Market manipulation enforcement actions filed in 2022

This library records 492 market manipulation enforcement actions filed in 2022, brought by ASIC, CFTC, FCA, 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: $24.8m
Median penalty: $148k
Largest: $22.5m
Criminal parallel: 16%

Action	Agency	Filed	Technique	Penalty	Status
SEBI v. Kaashyap Technologies Ltd and others (GDR issue disclosures, 2022)	SEBI (India)	2022-07-29	Misleading Issuer Disclosure	—	judgment
SEBI v. Sandeep Tulsiram Agrawal and others (insider trading, Kushal Ltd, 2022)	SEBI (India)	2022-07-29	Insider Trading	—	judgment
SEBI v. IIFL Securities Ltd (reference-price manipulation before a block deal, ICICI Lombard, 2022)	SEBI (India)	2022-07-29	Price Manipulation	—	judgment
SEBI v. Raj Kumar Sharma and others (price manipulation, Global Infratech & Finance Ltd, 2022)	SEBI (India)	2022-07-29	Price Manipulation	—	judgment
SEBI v. Aanchal Jindal and others (artificial-volume charges, Delta Leasing & Finance, 2022)	SEBI (India)	2022-07-29	Matched Orders , Price Manipulation	—	dismissed
SEBI v. Nailesh Kumar Ganeshbhai Prajapati and others (circular trades after SMS tips, Ejecta Marketing, 2022)	SEBI (India)	2022-07-29	Matched Orders	—	judgment
SEBI v. Roongta Rising Stock Pvt Ltd and others (price manipulation, Mishka Finance and Trading, 2022)	SEBI (India)	2022-07-29	Price Manipulation	—	judgment
SEBI v. Prakash C Kanugo and others (insider trading, Prakash Steelage Ltd, 2022)	SEBI (India)	2022-07-29	Insider Trading	—	judgment
SEBI v. Anita Shyam Mhatre and others (front running of Reliance Capital Mutual Fund, 2022)	SEBI (India)	2022-07-29	Front Running	—	judgment
SEBI v. Austral Coke and Projects Ltd and others (IPO prospectus disclosure and trading, 2022)	SEBI (India)	2022-07-29	Misleading Issuer Disclosure , Matched Orders	—	judgment
SEBI v. Anukaran Commercial Enterprise Limited and others (round-tripped preferential allotment, 2022)	SEBI (India)	2022-07-29		—	judgment
SEBI v. Goldline International Finvest Limited and others (IPO subscription funding, ECO Friendly Food Processing Park, 2022)	SEBI (India)	2022-07-29		—	judgment
SEBI v. Jolly Plastic Industries Ltd and others (funded preferential allotment, 2022)	SEBI (India)	2022-07-29		—	judgment
SEBI v. Zodiac Solutions (bulk SMS stock tips, Ejecta Marketing, 2022)	SEBI (India)	2022-07-29	Chat Group Pumps	—	judgment
SEBI v. Allied Computers International (Asia) Limited and others (round-tripped preferential allotment, 2022)	SEBI (India)	2022-07-29		—	judgment
SEBI v. Jasmine Piyush Karia and Piyush Vasantbhai Karia (front running, Quest Investment Advisors trades, 2022)	SEBI (India)	2022-07-28	Front Running	—	judgment
SEBI v. Kailash Kumar Lakhani and others (last-traded-price pushing, Surabhi Chemicals, 2022)	SEBI (India)	2022-07-28	Price Manipulation	—	judgment
SEBI v. RHC Holding Pvt Ltd and others (Religare fund diversion and false accounts, 2022)	SEBI (India)	2022-07-28	Misleading Issuer Disclosure	—	judgment
SEBI v. Finquest Securities Pvt Ltd (client synchronized trades, Garware Polyester, 2022)	SEBI (India)	2022-07-28	Matched Orders	—	dismissed
SEBI v. Arvind Babulal Goyal and others (reversal trades, Kanchan International, 2022)	SEBI (India)	2022-07-28	Matched Orders	—	judgment
SEBI v. Suresh Laxman Patil and others (reversal trades, Kanchan International, 2022)	SEBI (India)	2022-07-28	Matched Orders	—	judgment
SEC v. Mark Klein, et al. (insider trading, 2022)	SEC	2022-07-28	Insider Trading	$226k	settled
SEBI v. Hasti Finance Ltd. and others (funded preferential allotment, 2022)	SEBI (India)	2022-07-28		—	judgment
SEC v. Alexandra Robert, Chalala Academy LLC (ponzi schemes, 2022)	SEC	2022-07-27	Ponzi Schemes	$226k	settled
SEBI v. Giriraj Kishore Agarwal and others (funded preferential allotment, Esaar India, 2022)	SEBI (India)	2022-07-27		—	judgment
SEC v. Amit Bhardwaj, et al. (insider trading, 2022)	SEC	2022-07-26	Insider Trading	—	settled
SEC v. Seth Markin and Brandon Wong (insider trading, 2022)	SEC	2022-07-26	Insider Trading	$37k	settled
SEC v. Todd Lahr and Thomas Megas (ponzi schemes, 2022)	SEC	2022-07-26	Ponzi Schemes	—	judgment
SEBI v. Spank Management Services and Patanjali Govind Keswani (insider trading, Varun Beverages, 2022)	SEBI (India)	2022-07-25	Insider Trading	—	settled
SEC v. Brijesh Goel and Akshay Niranjan (insider trading, 2022)	SEC	2022-07-25	Insider Trading	—	settled
SEC v. Stephen E. Buyer, et al. (insider trading, 2022)	SEC	2022-07-25	Insider Trading	—	dismissed
SEBI v. Sushma Agarwal (price manipulation, Winsome Yarns, 2022)	SEBI (India)	2022-07-22	Price Manipulation	—	judgment
SEC v. Apostolos Trovias (2022)	SEC	2022-07-21		—	judgment
CFTC v. Jimmy Gale Watson (pump and dump, 2022)	CFTC	2022-07-18	Pump And Dump	$146k	judgment
SEC v. Bruce Schoengood, Medifirst Solutions, Inc., and Joshua Tyrell (paid stock promotion, 2022)	SEC	2022-07-18	Paid Stock Promotion	$100k	judgment
FCA v. Philippe Moryoussef Individual (benchmark submission rigging, 2022)	FCA	2022-07-15	Benchmark Submission Rigging	—	judgment
SEC v. John David McAfee and Jimmy Gale Watson, Jr. (newsletter scalping, 2022)	SEC	2022-07-15	Newsletter Scalping	—	judgment
SEBI v. Mishka Finance and Trading Ltd. and others (preferential issue proceeds, 2022)	SEBI (India)	2022-07-14	Misleading Issuer Disclosure	—	judgment
SEBI v. Golden Legend Leasing and Finance Limited and others (funded preferential allotment, 2022)	SEBI (India)	2022-07-14		—	judgment
SEBI v. Macquarie Finance (India) Pvt Ltd and Carron Investments Pvt Ltd (box trades in long-dated Nifty options, 2022)	SEBI (India)	2022-07-07	Matched Orders	—	judgment
SEC v. Doron A. Tavlin, Afshin Farahan, and David J. Gantman (insider trading, 2022)	SEC	2022-07-07	Insider Trading	—	settled
SEC v. George W. Haywood (insider trading, 2022)	SEC	2022-07-07	Insider Trading	—	judgment
SEC v. Hugh Lee Sweeney (insider trading, 2022)	SEC	2022-07-07	Insider Trading	$57.9k	settled
SEC v. John W. Pauciulo, Esq. (2022)	SEC	2022-07-07		$125k	settled
SEBI v. Gautam Sanjay Khandelwal and others (SMS buy tips, Supreme Tex Mart, 2022)	SEBI (India)	2022-07-06	Pump And Dump	—	judgment
SEC v. Matthew Wade Beasley, et al. (ponzi schemes, 2022)	SEC	2022-07-01	Ponzi Schemes	—	filed
SEC v. Justin R. Kimbrough, Terry Nikopoulos and others (ponzi schemes, 2022)	SEC	2022-07-01	Ponzi Schemes	—	settled
SEBI v. Do Max Steel Ltd. and others (price manipulation, Kelvin Fincap, 2022)	SEBI (India)	2022-06-30	Price Manipulation , Matched Orders	—	judgment
SEBI v. Maxtor Conclave Pvt Ltd. and others (price manipulation, Sunstar Realty Development, 2022)	SEBI (India)	2022-06-30	Price Manipulation , Matched Orders	—	judgment
SEBI v. Arun Kochar and others (price manipulation, Wisec Global, 2022)	SEBI (India)	2022-06-30	Price Manipulation	—	judgment
SEBI v. Aster Silicates Ltd. and others (IPO proceeds and prospectus, 2022)	SEBI (India)	2022-06-30	Misleading Issuer Disclosure	—	judgment
SEBI v. CHP Finance Private Limited and others (price manipulation, Sanco Industries, 2022)	SEBI (India)	2022-06-30	Matched Orders , Price Manipulation	—	judgment
SEBI v. Nisha Yadav and others (SMS-driven volume spurt, Covidh Technologies, 2022)	SEBI (India)	2022-06-30	Pump And Dump	—	judgment
SEBI v. Shankheshwar Metals Pvt Ltd and others (price manipulation, Sun & Shine Worldwide, 2022)	SEBI (India)	2022-06-30	Price Manipulation , Matched Orders	—	judgment
SEBI v. Shivshankar Joshi and Geetaben Joshi (funded preferential allotment, Esaar India, 2022)	SEBI (India)	2022-06-30		—	judgment
SEBI v. National Stock Exchange Limited, Ravi Narain and others (NSE data sharing, 2022)	SEBI (India)	2022-06-30		—	judgment
SEBI v. Guiness Securities Limited and others (broker misuse of client securities, 2022)	SEBI (India)	2022-06-30		—	judgment
SEBI v. Prem Lata Nahar and others (price manipulation, Greencrest Financial Services, 2022)	SEBI (India)	2022-06-29	Price Manipulation , Matched Orders	—	judgment
SEBI v. SRBC & Co. LLP and others (insider trading, Infibeam Avenues, 2022)	SEBI (India)	2022-06-29	Insider Trading	—	judgment
SEBI v. Ashish P. Patel (insider trading, Radhe Developers (India) Ltd, 2022)	SEBI (India)	2022-06-29	Insider Trading	—	judgment
SEC v. Daniel J. Moscatiello (insider trading, 2022)	SEC	2022-06-29	Insider Trading	$89.9k	settled
SEBI v. Texmo Pipes and Products Ltd. and others (GDR issue, 2022)	SEBI (India)	2022-06-28	Misleading Issuer Disclosure	—	judgment
SEBI v. National Stock Exchange of India and others (dark fibre connectivity for brokers, 2022)	SEBI (India)	2022-06-28		—	judgment
Former Sigma Healthcare general manager sentenced for insider trading (ASIC, 2022)	ASIC	2022-06-27	Insider Trading	—	judgment
SEBI v. Nishil Surendrabhai Marfatia (large sell orders deleted, Veronica Production, 2022)	SEBI (India)	2022-06-27	Spoofing	—	judgment
SEBI v. Transgene Biotek Ltd. and others (GDR issues, 2022)	SEBI (India)	2022-06-27	Misleading Issuer Disclosure	—	judgment
SEBI v. Rameshbhai Vanghjibhai Shah and others (synchronised trades in four scrips, 2022)	SEBI (India)	2022-06-27	Matched Orders , Price Manipulation	—	judgment
SEC v. Moynes, et al. (undisclosed control blocks, 2022)	SEC	2022-06-27	Undisclosed Control Blocks , Pump And Dump	$307k	settled
SEBI v. Sahara India Real Estate Corporation Limited and others (OFCD issues, 2022)	SEBI (India)	2022-06-27	Misleading Issuer Disclosure	—	judgment
SEBI v. Raushan Kumar Jha (circular trades, Octant Interactive Technologies, 2022)	SEBI (India)	2022-06-24	Matched Orders	—	dismissed
SEC v. StraightPath Venture Partners LLC, et al. (2022)	SEC	2022-06-24		—	filed
SEBI v. Pallavi Navinchandra Mehta and others (insider trading, ADF Foods buyback, 2022)	SEBI (India)	2022-06-23	Insider Trading	—	judgment
SEBI v. Akshay Jitendrakumar Brahambhatt (price manipulation, Bronze Trading, 2022)	SEBI (India)	2022-06-23	Price Manipulation	—	judgment
SEBI v. Manju Mutha and Ramesh Kumar Jain (circular and reversal trades, Octant Interactive Technologies, 2022)	SEBI (India)	2022-06-22	Matched Orders , Price Manipulation	—	judgment
SEBI v. Radhekrishna Broking and others (matched trades, Sterling Greenwoods, 2022)	SEBI (India)	2022-06-21	Matched Orders , Price Manipulation	—	judgment
SEBI v. Resurgere Mines and Minerals India Ltd. and others (IPO fraud and alleged self-trades, 2022)	SEBI (India)	2022-06-21	Misleading Issuer Disclosure	—	judgment
SEBI v. Ravi Kant Jaipuria (insider trading communication, Varun Beverages, 2022)	SEBI (India)	2022-06-21	Insider Trading	—	settled
SEC v. Steven J. Sheinfeld (insider trading, 2022)	SEC	2022-06-21	Insider Trading	$305k	judgment
Caloundra man sentenced for insider trading (ASIC, 2022)	ASIC	2022-06-20	Insider Trading	—	judgment
SEBI v. Sunrise Asian Ltd. and others (price manipulation, 2022)	SEBI (India)	2022-06-17	Price Manipulation , Matched Orders	—	judgment
SEC v. Vali Management Partners (Avalon FA Ltd), Nathan Fayyer and Sergey Pustelnik (layering, 2022)	SEC	2022-06-17	Layering , Spoofing	$22.5m	judgment
OSC v. Mughal Asset Management Corporation and others (ponzi schemes, 2022)	OSC	2022-06-16	Ponzi Schemes	—	judgment
SEBI v. Zenith Steel Pipes & Industries and others (GDR issue, 2022)	SEBI (India)	2022-06-16	Misleading Issuer Disclosure	—	judgment
SEBI v. Kamal Nayan Sharma and others (misstated financials, Indian Infotech & Software, 2022)	SEBI (India)	2022-06-15	Misleading Issuer Disclosure	—	judgment
SEC v. David Roda and Andrew Larkin (insider trading, 2022)	SEC	2022-06-15	Insider Trading	$5.6k	settled
SEC v. Michael Mooney, Britt Wright and Penny Flippen (2022)	SEC	2022-06-14		$230k	judgment
SEC v. Weiss Asset Management LP (rule 105 offering shorts, 2022)	SEC	2022-06-14	Rule 105 Offering Shorts	$200k	settled
SEBI v. Nilesh J Dhamecha (auditor certificate, Tirupati Fincorp, 2022)	SEBI (India)	2022-06-14		—	dismissed
SEBI v. Bharat J Patel and others (synchronised trades, Garware Polyster, 2022)	SEBI (India)	2022-06-13	Matched Orders	—	dismissed
ASIC v. Benjamin Heath Cooper (price manipulation, 2022)	ASIC	2022-06-10	Price Manipulation	—	judgment
SEBI v. Vipul J. Modi and Quick Trading and Investment Advisors LLP (Religare Enterprises settlement, 2022)	SEBI (India)	2022-06-10	Insider Trading	—	settled
SEBI v. Vijaykumar Omprakash Jain and Sharda Jain (insider trading, Religare Enterprises, 2022)	SEBI (India)	2022-06-10	Insider Trading	—	settled
SEBI v. Tata Motors Ltd. and others (Tata Finance backdated share transactions, 2022)	SEBI (India)	2022-06-09	Misleading Issuer Disclosure	—	dismissed
SEBI v. Arvind Mehrotra and others (NIIT Technologies insider trading, 2022)	SEBI (India)	2022-06-09	Insider Trading	—	judgment
SEC v. Lijuan "Sandra" Hao, CPA (insider trading, 2022)	SEC	2022-06-09	Insider Trading	$47.9k	settled
SEC v. Patrick Churchville, et al. (ponzi schemes, 2022)	SEC	2022-06-09	Ponzi Schemes	—	judgment
SEC v. Puneet Dikshit (insider trading, 2022)	SEC	2022-06-09	Insider Trading	—	judgment
SEBI v. Bhola Nath Dhall and Abhishek Dhall (Religare Finvest front-running, 2022)	SEBI (India)	2022-06-08	Front Running	—	judgment
SEC v. Jae Cheol Oh (2022)	SEC	2022-06-08		$150k	settled
SEC v. Stubos, et al. (undisclosed control blocks, 2022)	SEC	2022-06-08	Undisclosed Control Blocks , Pump And Dump	—	settled