Market manipulation enforcement actions filed in 2023

This library records 363 market manipulation enforcement actions filed in 2023, 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: $49.9m
Median penalty: $312k
Largest: $25.8m
Criminal parallel: 13%

Action	Agency	Filed	Technique	Penalty	Status
SEC v. Brady Jack Speers, Chatree Thiranon and GHAP, LLC d/b/a Blue Star Texas (2023)	SEC	2023-08-31		—	settled
SEC v. William V. Conn, Jr. (ponzi schemes, 2023)	SEC	2023-08-31	Ponzi Schemes	$100k	settled
FCA v. NMC Health Plc (in Administration) (2023)	FCA	2023-08-30		—	judgment
SEC v. Archipelago Trading Services, Inc. (suspicious activity reporting, 2023)	SEC	2023-08-29		$1.5m	settled
SEC v. Deyonte Jahtori Anthony (free riding and parking, 2023)	SEC	2023-08-28	Free Riding And Parking	—	settled
SEC v. Impact Theory, LLC (unregistered distributions, 2023)	SEC	2023-08-28	Unregistered Distributions	$500k	settled
OSC v. Nova Tech Ltd. and Cynthia Petion (2023)	OSC	2023-08-25		—	judgment
SEBI v. Nagreeka Capital and Infrastructure Ltd and Sushil Patwari (Rupa and Company, 2023)	SEBI (India)	2023-08-25	Insider Trading	—	judgment
SEBI v. Suraj Nangia (Cosmo Films insider trading settlement, 2023)	SEBI (India)	2023-08-25	Insider Trading	—	settled
SEBI v. Rakesh Nangia (Cosmo Films insider trading settlement, 2023)	SEBI (India)	2023-08-25	Insider Trading	—	settled
SEBI v. Ashok Jaipuria (Cosmo Films insider trading settlement, 2023)	SEBI (India)	2023-08-25	Insider Trading	—	settled
SEBI v. Haresh Jashnani and others (United Spirits options, adjudication remand, 2023)	SEBI (India)	2023-08-25	Insider Trading	—	dismissed
SEBI v. Poonam Jashnani and others (United Spirits options, final order, 2023)	SEBI (India)	2023-08-25	Insider Trading	—	dismissed
Melbourne man charged over alleged insider trading in Kidman Resources shares (ASIC, 2023)	ASIC	2023-08-24	Insider Trading	—	judgment
SEC v. Romero Cabral da Costa Neto (insider trading, 2023)	SEC	2023-08-24	Insider Trading	—	unknown
CFTC v. Walter Dunning Larrick, III and Cambridge Financial Advisors, LLC (2023)	CFTC	2023-08-23		—	filed
SEBI v. Bharat Gupta (Edynamics Solutions independent director, 2023)	SEBI (India)	2023-08-23		—	dismissed
SEC v. Daniel V.T. Catenacci (insider trading, 2023)	SEC	2023-08-21	Insider Trading	$50k	judgment
SEBI v. Balasore Alloys Ltd and others (bogus purchases, 2023)	SEBI (India)	2023-08-18	Misleading Issuer Disclosure	—	judgment
SEC v. Carla Lea Chastain (2023)	SEC	2023-08-18		—	settled
SEBI v. Satsai Finlease Pvt Ltd and others (AKG Exim, 2023)	SEBI (India)	2023-08-11	Price Manipulation , Matched Orders	—	judgment
SEBI v. Concord Drugs Ltd and others (misstated financials, 2023)	SEBI (India)	2023-08-11	Misleading Issuer Disclosure	—	judgment
SEBI v. Tanla Platforms Ltd and others (depreciation accounting, 2023)	SEBI (India)	2023-08-10	Misleading Issuer Disclosure	—	dismissed
SEBI v. Jayesh Rawal and others (Generic Engineering Construction and Projects, 2023)	SEBI (India)	2023-08-10	Price Manipulation , Matched Orders +1	—	judgment
SEC v. Chad Stickforth (2023)	SEC	2023-08-08		$223k	settled
SEC v. Charles Rustin Holzer, Maglione International Ltd., Frontenac Investments Ltd. (insider trading, 2023)	SEC	2023-08-07	Insider Trading	$1.2m	judgment
SEC v. Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., Rainberry, Inc., Austin Mahone, and Deandre Cortez Way (paid stock promotion, 2023)	SEC	2023-08-07	Paid Stock Promotion , Wash Trading	$37.5k	judgment
SEBI v. Bhargav Panchal and Hina Panchal (IPO share cornering, 2023)	SEBI (India)	2023-08-04		—	judgment
SEC v. Jose D. Rocha (ponzi schemes, 2023)	SEC	2023-08-03	Ponzi Schemes	—	settled
SEC v. Janardhan Nellore, et al. (insider trading, 2023)	SEC	2023-08-02	Insider Trading	—	judgment
SEC v. Mina Tadrus and Tadrus Capital LLC (ponzi schemes, 2023)	SEC	2023-08-02	Ponzi Schemes	—	settled
CFTC v. Adam Cobb-Webb (spoofing, 2023)	CFTC	2023-08-01	Spoofing	$150k	judgment
SEBI v. Dinesh Jajodia and others (Geodesic Limited, 2023)	SEBI (India)	2023-07-31	Misleading Issuer Disclosure	—	judgment
SEBI v. Crosseas Capital Services Ltd (Wockhardt self-trades, 2023)	SEBI (India)	2023-07-31	Wash Trading	—	dismissed
SEBI v. Yatendra Kumar and others (Wockhardt insider trading, 2023)	SEBI (India)	2023-07-31	Insider Trading	—	judgment
SEBI v. Arun Panchariya (Texmo Pipes & Products GDR issue, 2023)	SEBI (India)	2023-07-31	Misleading Issuer Disclosure	—	judgment
SEBI v. Arun Panchariya (Nakoda Ltd GDR issue, 2023)	SEBI (India)	2023-07-31	Misleading Issuer Disclosure	—	judgment
SEBI v. Arun Panchariya (Teledata Technology Solutions GDR issue, 2023)	SEBI (India)	2023-07-31	Misleading Issuer Disclosure	—	judgment
SEBI v. Excel Realty N Infra Limited and others (misstated accounts, 2023)	SEBI (India)	2023-07-28	Misleading Issuer Disclosure	—	judgment
SEC v. Brent Seaman, Accanito Holdings, LLC, and others (ponzi schemes, 2023)	SEC	2023-07-28	Ponzi Schemes	—	judgment
SEBI v. Sushil Agarwal and others (Steel City Securities Ltd, synchronised trades, 2023)	SEBI (India)	2023-07-27	Matched Orders	—	dismissed
SEBI v. Tilak Ventures Limited and others (preferential-issue proceeds, 2023)	SEBI (India)	2023-07-27	Misleading Issuer Disclosure	—	judgment
SEC v. Joseph C. Lewis, et al. (insider trading, 2023)	SEC	2023-07-26	Insider Trading	$1.9m	settled
SEBI v. Arun Panchariya (Edserv Softsystems GDR issue, 2023)	SEBI (India)	2023-07-26	Misleading Issuer Disclosure	—	judgment
SEBI v. Arun Panchariya (Zenith Steel Pipes GDR issue, 2023)	SEBI (India)	2023-07-26	Misleading Issuer Disclosure	—	judgment
SEBI v. Arun Panchariya (Southern Ispat and Energy GDR issues, 2023)	SEBI (India)	2023-07-26	Misleading Issuer Disclosure	—	judgment
SEBI v. Arun Panchariya (Rainbow Papers GDR issue, 2023)	SEBI (India)	2023-07-26	Misleading Issuer Disclosure	—	judgment
SEBI v. Fairwealth Securities Limited (unauthorised trading and misuse of client assets, 2023)	SEBI (India)	2023-07-26		—	judgment
CFTC v. Michael Griffis and Amanda Griffis (2023)	CFTC	2023-07-25		$1.4m	settled
SEC v. Amit Dagar and Atul Bhiwapurkar (insider trading, 2023)	SEC	2023-07-24	Insider Trading	$60.3k	settled
SEBI v. Roongta Rising Stock Pvt. Ltd. (Mishka Finance and Trading Ltd, 2023)	SEBI (India)	2023-07-21	Price Manipulation	—	judgment
SEC v. Quantstamp, Inc. (unregistered distributions, 2023)	SEC	2023-07-21	Unregistered Distributions	$1m	settled
SEC v. Eric J. "EJ" Dalius et al. (ponzi schemes, 2023)	SEC	2023-07-20	Ponzi Schemes	$112k	judgment
SEC v. Robert D. Christensen, Anthony M. Matic and four entities (ponzi schemes, 2023)	SEC	2023-07-20	Ponzi Schemes	$400k	judgment
SEC v. Chadd L. Evans (free riding and parking, 2023)	SEC	2023-07-19	Free Riding And Parking	$10k	settled
SEBI v. Fairwealth Commodity Broking Pvt. Limited (client funds misuse, 2023)	SEBI (India)	2023-07-19		—	judgment
SEC v. James P. Anglim (price manipulation, 2023)	SEC	2023-07-17	Price Manipulation	—	judgment
SEC v. Nirdosh Jagota, Ph.D. (insider trading, 2023)	SEC	2023-07-17	Insider Trading	$39.7k	settled
SEC v. Celsius Network Limited and Alexander "Alex" Mashinsky (price manipulation, 2023)	SEC	2023-07-13	Price Manipulation	—	filed
SEC v. Joseph Michael Todd, Todd Financial Services, LLC and TFS Insurance Services LLC (2023)	SEC	2023-07-13		—	settled
CFTC v. Adam Todd and Digitex entities (price manipulation, 2023)	CFTC	2023-07-12	Price Manipulation	$11.7m	judgment
SEBI v. Mukesh Kumar Gupta and others (Shilpi Cable Technologies, tipping and misleading bonus notice, 2023)	SEBI (India)	2023-07-12	Insider Trading , Misleading Issuer Disclosure	—	judgment
SEBI v. Anjali Krishnadev Bahuguna and others (communicating UPSI, Sharon Bio-Medicine, 2023)	SEBI (India)	2023-07-12	Insider Trading	—	judgment
SEC v. Nayeem Choudhury and Dream Venture Capital Group, LLC (ponzi schemes, 2023)	SEC	2023-07-12	Ponzi Schemes	—	filed
SEC v. Costello et al. (paid stock promotion, 2023)	SEC	2023-07-11	Paid Stock Promotion	—	judgment
SEC v. Legend Venture Partners LLC (boiler rooms, 2023)	SEC	2023-07-11	Boiler Rooms	—	filed
SEBI v. Arun Panchariya and Mukesh Chauradiya (Hiran Orgochem GDR issue, 2023)	SEBI (India)	2023-07-11	Misleading Issuer Disclosure	—	judgment
SEC v. Andrew DeFrancesco, Marlio Mauricio Diaz Cardona, Carlos Felipe Rezk, Nikola Faukovic, and Catherine DeFrancesco (pump and dump, 2023)	SEC	2023-07-07	Pump And Dump	$2m	judgment
CFTC v. Dwight A. Foster and K.E.L. Enterprises, Inc. (ponzi schemes, 2023)	CFTC	2023-07-06	Ponzi Schemes	$1.6m	settled
ASIC v. Openmarkets Australia Limited (market integrity rules, 2023)	ASIC	2023-07-05		—	settled
SEBI v. Pawan N Agarwal (front running of Aequitas client trades, settlement, 2023)	SEBI (India)	2023-07-04	Front Running	—	settled
SEBI v. Reliance Strategic Investments Ltd. (long-dated NIFTY put options, 2023)	SEBI (India)	2023-06-30	Price Manipulation	—	judgment
SEC v. Bruce Garelick, Michael Shvartsman, Rocket One Capital LLC, and Gerald Shvartsman (insider trading, 2023)	SEC	2023-06-30	Insider Trading	—	settled
SEC v. Damon R. Durante (2023)	SEC	2023-06-30		—	settled
SEC v. Jordan Meadow and Steven Teixeira (insider trading, 2023)	SEC	2023-06-30	Insider Trading	—	filed
SEC v. Juan Roman (insider trading, 2023)	SEC	2023-06-30	Insider Trading	$97.8k	settled
SEC v. Ashutosh Bhardwaj (insider trading, 2023)	SEC	2023-06-29	Insider Trading	$9k	settled
SEBI v. Surjit Kumar Gupta and others (insider trading allegation, Havells India Ltd, 2023)	SEBI (India)	2023-06-28	Insider Trading	—	dismissed
SEC v. Wilson Baston (ponzi schemes, 2023)	SEC	2023-06-28	Ponzi Schemes	—	settled
SEBI v. Gold Line International Finvest Ltd and others (preferential-issue proceeds, 2023)	SEBI (India)	2023-06-28	Misleading Issuer Disclosure	—	judgment
SEBI v. Anil Kumar Dhawan (Kassa Finvest client securities, 2023)	SEBI (India)	2023-06-28		—	judgment
SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023)	SEC	2023-06-27	Boiler Rooms	$25.8m	judgment
SEBI v. Sasidhar V (Taurus Mutual Fund redemption time-stamp tampering, 2023)	SEBI (India)	2023-06-27		—	judgment
SEC v. Royal Bengal Logistics, Inc. and Sanjay Singh (ponzi schemes, 2023)	SEC	2023-06-26	Ponzi Schemes	—	judgment
SEBI v. Bharat Mohanlal Mehta and others (insider trading, Sharon Bio-Medicine, 2023)	SEBI (India)	2023-06-22	Insider Trading	—	judgment
SEBI v. F6 Finserve Private Limited (stockbroker misuse of client funds, 2023)	SEBI (India)	2023-06-21		—	judgment
OSC v. April Vuong and Hao Quach (ponzi schemes, 2023)	OSC	2023-06-19	Ponzi Schemes	—	judgment
SEBI v. Doshi Chatterjee Bagri & Co. LLP and R K Bagri (Arvind Remedies auditors, 2023)	SEBI (India)	2023-06-19	Misleading Issuer Disclosure	—	dismissed
SEBI v. Dinesh Gupta and others (insider trading, Shilpi Cable Technologies, 2023)	SEBI (India)	2023-06-19	Insider Trading	—	judgment
SEBI v. Minal Bharat Patel and others (Asian Granito India Ltd, synchronised trades, remand, 2023)	SEBI (India)	2023-06-19	Matched Orders	—	dismissed
SEBI v. Yatendra Kumar and others (insider trading, Wockhardt Ltd, 2023)	SEBI (India)	2023-06-19	Insider Trading	—	judgment
SEBI v. Crosseas Capital Services Pvt. Ltd. (self-trades in Wockhardt Ltd, 2023)	SEBI (India)	2023-06-19	Wash Trading	—	dismissed
SEBI v. Global Infratech & Finance Ltd. and others (alleged funding of preferential allottees, 2023)	SEBI (India)	2023-06-19		—	dismissed
SEBI v. Divyaben Hiteshbhai Gangani and others (Kapil Raj Finance Ltd, circular trades, 2023)	SEBI (India)	2023-06-16	Wash Trading , Matched Orders	—	judgment
SEC v. Infinity Q Capital Management, LLC (mismarking, 2023)	SEC	2023-06-16	Mismarking	—	settled
SEBI v. Bharat Babubhai Trivedi (Midvalley Entertainment IPO, 2023)	SEBI (India)	2023-06-14	Price Manipulation	—	judgment
SEBI v. Burnpur Cement Limited (unrecorded tax demands in 2018-19 accounts, 2023)	SEBI (India)	2023-06-14	Misleading Issuer Disclosure	—	judgment
SEC v. Hal D. Mintz and Sabby Management LLC (naked short selling debate, 2023)	SEC	2023-06-14	Naked Short Selling Debate	—	filed
SEC v. Josh S. Verne (2023)	SEC	2023-06-14		—	settled
Former CFO of Big Un Limited charged with insider trading (ASIC, 2023)	ASIC	2023-06-13	Insider Trading	—	dismissed