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
CFTC v. Jitesh Thakkar and Edge Financial Technologies (spoofing, 2018) CFTC 2018-01-29 Spoofing — filed
CFTC v. Three Banks (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $1.6m judgment
CFTC v. Trader Krishna Mohan (spoofing, 2018) CFTC 2018-01-29 Spoofing — filed
CFTC v. UBS (price manipulation, 2018) CFTC 2018-01-29 Price Manipulation , Spoofing $15m judgment
SEC v. One or More Unknown Traders in the Securities of Bioverativ, Inc. (insider trading, 2018) SEC 2018-01-26 Insider Trading — judgment
CFTC v. Randall Crater (ponzi schemes, 2018) CFTC 2018-01-24 Ponzi Schemes — filed
SEC v. Ash Narayan, The Ticket Reserve Inc. a/k/a Forward Market Media, Inc., Richard M. Harmon, and John A. Kaptrosky (ponzi schemes, 2018) SEC 2018-01-22 Ponzi Schemes $325k judgment
CFTC v. Colorado Resident Dillon Michael Dean and His Company (ponzi schemes, 2018) CFTC 2018-01-19 Ponzi Schemes — filed
SEC v. David S. Haddad, et al. (ponzi schemes, 2018) SEC 2018-01-11 Ponzi Schemes $181k judgment
FCA v. Neil Danziger (benchmark submission rigging, 2018) FCA 2018-01-08 Benchmark Submission Rigging , Cash Vs Derivatives Schemes +1 — unknown
SEC v. Robert H. Shapiro, Woodbridge Group of Companies, LLC, et al. (ponzi schemes, 2017) SEC 2017-12-21 Ponzi Schemes — filed
SEC v. Stephen C. Peters, VisionQuest Wealth Management, LLC, VisionQuest Capital, LLC, and VQ Wealth, LLC (ponzi schemes, 2017) SEC 2017-12-21 Ponzi Schemes — filed
SEC v. Ronald A. Fossum, Jr. and Alonzo R. Cahoon (unregistered distributions, 2017) SEC 2017-12-20 Unregistered Distributions — filed
SEC v. Jason A. Wallace (boiler rooms, 2017) SEC 2017-12-18 Boiler Rooms — judgment
ASIC v. Interactive Brokers LLC (marking the close, 2017) ASIC 2017-12-14 Marking The Close — unknown
SEC v. Kenneth Peer (insider trading, 2017) SEC 2017-12-14 Insider Trading $10.2k settled
SEC v. Lanny Brown, et al. (insider trading, 2017) SEC 2017-12-14 Insider Trading — judgment
AAT upholds ASIC bans of client advisers for trading in 'MINI' warrants (ASIC, 2017) ASIC 2017-12-11 Matched Orders — appealed
OSC v. Aurora Cannabis Inc. and others (insider trading, 2017) OSC 2017-12-08 Insider Trading — judgment
SEC v. Stephen J. Leonard (insider trading, 2017) SEC 2017-12-07 Insider Trading $107k judgment
SEC v. Palladino and James M. (paid stock promotion, 2017) SEC 2017-11-29 Paid Stock Promotion — unknown
CFTC v. unnamed respondents (spoofing, 2017) CFTC 2017-11-22 Spoofing , Wash Trading — unknown
FCA v. Paul Axel Walter Individual (price manipulation, 2017) FCA 2017-11-22 Price Manipulation — judgment
SEC v. Capital Financial Partners, LLC et al. (ponzi schemes, 2017) SEC 2017-11-17 Ponzi Schemes — judgment
SEC v. Nathan Whitney Drage, Esq. (reverse merger schemes, 2017) SEC 2017-11-17 Reverse Merger Schemes — unknown
Caloundra man charged for insider trading (ASIC, 2017) ASIC 2017-11-16 Insider Trading — filed
SEC v. Pedro Fort Berbel et al. (ponzi schemes, 2017) SEC 2017-11-16 Ponzi Schemes — filed
CFTC v. INTL FCStone Financial Inc. and FCStone Merchant Services LLC (wash trading, 2017) CFTC 2017-11-14 Wash Trading $280k judgment
CFTC v. Statoil ASA (price manipulation, 2017) CFTC 2017-11-14 Price Manipulation , Settlement Price Manipulation $4m judgment
SEC v. Susan L. Ellerin and Edward D. Blumstein (insider trading, 2017) SEC 2017-11-14 Insider Trading — settled
SEC v. The End of the Rainbow Partners, L.L.C., and others (ponzi schemes, 2017) SEC 2017-11-14 Ponzi Schemes — unknown
Operators of 'binary options trading boiler room' convicted and sentenced (ASIC, 2017) ASIC 2017-11-09 Boiler Rooms — unknown
SEC v. Ferrone and Stephen D. (paid stock promotion, 2017) SEC 2017-11-08 Paid Stock Promotion $120k judgment
SEC v. James P. Kolf (ponzi schemes, 2017) SEC 2017-11-03 Ponzi Schemes — settled
SEC v. Joseph Meli, et al. and Craig H. Carton, et al. (ponzi schemes, 2017) SEC 2017-10-31 Ponzi Schemes — unknown
SEC v. Andalusian Resorts and others (fake press releases, 2017) SEC 2017-10-30 Fake Press Releases , Paid Stock Promotion +2 — filed
SEC v. Artemus Mayor (paid stock promotion, 2017) SEC 2017-10-26 Paid Stock Promotion , Pump And Dump — settled
SEC v. Canterbury Consulting, Inc. (churning, 2017) SEC 2017-10-26 Churning — settled
SEC v. Harold J. Swart, Jr. (undisclosed control blocks, 2017) SEC 2017-10-26 Undisclosed Control Blocks — judgment
SEC v. J. Patrick O'Neill and Robert H. Bray (insider trading, 2017) SEC 2017-10-25 Insider Trading — appealed
SEC v. Mayank Gupta, CPA (insider trading, 2017) SEC 2017-10-19 Insider Trading — judgment
SEC v. James M. Schneider (pump and dump, 2017) SEC 2017-10-11 Pump And Dump , Reverse Merger Schemes — filed
CFTC v. Arab Global Commodities DMCC (spoofing, 2017) CFTC 2017-10-10 Spoofing $300k judgment
SEC v. Marc A. Celello (ponzi schemes, 2017) SEC 2017-10-06 Ponzi Schemes — filed
SEC v. Homero Joshua Garza (ponzi schemes, 2017) SEC 2017-10-04 Ponzi Schemes — judgment
SEC v. Arun J. Singh (insider trading, 2017) SEC 2017-10-03 Insider Trading $25k judgment
SEC v. Jammin' Java Corp. et al. (pump and dump, 2017) SEC 2017-10-03 Pump And Dump $26.4m appealed
SEC v. Martin T. Cantu (fake press releases, 2017) SEC 2017-10-02 Fake Press Releases , Pump And Dump — unknown
CFTC v. California Residents Hasan Sarwar a/k/a Alexander Sarwar (ponzi schemes, 2017) CFTC 2017-09-30 Ponzi Schemes — filed
CFTC v. Logista Advisors LLC (spoofing, 2017) CFTC 2017-09-30 Spoofing $250k judgment
CFTC v. Connecticut-Based Tillage Commodities (spoofing, 2017) CFTC 2017-09-29 Spoofing $150k judgment
SEC v. Avaneesh Krishnamoorthy (insider trading, 2017) SEC 2017-09-29 Insider Trading — judgment
SEC v. Jason McDiarmid, et al. (boiler rooms, 2017) SEC 2017-09-29 Boiler Rooms , Pump And Dump — unknown
SEC v. Micheal A. Skerry (newsletter scalping, 2017) SEC 2017-09-29 Newsletter Scalping , Paid Stock Promotion +1 $100k judgment
SEC v. David Howard Welch, et al (boiler rooms, 2017) SEC 2017-09-28 Boiler Rooms — settled
SEC v. Fengjiu Zhang and Xianli Kong (insider trading, 2017) SEC 2017-09-28 Insider Trading — settled
SEC v. Laurence M. Torres (churning, 2017) SEC 2017-09-28 Churning — settled
SEC v. Naris Chamroonrat, et al. (ponzi schemes, 2017) SEC 2017-09-28 Ponzi Schemes — judgment
SEC v. Sean Stewart et al. (insider trading, 2017) SEC 2017-09-28 Insider Trading — judgment
SEC v. Success Holding Group International, Inc. (unregistered distributions, 2017) SEC 2017-09-28 Unregistered Distributions $100k settled
SEC v. Jason Napodano, Bilal Basrai and Bryce Stirton (insider trading, 2017) SEC 2017-09-26 Insider Trading $240k settled
SEC v. LBMZ Securities, Inc. (insider trading, 2017) SEC 2017-09-26 Insider Trading — settled
CFTC v. Nicholas Gelfman and Gelfman Blueprint (ponzi schemes, 2017) CFTC 2017-09-22 Ponzi Schemes — filed
OSC v. Patrick Jelf Caruso and others (insider trading, 2017) OSC 2017-09-22 Insider Trading — dismissed
SEC v. Moses Investment Company, LLC and Michael S. Moses (paid stock promotion, 2017) SEC 2017-09-22 Paid Stock Promotion — filed
SEC v. Joel P. Zingerman (insider trading, 2017) SEC 2017-09-21 Insider Trading $56.6k settled
SEC v. Justin Samuel Cary (insider trading, 2017) SEC 2017-09-21 Insider Trading — filed
SEC v. Peter C. Chang (insider trading, 2017) SEC 2017-09-20 Insider Trading — filed
Sydney man faces charges for market manipulation (ASIC, 2017) ASIC 2017-09-19 Price Manipulation — unknown
SEC v. Francisco Illarramendi, et al. (ponzi schemes, 2017) SEC 2017-09-19 Ponzi Schemes — judgment
SEC v. Lawrence F. Cluff, Jr., Roger E. Shaoul, and James Shaoul (insider trading, 2017) SEC 2017-09-13 Insider Trading — judgment
SEC v. Mayank Gupta, et al. (insider trading, 2017) SEC 2017-09-13 Insider Trading $23.8k settled
SEC v. Potomac Asset Management Company, Inc. and Goodloe E. Byron, Jr. (undisclosed control blocks, 2017) SEC 2017-09-11 Undisclosed Control Blocks — settled
SEC v. Brett Kennedy, et al. (insider trading, 2017) SEC 2017-09-07 Insider Trading — settled
SEC v. Craig H. Carton, et al. (ponzi schemes, 2017) SEC 2017-09-06 Ponzi Schemes — filed
SEC v. Scott Newsholme (ponzi schemes, 2017) SEC 2017-09-06 Ponzi Schemes — filed
SEC v. Alan M. Stark, Esq. (insider trading, 2017) SEC 2017-09-05 Insider Trading — settled
SEC v. Richard P. Cedrone, Steven R. Ferris and George R. Thoreson (marking the close, 2017) SEC 2017-09-05 Marking The Close $75k judgment
SEC v. Evan R. Kita, et al. (insider trading, 2017) SEC 2017-08-31 Insider Trading — filed
SEC v. Tennstar Energy, Inc., et al. (boiler rooms, 2017) SEC 2017-08-30 Boiler Rooms — filed
OSC v. Khalid Walid Jawhari (insider trading, 2017) OSC 2017-08-30 Insider Trading — unknown
SEC v. Lek Securities Corp. et al. (layering, 2017) SEC 2017-08-29 Layering , Undisclosed Control Blocks — unknown
Day trader pleads guilty to market manipulation (ASIC, 2017) ASIC 2017-08-28 Price Manipulation — unknown
SEC v. Dawn J. Bennett and DJB Holdings LLC (paid stock promotion, 2017) SEC 2017-08-28 Paid Stock Promotion , Ponzi Schemes — filed
CFTC v. South Carolina Resident Thomas Lanzana (ponzi schemes, 2017) CFTC 2017-08-25 Ponzi Schemes — filed
SEC v. Caledonian Bank Ltd., et al. (unregistered distributions, 2017) SEC 2017-08-25 Unregistered Distributions $19.2m judgment
SEC v. Jack Sini (boiler rooms, 2017) SEC 2017-08-23 Boiler Rooms — filed
SEC v. Jason Hershberger (boiler rooms, 2017) SEC 2017-08-23 Boiler Rooms — filed
SEC v. Juan M. Perez Ortega (boiler rooms, 2017) SEC 2017-08-23 Boiler Rooms — filed
SEC v. Martin Miller (boiler rooms, 2017) SEC 2017-08-23 Boiler Rooms — filed
SEC v. Shawna Leigh Lynch (boiler rooms, 2017) SEC 2017-08-23 Boiler Rooms — unknown
SEC v. Allen Chi (undisclosed control blocks, 2017) SEC 2017-08-21 Undisclosed Control Blocks — judgment
SEC v. Deerfield Management Company, L.P. (insider trading, 2017) SEC 2017-08-21 Insider Trading $3.9m settled
SEC v. Banca IMI Securities Corp. (naked short selling debate, 2017) SEC 2017-08-18 Naked Short Selling Debate — settled
CFTC v. Aruba-based Copersucar Trading A.V.V. (wash trading, 2017) CFTC 2017-08-16 Wash Trading $300k judgment
SEC v. Daniel Rivas, et al. (insider trading, 2017) SEC 2017-08-16 Insider Trading — unknown
SEC v. Robert Cortez Marshall (ponzi schemes, 2017) SEC 2017-08-16 Ponzi Schemes — filed
SEC v. KPMG LLP and John Riordan, CPA (reverse merger schemes, 2017) SEC 2017-08-15 Reverse Merger Schemes — settled
SEC v. Damon Hovannisian, et al. (insider trading, 2017) SEC 2017-08-11 Insider Trading $156k judgment
SEC v. Smith, et al. (paid stock promotion, 2017) SEC 2017-08-11 Paid Stock Promotion — judgment