Market Manipulation. Search

Market manipulation case library

This library records 2,348 market manipulation enforcement actions brought by financial regulators, each with the agency, the date, the alleged technique, the monetary relief ordered and a link to the regulator's own filing. The whole dataset is downloadable as JSON.

Actions
2,348
Total penalties
$15.4bn
Median penalty
$255k
Agencies
5
Techniques
37

Browse by facet

Every facet below is a real page with its own URL, so it works without JavaScript and can be linked, bookmarked and cited.

By technique

Insider trading 709 Ponzi schemes 568 Paid stock promotion 222 Unregistered distributions 137 Pump and dump 128 Price manipulation 124 Spoofing 120 Undisclosed control blocks 120 Wash trading 108 Boiler rooms 75 Reverse merger schemes 66 Benchmark submission rigging 53 The naked short selling debate 43 Matched orders 38 Churning 21 Layering 19 Free riding and parking 18 Fake press releases 16 Cash versus derivatives schemes 15 Newsletter scalping 15 Marking the close 13 Front running 12 Chat group pumps 11 FX fixing 11 Shell factories 8 False rumours 5 Custodianship shell hijacking 5 Settlement price manipulation 4 Exchange wash trading 3 Banging the close 3 Engineered short squeeze 2 Marking the open 1 Rug pulls 1 Insider listing trading 1 Oracle manipulation 1 Float locking 1 Dilution death spirals 1

By agency

ASIC 112 CFTC 347 FCA 47 OSC 71 SEC 1771

By year filed

2026 91 2025 120 2024 193 2023 223 2022 188 2021 159 2020 200 2019 192 2018 244 2017 228 2016 194 2015 229 2014 44 2013 43

Ranked lists: largest penalties · largest spoofing penalties · longest sentences · most-charged individuals · biggest crypto cases · most active courts

All actions, newest first

Action Agency Filed Technique Penalty Status
SEC v. Mark D. Hanf and Hoai-Nam Chu Phan a/k/a Nam Phan (ponzi schemes, 2026) SEC 2026-09-04 Ponzi Schemes — settled
SEC v. Trijya Vakil and Neeraj Visen (insider trading, 2026) SEC 2026-09-04 Insider Trading — judgment
SEC v. Corey Ortiz (free riding and parking, 2026) SEC 2026-09-03 Free Riding And Parking — judgment
SEC v. David T. Gilchrist, Christopher Aaron Novinger, Rebecca Novinger (ponzi schemes, 2026) SEC 2026-09-01 Ponzi Schemes — unknown
SEC v. Mordechai Haim Ferder and others (ponzi schemes, 2026) SEC 2026-09-01 Ponzi Schemes — unknown
CFTC v. Gabriel Perez (insider trading, 2026) CFTC 2026-08-28 Insider Trading $65k judgment
SEC v. Mayur Baviskar (free riding and parking, 2026) SEC 2026-08-26 Free Riding And Parking — judgment
SEC v. Gavin Wolfe and others (insider trading, 2026) SEC 2026-08-21 Insider Trading — unknown
SEC v. Jesse R. Mitchell (insider trading, 2026) SEC 2026-08-21 Insider Trading — filed
SEC v. Andrew Spaventa and others (boiler rooms, 2026) SEC 2026-08-17 Boiler Rooms — filed
SEC v. Leor Moshe, Jacob Goldman, Isaac Odes (ponzi schemes, 2026) SEC 2026-08-13 Ponzi Schemes — filed
CFTC v. Goliath Ventures Inc. and CEO (ponzi schemes, 2026) CFTC 2026-08-11 Ponzi Schemes — filed
SEC v. Benjamin Tesfaye (insider trading, 2026) SEC 2026-08-11 Insider Trading — judgment
SEC v. Goliath Ventures, Inc. and Christopher A. Delgado (ponzi schemes, 2026) SEC 2026-08-11 Ponzi Schemes — settled
SEC v. Frank M. Cerisano Jr. (spoofing, 2026) SEC 2026-08-10 Spoofing — judgment
SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (wash trading, 2026) SEC 2026-08-03 Wash Trading — judgment
CFTC v. George Santos (price manipulation, 2026) CFTC 2026-07-31 Price Manipulation $35k judgment
SEC v. Aras Investment Business Group S.A.P.I. de C.V. and others (ponzi schemes, 2026) SEC 2026-07-24 Ponzi Schemes — judgment
SEC v. Jamal (“Jimmy”) Chammout and others (insider trading, 2026) SEC 2026-07-17 Insider Trading $497k judgment
SEC v. Michael J. Forster (pump and dump, 2026) SEC 2026-07-15 Pump And Dump — judgment
SEC v. Joshua A. Weiss (paid stock promotion, 2026) SEC 2026-07-10 Paid Stock Promotion — judgment
SEC v. Robert Yedid, Andrew Kaufman, and Mark Jacobs (insider trading, 2026) SEC 2026-07-10 Insider Trading — judgment
SEC v. Weiguo Zhai (insider trading, 2026) SEC 2026-07-09 Insider Trading — judgment
CFTC v. North Carolina Commodity Pool Operator and His Company (ponzi schemes, 2026) CFTC 2026-07-07 Ponzi Schemes — filed
SEC v. NanoBit Limited, et al. (chat group pumps, 2026) SEC 2026-06-29 Chat Group Pumps $1.2m judgment
SEC v. Stephen J. Czarnik (paid stock promotion, 2026) SEC 2026-06-29 Paid Stock Promotion , Unregistered Distributions — judgment
SEC v. Mingran Wang (spoofing, 2026) SEC 2026-06-25 Spoofing — settled
SEC v. Casey Muggleston (insider trading, 2026) SEC 2026-06-24 Insider Trading — unknown
SEC v. Sanders Family Office and others (ponzi schemes, 2026) SEC 2026-06-24 Ponzi Schemes — judgment
SEC v. Justin Jennings and Vortex Strategies LLC (insider trading, 2026) SEC 2026-06-23 Insider Trading — filed
SEC v. Bruce Cameron Conway (insider trading, 2026) SEC 2026-06-16 Insider Trading — judgment
SEC v. Gerard Ryan (insider trading, 2026) SEC 2026-06-15 Insider Trading — judgment
SEC v. Rakesh Ahuja (insider trading, 2026) SEC 2026-06-15 Insider Trading — judgment
SEC v. Santos Kidd (ponzi schemes, 2026) SEC 2026-06-12 Ponzi Schemes — judgment
SEC v. JianQing Li (insider trading, 2026) SEC 2026-06-05 Insider Trading — filed
SEC v. Nathan Fuller (ponzi schemes, 2026) SEC 2026-05-29 Ponzi Schemes — filed
CFTC v. Google Employee (insider trading, 2026) CFTC 2026-05-28 Insider Trading — filed
Fund manager Rodney Forrest re-sentenced to five years and three months’ jail following insider trading appeal (ASIC, 2026) ASIC 2026-05-22 Insider Trading — unknown
SEC v. Nipun Kumar Jami (insider trading, 2026) SEC 2026-05-22 Insider Trading — settled
SEC v. Gabriel Gershowitz, Esq. (insider trading, 2026) SEC 2026-05-18 Insider Trading — judgment
SEC v. Oskar Elmgart and Raymond Leibman (insider trading, 2026) SEC 2026-05-18 Insider Trading $63.1k judgment
SEC v. Robert Newell (ponzi schemes, 2026) SEC 2026-05-14 Ponzi Schemes — judgment
SEC v. Douglas P. Farr (insider trading, 2026) SEC 2026-05-07 Insider Trading $35.2k settled
SEC v. Nicolo Nourafchan and others (insider trading, 2026) SEC 2026-05-07 Insider Trading — unknown
CFTC v. New York Trader (spoofing, 2026) CFTC 2026-05-06 Spoofing $200k judgment
SEC v. Christopher Flagg and others (free riding and parking, 2026) SEC 2026-04-30 Free Riding And Parking — judgment
SEC v. Jai Sondhi (insider trading, 2026) SEC 2026-04-29 Insider Trading — judgment
SEC v. Terrence Chalk (ponzi schemes, 2026) SEC 2026-04-27 Ponzi Schemes — judgment
CFTC v. U.S. Service Member (insider trading, 2026) CFTC 2026-04-23 Insider Trading — filed
SEC v. Voyager Pacific Capital Management, LLC and others (ponzi schemes, 2026) SEC 2026-04-21 Ponzi Schemes — settled
SEC v. George John Drazenovic, CPA (pump and dump, 2026) SEC 2026-04-20 Pump And Dump — judgment
SEC v. Weizheng Zeng (insider trading, 2026) SEC 2026-04-20 Insider Trading — settled
ASIC v. Alexander McCulloch (insider trading, 2026) ASIC 2026-04-17 Insider Trading — unknown
SEC v. Sudheesh Nambiar (ponzi schemes, 2026) SEC 2026-04-17 Ponzi Schemes — filed
Former Big Un CEO pleads guilty in insider trading case (ASIC, 2026) ASIC 2026-04-09 Insider Trading — unknown
SEC v. Geoffrey Allen Wall (pump and dump, 2026) SEC 2026-04-09 Pump And Dump — judgment
SEC v. Vestech Partners LLC and others (paid stock promotion, 2026) SEC 2026-04-08 Paid Stock Promotion — settled
SEC v. Caroline J. Campbell (insider trading, 2026) SEC 2026-04-06 Insider Trading $157k settled
SEC v. Michael Smith and Douglas Joshua Dalton (insider trading, 2026) SEC 2026-04-01 Insider Trading — filed
SEC v. Brent David Willis (insider trading, 2026) SEC 2026-03-31 Insider Trading $175k judgment
SEC v. Brent Cranmer and Daniel McCormick (insider trading, 2026) SEC 2026-03-30 Insider Trading — judgment
SEC v. Ronald Smith (insider trading, 2026) SEC 2026-03-30 Insider Trading — unknown
SEC v. Titanium Capital LLC and Henry Abdo (ponzi schemes, 2026) SEC 2026-03-30 Ponzi Schemes — dismissed
SEC v. Benjamin Taylor and Darina Windsor (insider trading, 2026) SEC 2026-03-27 Insider Trading — judgment
SEC v. Kevan Sadigh (insider trading, 2026) SEC 2026-03-23 Insider Trading — judgment
SEC v. Bin Hao and Qidian LLC (ponzi schemes, 2026) SEC 2026-03-17 Ponzi Schemes $236k judgment
SEC v. Paul W. Jorgensen (insider trading, 2026) SEC 2026-03-17 Insider Trading — settled
SEC v. Canaccord Genuity LLC (marking the close, 2026) SEC 2026-03-06 Marking The Close , Marking The Open +2 — settled
SEC v. Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., Rainberry, Inc., and DeAndre Cortez Way (paid stock promotion, 2026) SEC 2026-03-05 Paid Stock Promotion , Wash Trading — judgment
SEC v. Zachary Miller (unregistered distributions, 2026) SEC 2026-03-05 Unregistered Distributions — settled
CFTC v. unnamed respondents (insider trading, 2026) CFTC 2026-02-25 Insider Trading , Wash Trading — settled
SEC v. Joel Castellanos (ponzi schemes, 2026) SEC 2026-02-24 Ponzi Schemes — judgment
SEC v. Joseph C. Lewis, Carolyn W. Carter, Patrick J. O’Connor, and Bryan L. Waugh (insider trading, 2026) SEC 2026-02-24 Insider Trading — judgment
SEC v. Martin Tuncaydin (insider trading, 2026) SEC 2026-02-13 Insider Trading — settled
SEC v. Gerald Shvartsman and others (insider trading, 2026) SEC 2026-02-05 Insider Trading — dismissed
SEC v. Marat Likhtenstein (ponzi schemes, 2026) SEC 2026-02-05 Ponzi Schemes — judgment
SEC v. Ryan Squillante (insider trading, 2026) SEC 2026-02-05 Insider Trading — judgment
CFTC v. Matthew Clark (insider trading, 2026) CFTC 2026-02-02 Insider Trading $14m settled
SEC v. Kevin A. Van de Grift (insider trading, 2026) SEC 2026-01-30 Insider Trading — judgment
SEC v. Satish Appalakutty and others (ponzi schemes, 2026) SEC 2026-01-29 Ponzi Schemes — filed
FCA v. Bhavesh Hirani (insider trading, 2026) FCA 2026-01-27 Insider Trading — unknown
FCA v. Dipesh Kerai (insider trading, 2026) FCA 2026-01-27 Insider Trading — unknown
SEC v. Saeid Jaberian (pump and dump, 2026) SEC 2026-01-27 Pump And Dump — judgment
SEC v. Brian J. Suthoff (insider trading, 2026) SEC 2026-01-26 Insider Trading $19.7k judgment
Fund manager sentenced to 6 years’ jail in $3 million Platinum Asset Management insider trading case (ASIC, 2026) ASIC 2026-01-23 Insider Trading — filed
SEC v. Mohit Verma (insider trading, 2026) SEC 2026-01-21 Insider Trading $41k settled
SEC v. Song Yuan (insider trading, 2026) SEC 2026-01-21 Insider Trading $65.6k settled
CFTC v. Gregg Smith (spoofing, 2026) CFTC 2026-01-16 Spoofing , Wash Trading $200k judgment
SEC v. Hong (John) Wang and Precision Clinical Consulting, LLC (insider trading, 2026) SEC 2026-01-15 Insider Trading — filed
SEC v. Bernardo Mendia-Alcaraz and Toltec Capital LLC (ponzi schemes, 2026) SEC 2026-01-06 Ponzi Schemes — judgment
SEC v. Muhammad Saad Shoukat and others (fake press releases, 2026) SEC 2026-01-06 Fake Press Releases , Insider Trading — filed
SEC v. David J. Bradford and Gerardo L. Linarducci (ponzi schemes, 2025) SEC 2025-12-30 Ponzi Schemes — judgment
SEC v. Bryan Scott McMillan (insider trading, 2025) SEC 2025-12-23 Insider Trading $122k judgment
SEC v. David Hudzik (unregistered distributions, 2025) SEC 2025-12-23 Unregistered Distributions $70k judgment
Market riggers sentenced in ASX ‘pump and dump’ case (ASIC, 2025) ASIC 2025-12-22 Chat Group Pumps , Pump And Dump — unknown
FCA v. Russel Gerrity (insider trading, 2025) FCA 2025-12-19 Insider Trading — unknown
SEC v. George John Drazenovic (paid stock promotion, 2025) SEC 2025-12-19 Paid Stock Promotion , Pump And Dump — judgment
SEC v. Mina Tadrus (ponzi schemes, 2025) SEC 2025-12-17 Ponzi Schemes — judgment
OSC v. Ontario Securities Commission v and Claire Amanda Drage (paid stock promotion, 2025) OSC 2025-12-17 Paid Stock Promotion — judgment
SEC v. Artur Khachatryan (spoofing, 2025) SEC 2025-12-16 Spoofing — judgment