Home / Cases / 2016 / Page 2 Market manipulation enforcement actions filed in 2016 This library records 198 market manipulation enforcement actions filed in 2016, brought by 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 98
Total penalties $373m
Median penalty $225k
Largest $175m
Criminal parallel 37% Action Agency Filed Technique Penalty Status 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 CFTC v. Naples (ponzi schemes, 2016) CFTC 2016-07-06 Ponzi Schemes $7.5m judgment SEC v. Luis Martin-Caro Sanchez (insider trading, 2016) SEC 2016-07-05 Insider Trading — filed CFTC v. Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Entities (ponzi schemes, 2016) CFTC 2016-06-29 Ponzi Schemes — filed SEC v. Andrew F. Kerr (insider trading, 2016) SEC 2016-06-29 Insider Trading — filed SEC v. Chris Faulkner, et. al (price manipulation, 2016) SEC 2016-06-24 Price Manipulation — filed 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 — judgment SEC v. StratoComm Corporation, et al. (unregistered distributions, 2016) SEC 2016-06-17 Unregistered Distributions $100k appealed SEC v. Christopher Salis, Douglas Miller, Edward Miller, and Barrett Biehl (insider trading, 2016) SEC 2016-06-16 Insider Trading — filed SEC v. Andrew K. Proctor, et al. (pump and dump, 2016) SEC 2016-06-14 Pump And Dump $910k judgment SEC v. 2 West, Inc. (rule 105 offering shorts, 2016) SEC 2016-06-14 Rule 105 Offering Shorts $707k 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 — judgment SEC v. Wayne L. Palmer (ponzi schemes, 2016) SEC 2016-06-13 Ponzi Schemes $900k judgment SEC v. Dynkowski, et al. (pump and dump, 2016) SEC 2016-06-09 Pump And Dump $83.2k judgment SEC v. Guolin Ma (insider trading, 2016) SEC 2016-06-09 Insider Trading — settled SEC v. Michael J. Maciocio and David P. Hobson (insider trading, 2016) SEC 2016-06-08 Insider Trading — filed SEC v. Vinay Kumar Nevatia (naked short selling debate, 2016) SEC 2016-06-07 Naked Short Selling Debate — judgment SEC v. Richard Grossman (insider trading, 2016) SEC 2016-06-06 Insider Trading — judgment CFTC v. Haena Park and Her Companies Phaetra Capital GP LLC (ponzi schemes, 2016) CFTC 2016-06-04 Ponzi Schemes — filed Sydney man jailed on insider trading charges (ASIC, 2016) ASIC 2016-06-03 Insider Trading — filed SEC v. Peter D. Nunan (insider trading, 2016) SEC 2016-06-03 Insider Trading $255k settled OSC v. Andrei Miguel Postrado (insider trading, 2016) OSC 2016-06-03 Insider Trading — unknown SEC v. Spongetech Delivery Systems, Inc., et al. (pump and dump, 2016) SEC 2016-06-02 Pump And Dump $100k judgment SEC v. Albert Fried & Company, LLC (paid stock promotion, 2016) SEC 2016-06-01 Pump And Dump $300k settled SEC v. Steven V. McClatchey and Gary J. Pusey (insider trading, 2016) SEC 2016-06-01 Insider Trading — judgment SEC v. JSG Capital Investments, LLC, et al. (ponzi schemes, 2016) SEC 2016-05-31 Ponzi Schemes — filed SEC v. David B. Kaplan, Esq., et al. (ponzi schemes, 2016) SEC 2016-05-27 Ponzi Schemes — unknown SEC v. Federated Global Investment Management Corp. (insider trading, 2016) SEC 2016-05-27 Insider Trading $1.5m settled CFTC v. Citibank (benchmark submission rigging, 2016) CFTC 2016-05-26 Benchmark Submission Rigging , Price Manipulation $175m judgment SEC v. Christopher R. Esposito, et al. (paid stock promotion, 2016) SEC 2016-05-26 Paid Stock Promotion — filed OSC v. Fernando Postrado (insider trading, 2016) OSC 2016-05-17 Insider Trading — unknown SEC v. John Patrick O'Neill (insider trading, 2016) SEC 2016-05-13 Insider Trading — unknown SEC v. Imran Husain, et al. (paid stock promotion, 2016) SEC 2016-05-12 Paid Stock Promotion , Shell Factories — unknown SEC v. Louis Martin Blazer III (ponzi schemes, 2016) SEC 2016-05-06 Ponzi Schemes — 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 — filed SEC v. Pranav V. Patel (paid stock promotion, 2016) SEC 2016-05-03 Paid Stock Promotion — unknown SEC v. Asher Z. Zwebner and Luke C. Zouvas, et al. (paid stock promotion, 2016) SEC 2016-04-26 Paid Stock Promotion , Pump And Dump — unknown SEC v. Robert Grabowski (boiler rooms, 2016) SEC 2016-04-22 Boiler Rooms — judgment SEC v. Ener1, Inc. (insider trading, 2016) SEC 2016-04-19 Insider Trading $100k settled SEC v. Ariel Quiros, et al. (ponzi schemes, 2016) SEC 2016-04-14 Ponzi Schemes — unknown SEC v. John Afriyie (insider trading, 2016) SEC 2016-04-14 Insider Trading — unknown SEC v. Town of Ramapo, et al. (wash trading, 2016) SEC 2016-04-14 Wash Trading — filed 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 — unknown SEC v. David Aubel and Robert Raffa (paid stock promotion, 2016) SEC 2016-04-07 Paid Stock Promotion — unknown SEC v. Edward Laborio, et al. (boiler rooms, 2016) SEC 2016-04-07 Boiler Rooms — judgment CFTC v. CFTC Defendants Heet Khara (spoofing, 2016) CFTC 2016-04-06 Spoofing $2.7m judgment CFTC v. Staten Island-Resident Michael Pucciarelli and his Company (wash trading, 2016) CFTC 2016-04-06 Wash Trading $280k judgment SEC v. Steve Pappas (reverse merger schemes, 2016) SEC 2016-04-05 Reverse Merger Schemes $50k judgment SEC v. John Scott Clark (ponzi schemes, 2016) SEC 2016-03-31 Ponzi Schemes — filed SEC v. Daniel Rivera, et al. (ponzi schemes, 2016) SEC 2016-03-30 Ponzi Schemes $160k judgment SEC v. Gibson and Christopher M. (front running, 2016) SEC 2016-03-29 Front Running — unknown 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 — unknown SEC v. Canaccord Genuity Inc. (reverse merger schemes, 2016) SEC 2016-03-24 Reverse Merger Schemes — 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. Mark A. Jones (ponzi schemes, 2016) SEC 2016-03-16 Ponzi Schemes — filed SEC v. Yue Han, et al. (insider trading, 2016) SEC 2016-03-16 Insider Trading — judgment SEC v. Royal Alliance Associates, Inc. and Sagepoint Financial, Inc. and Fsc Securities Corporation (churning, 2016) SEC 2016-03-14 Churning $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 — dismissed SEC v. PTG Capital Partners LTD, et al. (sham tender offers, 2016) SEC 2016-03-11 EDGAR Filing Fraud , Sham Tender Offers — filed 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 others (naked short selling debate, 2016) SEC 2016-03-07 Naked Short Selling Debate — dismissed SEC v. Daryl M. Payton, et al. (insider trading, 2016) SEC 2016-03-02 Insider Trading — filed SEC v. Craig N. Salamone (insider trading, 2016) SEC 2016-03-01 Insider Trading $4.7k settled SEC v. Zachary Zwerko and David L. Post (insider trading, 2016) SEC 2016-03-01 Insider Trading — judgment SEC v. Garfield M. Taylor (ponzi schemes, 2016) SEC 2016-03-01 Ponzi Schemes — judgment Court reduces jail time for New South Wales man sentenced for market manipulation (ASIC, 2016) ASIC 2016-02-29 Matched Orders , Price Manipulation — unknown SEC v. Bonan Huang, et al. (insider trading, 2016) SEC 2016-02-26 Insider Trading — 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. 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. L&L Energy, Inc. and Dickson Lee, CPA (reverse merger schemes, 2016) SEC 2016-02-17 Reverse Merger Schemes $2.7m settled SEC v. Zavodchiko et al. (hack to trade, 2016) SEC 2016-02-17 Hack To Trade — filed SEC v. Abdallah Fadel (insider trading, 2016) SEC 2016-02-10 Insider Trading $36k settled CFTC v. unnamed respondents (ponzi schemes, 2016) CFTC 2016-02-09 Ponzi Schemes $8.2m judgment SEC v. Jarrod L. Spector (insider trading, 2016) SEC 2016-02-09 Insider Trading $21.4k settled SEC v. Scription Work Solutions, Inc. ( and others (undisclosed control blocks, 2016) SEC 2016-02-09 Undisclosed Control Blocks — judgment SEC v. Robert M. Munakash, Carlos A. Rodriguez, and Marc Winters (insider trading, 2016) SEC 2016-02-08 Insider Trading — filed Perth man charged with insider trading appears in court (ASIC, 2016) ASIC 2016-02-04 Insider Trading — filed SEC v. Vlad B. Spivak, et al. (insider trading, 2016) SEC 2016-01-27 Insider Trading — judgment SEC v. Marquis Properties, LLC (ponzi schemes, 2016) SEC 2016-01-21 Ponzi Schemes — unknown CFTC v. Defendant Nikolai S. Battoo (ponzi schemes, 2016) CFTC 2016-01-14 Ponzi Schemes $147m judgment SEC v. Goldman and Sachs & Co. (naked short selling debate, 2016) SEC 2016-01-14 Naked Short Selling Debate $15m settled SEC v. Reid A. Hackney, CPA (insider trading, 2016) SEC 2016-01-12 Insider Trading $48.1k settled OSC v. Paul Christopher Darrigo (churning, 2016) OSC 2016-01-08 Churning — dismissed SEC v. Vivian S. Shields (insider trading, 2016) SEC 2016-01-04 Insider Trading $71.4k settled
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