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. George Ivakhnik and The Mobile Star Corporation (fake press releases, 2015) SEC 2015-09-17 Fake Press Releases — filed
SEC v. Rudolfo DeLaSierra (naked short selling debate, 2015) SEC 2015-09-17 Naked Short Selling Debate — settled
SEC v. 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, Esq. (fake press releases, 2015) SEC 2015-09-16 Fake Press Releases — judgment
SEC v. Jason Mogler, et al. (ponzi schemes, 2015) SEC 2015-09-15 Ponzi Schemes — filed
SEC v. Marco Babini et al. (paid stock promotion, 2015) SEC 2015-09-14 Paid Stock Promotion , Pump And Dump — judgment
SEC v. Joseph Paul Zada (ponzi schemes, 2015) SEC 2015-09-11 Ponzi Schemes — appealed
SEC v. Steven M. Dombrowski, CPA (insider trading, 2015) SEC 2015-09-11 Insider Trading — unknown
SEC v. Benjamin Wey, et al. (reverse merger schemes, 2015) SEC 2015-09-10 Reverse Merger Schemes — dismissed
SEC v. Maher F. Kara, et al. (insider trading, 2015) SEC 2015-09-10 Insider Trading — judgment
SEC v. BDO USA, LLP (undisclosed control blocks, 2015) SEC 2015-09-09 Undisclosed Control Blocks — judgment
SEC v. Bennett Group Financial Services, LLC Bennett and Dawn J. (churning, 2015) SEC 2015-09-09 Churning , Paid Stock Promotion — unknown
SEC v. John McEnery III et al. (insider trading, 2015) SEC 2015-09-09 Insider Trading $64.2k settled
SEC v. Sean C. Henaghan, CPA (undisclosed control blocks, 2015) SEC 2015-09-09 Undisclosed Control Blocks — judgment
SEC v. Timothy M. Roberts, Terrance F. Taylor, and Craig Constantinou (unregistered distributions, 2015) SEC 2015-09-09 Unregistered Distributions — filed
SEC v. Caribbean Pacific Marketing, Inc. (reverse merger schemes, 2015) SEC 2015-09-08 Reverse Merger Schemes — settled
SEC v. Ditto Holdings, Inc. (Now Known as Sovestech and Inc.) (unregistered distributions, 2015) SEC 2015-09-08 Unregistered Distributions — settled
SEC v. Marc S. Mandel (unregistered distributions, 2015) SEC 2015-09-08 Unregistered Distributions — settled
SEC v. Donald E. Robar (insider trading, 2015) SEC 2015-09-04 Insider Trading — settled
SEC v. Robert A. Hanner (insider trading, 2015) SEC 2015-09-04 Insider Trading — settled
SEC v. Kevin McDonnell (reverse merger schemes, 2015) SEC 2015-09-03 Reverse Merger Schemes — settled
SEC v. Mackensen & Company, Inc. and and Warren J. Mackensen (undisclosed control blocks, 2015) SEC 2015-09-03 Undisclosed Control Blocks — settled
Former Hanlong managing director pleads guilty to insider trading (ASIC, 2015) ASIC 2015-09-02 Insider Trading — filed
SEC v. Eric Aronson, et al. (ponzi schemes, 2015) SEC 2015-09-02 Ponzi Schemes $250k judgment
SEC v. Johnson Lambert LLP and Bradley Scott Diericx, CPA (ponzi schemes, 2015) SEC 2015-08-31 Ponzi Schemes — settled
CFTC v. Ron Earl McCullough (ponzi schemes, 2015) CFTC 2015-08-29 Ponzi Schemes $2.5m judgment
SEC v. Ashish Aggarwal, et al. (insider trading, 2015) SEC 2015-08-25 Insider Trading — judgment
OSC v. Paul Camillo Dinardo (ponzi schemes, 2015) OSC 2015-08-20 Ponzi Schemes — filed
SEC v. Moshe Yehuda Dunoff (boiler rooms, 2015) SEC 2015-08-20 Boiler Rooms — filed
SEC v. Citigroup Global Markets, Inc. (insider trading, 2015) SEC 2015-08-19 Insider Trading — settled
SEC v. Bradford D. Szczecinski (undisclosed control blocks, 2015) SEC 2015-08-17 Undisclosed Control Blocks — settled
SEC v. Citigroup Alternative Investments LLC and Citigroup Global Markets Inc. (benchmark submission rigging, 2015) SEC 2015-08-17 Benchmark Submission Rigging — settled
SEC v. Tamara S. Kraus (undisclosed control blocks, 2015) SEC 2015-08-17 Undisclosed Control Blocks — settled
SEC v. Cedric Cañas Maillard (insider trading, 2015) SEC 2015-08-13 Insider Trading — settled
SEC v. Palladino, et al. (ponzi schemes, 2015) SEC 2015-08-13 Ponzi Schemes — unknown
SEC v. Lamson and Jeffrey L., CPA (reverse merger schemes, 2015) SEC 2015-08-11 Reverse Merger Schemes — judgment
SEC v. Guggenheim Partners Investment Management, LLC (insider trading, 2015) SEC 2015-08-10 Insider Trading — judgment
SEC v. unnamed respondents (paid stock promotion, 2015) SEC 2015-08-10 Paid Stock Promotion , Pump And Dump — judgment
SEC v. First Xeris Corp. (undisclosed control blocks, 2015) SEC 2015-08-06 Undisclosed Control Blocks — settled
SEC v. David J. Boden, Esq. (ponzi schemes, 2015) SEC 2015-08-05 Ponzi Schemes — filed
CFTC v. Keith F. Simmons (ponzi schemes, 2015) CFTC 2015-08-01 Ponzi Schemes — settled
SEC v. Pamela S. Smith (unregistered distributions, 2015) SEC 2015-07-30 Unregistered Distributions — settled
SEC v. Timothy Patterson (unregistered distributions, 2015) SEC 2015-07-30 Unregistered Distributions — settled
SEC v. Stephen M. Coleman (unregistered distributions, 2015) SEC 2015-07-29 Unregistered Distributions — settled
SEC v. DFRF Enterprises LLC, et al. (ponzi schemes, 2015) SEC 2015-07-23 Ponzi Schemes — filed
FCA v. Lee Bruce Stewart (benchmark submission rigging, 2015) FCA 2015-07-21 Benchmark Submission Rigging , Price Manipulation — unknown
SEC v. Donald L. Koch and Koch Asset Management, LLC (marking the close, 2015) SEC 2015-07-20 Marking The Close — appealed
SEC v. Michael R. Enea (ponzi schemes, 2015) SEC 2015-07-20 Ponzi Schemes — judgment
SEC v. Herbert K. Sudfeld, Jr., et al. (insider trading, 2015) SEC 2015-07-16 Insider Trading — filed
SEC v. Timothy J. McGee, et al. (insider trading, 2015) SEC 2015-07-15 Insider Trading — appealed
SEC v. unnamed respondents (paid stock promotion, 2015) SEC 2015-07-14 Paid Stock Promotion , Pump And Dump — filed
SEC v. Oz Management, LP (insider trading, 2015) SEC 2015-07-14 Insider Trading — unknown
SEC v. Frank Tamayo (insider trading, 2015) SEC 2015-07-13 Insider Trading — judgment
CFTC v. Defendant Carl David Wright (ponzi schemes, 2015) CFTC 2015-07-11 Ponzi Schemes $1m settled
SEC v. Gerard Boudreault (insider trading, 2015) SEC 2015-07-10 Insider Trading — settled
SEC v. Patrick Lehnert (insider trading, 2015) SEC 2015-07-09 Insider Trading $15.8k settled
SEC v. Luca International Group, LLC, et al. (ponzi schemes, 2015) SEC 2015-07-06 Ponzi Schemes $25.5k settled
OSC v. Terrence Bedford (ponzi schemes, 2015) OSC 2015-07-02 Ponzi Schemes — settled
SEC v. Malcolm Segal (ponzi schemes, 2015) SEC 2015-07-01 Ponzi Schemes — filed
SEC v. Goldman and Sachs & Co. (undisclosed control blocks, 2015) SEC 2015-06-30 Undisclosed Control Blocks — settled
SEC v. Peter Voutsas (reverse merger schemes, 2015) SEC 2015-06-30 Reverse Merger Schemes , Undisclosed Control Blocks — settled
CFTC v. Illinois Resident Nick A. Wurl and His Company Ludiera Capital LLC (ponzi schemes, 2015) CFTC 2015-06-25 Ponzi Schemes — filed
SEC v. Gregg R. Mulholland (pump and dump, 2015) SEC 2015-06-25 Pump And Dump — filed
SEC v. Ireeco, LLC Ireeco Limited (paid stock promotion, 2015) SEC 2015-06-23 Paid Stock Promotion — settled
SEC v. Phil Donnahue Williamson (ponzi schemes, 2015) SEC 2015-06-23 Ponzi Schemes — judgment
CFTC v. Joseph F. Welsh III (price manipulation, 2015) CFTC 2015-06-20 Price Manipulation , Settlement Price Manipulation $500k judgment
SEC v. Norstra Energy Inc., Glen Landry and Eric Dany (paid stock promotion, 2015) SEC 2015-06-18 Paid Stock Promotion — judgment
SEC v. Sand Hill Exchange and Gerrit Hall and Elaine Ou (paid stock promotion, 2015) SEC 2015-06-17 Paid Stock Promotion — settled
SEC v. Dimitry Braverman and Vitaly Pupynin (insider trading, 2015) SEC 2015-06-16 Insider Trading — judgment
SEC v. Equity Trust Company (ponzi schemes, 2015) SEC 2015-06-16 Ponzi Schemes — judgment
SEC v. Capital Financial Partners, LLC et al. Will D. Allen and Susan C. Daub (ponzi schemes, 2015) SEC 2015-06-15 Ponzi Schemes — judgment
SEC v. Helmut Anscheringer (insider trading, 2015) SEC 2015-06-15 Insider Trading — settled
SEC v. Matthew G. Teeple et al. Andrew Miller (insider trading, 2015) SEC 2015-06-12 Insider Trading $133k judgment
SEC v. Charles Raymond Langston III, CRL Management, LLC, and Guarantee Reinsurance, Ltd. (insider trading, 2015) SEC 2015-06-11 Insider Trading $193k judgment
SEC v. Spectrum Concepts, LLC Worswick and others (unregistered distributions, 2015) SEC 2015-06-11 Unregistered Distributions — settled
SEC v. Michael J. Fefferman, Chad E. Wiegand, and Akis C. Eracleous (insider trading, 2015) SEC 2015-06-09 Insider Trading — settled
SEC v. Anthony Andrade, et al. (insider trading, 2015) SEC 2015-06-08 Insider Trading $39.6k settled
SEC v. Edmond L. Lonergan and Green Planet Group, Inc. (paid stock promotion, 2015) SEC 2015-06-02 Paid Stock Promotion — unknown
SEC v. Merrill Lynch (naked short selling debate, 2015) SEC 2015-06-01 Naked Short Selling Debate — filed
OSC v. Davide Amato and others (ponzi schemes, 2015) OSC 2015-05-29 Ponzi Schemes — judgment
SEC v. Adam S. Gottbetter, Mitchell G. Adam, and K. David Stevenson (paid stock promotion, 2015) SEC 2015-05-28 Paid Stock Promotion — settled
SEC v. Mike Taxon and Itamar Cohen (paid stock promotion, 2015) SEC 2015-05-28 Paid Stock Promotion — settled
Alleged Ponzi scheme operator faces court (ASIC, 2015) ASIC 2015-05-26 Ponzi Schemes — filed
ASIC permanently bans Australian mastermind of UK fraud (2015) ASIC 2015-05-21 Boiler Rooms — unknown
CFTC v. Barclays (benchmark submission rigging, 2015) CFTC 2015-05-21 Benchmark Submission Rigging , Price Manipulation $115m judgment
CFTC v. of Attempted Manipulation and False Reporting of Foreign Exchange Benchmark Rates (benchmark submission rigging, 2015) CFTC 2015-05-21 Benchmark Submission Rigging , FX Fixing +1 $400m judgment
FCA v. Barclays Bank PLC (benchmark submission rigging, 2015) FCA 2015-05-20 Benchmark Submission Rigging , FX Fixing — settled
SEC v. China Valves Technology, Inc., et al. (reverse merger schemes, 2015) SEC 2015-05-20 Reverse Merger Schemes $575k judgment
SEC v. Mitchell J. Stein (wash trading, 2015) SEC 2015-05-15 Wash Trading — unknown
SEC v. Brian D. Jorgenson, et al. (insider trading, 2015) SEC 2015-05-14 Insider Trading — judgment
CFTC v. United Arab Emirates Residents Heet Khara and Nasim Salim (spoofing, 2015) CFTC 2015-05-06 Spoofing — judgment
SEC v. North Dakota Developments, LLC, Robert L. Gavin, and Daniel J. Hogan, et. al. (ponzi schemes, 2015) SEC 2015-05-06 Ponzi Schemes — filed
CFTC v. North Carolina Resident Barry C. Taylor and His Companies (ponzi schemes, 2015) CFTC 2015-05-01 Ponzi Schemes — filed
OSC v. Constance Anderson (insider trading, 2015) OSC 2015-05-01 Insider Trading — unknown
SEC v. Xiaoyu Xia and Yanting Hu (insider trading, 2015) SEC 2015-04-29 Insider Trading — judgment
SEC v. Frank Perkins Hixon, Jr., et al. (insider trading, 2015) SEC 2015-04-28 Insider Trading — judgment
CFTC v. of Manipulation (benchmark submission rigging, 2015) CFTC 2015-04-24 Benchmark Submission Rigging , FX Fixing +1 $800m judgment
SEC v. Veros Partners, Inc., et al. (ponzi schemes, 2015) SEC 2015-04-24 Ponzi Schemes — filed
FCA v. Deutsche Bank AG (benchmark submission rigging, 2015) FCA 2015-04-23 Benchmark Submission Rigging , Price Manipulation — dismissed
SEC v. Houston American Energy Corp. Terwilliger and others (paid stock promotion, 2015) SEC 2015-04-23 Paid Stock Promotion $22.5k settled
SEC v. Tracy Morgan Spaeth (unregistered distributions, 2015) SEC 2015-04-23 Unregistered Distributions — settled