Market manipulation enforcement actions filed in 2022

This library records 492 market manipulation enforcement actions filed in 2022, brought by ASIC, CFTC, OSC, SEBI, 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: $3.4m
Median penalty: $227k
Largest: $812k
Criminal parallel: 16%

Action	Agency	Filed	Technique	Penalty	Status
SEBI v. Sonal Vijay Mehta (Radha Madhav Corporation, 2022)	SEBI (India)	2022-12-30	Price Manipulation	—	judgment
SEBI v. Sorabh Mahesh Gupta (Radha Madhav Corporation, 2022)	SEBI (India)	2022-12-30	Price Manipulation	—	judgment
SEBI v. Madhuben Prafulbhai Patel (Radhe Developers, 2022)	SEBI (India)	2022-12-30	Insider Trading	—	judgment
SEBI v. MBL & Company Ltd and Asiatic Portfolio Ltd (C Mahendra Exports, 2022)	SEBI (India)	2022-12-30	Price Manipulation	—	judgment
SEBI v. Ashishbhai Prafulbhai Patel (insider trading, Radhe Developers, 2022)	SEBI (India)	2022-12-30	Insider Trading	—	judgment
SEBI v. Ilesh Madhusudan Patel and others (SFL International, 2022)	SEBI (India)	2022-12-29	Price Manipulation , Matched Orders	—	judgment
SEBI v. Rishabh Mahendra Shah and others (Mangalam Industrial Finance, 2022)	SEBI (India)	2022-12-29	Matched Orders , Price Manipulation	—	judgment
SEBI v. Shailesh Lalman Ojha and others (Radford Global, review order, 2022)	SEBI (India)	2022-12-29	Price Manipulation	—	judgment
SEBI v. Karuturi Subrahmanya Chowdary and others (Apex Frozen Foods, 2022)	SEBI (India)	2022-12-29	Insider Trading	—	judgment
SEBI v. Consortium Capital Pvt Ltd and others (Kotak Mahindra and Axis Bank call options, 2022)	SEBI (India)	2022-12-29	Matched Orders	—	dismissed
SEBI v. Harsha Jagdishbhai Parmar and others (Darshan Orna circular trades and funding, 2022)	SEBI (India)	2022-12-28	Matched Orders , Pump And Dump	—	judgment
SEBI v. Henal C Patel and others (Exdon Trading Company, 2022)	SEBI (India)	2022-12-27	Price Manipulation	—	judgment
SEBI v. Mukesh Parekh and Archana Mukesh Parekh (front running Tata Absolute Return Fund, 2022)	SEBI (India)	2022-12-26	Front Running	—	settled
ASIC v. Vaughan Bowen (insider trading, 2022)	ASIC	2022-12-23	Insider Trading	—	dismissed
SEBI v. Naresh Ramniklal Mehta and Pallavi Naresh Mehta (Deepak Fertilizers, 2022)	SEBI (India)	2022-12-22	Insider Trading	—	judgment
SEBI v. Pradeep Kumar Sharma (Vaibhav Global insider trading allegation, 2022)	SEBI (India)	2022-12-21	Insider Trading	—	dismissed
SEBI v. Shailesh Pednekar and others (Cox and Kings Financial Service directors, 2022)	SEBI (India)	2022-12-21	Misleading Issuer Disclosure	—	judgment
SEC v. Caroline Ellison and Zixiao "Gary" Wang (price manipulation, 2022)	SEC	2022-12-21	Price Manipulation	—	settled
SEC v. Lawrence Billimek and Alan Williams (front running, 2022)	SEC	2022-12-20	Front Running	—	settled
West Australian man arrested, charged with insider trading offences (ASIC, 2022)	ASIC	2022-12-19	Insider Trading	—	judgment
SEBI v. Pankaj Kumar and others (Geodesic Ltd false accounts, 2022)	SEBI (India)	2022-12-19	Misleading Issuer Disclosure	—	judgment
SEBI v. Hanif Shekh and others (Darshan Orna bulk-SMS scheme, final order, 2022)	SEBI (India)	2022-12-19	Pump And Dump	—	judgment
SEC v. Honeywell International Inc. (foreign bribery, 2022)	SEC	2022-12-19		—	unknown
SEBI v. SecureKloud Technologies Ltd and others (falsified accounts, 2022)	SEBI (India)	2022-12-16	Misleading Issuer Disclosure	—	judgment
SEBI v. Santosh Maruti Patil (Spectacle Industries, 2022)	SEBI (India)	2022-12-16	Wash Trading , Matched Orders +1	—	judgment
CFTC v. Glen Point Capital and Neil Phillips (price manipulation, 2022)	CFTC	2022-12-15	Price Manipulation	—	filed
SEBI v. Preyashbhai Sathvara and others (Millitoons Entertainment, 2022)	SEBI (India)	2022-12-15	Matched Orders , Price Manipulation	—	judgment
SEBI v. Ejecta Marketing Ltd and others (misuse of preferential issue proceeds, 2022)	SEBI (India)	2022-12-15	Misleading Issuer Disclosure	—	judgment
Former Courtenay House contractor pleads guilty (ASIC, 2022)	ASIC	2022-12-14	Ponzi Schemes	—	judgment
SEC v. Edward Constantin, et al. (social media ramps, 2022)	SEC	2022-12-14	Social Media Ramps	—	filed
CFTC v. Walleye Capital LLC (spoofing, 2022)	CFTC	2022-12-12	Spoofing	$550k	judgment
SEC v. In Ovations Holdings, Inc. and Mark Goldberg (fake press releases, 2022)	SEC	2022-12-09	Fake Press Releases	—	judgment
SEBI v. Cox and Kings Financial Service Ltd (overstated profit, 2022)	SEBI (India)	2022-12-07	Misleading Issuer Disclosure	—	judgment
SEC v. Vincent Issier (insider trading, 2022)	SEC	2022-12-06	Insider Trading	$6.3k	settled
SEBI v. Urmila Debi (order-book manipulation in Krishana Fabrics, 2022)	SEBI (India)	2022-12-06	Spoofing	—	judgment
SEBI v. Mainak Comtrade Pvt Ltd and others (Dhyana Finstock, whole-time member order, 2022)	SEBI (India)	2022-12-05	Price Manipulation	—	judgment
SEBI v. Austral Coke and Projects Ltd and others (IPO proceeds, 2022)	SEBI (India)	2022-12-05	Misleading Issuer Disclosure , Wash Trading	—	judgment
SEC v. Joseph R. Earle Jr, Barry D. Reagh, William Clayton, Francis T. Dudley, Steven E. Bryant, Upper Street Marketing, Inc. and Project Growth International, Inc. (boiler rooms, 2022)	SEC	2022-12-05	Boiler Rooms , Pump And Dump	—	filed
SEC v. PFP Entrust Corp. (unregistered distributions, 2022)	SEC	2022-12-05	Unregistered Distributions	$255k	settled
SEBI v. Labdhi Enterprises and Falguni Ketan Parekh (front running Tata Absolute Return Fund, 2022)	SEBI (India)	2022-12-02	Front Running	—	settled
CFTC v. Jeremy Spence (ponzi schemes, 2022)	CFTC	2022-12-01	Ponzi Schemes	—	judgment
SEBI v. Krupa Sanjay Soni and others (Parichay Investments, 2022)	SEBI (India)	2022-11-30	Matched Orders , Wash Trading +1	—	judgment
SEBI v. Mainak Comtrade Pvt Ltd and others (Dhyana Finstock, adjudication, 2022)	SEBI (India)	2022-11-30	Price Manipulation	—	judgment
SEBI v. Mystic Electronics Ltd and others (preferential issue proceeds, 2022)	SEBI (India)	2022-11-30	Misleading Issuer Disclosure	—	judgment
SEC v. Yinghang "James" Yang and Yuanbiao Chen (insider trading, 2022)	SEC	2022-11-30	Insider Trading	$246k	judgment
SEBI v. ARG Management Solutions Pvt Ltd (alleged price manipulation in Radha Madhav Corporation, 2022)	SEBI (India)	2022-11-30	Price Manipulation	—	dismissed
SEBI v. Shanta Rathi and Biradar Khande Rao (Sawaca Business Machines, 2022)	SEBI (India)	2022-11-29	Wash Trading , Price Manipulation	—	judgment
SEBI v. Amrut Dredging and Shipping Ltd and others (Sarang Chemicals trading group, 2022)	SEBI (India)	2022-11-29	Matched Orders , Price Manipulation	—	judgment
SEBI v. Anil Kumar and others (CCL International, 2022)	SEBI (India)	2022-11-29	Matched Orders , Price Manipulation	—	judgment
SEBI v. N & N Financial Consultants Pvt Ltd and Novak Exim Overseas Pvt Ltd (alleged false reason on transfer slips, 2022)	SEBI (India)	2022-11-29		—	dismissed
SEBI v. Ashlesh Gunvantbhai Shah HUF and others (Interactive Financial Services price manipulation, 2022)	SEBI (India)	2022-11-28	Price Manipulation	—	judgment
SEBI v. PFL Infotech Ltd and others (PFL Infotech price manipulation, 2022)	SEBI (India)	2022-11-28	Price Manipulation	—	judgment
SEC v. Legal & General Investment Management America, Inc. (cross trading, 2022)	SEC	2022-11-21		$500k	settled
Former Tesla Motors Australia director pleads guilty to insider trading (ASIC, 2022)	ASIC	2022-11-16	Insider Trading	—	judgment
SEBI v. Shruti Vora and others (WhatsApp circulation of Tata Motors results, 2022)	SEBI (India)	2022-11-16	Insider Trading	—	dismissed
SEBI v. Malcolm Mehta and others (Accel Frontline financial statements, 2022)	SEBI (India)	2022-11-16	Misleading Issuer Disclosure	—	settled
SEC v. Charles Rustin Holzer, Fernando Motta Moraes (insider trading, 2022)	SEC	2022-11-16	Insider Trading	$812k	judgment
SEC v. Adrian J. Kawuba (ponzi schemes, 2022)	SEC	2022-11-14	Ponzi Schemes	—	judgment
SEBI v. Amrapali Aadya Trading & Investment Pvt Ltd and Aadya Commodities Pvt Ltd (broker misuse of client assets, 2022)	SEBI (India)	2022-11-14		—	judgment
SEBI v. Shailendra Mehta, Shruti Vora and Varun Khandelwal (WhatsApp circulation of HDFC Bank results, 2022)	SEBI (India)	2022-11-10	Insider Trading	—	dismissed
SEC v. Brian Wong (insider trading, 2022)	SEC	2022-11-10	Insider Trading	—	settled
SEC v. Infinity Q Diversified Alpha Fund (mismarking, 2022)	SEC	2022-11-10	Mismarking	—	settled
OSC v. Cormark Securities Inc., William Jeffrey Kennedy, Marc Judah Bistricer and Saline Investments Ltd. (2022)	OSC	2022-11-09		—	dismissed
SEC v. PIC Renegade Properties, LLC (unregistered distributions, 2022)	SEC	2022-11-09	Unregistered Distributions	$400k	settled
Former Courtenay House director pleads guilty to conducting $180 million Ponzi scheme (ASIC, 2022)	ASIC	2022-11-08	Ponzi Schemes	—	judgment
SEC v. Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault (ponzi schemes, 2022)	SEC	2022-11-04	Ponzi Schemes	—	filed
SEC v. Paul Geraci (boiler rooms, 2022)	SEC	2022-11-04	Boiler Rooms	—	judgment
SEC v. Michael E. Mueller (insider trading, 2022)	SEC	2022-11-04	Insider Trading	$52.1k	settled
SEC v. Jeremy K. Rounsville (Arbitraging.co offering fraud, 2022)	SEC	2022-11-03		$207k	settled
SEC v. Syed Arham Arbab, Tomas Javier Jimenez, Blake Douglas McKinney, Mushfiqur Rahman, John Ryan Shows, and William Carl Spagnoli (2022)	SEC	2022-11-01		$165k	settled
SEBI v. Parthiv Dalal and Shruti Vora (WhatsApp circulation of ITC results, 2022)	SEBI (India)	2022-10-31	Insider Trading	—	dismissed
SEBI v. Gautham Lokande and Ajay Kalia (DLF joint venture information, 2022)	SEBI (India)	2022-10-31	Insider Trading	—	dismissed
SEBI v. Mehul C. Choksi (Gitanjali Gems front entities, 2022)	SEBI (India)	2022-10-31	Price Manipulation	—	judgment
SEBI v. Pragyan Realty Pvt Ltd and others (Sunstar Realty price fall, 2022)	SEBI (India)	2022-10-31	Price Manipulation , Matched Orders	—	judgment
SEBI v. Narendra Ramanlal Shah and others (Universal Credit and Securities SMS tips, 2022)	SEBI (India)	2022-10-31	Price Manipulation , Pump And Dump	—	judgment
SEBI v. Ishita Guha (alleged misleading merger news report, 2022)	SEBI (India)	2022-10-31	False Rumors	—	dismissed
SEBI v. Ficus Securities Pvt Ltd and others (broker misuse of client funds and securities, 2022)	SEBI (India)	2022-10-31		—	judgment
SEBI v. Jagdish Chandra Sharma (Sobha Ltd insider trading, 2022)	SEBI (India)	2022-10-28	Insider Trading	—	judgment
SEBI v. Anil Finature Pvt Ltd and others (Omnitech Infosolutions price rise, 2022)	SEBI (India)	2022-10-28	Price Manipulation	—	judgment
SEBI v. JMD Telefilms Industries Ltd and others (funding of preferential allottees, 2022)	SEBI (India)	2022-10-28		—	judgment
SEBI v. RFL International Ltd and Anish Shah (share certificates without allotment, 2022)	SEBI (India)	2022-10-28		—	judgment
SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2022)	SEC	2022-10-27	Boiler Rooms	—	judgment
SEBI v. Finquest Securities Pvt Ltd (broker and circular trades in Seshasayee Paper, 2022)	SEBI (India)	2022-10-25	Wash Trading	—	dismissed
SEC v. Scott A. Woodward, CPA (insider trading, 2022)	SEC	2022-10-25	Insider Trading	$21.3k	settled
SEBI v. Tejas Harshadbhai Patel and Nandita Tejaskumar Patel (A.M. Febcon insider trading, 2022)	SEBI (India)	2022-10-21	Insider Trading	—	judgment
SEBI v. Kanchan Jena and others (front running of Deutsche Mutual Fund, 2022)	SEBI (India)	2022-10-21	Front Running	—	judgment
SEBI v. The Bombay Dyeing & Manufacturing Company Ltd and others (inflated financial statements, 2022)	SEBI (India)	2022-10-21	Misleading Issuer Disclosure	—	judgment
SEBI v. ACIL Cotton Industries Ltd and others (misused auditor identity, 2022)	SEBI (India)	2022-10-21	Misleading Issuer Disclosure	—	judgment
SEBI v. Aadhaar Ventures India Ltd and Viaggio Traders Pvt Ltd (alleged funding of preferential allotment, 2022)	SEBI (India)	2022-10-21		—	dismissed
SEBI v. Secunderabad Healthcare Ltd (warrant conversion allotments, 2022)	SEBI (India)	2022-10-20		—	dismissed
SEBI v. Preyashbhai Sathvara and others (PS IT Infrastructure SMS tip allegation, 2022)	SEBI (India)	2022-10-18	Price Manipulation	—	dismissed
SEC v. Brent David Willis (2022)	SEC	2022-10-18		$175k	settled
SEC v. Kevin B. Merrill, et al. (ponzi schemes, 2022)	SEC	2022-10-18	Ponzi Schemes	—	judgment
SEBI v. F6 Finserve Pvt. Ltd. and others (broker pledging client securities, 2022)	SEBI (India)	2022-10-18		—	judgment
SEBI v. Shivamshree Businesses Ltd. and others (diversion of preferential issue proceeds, 2022)	SEBI (India)	2022-10-18	Misleading Issuer Disclosure	—	judgment
CFTC v. Stephen Walsh and Paul Greenwood (ponzi schemes, 2022)	CFTC	2022-10-17	Ponzi Schemes	—	judgment
SEC v. National Realty Investment Advisors LLC, Rey E. Grabato II, Daniel Coley O'Brien, Thomas Nicholas Salzano and others (ponzi schemes, 2022)	SEC	2022-10-14	Ponzi Schemes	—	filed
SEBI v. Pentasoft Technologies Ltd and others (GDR issue, 2022)	SEBI (India)	2022-10-14	Misleading Issuer Disclosure	—	judgment
SEBI v. Amrut Securities Ltd and others (Sarang Chemicals disgorgement, 2022)	SEBI (India)	2022-10-12	Price Manipulation , Matched Orders	—	judgment
SEBI v. Quasar India Ltd and others (misuse of preferential issue funds, 2022)	SEBI (India)	2022-10-10	Misleading Issuer Disclosure	—	judgment