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. Wedbush Securities, Inc. (naked short selling debate, 2019) SEC 2019-06-18 Naked Short Selling Debate — settled
SEC v. Industrial and Commercial Bank of China Financial Services LLC (naked short selling debate, 2019) SEC 2019-06-14 Naked Short Selling Debate — settled
SEC v. Roland M. Mathys (insider trading, 2019) SEC 2019-06-13 Insider Trading — unknown
SEC v. Christopher Salis, et al. (insider trading, 2019) SEC 2019-06-12 Insider Trading — dismissed
SEC v. Steven Fishoff, et al. (insider trading, 2019) SEC 2019-06-11 Insider Trading — judgment
SEC v. Einstein Investments LLC (pump and dump, 2019) SEC 2019-06-05 Pump And Dump — unknown
SEC v. Longfin Corp. and Venkata S. Meenavalli, Longfin et. al (unregistered distributions, 2019) SEC 2019-06-05 Unregistered Distributions $2.9m settled
SEC v. James E. Hocker (ponzi schemes, 2019) SEC 2019-06-04 Ponzi Schemes — judgment
SEC v. Syed Arham Arbab, Artis Proficio Capital Investments, LLC, and Artis Proficio Capital Management, LLC (ponzi schemes, 2019) SEC 2019-06-03 Ponzi Schemes — unknown
SEC v. Craig H. Carton, et al. (ponzi schemes, 2019) SEC 2019-05-31 Ponzi Schemes — judgment
FCA v. Terry John Farr (benchmark submission rigging, 2019) FCA 2019-05-29 Benchmark Submission Rigging , Wash Trading — judgment
SEC v. David A. Altom and Gabriel V. Graven (insider trading, 2019) SEC 2019-05-29 Insider Trading — settled
SEC v. George Slowinski (paid stock promotion, 2019) SEC 2019-05-29 Paid Stock Promotion — filed
SEC v. Stephen Brandon Anderson (undisclosed control blocks, 2019) SEC 2019-05-28 Undisclosed Control Blocks — settled
SEC v. Robert C. Morgan (ponzi schemes, 2019) SEC 2019-05-23 Ponzi Schemes — unknown
SEC v. Howard M. Appel (float locking, 2019) SEC 2019-05-22 Float Locking — judgment
SEC v. Robert S. Davis, Jr., et al. (ponzi schemes, 2019) SEC 2019-05-22 Ponzi Schemes — filed
SEC v. Jonathan H. Seigel, et al. (ponzi schemes, 2019) SEC 2019-05-21 Ponzi Schemes , Unregistered Distributions — filed
SEC v. Mark "Christian" Ramsey (insider trading, 2019) SEC 2019-05-21 Insider Trading — filed
SEC v. David N. Osegueda, Ishmail Calvin Ross, aka Calvin Ross, Zachary R. Logan, and Jessica Snyder, fka Jessica Gutierrez (pump and dump, 2019) SEC 2019-05-20 Pump And Dump — filed
SEC v. Andrew I. Farmer, Scott R. Sieck, Eddie D. Austin, Jr., Carolyn P. Austin, and John D. Brotherton (pump and dump, 2019) SEC 2019-05-17 Pump And Dump — judgment
SEC v. Robert M. Schulman, Esq. (insider trading, 2019) SEC 2019-05-16 Insider Trading — appealed
SEC v. Wilson-Davis & Co., Inc. (paid stock promotion, 2019) SEC 2019-05-15 Paid Stock Promotion , Pump And Dump +1 — settled
SEC v. Brian Fettner, et al. (insider trading, 2019) SEC 2019-05-14 Insider Trading — judgment
SEC v. Bryan B. Long, CPA (insider trading, 2019) SEC 2019-05-13 Insider Trading — judgment
SEC v. Robert M. Morano (insider trading, 2019) SEC 2019-05-13 Insider Trading — judgment
CFTC v. CEO of Managed Fund (ponzi schemes, 2019) CFTC 2019-05-10 Ponzi Schemes — filed
SEC v. Lloyd Schuman and Dane Janes (Corrected Version) (insider trading, 2019) SEC 2019-05-09 Insider Trading — settled
SEC v. Rocco Roveccio (churning, 2019) SEC 2019-05-06 Churning — judgment
SEC v. One or More Unknown Traders in the Securities of Anadarko Petroleum Corp. (insider trading, 2019) SEC 2019-04-29 Insider Trading — judgment
SEC v. Christopher D. Dougherty, et al. (ponzi schemes, 2019) SEC 2019-04-26 Ponzi Schemes — filed
SEC v. Charter Capital Management, LLC and Steven Morris Bruce (undisclosed control blocks, 2019) SEC 2019-04-23 Undisclosed Control Blocks $40k settled
CFTC v. Forex Trading Firms and Principals (ponzi schemes, 2019) CFTC 2019-04-22 Ponzi Schemes — filed
SEC v. David M. Loflin (pump and dump, 2019) SEC 2019-04-22 Pump And Dump — settled
SEC v. Dov Zaidman, CPA and and ZBS Group LLP (shell factories, 2019) SEC 2019-04-22 Shell Factories — settled
SEC v. Yuh-Yue Chen (insider trading, 2019) SEC 2019-04-18 Insider Trading — unknown
SEC v. Quentin Louis Wilcox (insider trading, 2019) SEC 2019-04-16 Insider Trading — judgment
SEC v. Ivan Acevedo & Dane R. Roseman (ponzi schemes, 2019) SEC 2019-04-12 Ponzi Schemes — filed
SEC v. James M. Schneider, Esq. (reverse merger schemes, 2019) SEC 2019-04-10 Reverse Merger Schemes — judgment
SEC v. Paul Bannon Powers (insider trading, 2019) SEC 2019-04-10 Insider Trading — settled
SEC v. Scott Newsholme (ponzi schemes, 2019) SEC 2019-04-05 Ponzi Schemes — judgment
SEC v. Tai-Cheng Yang (insider trading, 2019) SEC 2019-04-05 Insider Trading — settled
SEC v. Evan R. Kita, et al. (insider trading, 2019) SEC 2019-04-04 Insider Trading — judgment
OSC v. Paramount Equity Financial Corporation and others (ponzi schemes, 2019) OSC 2019-03-29 Ponzi Schemes — dismissed
SEC v. Tiber Creek Corp. and James M. Cassidy (reverse merger schemes, 2019) SEC 2019-03-26 Reverse Merger Schemes — judgment
SEC v. Carol Ann Pedersen (ponzi schemes, 2019) SEC 2019-03-20 Ponzi Schemes — judgment
SEC v. Frank Morelli III and Louis Buonocore (pump and dump, 2019) SEC 2019-03-20 Pump And Dump — dismissed
SEC v. Kent R.E. Whitney, David Lee Parrish, The Church for the Healthy Self a/k/a CHS Trust, and CHS Asset Management Inc. (paid stock promotion, 2019) SEC 2019-03-18 Paid Stock Promotion , Ponzi Schemes — unknown
SEC v. William Neil "Doc" Gallagher, Gallagher Financial Group, Inc., and W. Neil Gallagher, Ph.D. Agency, Inc. (ponzi schemes, 2019) SEC 2019-03-12 Ponzi Schemes — filed
SEC v. Ascension Asset Management, LLC Gooder and Grenville M., JR. (undisclosed control blocks, 2019) SEC 2019-03-07 Undisclosed Control Blocks — unknown
CFTC v. Defendants (ponzi schemes, 2019) CFTC 2019-03-04 Ponzi Schemes $5.9m judgment
SEC v. Rong Chen, et al. (insider trading, 2019) SEC 2019-03-04 Insider Trading $167k judgment
SEC v. William C. Gennity (churning, 2019) SEC 2019-03-04 Churning — judgment
CFTC v. Krishna Mohan (spoofing, 2019) CFTC 2019-02-25 Spoofing — dismissed
SEC v. Walter C. Little and Andrew M. Berke (insider trading, 2019) SEC 2019-02-22 Insider Trading — judgment
SEC v. Joseph Frank Vacante (insider trading, 2019) SEC 2019-02-21 Insider Trading — judgment
SEC v. Gene Daniel Levoff (insider trading, 2019) SEC 2019-02-13 Insider Trading — unknown
SEC v. Jason McDiarmid, et al. (paid stock promotion, 2019) SEC 2019-02-12 Paid Stock Promotion , Pump And Dump — judgment
Former mining executive sentenced to serve 9 months for insider trading (ASIC, 2019) ASIC 2019-02-11 Insider Trading — filed
SEC v. NL Technology, LLC et al. (ponzi schemes, 2019) SEC 2019-02-11 Ponzi Schemes — judgment
SEC v. Daniel J. Callahan (insider trading, 2019) SEC 2019-02-08 Insider Trading $19.4k settled
SEC v. Spark Trading Group, LLC and Niket Shah (ponzi schemes, 2019) SEC 2019-02-08 Ponzi Schemes — judgment
CFTC v. Andre Flotron (spoofing, 2019) CFTC 2019-02-07 Spoofing $100k judgment
SEC v. Edward Withrow, et al. (paid stock promotion, 2019) SEC 2019-02-05 Paid Stock Promotion — filed
SEC v. Anthony J. Thompson, Jr., et al. (paid stock promotion, 2019) SEC 2019-02-01 Paid Stock Promotion , Pump And Dump — settled
CFTC v. Proprietary Trader (spoofing, 2019) CFTC 2019-01-31 Spoofing $120k judgment
SEC v. ADT Inc. (insider trading, 2018) SEC 2018-12-26 Insider Trading — settled
SEC v. Cherubim Interests, Inc., PDX Partners, Inc., Victura Construction Group, Inc., and Patrick Jevon Johnson (pump and dump, 2018) SEC 2018-12-26 Pump And Dump — unknown
SEC v. BioElectronics Corp. IBEX, LLC St. John's, LLC Whelan and others (unregistered distributions, 2018) SEC 2018-12-21 Unregistered Distributions $650k judgment
SEC v. Natural Blue Resources, Inc. Cohen and others (reverse merger schemes, 2018) SEC 2018-12-21 Reverse Merger Schemes $75k judgment
SEC v. Tod A. Ditommaso, Esq. (unregistered distributions, 2018) SEC 2018-12-21 Unregistered Distributions — settled
SEC v. Wealthfront Advisers, LLC and and Wealthfront, Inc. (wash trading, 2018) SEC 2018-12-21 Wash Trading — settled
SEC v. Robert S. "Lute" Davis, Jr., et al., Jordan E. Goodman., Alan H. New, et al. (ponzi schemes, 2018) SEC 2018-12-19 Ponzi Schemes $100k settled
CFTC v. Chicago-area Trader (ponzi schemes, 2018) CFTC 2018-12-17 Ponzi Schemes — settled
CFTC v. Gaylen Rust (ponzi schemes, 2018) CFTC 2018-12-17 Ponzi Schemes — filed
SEC v. Peter Cho (insider trading, 2018) SEC 2018-12-17 Insider Trading — judgment
SEC v. The Bank of New York Mellon (naked short selling debate, 2018) SEC 2018-12-17 Naked Short Selling Debate — settled
SEC v. America Modern Green Senior (Houston) LLC and America Modern Green Community (Houston) LLC and America Modern Green Residential (Houston) LLC (paid stock promotion, 2018) SEC 2018-12-12 Paid Stock Promotion $800k settled
SEC v. Lai Guanglin (Alan) (marking the close, 2018) SEC 2018-12-10 Marking The Close , Price Manipulation — settled
SEC v. Rajeshwar R. Gannamaneni, Deepthi Gandra, and Linga R. Gannamaneni (insider trading, 2018) SEC 2018-12-10 Insider Trading — unknown
SEC v. CoinAlpha Advisors LLC (unregistered distributions, 2018) SEC 2018-12-07 Unregistered Distributions — settled
SEC v. NVC Fund LLC and Frank Ekejija (pump and dump, 2018) SEC 2018-12-07 Pump And Dump — unknown
SEC v. David G. Dreslin, et al. (reverse merger schemes, 2018) SEC 2018-12-03 Reverse Merger Schemes $25k settled
SEC v. Fifth Street Management, LLC (insider trading, 2018) SEC 2018-12-03 Insider Trading — settled
SEC v. Eric T. Landis et al. (matched orders, 2018) SEC 2018-11-29 Matched Orders , Paid Stock Promotion — filed
SEC v. Floyd Mayweather Jr. (paid stock promotion, 2018) SEC 2018-11-29 Paid Stock Promotion — settled
SEC v. Khaled Khaled (paid stock promotion, 2018) SEC 2018-11-29 Paid Stock Promotion — settled
SEC v. Morrie Tobin et al. (paid stock promotion, 2018) SEC 2018-11-28 Paid Stock Promotion — filed
OSC v. Christopher Candusso and others (insider trading, 2018) OSC 2018-11-23 Insider Trading — judgment
CFTC v. Defendants Gaylen Dean Rust (ponzi schemes, 2018) CFTC 2018-11-16 Ponzi Schemes — filed
CFTC v. unnamed respondents (insider trading, 2018) CFTC 2018-11-15 Insider Trading , Spoofing — unknown
SEC v. Mark Burnett, Jeffrey Miller, Christian Romandetti, Frank Sarro, Anthony Vassallo, and Elite Stock Research, Inc. (boiler rooms, 2018) SEC 2018-11-15 Boiler Rooms — filed
SEC v. James V. Mazzo, et al. (insider trading, 2018) SEC 2018-11-14 Insider Trading — judgment
Court orders penalties and other relief against Westpac for BBSW conduct (ASIC, 2018) ASIC 2018-11-09 Price Manipulation — unknown
SEC v. Arthur Lamar Adams et al. (ponzi schemes, 2018) SEC 2018-11-09 Ponzi Schemes — settled
SEC v. Joseph Meli, et al. (ponzi schemes, 2018) SEC 2018-11-09 Ponzi Schemes — settled
SEC v. Kevin B. Merrill, et al. (ponzi schemes, 2018) SEC 2018-11-09 Ponzi Schemes — filed
SEC v. Pyxus International, Inc. (wash trading, 2018) SEC 2018-11-09 Wash Trading — settled
SEC v. Craig H. Carton, et al. (ponzi schemes, 2018) SEC 2018-11-08 Ponzi Schemes — filed
SEC v. James E. Hengen (insider trading, 2018) SEC 2018-11-08 Insider Trading — judgment