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
$470m
Median penalty
$275k
Largest
$175m
Criminal parallel
32%
Action Agency Filed Technique Penalty Status
SEC v. Deven Sellers and Roland Barrera (ponzi schemes, 2016) SEC 2016-07-14 Ponzi Schemes — judgment
AMF France v. Getco Europe Ltd (price manipulation, 2016) AMF (France) 2016-07-08 Price Manipulation — judgment
SEC v. Thomas W. Avent, Jr., Raymond J. Pirrello, Jr., and Lawrence J. Penna (insider trading, 2016) SEC 2016-07-08 Insider Trading $312k judgment
CFTC v. Matthew J. Marcus and Tech Power Inc. (matched orders, 2016) CFTC 2016-07-07 Matched Orders $250k judgment
AMF France v. A (price manipulation, 2016) AMF (France) 2016-07-05 Price Manipulation — judgment
CFTC v. Garcia, DG Wealth Management and Quanttra (ponzi schemes, 2016) CFTC 2016-07-05 Ponzi Schemes $7.5m judgment
SEC v. Luis Martin-Caro Sanchez (2016) SEC 2016-07-05 — filed
SEC v. Andrew F. Kerr (insider trading, 2016) SEC 2016-06-29 Insider Trading — settled
AMF France v. AB Science S.A. and A (false or misleading information, 2016) AMF (France) 2016-06-28 Misleading Issuer Disclosure — judgment
CFTC v. Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Entities (ponzi schemes, 2016) CFTC 2016-06-28 Ponzi Schemes $12.4m judgment
SEC v. Chris Faulkner and others (Breitling Energy, 2016) SEC 2016-06-24 Price Manipulation , Marking The Close — settled
SEC v. Malcolm Segal (ponzi schemes, 2016) SEC 2016-06-24 Ponzi Schemes — judgment
SEC v. Idris D. Mustapha (hijacked account ramping, 2016) SEC 2016-06-22 Hijacked Account Ramping — filed
SEC v. Mitchell Brown (pump and dump, 2016) SEC 2016-06-21 Pump And Dump — judgment
SEC v. James S. Hannon (insider trading, 2016) SEC 2016-06-20 Insider Trading $26.7k settled
SEC v. StratoComm Corporation, et al. (unregistered distributions, 2016) SEC 2016-06-17 Unregistered Distributions $150k appealed
SEC v. Christopher Salis, Douglas Miller, Edward Miller, and Barrett Biehl (insider trading, 2016) SEC 2016-06-16 Insider Trading — settled
SEC v. 2 West, Inc. (rule 105 offering shorts, 2016) SEC 2016-06-14 Rule 105 Offering Shorts $707k settled
SEC v. Andrew K. Proctor, et al. (2016) SEC 2016-06-14 $5.3m settled
SEC v. Providence Financial Investments, Inc., Providence Fixed Income Fund, LLC, Jeffory Churchfield, and Jack Jarrell (unregistered distributions, 2016) SEC 2016-06-13 Unregistered Distributions $150k settled
SEC v. Wayne L. Palmer (ponzi schemes, 2016) SEC 2016-06-13 Ponzi Schemes $1.1m judgment
SEC v. Gary C. Heath (Dynkowski penny stock manipulation, 2016) SEC 2016-06-09 Pump And Dump $83.2k judgment
SEC v. Guolin Ma (insider trading, 2016) SEC 2016-06-09 Insider Trading $367k settled
SEC v. Michael J. Maciocio and David P. Hobson (insider trading, 2016) SEC 2016-06-08 Insider Trading — settled
SEC v. Vinay Kumar Nevatia (2016) SEC 2016-06-07 $630k judgment
Sydney man jailed on insider trading charges (ASIC, 2016) ASIC 2016-06-03 Insider Trading — judgment
CFTC v. Haena Park and Phaetra Capital (ponzi schemes, 2016) CFTC 2016-06-03 Ponzi Schemes $175k judgment
OSC v. Andrei Miguel Postrado (insider trading, 2016) OSC 2016-06-03 Insider Trading — settled
SEC v. Peter D. Nunan (insider trading, 2016) SEC 2016-06-03 Insider Trading $255k settled
SEC v. Jack Halperin (Spongetech pump and dump, 2016) SEC 2016-06-02 Pump And Dump $100k judgment
SEC v. Albert Fried & Company, LLC (2016) SEC 2016-06-01 $300k settled
SEC v. Steven V. McClatchey and Gary J. Pusey (insider trading, 2016) SEC 2016-06-01 Insider Trading — settled
SEC v. JSG Capital Investments, Gill and Rios (ponzi schemes, 2016) SEC 2016-05-31 Ponzi Schemes $5.7m settled
SEC v. Federated Global Investment Management Corp. (2016) SEC 2016-05-27 $1.5m settled
SEC v. Christopher R. Esposito, et al. (undisclosed control blocks, 2016) SEC 2016-05-26 Undisclosed Control Blocks , Unregistered Distributions $1.9m judgment
CFTC v. Citibank (benchmark submission rigging, 2016) CFTC 2016-05-25 Benchmark Submission Rigging , Price Manipulation $175m judgment
SEC v. David B. Kaplan and Synchronized Organizational Solutions (ponzi schemes, 2016) SEC 2016-05-19 Ponzi Schemes $300k settled
OSC v. Fernando Postrado (insider trading, 2016) OSC 2016-05-17 Insider Trading — settled
SEC v. John Patrick O'Neill (insider trading, 2016) SEC 2016-05-13 Insider Trading — judgment
SEC v. Imran Husain, et al. (shell factories, 2016) SEC 2016-05-12 Shell Factories — filed
SEC v. Louis Martin Blazer III (2016) SEC 2016-05-06 — settled
FCA v. Mark Samuel Taylor (insider trading, 2016) FCA 2016-05-05 Insider Trading — settled
SEC v. Marquis Properties LLC, Chad Deucher and Richard Clatfelter (ponzi schemes, 2016) SEC 2016-05-05 Ponzi Schemes $130k settled
SEC v. Richard St. Julien et al. (paid stock promotion, 2016) SEC 2016-05-03 Paid Stock Promotion — settled
AMF France v. Sofra and A (insider trading, 2016) AMF (France) 2016-04-27 Insider Trading — judgment
SEC v. Asher Z. Zwebner, Luke C. Zouvas and others (pump and dump, 2016) SEC 2016-04-26 Pump And Dump , Shell Factories $150k judgment
SEC v. Sky Capital LLC, Ross Mandell and others (boiler rooms, 2016) SEC 2016-04-22 Boiler Rooms — judgment
SEC v. Ener1, Inc. (2016) SEC 2016-04-19 $180k settled
SEC v. Ariel Quiros, William Stenger and Jay Peak (ponzi schemes, 2016) SEC 2016-04-14 Ponzi Schemes $1m settled
SEC v. John Afriyie (insider trading, 2016) SEC 2016-04-14 Insider Trading — unknown
SEC v. Town of Ramapo and others (municipal bond disclosure, 2016) SEC 2016-04-14 $362k judgment
SEC v. Efim Aksanov (pump and dump, 2016) SEC 2016-04-12 Pump And Dump — judgment
SEC v. William E. Mapp, III, et al. (paid stock promotion, 2016) SEC 2016-04-11 Paid Stock Promotion $200k settled
FCA v. Paul White (benchmark submission rigging, 2016) FCA 2016-04-08 Benchmark Submission Rigging — judgment
SEC v. David Aubel and Robert Raffa (pump and dump, 2016) SEC 2016-04-07 Pump And Dump , Undisclosed Control Blocks $150k judgment
SEC v. Edward Laborio, et al. (boiler rooms, 2016) SEC 2016-04-07 Boiler Rooms — judgment
CFTC v. Heet Khara and Nasim Salim (spoofing, 2016) CFTC 2016-04-05 Spoofing $2.7m judgment
CFTC v. Michael Pucciarelli and Badge Trading LLC (non-bona fide exchange for physical transactions, 2016) CFTC 2016-04-05 $280k settled
SEC v. Steve Pappas (2016) SEC 2016-04-05 $50k settled
SEC v. John Scott Clark (2016) SEC 2016-03-31 — settled
SEC v. Christopher M. Gibson (front running, 2016) SEC 2016-03-29 Front Running — dismissed
SEC v. Tobin Smith, et al. (paid stock promotion, 2016) SEC 2016-03-29 Paid Stock Promotion $75k settled
SEC v. Arcturus Corporation, et al. (unregistered distributions, 2016) SEC 2016-03-24 Unregistered Distributions — judgment
SEC v. Canaccord Genuity Inc. (2016) SEC 2016-03-24 $100k settled
SEC v. Daniel Rivera, Matthew Rivera and Robbins Lane (ponzi schemes, 2016) SEC 2016-03-24 Ponzi Schemes $260k settled
SEC v. Guy Gentile (paid stock promotion, 2016) SEC 2016-03-23 Paid Stock Promotion — filed
SEC v. Gedrey Thompson (ponzi schemes, 2016) SEC 2016-03-21 Ponzi Schemes — judgment
SEC v. John E. Hardy III (insider trading, 2016) SEC 2016-03-18 Insider Trading $184k settled
SEC v. Eric J. Wolff (insider trading, 2016) SEC 2016-03-16 Insider Trading $87.6k settled
SEC v. Yue Han, et al. (insider trading, 2016) SEC 2016-03-16 Insider Trading — judgment
SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-03-15 Ponzi Schemes $160k judgment
SEC v. Royal Alliance Associates, Inc., SagePoint Financial, Inc. and FSC Securities Corporation (2016) SEC 2016-03-14 $7.5m settled
Former Hanlong managing director sentenced to more than 8 years jail for insider trading (ASIC, 2016) ASIC 2016-03-11 Insider Trading — judgment
SEC v. Aequitas Management, LLC, et al. (ponzi schemes, 2016) SEC 2016-03-11 Ponzi Schemes — settled
SEC v. PTG Capital Partners LTD, et al. (sham tender offers, 2016) SEC 2016-03-11 EDGAR Filing Fraud , Sham Tender Offers $1.5m judgment
SEC v. Edwin Yoshihiro Fujinaga and MRI International, Inc., et al. (ponzi schemes, 2016) SEC 2016-03-09 Ponzi Schemes — judgment
SEC v. Delaney and Yancey (naked short selling debate, 2016) SEC 2016-03-07 Naked Short Selling Debate — judgment
SEC v. Daryl M. Payton, et al. (insider trading, 2016) SEC 2016-03-02 Insider Trading — judgment
SEC v. Craig N. Salamone (insider trading, 2016) SEC 2016-03-01 Insider Trading $4.7k settled
SEC v. Garfield M. Taylor (ponzi schemes, 2016) SEC 2016-03-01 Ponzi Schemes — judgment
SEC v. Zachary Zwerko and David L. Post (insider trading, 2016) SEC 2016-03-01 Insider Trading — judgment
Court reduces jail time for New South Wales man sentenced for market manipulation (ASIC, 2016) ASIC 2016-02-29 Matched Orders , Price Manipulation — judgment
SEC v. Bonan Huang, et al. (insider trading, 2016) SEC 2016-02-26 Insider Trading $8.8m judgment
SEC v. Steven Fishoff, et al. (insider trading, 2016) SEC 2016-02-24 Insider Trading — judgment
SEC v. IBC Funds, LLC (unregistered distributions, 2016) SEC 2016-02-19 Unregistered Distributions $250k settled
SEC v. Nicholas A. Prezioso (insider trading, 2016) SEC 2016-02-19 Insider Trading $131k settled
SEC v. L&L Energy, Inc. and Dickson Lee, CPA (undisclosed control blocks, 2016) SEC 2016-02-17 Undisclosed Control Blocks $2.7m judgment
SEC v. Randy A. Hamdan and Oracle Consultants, LLC (fake press releases, 2016) SEC 2016-02-17 Fake Press Releases , Pump And Dump $150k judgment
SEC v. Zavodchiko et al. (hack to trade, 2016) SEC 2016-02-17 Hack To Trade $58.1m judgment
SEC v. Abdallah Fadel (insider trading, 2016) SEC 2016-02-10 Insider Trading $36k settled
SEC v. Jarrod L. Spector (insider trading, 2016) SEC 2016-02-09 Insider Trading $21.4k settled
SEC v. Scription Work Solutions, Inc. (undisclosed control blocks, 2016) SEC 2016-02-09 Undisclosed Control Blocks — judgment
CFTC v. 4X Solutions and Whileon Chay (ponzi schemes, 2016) CFTC 2016-02-08 Ponzi Schemes $8.2m judgment
SEC v. Robert M. Munakash, Carlos A. Rodriguez, and Marc Winters (insider trading, 2016) SEC 2016-02-08 Insider Trading $275k settled
Perth man charged with insider trading appears in court (ASIC, 2016) ASIC 2016-02-04 Insider Trading — judgment
SEC v. Vlad B. Spivak, et al. (insider trading, 2016) SEC 2016-01-27 Insider Trading $334k settled
SEC v. Marquis Properties, Deucher and Clatfelter (ponzi schemes, 2016) SEC 2016-01-19 Ponzi Schemes — settled
SEC v. Goldman, Sachs & Co. (naked short selling debate, 2016) SEC 2016-01-14 Naked Short Selling Debate $15m settled
CFTC v. Defendant Nikolai S. Battoo (2016) CFTC 2016-01-13 $147m judgment
SEC v. Reid A. Hackney, CPA (insider trading, 2016) SEC 2016-01-12 Insider Trading $48.1k settled