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. John E. Hardy III (insider trading, 2016) SEC 2016-03-18 Insider Trading $184k settled
SEC v. Cary Lee Peterson, et al. (paid stock promotion, 2016) SEC 2016-03-16 Paid Stock Promotion — filed
SEC v. Eric J. Wolff (insider trading, 2016) SEC 2016-03-16 Insider Trading — settled
SEC v. Mark A. Jones (paid stock promotion, 2016) SEC 2016-03-16 Paid Stock Promotion , Ponzi Schemes — filed
SEC v. Yue Han, et al. (insider trading, 2016) SEC 2016-03-16 Insider Trading — judgment
SEC v. Royal Alliance Associates, Inc. and Sagepoint Financial, Inc. and Fsc Securities Corporation (churning, 2016) SEC 2016-03-14 Churning — settled
Former Hanlong managing director sentenced to more than 8 years jail for insider trading (ASIC, 2016) ASIC 2016-03-11 Insider Trading — judgment
SEC v. Aequitas Management, LLC, et al. (ponzi schemes, 2016) SEC 2016-03-11 Ponzi Schemes — dismissed
SEC v. Reed J. Killion, et al. (paid stock promotion, 2016) SEC 2016-03-10 Paid Stock Promotion — judgment
SEC v. Edwin Yoshihiro Fujinaga and MRI International, Inc., et al. (ponzi schemes, 2016) SEC 2016-03-09 Ponzi Schemes — judgment
SEC v. Daryl M. Payton, et al. (insider trading, 2016) SEC 2016-03-02 Insider Trading — filed
SEC v. Craig N. Salamone (insider trading, 2016) SEC 2016-03-01 Insider Trading — settled
SEC v. Zachary Zwerko and David L. Post (insider trading, 2016) SEC 2016-03-01 Insider Trading — judgment
Court reduces jail time for New South Wales man sentenced for market manipulation (ASIC, 2016) ASIC 2016-02-29 Matched Orders , Price Manipulation — unknown
SEC v. Bonan Huang, et al. (insider trading, 2016) SEC 2016-02-26 Insider Trading — judgment
SEC v. Steven Fishoff, et al. (insider trading, 2016) SEC 2016-02-24 Insider Trading — judgment
SEC v. IBC Funds, LLC (unregistered distributions, 2016) SEC 2016-02-19 Unregistered Distributions — settled
SEC v. Nicholas A. Prezioso (insider trading, 2016) SEC 2016-02-19 Insider Trading $131k settled
SEC v. Randy A. Hamdan and Oracle Consultants, LLC (fake press releases, 2016) SEC 2016-02-17 Fake Press Releases , Pump And Dump $150k judgment
SEC v. Abdallah Fadel (insider trading, 2016) SEC 2016-02-10 Insider Trading $36k settled
CFTC v. unnamed respondents (ponzi schemes, 2016) CFTC 2016-02-09 Ponzi Schemes $8.2m judgment
SEC v. Jarrod L. Spector (insider trading, 2016) SEC 2016-02-09 Insider Trading — settled
SEC v. Robert M. Munakash, Carlos A. Rodriguez, and Marc Winters (insider trading, 2016) SEC 2016-02-08 Insider Trading — filed
Perth man charged with insider trading appears in court (ASIC, 2016) ASIC 2016-02-04 Insider Trading — filed
SEC v. Credit Suisse Securities (USA) LLC (matched orders, 2016) SEC 2016-01-31 Matched Orders — judgment
SEC v. Vlad B. Spivak, et al. (insider trading, 2016) SEC 2016-01-27 Insider Trading — judgment
SEC v. Marquis Properties, LLC (ponzi schemes, 2016) SEC 2016-01-21 Ponzi Schemes — unknown
CFTC v. Defendant Nikolai S. Battoo (ponzi schemes, 2016) CFTC 2016-01-14 Ponzi Schemes $147m judgment
SEC v. Goldman and Sachs & Co. (naked short selling debate, 2016) SEC 2016-01-14 Naked Short Selling Debate — settled
SEC v. Reid A. Hackney, CPA (insider trading, 2016) SEC 2016-01-12 Insider Trading $48.1k settled
OSC v. Paul Christopher Darrigo (churning, 2016) OSC 2016-01-08 Churning — dismissed
SEC v. Vivian S. Shields (insider trading, 2016) SEC 2016-01-04 Insider Trading — settled
SEC v. Bonan Huang, et al. (insider trading, 2015) SEC 2015-12-23 Insider Trading — judgment
SEC v. Michael J. Ling (marking the close, 2015) SEC 2015-12-23 Marking The Close , Matched Orders $100k judgment
SEC v. Danny E. Carpenter (insider trading, 2015) SEC 2015-12-22 Insider Trading — settled
SEC v. Diane D. Dalmy, Esq. (reverse merger schemes, 2015) SEC 2015-12-22 Reverse Merger Schemes , Unregistered Distributions — filed
SEC v. Morgan Stanley Investment Management Inc. and Sheila Huang (matched orders, 2015) SEC 2015-12-22 Matched Orders $125k settled
ASIC bans former financial adviser for market manipulation (2015) ASIC 2015-12-18 Price Manipulation — appealed
SEC v. Eric E. Shear (insider trading, 2015) SEC 2015-12-18 Insider Trading — settled
SEC v. Edward Laborio and Jonathan Fraiman (boiler rooms, 2015) SEC 2015-12-16 Boiler Rooms $4m judgment
SEC v. Oxford City Football Club, Inc. and Thomas Anthony Guerriero (boiler rooms, 2015) SEC 2015-12-16 Boiler Rooms — filed
Former Gunns Ltd chairman ordered to pay $500,000 pecuniary penalty for insider trading (ASIC, 2015) ASIC 2015-12-15 Insider Trading — unknown
SEC v. Jessica Gilbertson (reverse merger schemes, 2015) SEC 2015-12-15 Reverse Merger Schemes — unknown
SEC v. Jehu Hand and Antonio Katz (paid stock promotion, 2015) SEC 2015-12-11 Paid Stock Promotion , Pump And Dump — filed
OSC v. Zhen (Steven) Pang and Oasis World Trading Inc. (price manipulation, 2015) OSC 2015-12-10 Price Manipulation , Spoofing — settled
CFTC v. Total Gas (price manipulation, 2015) CFTC 2015-12-08 Price Manipulation $3.6m judgment
SEC v. Jeffrey K. Skilling et al. (insider trading, 2015) SEC 2015-12-08 Insider Trading — judgment
SEC v. Trudy R. Gilmond (ponzi schemes, 2015) SEC 2015-12-08 Ponzi Schemes — unknown
SEC v. National Note of Utah and Wayne L. Palmer (ponzi schemes, 2015) SEC 2015-12-04 Ponzi Schemes $1.1m unknown
CFTC v. Arya Motazedi (front running, 2015) CFTC 2015-12-03 Front Running , Insider Trading $100k judgment
SEC v. Homero Joshua Garza (ponzi schemes, 2015) SEC 2015-12-01 Ponzi Schemes — filed
SEC v. James A. Torchia et al. (ponzi schemes, 2015) SEC 2015-12-01 Ponzi Schemes — settled
SEC v. Marwood Group Research, LLC (insider trading, 2015) SEC 2015-11-24 Insider Trading — unknown
SEC v. Steven C. Watson (insider trading, 2015) SEC 2015-11-17 Insider Trading — settled
SEC v. Zhichen Zhou and Yannan Liu (insider trading, 2015) SEC 2015-11-10 Insider Trading — judgment
Sydney man pleads guilty to insider trading (ASIC, 2015) ASIC 2015-11-09 Insider Trading — unknown
CFTC v. Navinder Sarao (benchmark submission rigging, 2015) CFTC 2015-11-07 Benchmark Submission Rigging , Ponzi Schemes +3 $1.6m judgment
SEC v. Abraxas J. Discala, Marc E. Wexler, Matthew A. Bell, Craig L. Josephberg, and Ira Shapiro (reverse merger schemes, 2015) SEC 2015-11-04 Reverse Merger Schemes , Unregistered Distributions — judgment
OSC v. Argosy Securities Inc. and Keybase Financial Group Inc. (naked short selling debate, 2015) OSC 2015-11-03 Naked Short Selling Debate — appealed
SEC v. Fenway Partners, LLC (undisclosed control blocks, 2015) SEC 2015-11-03 Undisclosed Control Blocks — settled
SEC v. Vlad B. Spivak, et al. (insider trading, 2015) SEC 2015-11-02 Insider Trading — settled
SEC v. William M. Apostelos, et al. (ponzi schemes, 2015) SEC 2015-10-30 Ponzi Schemes — unknown
SEC v. Diverse Financial Corp., et al. (ponzi schemes, 2015) SEC 2015-10-29 Ponzi Schemes — unknown
SEC v. Mary Beth Knight and Rebecca Norton (insider trading, 2015) SEC 2015-10-28 Insider Trading — judgment
SEC v. Summit Trust Company, et al. (ponzi schemes, 2015) SEC 2015-10-27 Ponzi Schemes — judgment
SEC v. James N. Fry (ponzi schemes, 2015) SEC 2015-10-26 Ponzi Schemes — settled
SEC v. Joseph Catapano and Michael Piervinanzi (paid stock promotion, 2015) SEC 2015-10-26 Paid Stock Promotion $44k judgment
SEC v. Vladimir Eydelman (insider trading, 2015) SEC 2015-10-23 Insider Trading $1.2m judgment
CFTC v. John R. Bullar (ponzi schemes, 2015) CFTC 2015-10-21 Ponzi Schemes — unknown
CFTC v. Watson (ponzi schemes, 2015) CFTC 2015-10-21 Ponzi Schemes $27m judgment
CFTC v. Chicago Trader Igor B. Oystacher & His Proprietary Trading Company (spoofing, 2015) CFTC 2015-10-20 Spoofing — unknown
SEC v. Andrew Farmer, et al. (paid stock promotion, 2015) SEC 2015-10-09 Paid Stock Promotion , Pump And Dump — unknown
SEC v. Francis J. van Steenberge and Nicolas Zanen (insider trading, 2015) SEC 2015-10-09 Insider Trading — judgment
SEC v. Allen Ross Smith (unregistered distributions, 2015) SEC 2015-10-08 Unregistered Distributions $43.3k judgment
SEC v. Briargate Trading, LLC and and Eric Oscher (spoofing, 2015) SEC 2015-10-08 Spoofing — judgment
SEC v. Garfield Taylor, Inc., et al. (ponzi schemes, 2015) SEC 2015-10-08 Ponzi Schemes $150k judgment
SEC v. Wolverine Trading, LLC and and Wolverine Asset Management, LLC (insider trading, 2015) SEC 2015-10-08 Insider Trading , Naked Short Selling Debate — settled
SEC v. Oscar Wu (insider trading, 2015) SEC 2015-10-07 Insider Trading — settled
SEC v. Commodore Financial Corp., et al. (boiler rooms, 2015) SEC 2015-10-01 Boiler Rooms , Unregistered Distributions — unknown
SEC v. Saleem Khan et al. (insider trading, 2015) SEC 2015-10-01 Insider Trading — judgment
SEC v. Spencer Pharmaceutical Inc., Jean-François Amyot, Maximilien Arella, Ian Morrice, IAB Media Inc., and Hilbroy Advisory Inc. (pump and dump, 2015) SEC 2015-10-01 Pump And Dump — judgment
SEC v. Charles Riel III and REinvest LLC (ponzi schemes, 2015) SEC 2015-09-30 Ponzi Schemes — filed
SEC v. David P. Godwin and Anthony G. Roth (wash trading, 2015) SEC 2015-09-30 Wash Trading — judgment
SEC v. James Goodland and Securus Wealth Management, LLC (marking the close, 2015) SEC 2015-09-30 Marking The Close , Reverse Merger Schemes — settled
SEC v. Christopher Mire (insider trading, 2015) SEC 2015-09-29 Insider Trading — settled
SEC v. Eddie R. Leblanc (insider trading, 2015) SEC 2015-09-29 Insider Trading — settled
SEC v. Robert L. Spallina, et al. (insider trading, 2015) SEC 2015-09-28 Insider Trading $32.9k settled
NSW man jailed for market manipulation (ASIC, 2015) ASIC 2015-09-25 Matched Orders , Price Manipulation — unknown
CFTC v. Cargill de México SA De CV (wash trading, 2015) CFTC 2015-09-25 Wash Trading $500k judgment
CFTC v. TeraExchange LLC (wash trading, 2015) CFTC 2015-09-25 Wash Trading — judgment
SEC v. iShopNoMarkup.com, Inc. (unregistered distributions, 2015) SEC 2015-09-25 Unregistered Distributions $330k judgment
SEC v. Morando Berrettini, et al. (insider trading, 2015) SEC 2015-09-25 Insider Trading — unknown
SEC v. Jason W. Galanis (matched orders, 2015) SEC 2015-09-24 Matched Orders — judgment
SEC v. Richard Condon, et al. (insider trading, 2015) SEC 2015-09-24 Insider Trading — filed
ASIC v. D J Carmichael Pty Limited (price manipulation, 2015) ASIC 2015-09-23 Price Manipulation — unknown
SEC v. Idle Media, Inc. and and Marcus Frasier (reverse merger schemes, 2015) SEC 2015-09-22 Reverse Merger Schemes — settled
SEC v. Eric McPhail, et al. (insider trading, 2015) SEC 2015-09-21 Insider Trading — settled
SEC v. Frank Morelli III and Louis Buonocore (paid stock promotion, 2015) SEC 2015-09-21 Paid Stock Promotion — filed
SEC v. Christopher D. Whetman, CPA (pump and dump, 2015) SEC 2015-09-18 Pump And Dump , Reverse Merger Schemes — dismissed
SEC v. Brian David Hall (naked short selling debate, 2015) SEC 2015-09-17 Naked Short Selling Debate — settled