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. Sycamore Lane Partners LLC (naked short selling debate, 2018) SEC 2018-07-23 Naked Short Selling Debate $25k settled
SEC v. Deutsche Bank Trust Company Americas (naked short selling debate, 2018) SEC 2018-07-20 Naked Short Selling Debate — settled
SEC v. Jay C. Lake, CPA (shell factories, 2018) SEC 2018-07-17 Shell Factories — settled
SEC v. Mark E. Burns, Robert W. Murray (price manipulation, 2018) SEC 2018-07-17 Price Manipulation — settled
SEC v. Gannon Giguiere et al. (paid stock promotion, 2018) SEC 2018-07-16 Paid Stock Promotion , Pump And Dump — filed
CFTC v. Commodity Trading Firm (price manipulation, 2018) CFTC 2018-07-12 Price Manipulation $3.4m judgment
SEC v. Pawel P. Dynkowski, et al. (pump and dump, 2018) SEC 2018-07-12 Pump And Dump — judgment
SEC v. Ryan Gilbertson, et al. (reverse merger schemes, 2018) SEC 2018-07-12 Reverse Merger Schemes — unknown
ASIC v. CBA (price manipulation, 2018) ASIC 2018-07-10 Price Manipulation — unknown
SEC v. Gene Shen (insider trading, 2018) SEC 2018-07-10 Insider Trading — settled
SEC v. Matthew C. Woodard (undisclosed control blocks, 2018) SEC 2018-07-10 Unregistered Distributions — judgment
SEC v. Roger S. Zullo (undisclosed control blocks, 2018) SEC 2018-07-06 Undisclosed Control Blocks — judgment
SEC v. Molina (insider trading, 2018) SEC 2018-07-05 Insider Trading $39.2k judgment
SEC v. Edward Lee Moody Jr., et. al. (ponzi schemes, 2018) SEC 2018-07-03 Ponzi Schemes — filed
SEC v. Sudhakar Reddy Bonthu (insider trading, 2018) SEC 2018-07-02 Insider Trading — filed
SEC v. Alexander Capital, L.P. (churning, 2018) SEC 2018-06-29 Churning — settled
SEC v. Bayes Capital, LLC (naked short selling debate, 2018) SEC 2018-06-28 Naked Short Selling Debate — settled
SEC v. James VanBlaricum, et al. (ponzi schemes, 2018) SEC 2018-06-26 Ponzi Schemes — settled
SEC v. Richard Weed et al. (paid stock promotion, 2018) SEC 2018-06-26 Paid Stock Promotion , Reverse Merger Schemes $150k dismissed
SEC v. James E. Hocker (ponzi schemes, 2018) SEC 2018-06-21 Ponzi Schemes — filed
SEC v. Joseph A. Fiore, Berkshire Capital Management Company, Inc., and Eat at Joe's, Ltd. (n/k/a SPYR, Inc.) (newsletter scalping, 2018) SEC 2018-06-20 Newsletter Scalping — filed
SEC v. Santillo, et al. (ponzi schemes, 2018) SEC 2018-06-20 Ponzi Schemes — unknown
CFTC v. JPMorgan Chase Bank (benchmark submission rigging, 2018) CFTC 2018-06-18 Benchmark Submission Rigging , Price Manipulation $65m judgment
SEC v. Robert M. Morano (insider trading, 2018) SEC 2018-06-11 Insider Trading — judgment
OSC v. Peter Volk (insider trading, 2018) OSC 2018-06-11 Insider Trading — unknown
SEC v. Jehu Hand, et al. (pump and dump, 2018) SEC 2018-06-06 Pump And Dump — unknown
SEC v. Ralph T. Iannelli et al. (ponzi schemes, 2018) SEC 2018-06-06 Ponzi Schemes — filed
CFTC v. Société Générale S.A. (benchmark submission rigging, 2018) CFTC 2018-06-04 Benchmark Submission Rigging , Price Manipulation $475m judgment
SEC v. Kon and Alexander (paid stock promotion, 2018) SEC 2018-05-29 Paid Stock Promotion $20k settled
SEC v. Adam S. Tracy, Esq. (undisclosed control blocks, 2018) SEC 2018-05-23 Undisclosed Control Blocks — judgment
SEC v. Todd David Alpert (insider trading, 2018) SEC 2018-05-18 Insider Trading — judgment
SEC v. Manhattan Transfer Registrar Company and John C. Ahearn (reverse merger schemes, 2018) SEC 2018-05-17 Reverse Merger Schemes , Undisclosed Control Blocks — settled
SEC v. Chardan Capital Markets, LLC (undisclosed control blocks, 2018) SEC 2018-05-16 Unregistered Distributions $1m settled
SEC v. Jerard Basmagy (undisclosed control blocks, 2018) SEC 2018-05-16 Unregistered Distributions $15k settled
SEC v. Keith Houlihan (boiler rooms, 2018) SEC 2018-05-09 Boiler Rooms — judgment
CFTC v. Alcibiades Cifuentes (ponzi schemes, 2018) CFTC 2018-05-08 Ponzi Schemes $1.8m judgment
SEC v. Visium Asset Management, LP (insider trading, 2018) SEC 2018-05-08 Insider Trading — dismissed
SEC v. Bovorn Rungruangnavarat (insider trading, 2018) SEC 2018-05-07 Insider Trading $2m settled
SEC v. David A. Zimliki and Russel P. Schiefer (insider trading, 2018) SEC 2018-05-04 Insider Trading — settled
OSC v. Jens Brandt and others (spoofing, 2018) OSC 2018-05-03 Spoofing — unknown
SEC v. Eddy U. Marin and Shane R. Spierdowis (paid stock promotion, 2018) SEC 2018-05-02 Paid Stock Promotion , Pump And Dump — settled
SEC v. Small Business Capital Corp. and others (ponzi schemes, 2018) SEC 2018-05-02 Ponzi Schemes $10k judgment
CFTC v. Charles H. McAllister of Alabama (ponzi schemes, 2018) CFTC 2018-04-30 Ponzi Schemes — filed
CFTC v. Glencore Agriculture B.V. and Glencore Ltd. (wash trading, 2018) CFTC 2018-04-30 Wash Trading $2m judgment
SEC v. Christopher R. Esposito, et al. (paid stock promotion, 2018) SEC 2018-04-30 Paid Stock Promotion — judgment
SEC v. Diane J. Harrison, et al. (fake press releases, 2018) SEC 2018-04-30 Fake Press Releases — settled
SEC v. William T. Walters, et al. (insider trading, 2018) SEC 2018-04-30 Insider Trading — dismissed
SEC v. AF Ocean Investment Management Company (reverse merger schemes, 2018) SEC 2018-04-25 Reverse Merger Schemes — settled
SEC v. Andy Z. Fan (fake press releases, 2018) SEC 2018-04-25 Fake Press Releases , Matched Orders +1 — settled
SEC v. ChinAmerica Andy Movie Entertainment Media Company (reverse merger schemes, 2018) SEC 2018-04-25 Reverse Merger Schemes — settled
OSC v. Nicolas Blitterswyk (insider trading, 2018) OSC 2018-04-24 Insider Trading — settled
SEC v. Scott Newsholme (ponzi schemes, 2018) SEC 2018-04-23 Ponzi Schemes — judgment
SEC v. Amrit J. S. Chahal (ponzi schemes, 2018) SEC 2018-04-16 Ponzi Schemes — filed
SEC v. Douglas Nelson (insider trading, 2018) SEC 2018-04-16 Insider Trading $15.1k settled
SEC v. Andrew J. Kandelapas (paid stock promotion, 2018) SEC 2018-04-13 Paid Stock Promotion $240k settled
CFTC v. The Kane Capital Investment Group (ponzi schemes, 2018) CFTC 2018-04-12 Ponzi Schemes — filed
SEC v. Wellness Center USA, Inc. (fake press releases, 2018) SEC 2018-04-12 Fake Press Releases , Paid Stock Promotion — settled
SEC v. William C. Gennity and Rocco Roveccio (churning, 2018) SEC 2018-04-11 Churning — judgment
South Australian day trader sentenced for market manipulation (ASIC, 2018) ASIC 2018-04-10 Price Manipulation — unknown
SEC v. The Lifepay Group, LLC, et. al. (ponzi schemes, 2018) SEC 2018-04-10 Ponzi Schemes — filed
CFTC v. Floor Broker Anuj C. Singhal (spoofing, 2018) CFTC 2018-04-09 Spoofing $150k judgment
SEC v. AMC Holdings, LLC (boiler rooms, 2018) SEC 2018-04-05 Boiler Rooms — filed
SEC v. Joseph Meli, et al., Craig H. Carton, et al. (ponzi schemes, 2018) SEC 2018-04-05 Ponzi Schemes — unknown
SEC v. Saverio J. Barbera (insider trading, 2018) SEC 2018-04-05 Insider Trading — judgment
SEC v. Christopher James Lollar (insider trading, 2018) SEC 2018-04-04 Insider Trading — judgment
SEC v. Michael Scronic (ponzi schemes, 2018) SEC 2018-04-04 Ponzi Schemes — filed
SEC v. Shane P. Fleming, et al. (insider trading, 2018) SEC 2018-04-04 Insider Trading — filed
SEC v. Sohrab ("Sam") Sharma and Robert Farkas (unregistered distributions, 2018) SEC 2018-04-02 Unregistered Distributions — filed
OSC v. Martin Bernholtz (insider trading, 2018) OSC 2018-03-29 Insider Trading — unknown
SEC v. Aegis Capital Corporation (paid stock promotion, 2018) SEC 2018-03-28 Paid Stock Promotion , Pump And Dump — filed
SEC v. Terracciano and Eugene (paid stock promotion, 2018) SEC 2018-03-28 Paid Stock Promotion — unknown
OSC v. David Tuan Seng Lim and Michael Mugford (price manipulation, 2018) OSC 2018-03-28 Price Manipulation — unknown
SEC v. Timary Delorme (pump and dump, 2018) SEC 2018-03-27 Pump And Dump $50k settled
SEC v. Joseph Spera, et al. (insider trading, 2018) SEC 2018-03-26 Insider Trading — filed
SEC v. Jon E. Montroll and Bitfunder (unregistered distributions, 2018) SEC 2018-03-23 Unregistered Distributions — filed
SEC v. Spark Trading Group LLC and Niket Shah (ponzi schemes, 2018) SEC 2018-03-23 Ponzi Schemes — filed
SEC v. Jun Ying (insider trading, 2018) SEC 2018-03-22 Insider Trading — filed
SEC v. Steven Metro (insider trading, 2018) SEC 2018-03-19 Insider Trading — filed
SEC v. Beaufort Securities Ltd. and others (matched orders, 2018) SEC 2018-03-16 Matched Orders , Pump And Dump — filed
SEC v. Merrill Lynch and Pierce and Fenner & Smith Incorporated (unregistered distributions, 2018) SEC 2018-03-08 Unregistered Distributions — settled
SEC v. New York Stock Exchange LLC and NYSE American LLC and NYSE Arca, Inc. (benchmark submission rigging, 2018) SEC 2018-03-06 Benchmark Submission Rigging — settled
SEC v. AmeraTex Energy, Inc., et al (unregistered distributions, 2018) SEC 2018-02-28 Unregistered Distributions — filed
SEC v. Analytica Bio-Energy Corp., et al., Marvin Winick (undisclosed control blocks, 2018) SEC 2018-02-28 Undisclosed Control Blocks — judgment
SEC v. Yang Xie (insider trading, 2018) SEC 2018-02-28 Insider Trading $6.7k settled
SEC v. Alan Weinberg, CPA and Weinberg & Baer LLC (reverse merger schemes, 2018) SEC 2018-02-21 Reverse Merger Schemes , Undisclosed Control Blocks — judgment
SEC v. Jonathan Strum, Esq. (reverse merger schemes, 2018) SEC 2018-02-21 Reverse Merger Schemes , Undisclosed Control Blocks — judgment
SEC v. Eric McPhail, et al. (insider trading, 2018) SEC 2018-02-20 Insider Trading — judgment
FCA v. Guillaume Adolph (benchmark submission rigging, 2018) FCA 2018-02-15 Benchmark Submission Rigging — settled
SEC v. Ara Chackerian (insider trading, 2018) SEC 2018-02-12 Insider Trading — settled
SEC v. Geoffrey H. Lunn, et al. (ponzi schemes, 2018) SEC 2018-02-12 Ponzi Schemes — judgment
Operators of 'binary options trading boiler room' banned following conviction (ASIC, 2018) ASIC 2018-02-08 Boiler Rooms — unknown
SEC v. Andrew H. Wilson, Esq. (undisclosed control blocks, 2018) SEC 2018-02-05 Unregistered Distributions — judgment
CFTC v. Deutsche Bank Securities Inc. (benchmark submission rigging, 2018) CFTC 2018-02-01 Benchmark Submission Rigging , Price Manipulation $70m judgment
ASIC commences civil penalty proceedings against Commonwealth Bank of Australia for BBSW conduct (2018) ASIC 2018-01-30 Price Manipulation — judgment
SEC v. Daniel T. Fischer (churning, 2018) SEC 2018-01-30 Churning — judgment
CFTC v. Andre Flotron (spoofing, 2018) CFTC 2018-01-29 Spoofing — filed
CFTC v. Deutsche Bank (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $30m judgment
CFTC v. HSBC Securities (USA) Inc. Pay $1.6 Million Penalty (spoofing, 2018) CFTC 2018-01-29 Spoofing $1.6m judgment
CFTC v. James Vorley and Cedric Chanu (spoofing, 2018) CFTC 2018-01-29 Spoofing — filed
CFTC v. Jiongsheng Zhao (spoofing, 2018) CFTC 2018-01-29 Spoofing — filed