Market Manipulation. Search

Market manipulation enforcement actions filed in 2022

This library records 492 market manipulation enforcement actions filed in 2022, brought by ASIC, CFTC, FCA, 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
$19.1m
Median penalty
$401k
Largest
$3.2m
Criminal parallel
12%
Action Agency Filed Technique Penalty Status
SEC v. Justin Costello and David Ferraro (social media ramps, 2022) SEC 2022-10-06 Social Media Ramps — filed
SEBI v. Gautam Thapar and others (CG Power fund diversion and misstated accounts, 2022) SEBI (India) 2022-10-04 Misleading Issuer Disclosure — judgment
CFTC v. Adam Todd and Digitex entities (price manipulation, 2022) CFTC 2022-10-03 Price Manipulation — judgment
SEC v. Harpreet Saini and John Lester Mandac Natividad (insider trading, 2022) SEC 2022-10-03 Insider Trading — filed
SEC v. Kimberly Kardashian (paid stock promotion, 2022) SEC 2022-10-03 Paid Stock Promotion $1m settled
SEC v. Mauricio Chavez, Giorgio Benvenuto and CryptoFX, LLC (ponzi schemes, 2022) SEC 2022-10-03 Ponzi Schemes — filed
SEBI v. Nu Pharmalogics Private Limited (Secunderabad Healthcare warrants, dismissed on remand, 2022) SEBI (India) 2022-10-03 — dismissed
SEBI v. Shailendra Mehta (WhatsApp circulation of Infosys Ltd results, 2022) SEBI (India) 2022-09-30 Insider Trading — dismissed
SEBI v. Indian Infotech & Software Ltd and Varsha Murarka (misstated financials, 2022) SEBI (India) 2022-09-30 Misleading Issuer Disclosure — judgment
SEBI v. Ethan Constructions Pvt Ltd and others (Sanguine Media volume allegation, 2022) SEBI (India) 2022-09-30 Painting The Tape — dismissed
SEBI v. First Financial Services Ltd and others (preferential allotment price-rise scheme, 2022) SEBI (India) 2022-09-30 Price Manipulation — judgment
SEBI v. Ashok Jain and others (Richirich Agro share trading, 2022) SEBI (India) 2022-09-30 Matched Orders , Price Manipulation — dismissed
SEC v. Arbitrade Ltd., et al. (pump and dump, 2022) SEC 2022-09-30 Pump And Dump — filed
SEC v. Ari Lauer (ponzi schemes, 2022) SEC 2022-09-30 Ponzi Schemes — filed
SEC v. Jonathan William Mikula, et al. (paid stock promotion, 2022) SEC 2022-09-30 Paid Stock Promotion $1.6m settled
SEC v. Scott Lindell (mismarking, 2022) SEC 2022-09-30 Mismarking — settled
SEBI v. Vikash Metal & Power Ltd. and others (GDR issue penalties, 2022) SEBI (India) 2022-09-30 Misleading Issuer Disclosure — judgment
SEBI v. Wakeeta Commercial Pvt Ltd and others (Gokul Solutions share price, 2022) SEBI (India) 2022-09-29 Price Manipulation — judgment
SEBI v. Shailendra Mehta (WhatsApp circulation of Mindtree Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. Shailendra Mehta (WhatsApp circulation of Bata India Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. Aditya Omprakash Gaggar (WhatsApp circulation of Tata Chemicals Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. Neeraj Kumar Agarwal (WhatsApp circulation of Tata Consultancy Services Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. Shruti Vora (WhatsApp circulation of UltraTech Cement Ltd results, 2022) SEBI (India) 2022-09-29 Insider Trading — dismissed
SEBI v. S.K. Bhoan (Nakoda GDR issue, independent director, 2022) SEBI (India) 2022-09-29 Misleading Issuer Disclosure — judgment
SEBI v. Birla Pacific Medspa Ltd and others (IPO proceeds diversion and listing-day price support, 2022) SEBI (India) 2022-09-28 Misleading Issuer Disclosure , Price Manipulation — judgment
SEC v. Charles Parrino (false rumors, 2022) SEC 2022-09-28 False Rumors — settled
SEC v. Matthew Nicosia, William Reninger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2022) SEC 2022-09-28 Boiler Rooms , Pump And Dump $453k settled
SEC v. The Hydrogen Technology Corporation, Michael Ross Kane, and Tyler Ostern (paid crypto market making, 2022) SEC 2022-09-28 Paid Crypto Market Making $1.2m judgment
SEBI v. ARG Management Solutions Pvt Ltd (single-share buy orders, Nutraplus India, 2022) SEBI (India) 2022-09-27 Price Manipulation — judgment
SEC v. Christian J. Gonzalez (ponzi schemes, 2022) SEC 2022-09-27 Ponzi Schemes — settled
SEC v. James T. Patten, Peter L. Coker Sr. and Peter L. Coker Jr. (reverse merger schemes, 2022) SEC 2022-09-27 Reverse Merger Schemes , Price Manipulation — filed
SEC v. Damilare Sonoiki and Mark Wayne Ramsey (insider trading, 2022) SEC 2022-09-27 Insider Trading $15k judgment
SEBI v. Akkash Patni and others (Vikash Metal & Power GDR issue, 2022) SEBI (India) 2022-09-27 Misleading Issuer Disclosure — judgment
CFTC v. Randy Chen and Tanius Technology, LLC (spoofing, 2022) CFTC 2022-09-26 Spoofing $750k judgment
SEC v. Judith Paris-Pinder (ponzi schemes, 2022) SEC 2022-09-26 Ponzi Schemes — settled
SEC v. Sang N. Phan and Rich N. Phan (free riding and parking, 2022) SEC 2022-09-26 Free Riding And Parking $50k judgment
SEBI v. Manoj Chhaganalal Rathod HUF (order placement and deletion, Global Infratech and Finance, 2022) SEBI (India) 2022-09-26 Spoofing — judgment
CFTC v. COFCO Corp. and Chinatex Corp., Ltd. (wash trading, 2022) CFTC 2022-09-23 Wash Trading $720k judgment
SEBI v. Harishkumar Kantilal Patel and others (synchronized trades, Global Infratech and Finance, 2022) SEBI (India) 2022-09-23 Matched Orders — judgment
SEC v. Brian Lam, NineSquare Capital Partners LLC and others (2022) SEC 2022-09-23 $3.2m judgment
SEBI v. SKR Supreme Electronics and Trading Private Limited and others (Secunderabad Healthcare warrants, dismissed on remand, 2022) SEBI (India) 2022-09-23 — dismissed
SEBI v. Rajesh Pavithran (K Sera Sera GDR issues, 2022) SEBI (India) 2022-09-23 Misleading Issuer Disclosure — judgment
SEBI v. Bhavin Pradyumna Pandya and Rakesh Natavarlal Bhatt (bulk SMS and website tips, Global Infratech and Finance, 2022) SEBI (India) 2022-09-23 False Rumors — judgment
SEBI v. Ficus Securities Pvt. Ltd. (broker registration cancelled for misuse of client assets, 2022) SEBI (India) 2022-09-23 — judgment
SEC v. James Arthur McDonald, Jr. and Hercules Investments, LLC (ponzi schemes, 2022) SEC 2022-09-22 Ponzi Schemes — judgment
SEC v. Michael Weiss (insider trading, 2022) SEC 2022-09-22 Insider Trading — settled
SEC v. Sheng Fu and Ming Xu (insider trading, 2022) SEC 2022-09-21 Insider Trading $757k settled
SEC v. John P. Mendes, et al. (insider trading, 2022) SEC 2022-09-20 Insider Trading $51.6k settled
SEBI v. Vitan Agro Industries Ltd. and Dinanath Shyamsundar (diversion of preferential issue proceeds, 2022) SEBI (India) 2022-09-20 Misleading Issuer Disclosure — judgment
SEC v. Sparkster, Ltd. and Sajjad Daya (unregistered distributions, 2022) SEC 2022-09-19 Unregistered Distributions $750k settled
SEC v. Waddell & Reed, LLC (2022) SEC 2022-09-19 $200k settled
SEBI v. Shiva Kumar Komaravelli and others (price manipulation, Abhishek Infraventures, 2022) SEBI (India) 2022-09-16 Price Manipulation — judgment
SEC v. Nutra Pharma Corp. et al (unregistered distributions, 2022) SEC 2022-09-16 Unregistered Distributions — judgment
SEC v. Gabriel Edelman, Creative Advancement LLC and Edelman Blockchain Advisors LLC (ponzi schemes, 2022) SEC 2022-09-15 Ponzi Schemes — judgment
SEBI v. Arth Udyog Limited and others (settlement, promoter holdings shown as public, 2022) SEBI (India) 2022-09-12 Misleading Issuer Disclosure — settled
SEBI v. Ashoka Marketing Limited and others (settlement, promoter holdings shown as public, 2022) SEBI (India) 2022-09-12 Misleading Issuer Disclosure — settled
SEBI v. Bharat Nidhi Limited and others (settlement, promoter holdings shown as public, 2022) SEBI (India) 2022-09-12 Misleading Issuer Disclosure — settled
CFTC v. Tae Hung Kang (ponzi schemes, 2022) CFTC 2022-09-08 Ponzi Schemes — judgment
SEC v. NPA Asset Management, LLC (2022) SEC 2022-09-08 $300k settled
SEC v. Todd Christopher Doucette (insider trading, 2022) SEC 2022-09-07 Insider Trading $349k settled
SEBI v. Rana Kapoor (YES Bank AT1 bonds mis-selling, 2022) SEBI (India) 2022-09-07 — judgment
SEBI v. Ashoka Viniyoga Limited and others (settlement, promoter holdings shown as public, 2022) SEBI (India) 2022-09-07 Misleading Issuer Disclosure — settled
SEBI v. Sahu Jain Limited and others (settlement, promoter holdings shown as public, 2022) SEBI (India) 2022-09-07 Misleading Issuer Disclosure — settled
SEBI v. Combine Holding Limited and others (settlement, promoter holdings shown as public, 2022) SEBI (India) 2022-09-07 Misleading Issuer Disclosure — settled
CFTC v. Natixis (mismarking, 2022) CFTC 2022-09-06 Mismarking $2.8m settled
SEBI v. Mayur Maheshkumar Panchal and others (order placement and cancellation, Ejecta Marketing, 2022) SEBI (India) 2022-09-06 Spoofing — judgment
SEBI v. JHP Securities Pvt Ltd (fictitious backdated trades, Global Telesystems, 2022) SEBI (India) 2022-09-05 — judgment
SEBI v. Bharat J. Patel (fictitious backdated trades, Global Telesystems, 2022) SEBI (India) 2022-09-05 — dismissed
SEBI v. Prashant J. Patel (fictitious backdated trades, Global Telesystems, 2022) SEBI (India) 2022-09-05 — judgment
CFTC v. Swapnil Rege and SwapStar Capital LLC (ponzi schemes, 2022) CFTC 2022-09-02 Ponzi Schemes $200k judgment
SEBI v. Ketan Pravinbahi Panchal and others (price manipulation, Thirani Projects, 2022) SEBI (India) 2022-08-30 Price Manipulation , Matched Orders — judgment
SEBI v. Soma Textiles & Industries Ltd and others (GDR issue, 2022) SEBI (India) 2022-08-30 Misleading Issuer Disclosure — judgment
SEBI v. Subodh Agarwal and others (price manipulation, Sulabh Engineers & Services, 2022) SEBI (India) 2022-08-30 Price Manipulation — judgment
SEC v. Pavel Ruiz (ponzi schemes, 2022) SEC 2022-08-30 Ponzi Schemes — settled
SEBI v. Jaidev Gupta HUF and others (Esaar India round-tripped preferential allotment, 2022) SEBI (India) 2022-08-30 — judgment
SEBI v. Nakoda Ltd and others (GDR issue and undisclosed pledge, 2022) SEBI (India) 2022-08-30 Misleading Issuer Disclosure — judgment
SEBI v. Triveni Enterprises Ltd and others (misuse of preferential-issue proceeds, 2022) SEBI (India) 2022-08-29 Misleading Issuer Disclosure — judgment
SEC v. Harmel S. Rayat, RenovaCare, Inc., Jatinder Bhogal, Jeetenderjit Singh Sidhu, and Sharon Fleming (newsletter scalping, 2022) SEC 2022-08-29 Newsletter Scalping $3m settled
SEBI v. Roshan Kumar Arun Mandal and Ajay Dhirajlal Nathwani (bulk SMS tips and circular trades, Mohit Industries, 2022) SEBI (India) 2022-08-25 False Rumors , Matched Orders — judgment
SEBI v. Ficus Securities Pvt. Ltd. and others (broker misuse of client funds and securities, 2022) SEBI (India) 2022-08-25 — judgment
SEBI v. Esaar India Limited (round-tripped preferential allotment, 2022) SEBI (India) 2022-08-25 — judgment
CFTC v. Eric Schwartz (spoofing, 2022) CFTC 2022-08-24 Spoofing $100k judgment
SEBI v. Arvind Remedies Ltd and others (inflated sales and promoter share sales, 2022) SEBI (India) 2022-08-24 Misleading Issuer Disclosure , Insider Trading — judgment
SEC v. Nicolas Arkells (unregistered distributions, 2022) SEC 2022-08-24 Unregistered Distributions — judgment
SEBI v. Sobha Limited and others (settlement, financial statement misrepresentation, 2022) SEBI (India) 2022-08-22 Misleading Issuer Disclosure — settled
SEC v. Lee Simmons (price manipulation, 2022) SEC 2022-08-19 EDGAR Filing Fraud , Price Manipulation +1 $223k judgment
SEBI v. Dhruv Agrawal and another (insider trading, Manpasand Beverages, 2022) SEBI (India) 2022-08-18 Insider Trading — judgment
SEBI v. MSS Trading System Centre and Valerian Louis Mendanha (unregistered portfolio management, assured returns, 2022) SEBI (India) 2022-08-18 — judgment
SEC v. Nicholas Daniel (insider trading, 2022) SEC 2022-08-17 Insider Trading $350k settled
SEC v. Sergei Polevikov (front running, 2022) SEC 2022-08-17 Front Running — judgment
SEC v. Ann M. Dishinger, Jerrold I. Palmer, and Lawrence M. Palmer (insider trading, 2022) SEC 2022-08-16 Insider Trading $162k settled
SEC v. Rahim Mohamed, Davies ("Dave") Wong, et al. (hijacked account ramping, 2022) SEC 2022-08-15 Hijacked Account Ramping — filed
SEC v. IMC Chicago, LLC (naked short selling debate, 2022) SEC 2022-08-12 Naked Short Selling Debate $125k settled
ASIC v. Don Evans (price manipulation, 2022) ASIC 2022-08-05 Price Manipulation — judgment
CFTC v. Daniel Shak (spoofing, 2022) CFTC 2022-08-05 Spoofing $750k settled
FCA v. Christopher Gent (insider trading, 2022) FCA 2022-08-05 Insider Trading — settled
SEBI v. India Capital Markets Pvt Ltd (broker facilitating client trades, Pyramid Saimira Theatre, 2022) SEBI (India) 2022-08-02 Matched Orders — judgment
SEBI v. Fenton Investments Pvt Ltd and Arvind Singhania (insider trading settlement, Varun Beverages, 2022) SEBI (India) 2022-08-01 Insider Trading — settled
SEC v. Vladimir Okhotnikov and others (ponzi schemes, 2022) SEC 2022-08-01 Ponzi Schemes — filed
SEBI v. Bakliwal Financial Services (India) Pvt Ltd and another (circular trades, Nahar Spinning and Tricom, 2022) SEBI (India) 2022-07-29 Matched Orders — judgment