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. DFRF Enterprises LLC, et al. (ponzi schemes, 2019) SEC 2019-10-29 Ponzi Schemes $1m judgment
SEC v. Benjamin Taylor, Darina Windsor and Joseph Abdul Noor El-Khouri (insider trading, 2019) SEC 2019-10-22 Insider Trading — filed
SEC v. Bryan Cohen and George Nikas (insider trading, 2019) SEC 2019-10-22 Insider Trading — unknown
SEC v. Joseph Bayliss and Ronald Roach (ponzi schemes, 2019) SEC 2019-10-22 Ponzi Schemes — settled
SEC v. Michael J. Starkweather and Andiamo Corporation, William White (matched orders, 2019) SEC 2019-10-17 Matched Orders , Paid Stock Promotion — filed
CFTC v. Nevada Company and its Owner (ponzi schemes, 2019) CFTC 2019-10-16 Ponzi Schemes — unknown
CFTC v. unnamed respondents (ponzi schemes, 2019) CFTC 2019-10-15 Ponzi Schemes $12.6m judgment
SEC v. Eric J. "EJ" Dalius et al. (ponzi schemes, 2019) SEC 2019-10-15 Ponzi Schemes , Undisclosed Control Blocks — unknown
OSC v. Aly Babu Husein Mawji (pump and dump, 2019) OSC 2019-10-11 Pump And Dump — appealed
SEC v. Anton Senderov, et al. (boiler rooms, 2019) SEC 2019-10-10 Boiler Rooms — filed
SEC v. Daniel Rivas, et al. (insider trading, 2019) SEC 2019-10-10 Insider Trading — judgment
SEC v. Lek Securities Corp., et al. (layering, 2019) SEC 2019-10-10 Layering $1m judgment
CFTC v. Sechovich (wash trading, 2019) CFTC 2019-10-07 Wash Trading — judgment
CFTC v. Chicago Trading Firm Belvedere Trading LLC (spoofing, 2019) CFTC 2019-10-01 Spoofing $1.1m judgment
CFTC v. Energy Broker and Its Owner (front running, 2019) CFTC 2019-10-01 Front Running $1.5m judgment
CFTC v. Morgan Stanley Capital Group Inc. (spoofing, 2019) CFTC 2019-10-01 Spoofing $1.5m judgment
CFTC v. RBC Capital Markets (wash trading, 2019) CFTC 2019-10-01 Wash Trading $5m judgment
CFTC v. Trading Firm Mitsubishi International Corporation (spoofing, 2019) CFTC 2019-10-01 Spoofing $400k judgment
CFTC v. Two Trading Firms (spoofing, 2019) CFTC 2019-10-01 Spoofing $1.5m judgment
CFTC v. Chicago Trading Firm and Its Co-Founder (price manipulation, 2019) CFTC 2019-09-30 Price Manipulation , Spoofing $1.8m judgment
SEC v. Block.One (unregistered distributions, 2019) SEC 2019-09-30 Unregistered Distributions — settled
SEC v. Gil Beserglik, et al. (boiler rooms, 2019) SEC 2019-09-30 Boiler Rooms — filed
SEC v. James T. Booth (ponzi schemes, 2019) SEC 2019-09-30 Ponzi Schemes — filed
SEC v. iQuantifi, Inc. and Thomas F. White (unregistered distributions, 2019) SEC 2019-09-27 Unregistered Distributions $25k settled
SEC v. Sean Stewart, et al. (insider trading, 2019) SEC 2019-09-26 Insider Trading — appealed
OSC v. Solar Income Fund Inc. and others (ponzi schemes, 2019) OSC 2019-09-26 Ponzi Schemes — dismissed
SEC v. Andres Fernandez and Edison Denizard (ponzi schemes, 2019) SEC 2019-09-25 Ponzi Schemes — unknown
SEC v. Chip Hackley (matched orders, 2019) SEC 2019-09-25 Matched Orders , Undisclosed Control Blocks — unknown
SEC v. George Matin (matched orders, 2019) SEC 2019-09-25 Matched Orders , Paid Stock Promotion +2 — settled
SEC v. Harold Minsky (matched orders, 2019) SEC 2019-09-25 Matched Orders , Paid Stock Promotion +2 — settled
SEC v. James Alex Irvin (insider trading, 2019) SEC 2019-09-25 Insider Trading — settled
SEC v. William M. Apostelos, et al. (ponzi schemes, 2019) SEC 2019-09-25 Ponzi Schemes , Unregistered Distributions — judgment
SEC v. James Wallace Nall, III, et al. (insider trading, 2019) SEC 2019-09-24 Insider Trading $140k judgment
SEC v. Benjamin Conde, Defendant, and others (boiler rooms, 2019) SEC 2019-09-23 Boiler Rooms — filed
CFTC v. Trader and his Company (ponzi schemes, 2019) CFTC 2019-09-19 Ponzi Schemes — unknown
SEC v. Brian Robert Sodi, et al. (newsletter scalping, 2019) SEC 2019-09-19 Newsletter Scalping , Paid Stock Promotion +1 — settled
Corporate finance director charged with conspiring to manipulate market (ASIC, 2019) ASIC 2019-09-18 Price Manipulation — filed
SEC v. Mediatrix Capital Inc., et al. (ponzi schemes, 2019) SEC 2019-09-18 Ponzi Schemes — filed
CFTC v. Christian Trunz (spoofing, 2019) CFTC 2019-09-16 Spoofing — judgment
CFTC v. Futures Trader and Industrial Firm (spoofing, 2019) CFTC 2019-09-16 Spoofing $130k judgment
CFTC v. Traders at Major U.S. Bank (price manipulation, 2019) CFTC 2019-09-16 Price Manipulation , Spoofing — filed
SEC v. Marvell Technology Group, Ltd. (paid stock promotion, 2019) SEC 2019-09-16 Paid Stock Promotion — settled
SEC v. Vandham Securities Corp. (boiler rooms, 2019) SEC 2019-09-16 Boiler Rooms , Naked Short Selling Debate +1 — settled
SEC v. Bio Defense Corporation, et al. (boiler rooms, 2019) SEC 2019-09-13 Boiler Rooms , Unregistered Distributions $37.5m judgment
Former director convicted of market manipulation (ASIC, 2019) ASIC 2019-09-09 Price Manipulation — unknown
CFTC v. Unregistered Forex Trading Firm and Its Principal (ponzi schemes, 2019) CFTC 2019-09-09 Ponzi Schemes — filed
SEC v. Abner Silva (insider trading, 2019) SEC 2019-09-06 Insider Trading — settled
SEC v. Toon Goggles Inc., et al. (boiler rooms, 2019) SEC 2019-09-06 Boiler Rooms — judgment
SEC v. Keith G. Daubenspeck and Geoffrey L. Homer (insider trading, 2019) SEC 2019-09-05 Insider Trading $111k judgment
SEC v. Executive Financial Services, Inc. (ponzi schemes, 2019) SEC 2019-09-04 Ponzi Schemes , Unregistered Distributions — unknown
SEC v. Morrie Tobin et al. (paid stock promotion, 2019) SEC 2019-08-30 Paid Stock Promotion , Reverse Merger Schemes — filed
SEC v. EMS Capital LP (naked short selling debate, 2019) SEC 2019-08-27 Naked Short Selling Debate — settled
OSC v. Royal Bank of Canada (front running, 2019) OSC 2019-08-26 Front Running , FX Fixing +3 — settled
OSC v. The Toronto-Dominion Bank (benchmark submission rigging, 2019) OSC 2019-08-26 Benchmark Submission Rigging , Front Running +3 — settled
SEC v. Terry Wayne Kelly and Kelly Management, LLC (ponzi schemes, 2019) SEC 2019-08-22 Ponzi Schemes — settled
SEC v. ICO Rating (paid stock promotion, 2019) SEC 2019-08-20 Paid Stock Promotion — settled
SEC v. TherapeuticsMD, Inc. (insider trading, 2019) SEC 2019-08-20 Insider Trading — settled
SEC v. Bill Tsai (insider trading, 2019) SEC 2019-08-16 Insider Trading — filed
SEC v. Jehu Hand, et al. (pump and dump, 2019) SEC 2019-08-16 Pump And Dump — judgment
SEC v. Samuel Brown, et al. (paid stock promotion, 2019) SEC 2019-08-16 Paid Stock Promotion — judgment
SEC v. Lorenz Erne (insider trading, 2019) SEC 2019-08-15 Insider Trading $79.6k settled
SEC v. Thomas W. Avent, Jr., et al. (insider trading, 2019) SEC 2019-08-15 Insider Trading — settled
CFTC v. International Enterprise (boiler rooms, 2019) CFTC 2019-08-12 Boiler Rooms — unknown
SEC v. Mark E. Burns (price manipulation, 2019) SEC 2019-08-12 Price Manipulation — judgment
SEC v. Tanmaya Kabra et al. (ponzi schemes, 2019) SEC 2019-08-08 Ponzi Schemes — unknown
SEC v. Gregg Evan Jaclin, Esq. (shell factories, 2019) SEC 2019-08-06 Shell Factories — judgment
SEC v. Imran Husain, et al. (shell factories, 2019) SEC 2019-08-06 Shell Factories — judgment
CFTC v. Trader (spoofing, 2019) CFTC 2019-07-31 Spoofing $150k judgment
SEC v. James W. Holden (insider trading, 2019) SEC 2019-07-31 Insider Trading — settled
SEC v. Beaufort Secs. Ltd. and Kyriacou. (pump and dump, 2019) SEC 2019-07-29 Pump And Dump — judgment
SEC v. Christopher Plaford (insider trading, 2019) SEC 2019-07-29 Insider Trading — judgment
CFTC v. Corey D. Flaum (price manipulation, 2019) CFTC 2019-07-25 Price Manipulation , Spoofing — unknown
SEC v. Balaji Sundarraj and David O'brien (insider trading, 2019) SEC 2019-07-23 Insider Trading $35k settled
CFTC v. unnamed respondents (paid stock promotion, 2019) CFTC 2019-07-19 Paid Stock Promotion $2.9m judgment
SEC v. Carol J. Wayland, et al. (boiler rooms, 2019) SEC 2019-07-19 Boiler Rooms , Unregistered Distributions — judgment
SEC v. Garrett M. O'Rourke and Michael J. Black (pump and dump, 2019) SEC 2019-07-19 Pump And Dump — unknown
SEC v. Jun Ying (insider trading, 2019) SEC 2019-07-18 Insider Trading — judgment
SEC v. Mark Loman (insider trading, 2019) SEC 2019-07-18 Insider Trading — unknown
SEC v. William J. Milles, Jr. and Donald J. Lutzko (ponzi schemes, 2019) SEC 2019-07-18 Ponzi Schemes — filed
SEC v. Zev Saltsman, et al. (unregistered distributions, 2019) SEC 2019-07-17 Unregistered Distributions — judgment
SEC v. Henry J. Wieniewitz, III, et al. (ponzi schemes, 2019) SEC 2019-07-15 Ponzi Schemes — settled
SEC v. Jehu Hand, Esq. (pump and dump, 2019) SEC 2019-07-11 Pump And Dump — unknown
Former CEO and director of Sirtex Medical Limited pleads guilty to insider trading (ASIC, 2019) ASIC 2019-07-03 Insider Trading — filed
SEC v. GT Media, Inc. (unregistered distributions, 2019) SEC 2019-07-01 Unregistered Distributions — settled
SEC v. Tory J. R. Schalkle (insider trading, 2019) SEC 2019-07-01 Insider Trading — settled
CFTC v. Commodity Trading Firm (wash trading, 2019) CFTC 2019-06-28 Wash Trading $350k judgment
CFTC v. unnamed respondents (ponzi schemes, 2019) CFTC 2019-06-27 Ponzi Schemes $1.2m judgment
SEC v. Amrit J. S. Chahal (ponzi schemes, 2019) SEC 2019-06-27 Ponzi Schemes — judgment
SEC v. Henry Sargent et al. (undisclosed control blocks, 2019) SEC 2019-06-27 Undisclosed Control Blocks — filed
SEC v. Matthew A. Krimm, et al. (ponzi schemes, 2019) SEC 2019-06-27 Ponzi Schemes — judgment
SEC v. Rajeshwar R. Gannamaneni, Deepthi Gandra, and Linga R. Gannamaneni (insider trading, 2019) SEC 2019-06-27 Insider Trading — settled
ASIC v. Steven Oakes (insider trading, 2019) ASIC 2019-06-25 Insider Trading — unknown
CFTC v. Merrill Lynch Commodities (price manipulation, 2019) CFTC 2019-06-25 Price Manipulation , Spoofing $11.5m judgment
SEC v. Avi Chiat (ponzi schemes, 2019) SEC 2019-06-24 Ponzi Schemes — judgment
SEC v. Landon M. Smith (ponzi schemes, 2019) SEC 2019-06-24 Ponzi Schemes — filed
SEC v. Andrew J. Kandelapas (marking the close, 2019) SEC 2019-06-21 Marking The Close — judgment
SEC v. Edward Lee Moody, Jr. (ponzi schemes, 2019) SEC 2019-06-21 Ponzi Schemes — judgment
SEC v. Kit Mun Chan, Lau Kean Chong, Chong Poui Fan, Binji Lu, and Youn Chien Wong (matched orders, 2019) SEC 2019-06-21 Matched Orders — filed
CFTC v. Company and its Principal (ponzi schemes, 2019) CFTC 2019-06-18 Ponzi Schemes — filed
SEC v. Raymond Starker (insider trading, 2019) SEC 2019-06-18 Insider Trading $46.3k judgment