Market manipulation enforcement actions filed in 2023
This library records 208 market manipulation enforcement actions filed in 2023, brought by CFTC, 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
- 8
- Total penalties
- $23.4m
- Median penalty
- $500k
- Largest
- $22.5m
- Criminal parallel
- 38%
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Austin D. Ellison-Meade (ponzi schemes, 2023) | SEC | 2023-01-24 | Ponzi Schemes | — | filed |
| SEC v. Charlie Abujudeh (paid stock promotion, 2023) | SEC | 2023-01-23 | Paid Stock Promotion | $414k | judgment |
| SEC v. David S.Y. Chang (unregistered distributions, 2023) | SEC | 2023-01-23 | Unregistered Distributions | — | settled |
| SEC v. Nexo Capital Inc. (unregistered distributions, 2023) | SEC | 2023-01-19 | Unregistered Distributions | $22.5m | settled |
| SEC v. Covington & Burling LLP (insider trading, 2023) | SEC | 2023-01-12 | Insider Trading | — | settled |
| SEC v. Yossi Engel (ponzi schemes, 2023) | SEC | 2023-01-12 | Ponzi Schemes | — | unknown |
| CFTC v. Avraham Eisenberg (oracle manipulation, 2023) | CFTC | 2023-01-10 | Oracle Manipulation | — | filed |
| SEC v. Melville Peter ten Cate (sham tender offers, 2023) | SEC | 2023-01-03 | Sham Tender Offers | $500k | judgment |