m judgment SEC v. Blackbird Capital Partners, LLC, et al. (ponzi schemes, 2016) SEC 2016-11-30 Ponzi Schemes — unknown SEC v. Neman and Shervin Neman Financial, Inc. (ponzi schemes, 2016) SEC 2016-11-29 Ponzi Schemes — judgment SEC v. Dennis Ira Ringer (unregistered distributions, 2016) SEC 2016-11-23 Unregistered Distributions $25k settled CFTC v. unnamed respondents (spoofing, 2016) CFTC 2016-11-22 Spoofing , Wash Trading — unknown SEC v. Capital Financial Partners, LLC et al. and others (ponzi schemes, 2016) SEC 2016-11-22 Ponzi Schemes — unknown SEC v. Gary R. Purwin, CPA (ponzi schemes, 2016) SEC 2016-11-21 Ponzi Schemes $20k settled CFTC v. Navinder Singh Sarao (layering, 2016) CFTC 2016-11-18 Layering , Price Manipulation +1 $38m judgment SEC v. Sanjay Valvani and Gordon Johnston (insider trading, 2016) SEC 2016-11-14 Insider Trading — settled CFTC v. U.K. Resident Navinder Singh (price manipulation, 2016) CFTC 2016-11-10 Price Manipulation , Spoofing — settled SEC v. Eric McPhail and Douglas Parigian (insider trading, 2016) SEC 2016-11-09 Insider Trading — judgment SEC v. Herbert K. Sudfeld (insider trading, 2016) SEC 2016-11-09 Insider Trading — dismissed SEC v. Anthony Andrade, et al. (insider trading, 2016) SEC 2016-11-01 Insider Trading $150k judgment SEC v. Nicholas H. Shermeta and Napa Properties, LLC (reverse merger schemes, 2016) SEC 2016-11-01 Reverse Merger Schemes — settled SEC v. Michael L. Reger (reverse merger schemes, 2016) SEC 2016-10-31 Reverse Merger Schemes $250k settled SEC v. Curt Kramer and Hope Capital, Inc. (unregistered distributions, 2016) SEC 2016-10-27 Unregistered Distributions — settled SEC v. Christopher Salis, et al. (insider trading, 2016) SEC 2016-10-21 Insider Trading — filed SEC v. James C. Cope, Esq. (insider trading, 2016) SEC 2016-10-21 Insider Trading — filed SEC v. Artis Capital Management, L.P. and Michael W. Harden (insider trading, 2016) SEC 2016-10-13 Insider Trading — dismissed SEC v. Deutsche Bank Securities Inc. (front running, 2016) SEC 2016-10-12 Front Running , Insider Trading +1 $100k judgment SEC v. Richard Weed et al. (paid stock promotion, 2016) SEC 2016-10-04 Paid Stock Promotion , Pump And Dump +1 — judgment CFTC v. New Jersey Residents Alcibiades Cifuentes and Jennifer Wee Cifuentes (ponzi schemes, 2016) CFTC 2016-10-01 Ponzi Schemes — filed SEC v. Ikenna Ikokwu, et al. (ponzi schemes, 2016) SEC 2016-09-30 Ponzi Schemes — filed SEC v. Jason W. Galanis, et al. (matched orders, 2016) SEC 2016-09-30 Matched Orders — judgment 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 — settled SEC v. Marcus A. Luna, et al. (boiler rooms, 2016) SEC 2016-09-30 Boiler Rooms , Paid Stock Promotion +1 — filed 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 — filed SEC v. Och-Ziff Capital Management Group LLC Oz Management LP Och and others (paid stock promotion, 2016) SEC 2016-09-29 Paid Stock Promotion — settled SEC v. Robert Gadimian (insider trading, 2016) SEC 2016-09-29 Insider Trading — filed CFTC v. Advanced Trading Workshop (newsletter scalping, 2016) CFTC 2016-09-28 Newsletter Scalping , Paid Stock Promotion $470k judgment 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 SEC v. Jason A. Wallace (boiler rooms, 2016) SEC 2016-09-27 Boiler Rooms , Paid Stock Promotion +1 — filed SEC v. Frank P. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading — 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 — 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 — 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 — judgment CFTC v. JSC VTB Bank and VTB Capital PLC Jointly (wash trading, 2016) CFTC 2016-09-20 Wash Trading $5m judgment SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-09-20 Ponzi Schemes — unknown SEC v. Bodden and Cliffe R. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment SEC v. Fusion Pharm, Inc. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment SEC v. Microcap Management LLC Bayside Realty Holdings LLC Meadpoint Venture Partners, LLC (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment SEC v. Sears and William J. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment SEC v. Tod A. Ditommaso, Esq. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks , Unregistered Distributions — unknown SEC v. Steven Metro (insider trading, 2016) SEC 2016-09-14 Insider Trading — unknown SEC v. Manuel E. Jesus aka Manny Backus, et al. (paid stock promotion, 2016) SEC 2016-09-13 Paid Stock Promotion $235k judgment SEC v. Richard Weed, Esq. (pump and dump, 2016) SEC 2016-09-13 Pump And Dump — unknown SEC v. BOKF, NA (ponzi schemes, 2016) SEC 2016-09-09 Ponzi Schemes $600k judgment SEC v. Dennis W. Hamilton (insider trading, 2016) SEC 2016-09-07 Insider Trading — filed SEC v. Contrarian Press, LLC, Scott S. Fraser, and Nathan Yeung (paid stock promotion, 2016) SEC 2016-09-06 Paid Stock Promotion — filed SEC v. Dennis Wayne Hamilton (insider trading, 2016) SEC 2016-08-30 Insider Trading — filed SEC v. Edward F. Panos, et al. (pump and dump, 2016) SEC 2016-08-25 Pump And Dump — unknown SEC v. Cedric Cañas Maillard (insider trading, 2016) SEC 2016-08-24 Insider Trading — judgment SEC v. Peterson and Curtis A. (ponzi schemes, 2016) SEC 2016-08-23 Ponzi Schemes $7.5k settled SEC v. John W.R. Miller (reverse merger schemes, 2016) SEC 2016-08-22 Reverse Merger Schemes — settled SEC v. Bay City Transfer Agency and Registrar, Inc. Amersey and Nitin M. (undisclosed control blocks, 2016) SEC 2016-08-18 Undisclosed Control Blocks — unknown SEC v. J. Patrick O'Neill and Robert H. Bray (insider trading, 2016) SEC 2016-08-18 Insider Trading — judgment SEC v. Sean Stewart (insider trading, 2016) SEC 2016-08-18 Insider Trading — filed CFTC v. unnamed respondents (insider trading, 2016) CFTC 2016-08-17 Insider Trading — judgment 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. Lathen and Donald F. ("Jay") Jr. Eden Arc Capital Management, LLC Eden Arc Capital Advisors, LLC (undisclosed control blocks, 2016) SEC 2016-08-15 Undisclosed Control Blocks — unknown SEC v. Paul T. Rampoldi , et al. (insider trading, 2016) SEC 2016-08-12 Insider Trading — filed SEC v. Patrick Churchville (ponzi schemes, 2016) SEC 2016-08-05 Ponzi Schemes — filed SEC v. Edward J. Kosinski (insider trading, 2016) SEC 2016-08-04 Insider Trading — filed CFTC v. John D. Briner (custodianship shell hijacking, 2016) CFTC 2016-08-03 Custodianship Shell Hijacking $280k judgment SEC v. Traffic Monsoon et al. (ponzi schemes, 2016) SEC 2016-07-28 Ponzi Schemes — filed 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 — unknown SEC v. Yi Chen, CPA (insider trading, 2016) SEC 2016-07-26 Insider Trading — settled SEC v. Braslau and Samuel (boiler rooms, 2016) SEC 2016-07-25 Boiler Rooms — unknown SEC v. James Hugh Brennan, III, et al. (paid stock promotion, 2016) SEC 2016-07-25 Paid Stock Promotion — unknown SEC v. Samuel Braslau (boiler rooms, 2016) SEC 2016-07-25 Boiler Rooms — unknown SEC v. Thomas D. Melvin, et al. (insider trading, 2016) SEC 2016-07-25 Insider Trading — judgment SEC v. Blount and John Steven (ponzi schemes, 2016) SEC 2016-07-22 Ponzi Schemes — unknown SEC v. The Phoenix Companies, Inc. (benchmark submission rigging, 2016) SEC 2016-07-15 Benchmark Submission Rigging — settled CFTC v. Defendants Matthew J. Marcus (custodianship shell hijacking, 2016) CFTC 2016-07-08 Custodianship Shell Hijacking $250k judgment SEC v. Thomas W. Avent, Jr., Raymond J. Pirrello, Jr., and Lawrence J. Penna (insider trading, 2016) SEC 2016-07-08 Insider Trading — filed SEC v. Toni Tong Chen, CPA (unregistered distributions, 2016) SEC 2016-07-08 Unregistered Distributions — judgment CFTC v. Naples (ponzi schemes, 2016) CFTC 2016-07-06 Ponzi Schemes $7.5m judgment
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