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. Notis Global, Inc. (f/k/a Medbox, Inc.), et al. (paid stock promotion, 2017) SEC 2017-03-09 Paid Stock Promotion $6m judgment
SEC v. Arcturus Corporation, et al. (unregistered distributions, 2017) SEC 2017-03-03 Unregistered Distributions — judgment
SEC v. Thomas D. Melvin, Jr., et al. (insider trading, 2017) SEC 2017-03-03 Insider Trading — filed
OSC v. Ayaz Dhanani (Also known as Azim Virani, Michael Lee, Alex Nebris, Paul Dhanani, Samuel Ramos, and Rahim Jiwa) (insider trading, 2017) OSC 2017-03-01 Insider Trading — settled
SEC v. One or More Unknown Traders in the Securities of Fortress Investment Group, LLC (insider trading, 2017) SEC 2017-02-28 Insider Trading — judgment
SEC v. FX & Beyond Corporation et al. (ponzi schemes, 2017) SEC 2017-02-21 Ponzi Schemes — judgment
SEC v. Patrick O. Howard, et al. (ponzi schemes, 2017) SEC 2017-02-16 Ponzi Schemes — unknown
CFTC v. Carlos Javier Ramirez and His Companies (ponzi schemes, 2017) CFTC 2017-02-15 Ponzi Schemes — filed
SEC v. Sidoti & Company, LLC (insider trading, 2017) SEC 2017-02-13 Insider Trading — settled
SEC v. Yu-Cheng Lin (a.k.a. Believe Lin) (insider trading, 2017) SEC 2017-02-13 Insider Trading — judgment
SEC v. Alan Barry Staples (insider trading, 2017) SEC 2017-02-10 Insider Trading $15.2k judgment
SEC v. Shaohua (Michael) Yin, et al. (insider trading, 2017) SEC 2017-02-10 Insider Trading — judgment
SEC v. Raymond H. Barton (fake press releases, 2017) SEC 2017-02-09 Fake Press Releases — judgment
SEC v. William G. Goode (unregistered distributions, 2017) SEC 2017-02-09 Unregistered Distributions — judgment
SEC v. Oxford City Football Club, Inc. (boiler rooms, 2017) SEC 2017-02-08 Boiler Rooms — judgment
SEC v. Oxford City Football Club, Inc., et al. (boiler rooms, 2017) SEC 2017-02-08 Boiler Rooms — judgment
SEC v. Michael Affa, et al. (pump and dump, 2017) SEC 2017-02-07 Pump And Dump — judgment
SEC v. Olde Monmouth Stock Transfer Co., Inc. and Matthew J. Troster (reverse merger schemes, 2017) SEC 2017-02-07 Reverse Merger Schemes , Unregistered Distributions $100k judgment
CFTC v. The Royal Bank of Scotland (benchmark submission rigging, 2017) CFTC 2017-02-04 Benchmark Submission Rigging , Price Manipulation $85m judgment
SEC v. Varacchi, et al. (ponzi schemes, 2017) SEC 2017-02-02 Ponzi Schemes — filed
CFTC v. Florida Residents Anthony J. Klatch II and Lindsey Heim (ponzi schemes, 2017) CFTC 2017-01-27 Ponzi Schemes — judgment
SEC v. Herman Ronnie Young, Jr. d/b/a Race Cycler (ponzi schemes, 2017) SEC 2017-01-27 Ponzi Schemes — judgment
SEC v. Black and Hans Peter Interinvest Corporation, Inc. (undisclosed control blocks, 2017) SEC 2017-01-24 Undisclosed Control Blocks — judgment
SEC v. Donald P. Jones, CPA (insider trading, 2017) SEC 2017-01-23 Insider Trading $39.1k settled
SEC v. George N. Krinos (unregistered distributions, 2017) SEC 2017-01-23 Unregistered Distributions — filed
SEC v. Shelly R. McGuire, CPA (insider trading, 2017) SEC 2017-01-23 Insider Trading — settled
CFTC v. unnamed respondents (spoofing, 2017) CFTC 2017-01-19 Spoofing — unknown
CFTC v. Citigroup Global Markets Inc. (cash vs derivatives schemes, 2017) CFTC 2017-01-19 Cash Vs Derivatives Schemes , Spoofing $25m judgment
SEC v. Cort Poyner et al. (paid stock promotion, 2017) SEC 2017-01-19 Paid Stock Promotion — judgment
SEC v. Charles A. Bennett (ponzi schemes, 2017) SEC 2017-01-18 Ponzi Schemes — unknown
SEC v. Eytan Bar (insider trading, 2017) SEC 2017-01-18 Insider Trading — settled
SEC v. MDC Partners Inc. (insider trading, 2017) SEC 2017-01-18 Insider Trading — settled
SEC v. Orthofix International N.V.; Jeffrey Hammel and CPA; Brian McCollum; Kenneth Mack and Bryan McMillan (naked short selling debate, 2017) SEC 2017-01-18 Naked Short Selling Debate $40k settled
SEC v. Robin G. Charlet, Steven W. Sparks, Gregory J. Tuthill and Kirk D. Porter (unregistered distributions, 2017) SEC 2017-01-13 Unregistered Distributions $25k judgment
SEC v. Gregory W. Gray, Jr., et al. (ponzi schemes, 2017) SEC 2017-01-12 Ponzi Schemes — judgment
SEC v. ITG Inc. (naked short selling debate, 2017) SEC 2017-01-12 Naked Short Selling Debate — settled
SEC v. Douglas Furth (matched orders, 2017) SEC 2017-01-10 Matched Orders — judgment
OSC v. 2002 Concepts Inc. and others (ponzi schemes, 2017) OSC 2017-01-10 Ponzi Schemes — dismissed
CFTC v. Goldman Sachs (benchmark submission rigging, 2016) CFTC 2016-12-22 Benchmark Submission Rigging , Price Manipulation $120m judgment
SEC v. Chamroonrat, et al. (ponzi schemes, 2016) SEC 2016-12-22 Ponzi Schemes — filed
CFTC v. Defendants Igor B. Oystacher (spoofing, 2016) CFTC 2016-12-21 Spoofing $2.5m judgment
SEC v. Edward F. Panos, et al. (shell factories, 2016) SEC 2016-12-20 Shell Factories , Undisclosed Control Blocks — judgment
SEC v. Morgan Stanley & Co. LLC (benchmark submission rigging, 2016) SEC 2016-12-20 Benchmark Submission Rigging — settled
SEC v. Anthony B. Kerrigone (naked short selling debate, 2016) SEC 2016-12-16 Naked Short Selling Debate $50k settled
SEC v. Byron B. Barkley and Paul N. Davis (naked short selling debate, 2016) SEC 2016-12-16 Naked Short Selling Debate $50k settled
SEC v. Empire Stock Transfer, Inc. and Matthew J. Blevins (paid stock promotion, 2016) SEC 2016-12-16 Paid Stock Promotion , Unregistered Distributions $50k settled
SEC v. Jo Ann Myers and Hollis W. Pickett, Jr. (insider trading, 2016) SEC 2016-12-16 Insider Trading $40.4k settled
SEC v. Michael J. Muellerleile, Esq. and M2 Law Professional Corp. (reverse merger schemes, 2016) SEC 2016-12-16 Reverse Merger Schemes $70k settled
SEC v. Wilson-Davis & Company, Inc. (naked short selling debate, 2016) SEC 2016-12-16 Naked Short Selling Debate — unknown
CFTC v. unnamed respondents (matched orders, 2016) CFTC 2016-12-15 Matched Orders , Wash Trading $1.2m filed
ASIC v. Hochtief AG (insider trading, 2016) ASIC 2016-12-08 Insider Trading — unknown
SEC v. Marc Winters (insider trading, 2016) SEC 2016-12-02 Insider Trading — settled
CFTC v. Former CBOE Member Alvin (ponzi schemes, 2016) CFTC 2016-12-01 Ponzi Schemes $12.4m judgment
SEC v. Blackbird Capital Partners, LLC, et al. (ponzi schemes, 2016) SEC 2016-11-30 Ponzi Schemes — unknown
SEC v. Neman and Shervin Neman Financial, Inc. (ponzi schemes, 2016) SEC 2016-11-29 Ponzi Schemes — judgment
SEC v. Dennis Ira Ringer (unregistered distributions, 2016) SEC 2016-11-23 Unregistered Distributions $25k settled
CFTC v. unnamed respondents (spoofing, 2016) CFTC 2016-11-22 Spoofing , Wash Trading — unknown
SEC v. Capital Financial Partners, LLC et al. and others (ponzi schemes, 2016) SEC 2016-11-22 Ponzi Schemes — unknown
SEC v. Gary R. Purwin, CPA (ponzi schemes, 2016) SEC 2016-11-21 Ponzi Schemes $20k settled
CFTC v. Navinder Singh Sarao (layering, 2016) CFTC 2016-11-18 Layering , Price Manipulation +1 $38m judgment
SEC v. Sanjay Valvani and Gordon Johnston (insider trading, 2016) SEC 2016-11-14 Insider Trading — settled
CFTC v. U.K. Resident Navinder Singh (price manipulation, 2016) CFTC 2016-11-10 Price Manipulation , Spoofing — settled
SEC v. Eric McPhail and Douglas Parigian (insider trading, 2016) SEC 2016-11-09 Insider Trading — judgment
SEC v. Herbert K. Sudfeld (insider trading, 2016) SEC 2016-11-09 Insider Trading — dismissed
SEC v. Anthony Andrade, et al. (insider trading, 2016) SEC 2016-11-01 Insider Trading $150k judgment
SEC v. Nicholas H. Shermeta and Napa Properties, LLC (reverse merger schemes, 2016) SEC 2016-11-01 Reverse Merger Schemes — settled
SEC v. Michael L. Reger (reverse merger schemes, 2016) SEC 2016-10-31 Reverse Merger Schemes $250k settled
SEC v. Curt Kramer and Hope Capital, Inc. (unregistered distributions, 2016) SEC 2016-10-27 Unregistered Distributions — settled
SEC v. Christopher Salis, et al. (insider trading, 2016) SEC 2016-10-21 Insider Trading — filed
SEC v. James C. Cope, Esq. (insider trading, 2016) SEC 2016-10-21 Insider Trading — filed
SEC v. Artis Capital Management, L.P. and Michael W. Harden (insider trading, 2016) SEC 2016-10-13 Insider Trading — dismissed
SEC v. Deutsche Bank Securities Inc. (front running, 2016) SEC 2016-10-12 Front Running , Insider Trading +1 $100k judgment
SEC v. Richard Weed et al. (paid stock promotion, 2016) SEC 2016-10-04 Paid Stock Promotion , Pump And Dump +1 — judgment
CFTC v. New Jersey Residents Alcibiades Cifuentes and Jennifer Wee Cifuentes (ponzi schemes, 2016) CFTC 2016-10-01 Ponzi Schemes — filed
SEC v. Ikenna Ikokwu, et al. (ponzi schemes, 2016) SEC 2016-09-30 Ponzi Schemes — filed
SEC v. Jason W. Galanis, et al. (matched orders, 2016) SEC 2016-09-30 Matched Orders — judgment
SEC v. Louis T. Buonocore, Jeremy R. Draper, Frank J. Morelli, III, Berardino "Dino" Paolucci, Jr. and Don L. Rose (matched orders, 2016) SEC 2016-09-30 Matched Orders — settled
SEC v. Marcus A. Luna, et al. (boiler rooms, 2016) SEC 2016-09-30 Boiler Rooms , Paid Stock Promotion +1 — filed
SEC v. Vladimir Eydelman and Steven Metro (insider trading, 2016) SEC 2016-09-30 Insider Trading $1.2m settled
OSC v. Saileshwar Rao Narayan and others (ponzi schemes, 2016) OSC 2016-09-30 Ponzi Schemes — filed
SEC v. Nino Coppero del Valle et al. (insider trading, 2016) SEC 2016-09-29 Insider Trading — filed
SEC v. Och-Ziff Capital Management Group LLC Oz Management LP Och and others (paid stock promotion, 2016) SEC 2016-09-29 Paid Stock Promotion — settled
SEC v. Robert Gadimian (insider trading, 2016) SEC 2016-09-29 Insider Trading — filed
CFTC v. Advanced Trading Workshop (newsletter scalping, 2016) CFTC 2016-09-28 Newsletter Scalping , Paid Stock Promotion $470k judgment
CFTC v. SG Americas Securities (wash trading, 2016) CFTC 2016-09-28 Wash Trading $750k judgment
SEC v. Craig V. Sizer, and Miguel Mesa (boiler rooms, 2016) SEC 2016-09-28 Boiler Rooms — settled
SEC v. Jason A. Wallace (boiler rooms, 2016) SEC 2016-09-27 Boiler Rooms , Paid Stock Promotion +1 — filed
SEC v. Frank P. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading — settled
SEC v. Frank S. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading $56k settled
SEC v. Syed A. Hashim (insider trading, 2016) SEC 2016-09-26 Insider Trading — settled
SEC v. Vijay S. Rajan (insider trading, 2016) SEC 2016-09-26 Insider Trading $27.9k settled
SEC v. Colin Whelehan and Sheren Tsai (insider trading, 2016) SEC 2016-09-22 Insider Trading — settled
SEC v. Frank Tamayo (insider trading, 2016) SEC 2016-09-21 Insider Trading — settled
SEC v. Saleem Khan et al. (insider trading, 2016) SEC 2016-09-21 Insider Trading — judgment
Former Sydney investment banker charged with procuring insider trading (ASIC, 2016) ASIC 2016-09-20 Insider Trading — filed
CFTC v. JSC VTB Bank and VTB Capital PLC Jointly (wash trading, 2016) CFTC 2016-09-20 Wash Trading $5m judgment
SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-09-20 Ponzi Schemes — unknown
SEC v. Bodden and Cliffe R. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Fusion Pharm, Inc. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Microcap Management LLC Bayside Realty Holdings LLC Meadpoint Venture Partners, LLC (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment