Market Manipulation. Search

Market manipulation enforcement actions filed in 2018

This library records 245 market manipulation enforcement actions filed in 2018, 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
45
Total penalties
$151m
Median penalty
$348k
Largest
$70m
Criminal parallel
36%
Action Agency Filed Technique Penalty Status
SEC v. Shane P. Fleming, et al. (insider trading, 2018) SEC 2018-04-04 Insider Trading — settled
SEC v. Sohrab ("Sam") Sharma and Robert Farkas (unregistered distributions, 2018) SEC 2018-04-02 Unregistered Distributions , Price Manipulation — judgment
OSC v. Martin Bernholtz (insider trading, 2018) OSC 2018-03-29 Insider Trading — settled
OSC v. David Tuan Seng Lim and Michael Mugford (pump and dump, 2018) OSC 2018-03-28 Pump And Dump , Paid Stock Promotion — judgment
SEC v. Aegis Capital Corporation (2018) SEC 2018-03-28 $750k settled
SEC v. Nauman A. Aly (sham tender offers, 2018) SEC 2018-03-28 EDGAR Filing Fraud , Sham Tender Offers — judgment
SEC v. Terracciano and Eugene (2018) SEC 2018-03-28 $20k settled
SEC v. Timary Delorme (pump and dump, 2018) SEC 2018-03-27 Pump And Dump , Matched Orders $50k settled
SEC v. Joseph Spera, et al. (insider trading, 2018) SEC 2018-03-26 Insider Trading — settled
SEC v. Jon E. Montroll and Bitfunder (unregistered distributions, 2018) SEC 2018-03-23 Unregistered Distributions — settled
SEC v. Jun Ying (insider trading, 2018) SEC 2018-03-22 Insider Trading — judgment
SEC v. Robert W. Murray (sham tender offers, 2018) SEC 2018-03-22 EDGAR Filing Fraud , Sham Tender Offers — settled
SEC v. Steven Metro (insider trading, 2018) SEC 2018-03-19 Insider Trading $25k judgment
SEC v. Beaufort Securities Ltd. and others (matched orders, 2018) SEC 2018-03-16 Matched Orders , Pump And Dump — settled
SEC v. Spark Trading Group LLC and Niket Shah (ponzi schemes, 2018) SEC 2018-03-12 Ponzi Schemes $371k judgment
SEC v. Merrill Lynch and Pierce and Fenner & Smith Incorporated (unregistered distributions, 2018) SEC 2018-03-08 Unregistered Distributions $1.3m settled
SEC v. New York Stock Exchange LLC, NYSE American LLC and NYSE Arca, Inc. (2018) SEC 2018-03-06 $14m settled
SEC v. Stefan Lumiere (mismarking, 2018) SEC 2018-03-05 Mismarking — judgment
SEC v. AmeraTex Energy, Inc., et al (unregistered distributions, 2018) SEC 2018-02-28 Unregistered Distributions — settled
SEC v. Analytica Bio-Energy Corp., Douglas Murdock, Luiz Brasil and Marvin Winick (undisclosed control blocks, 2018) SEC 2018-02-28 Undisclosed Control Blocks — settled
SEC v. Yang Xie (insider trading, 2018) SEC 2018-02-28 Insider Trading $6.7k settled
SEC v. Eric McPhail, et al. (insider trading, 2018) SEC 2018-02-20 Insider Trading $192k judgment
FCA v. Guillaume Adolph (benchmark submission rigging, 2018) FCA 2018-02-15 Benchmark Submission Rigging — settled
SEC v. Ara Chackerian (insider trading, 2018) SEC 2018-02-12 Insider Trading $157k settled
SEC v. Geoffrey H. Lunn (2018) SEC 2018-02-12 $5.5m judgment
Operators of 'binary options trading boiler room' banned following conviction (ASIC, 2018) ASIC 2018-02-08 — unknown
CFTC v. Deutsche Bank Securities Inc. (benchmark submission rigging, 2018) CFTC 2018-02-01 Benchmark Submission Rigging , Price Manipulation $70m judgment
ASIC commences civil penalty proceedings against Commonwealth Bank of Australia for BBSW conduct (2018) ASIC 2018-01-30 Price Manipulation — settled
SEC v. Daniel T. Fischer (churning, 2018) SEC 2018-01-30 Churning — settled
CFTC v. Andre Flotron (spoofing, 2018) CFTC 2018-01-29 Spoofing $100k settled
CFTC v. Deutsche Bank (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $30m judgment
CFTC v. HSBC Securities (USA) Inc. (spoofing, 2018) CFTC 2018-01-29 Spoofing $1.6m judgment
CFTC v. James Vorley and Cedric Chanu (spoofing, 2018) CFTC 2018-01-29 Spoofing $300k settled
CFTC v. Jiongsheng Zhao (spoofing, 2018) CFTC 2018-01-29 Spoofing — settled
CFTC v. Jitesh Thakkar and Edge Financial Technologies (spoofing, 2018) CFTC 2018-01-29 Spoofing $48.4k settled
CFTC v. Krishna Mohan (spoofing, 2018) CFTC 2018-01-29 Spoofing — settled
CFTC v. UBS (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $15m judgment
SEC v. One or More Unknown Traders in the Securities of Bioverativ, Inc. (insider trading, 2018) SEC 2018-01-26 Insider Trading $9.9m judgment
SEC v. Ash Narayan, The Ticket Reserve Inc. a/k/a Forward Market Media, Inc., Richard M. Harmon, and John A. Kaptrosky (ponzi schemes, 2018) SEC 2018-01-22 Ponzi Schemes $325k judgment
CFTC v. Dean and The Entrepreneurs Headquarters (ponzi schemes, 2018) CFTC 2018-01-18 Ponzi Schemes $1.5m judgment
CFTC v. Crater, Gillespie and My Big Coin Pay (ponzi schemes, 2018) CFTC 2018-01-16 Ponzi Schemes — settled
SEC v. David S. Haddad, et al. (ponzi schemes, 2018) SEC 2018-01-11 Ponzi Schemes $181k judgment
AMF France v. Scientex (insider trading, 2018) AMF (France) 2018-01-10 Insider Trading — settled
AMF France v. Timothée Muller (insider trading, 2018) AMF (France) 2018-01-10 Insider Trading — settled
FCA v. Neil Danziger (benchmark submission rigging, 2018) FCA 2018-01-08 Benchmark Submission Rigging , Wash Trading — judgment