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. Naufal Sanaullah (ponzi schemes, 2025) SEC 2025-01-17 Ponzi Schemes — settled
SEC v. Robert L. Ruffalo and others (insider trading, 2025) SEC 2025-01-17 Insider Trading — settled
SEC v. William R. Ruffalo (insider trading, 2025) SEC 2025-01-17 Insider Trading $108k settled
SEC v. Eric Zhu (rug pulls, 2025) SEC 2025-01-16 Rug Pulls — settled
SEC v. Alfred V. Tobia, Jr. and Elizabeth Lee (insider trading, 2025) SEC 2025-01-14 Insider Trading — settled
SEC v. Hari Prasad Sure, et al. (insider trading, 2025) SEC 2025-01-14 Insider Trading — judgment
SEC v. Robinhood Financial LLC and Robinhood Securities, LLC (naked short selling debate, 2025) SEC 2025-01-13 Naked Short Selling Debate , Spoofing — settled
SEC v. SpeedRoute LLC (layering, 2025) SEC 2025-01-10 Layering , Pump And Dump +2 — settled
SEC v. Michael Caridi (paid stock promotion, 2025) SEC 2025-01-08 Paid Stock Promotion $180k judgment
SEC v. David S. Sargent (insider trading, 2025) SEC 2025-01-07 Insider Trading $215k judgment
SEC v. Joseph M. Dupont and others (insider trading, 2025) SEC 2025-01-03 Insider Trading — judgment
SEC v. Dale B. Chappell, et al. (insider trading, 2024) SEC 2024-12-31 Insider Trading — unknown
Perth accountant charged over alleged insider trading in Genesis Minerals shares (ASIC, 2024) ASIC 2024-12-23 Insider Trading — filed
Third person sentenced for Courtenay House misconduct (ASIC, 2024) ASIC 2024-12-22 Ponzi Schemes — filed
SEC v. Silver Point Capital, L.P. (insider trading, 2024) SEC 2024-12-20 Insider Trading — filed
SEC v. Tai Mo Shan Limited (unregistered distributions, 2024) SEC 2024-12-20 Unregistered Distributions — settled
SEC v. Curt L Dewitz (insider trading, 2024) SEC 2024-12-19 Insider Trading — judgment
SEC v. Ronald Bauer et al. (pump and dump, 2024) SEC 2024-12-19 Pump And Dump — judgment
SEC v. Ken Peterman (insider trading, 2024) SEC 2024-12-18 Insider Trading — unknown
SEC v. Sai-Hong Ignatius Ou (insider trading, 2024) SEC 2024-12-18 Insider Trading $1.5m judgment
SEC v. David Chong Kyi (insider trading, 2024) SEC 2024-12-17 Insider Trading $125k settled
SEC v. Allen Y. Hsu, Esq. (ponzi schemes, 2024) SEC 2024-12-13 Ponzi Schemes $233k judgment
SEC v. Zachary Stevenson (spoofing, 2024) SEC 2024-12-13 Spoofing $150k settled
CFTC v. Storm Bryant (ponzi schemes, 2024) CFTC 2024-12-11 Ponzi Schemes $3.9m judgment
SEC v. Frederick Tayton Dencer, et al. (ponzi schemes, 2024) SEC 2024-12-11 Ponzi Schemes — filed
SEC v. John S. Clayton and others (insider trading, 2024) SEC 2024-12-11 Insider Trading , Paid Stock Promotion — filed
CFTC v. Washington State Pastor (ponzi schemes, 2024) CFTC 2024-12-10 Ponzi Schemes — unknown
SEC v. David C. Underwood (unregistered distributions, 2024) SEC 2024-12-09 Unregistered Distributions $50k settled
SEC v. Marc J. Toomey (unregistered distributions, 2024) SEC 2024-12-09 Unregistered Distributions $50k settled
SEC v. Stephen R. Bishop (unregistered distributions, 2024) SEC 2024-12-09 Unregistered Distributions — settled
SEC v. Jordan Qsar, Grant Witherspoon, Austin Bernard, and Chase Lambert (insider trading, 2024) SEC 2024-12-05 Insider Trading — judgment
CFTC v. FTX (exchange wash trading, 2024) CFTC 2024-12-04 Exchange Wash Trading , Insider Trading +3 — judgment
SEC v. Dow Rockwell LLC and Richard Dow Rockwell (ponzi schemes, 2024) SEC 2024-12-03 Ponzi Schemes — judgment
SEC v. Lightspeed Financial Services Group LLC (layering, 2024) SEC 2024-11-22 Layering , Wash Trading — settled
SEC v. Paulson Investment Company LLC (wash trading, 2024) SEC 2024-11-22 Wash Trading — settled
SEC v. Webull Financial LLC (insider trading, 2024) SEC 2024-11-22 Insider Trading — settled
SEC v. unnamed respondents (boiler rooms, 2024) SEC 2024-11-20 Boiler Rooms — dismissed
SEC v. Robert Brian Thompson (insider trading, 2024) SEC 2024-11-19 Insider Trading — judgment
FCA v. Travis Lloyd Klein (cash vs derivatives schemes, 2024) FCA 2024-11-18 Cash Vs Derivatives Schemes , Wash Trading — unknown
SEC v. Epic Capital Wealth Advisors, LLC (unregistered distributions, 2024) SEC 2024-11-08 Unregistered Distributions — judgment
SEC v. Carlos Sacanell (insider trading, 2024) SEC 2024-10-31 Insider Trading — filed
SEC v. Dusan Varga and Pannon Investment Advisors LLC (ponzi schemes, 2024) SEC 2024-10-31 Ponzi Schemes — judgment
CFTC v. two Louisiana-Based Companies and Cofounder (ponzi schemes, 2024) CFTC 2024-10-28 Ponzi Schemes — filed
CFTC v. Yueyu Bao (wash trading, 2024) CFTC 2024-10-24 Wash Trading $260k judgment
SEC v. Unisys Corporation (insider trading, 2024) SEC 2024-10-22 Insider Trading — settled
SEC v. Morrie Tobin et al. (reverse merger schemes, 2024) SEC 2024-10-18 Reverse Merger Schemes $230k judgment
SEC v. Ruimin Xie (insider trading, 2024) SEC 2024-10-17 Insider Trading $59.4k settled
SEC v. Umapathi Kakkera (insider trading, 2024) SEC 2024-10-17 Insider Trading — settled
SEC v. Baris Cabalar (churning, 2024) SEC 2024-10-16 Churning — unknown
CFTC v. Several People and Companies (ponzi schemes, 2024) CFTC 2024-10-15 Ponzi Schemes — unknown
SEC v. Destiny Robotics Corp., et al. (paid stock promotion, 2024) SEC 2024-10-15 Paid Stock Promotion — settled
SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (wash trading, 2024) SEC 2024-10-15 Wash Trading — unknown
SEC v. Matthew Groom (insider trading, 2024) SEC 2024-10-15 Insider Trading $12.9k settled
SEC v. ZM Quant Investment Ltd., Baijun Ou a/k/a Eric Ou, and Ruiqi Lau a/k/a Ricky Liu (wash trading, 2024) SEC 2024-10-15 Wash Trading — unknown
SEC v. Minerco, Inc., Bobby Shumake Japhia, and Julius Makiri Jenge (custodianship shell hijacking, 2024) SEC 2024-10-09 Custodianship Shell Hijacking , Pump And Dump — filed
CFTC v. Taiwanese Firm (wash trading, 2024) CFTC 2024-10-01 Wash Trading $200k judgment
SEC v. Barry Siegel (insider trading, 2024) SEC 2024-10-01 Insider Trading $113k judgment
SEC v. Marathon Asset Management, LP (insider trading, 2024) SEC 2024-09-30 Insider Trading — settled
SEC v. TD Securities (USA) LLC (cash vs derivatives schemes, 2024) SEC 2024-09-30 Cash Vs Derivatives Schemes , Spoofing — unknown
SEC v. Austin Kauh (insider trading, 2024) SEC 2024-09-27 Insider Trading — settled
SEC v. Bryan Scott McMillan (insider trading, 2024) SEC 2024-09-27 Insider Trading — unknown
SEC v. Eric Hannelius (insider trading, 2024) SEC 2024-09-27 Insider Trading — settled
SEC v. Mango Labs, LLC, Mango DAO, and Blockworks Foundation (unregistered distributions, 2024) SEC 2024-09-27 Unregistered Distributions — settled
SEC v. Marco Babini, et al. (paid stock promotion, 2024) SEC 2024-09-27 Paid Stock Promotion — judgment
SEC v. Robert B. Westbrook (insider trading, 2024) SEC 2024-09-27 Insider Trading — judgment
SEC v. Bhardwaj et al. (insider trading, 2024) SEC 2024-09-26 Insider Trading — judgment
SEC v. Karina N. Fernandez and others (ponzi schemes, 2024) SEC 2024-09-26 Ponzi Schemes — settled
CFTC v. Rudy Avila (ponzi schemes, 2024) CFTC 2024-09-25 Ponzi Schemes $1.5m judgment
CFTC v. Texas Associated Person (insider trading, 2024) CFTC 2024-09-25 Insider Trading — judgment
SEC v. Adage Capital Management, L.P. (undisclosed control blocks, 2024) SEC 2024-09-25 Undisclosed Control Blocks — settled
SEC v. Alphabet Inc. (undisclosed control blocks, 2024) SEC 2024-09-25 Undisclosed Control Blocks — settled
SEC v. David L. Kanen (undisclosed control blocks, 2024) SEC 2024-09-25 Undisclosed Control Blocks — settled
SEC v. Essex Woodlands Management, Inc. (undisclosed control blocks, 2024) SEC 2024-09-25 Undisclosed Control Blocks — settled
SEC v. Oaktree Capital Management, L.P. (undisclosed control blocks, 2024) SEC 2024-09-25 Undisclosed Control Blocks — settled
SEC v. The Bank of Nova Scotia (undisclosed control blocks, 2024) SEC 2024-09-25 Undisclosed Control Blocks — settled
SEC v. The Goldman Sachs Group, Inc. (undisclosed control blocks, 2024) SEC 2024-09-25 Undisclosed Control Blocks — settled
SEC v. Eric J. Watson et al. (insider trading, 2024) SEC 2024-09-24 Insider Trading — judgment
SEC v. WM Technology, Inc. (paid stock promotion, 2024) SEC 2024-09-24 Paid Stock Promotion — settled
SEC v. Benjamin Ballout, Mohamed Zayed, and William Fielding (pump and dump, 2024) SEC 2024-09-23 Pump And Dump — judgment
SEC v. DiScala et al., (pump and dump, 2024) SEC 2024-09-20 Pump And Dump , Reverse Merger Schemes — judgment
SEC v. Keith D. Beekmeyer and Andrew M. Bye (reverse merger schemes, 2024) SEC 2024-09-20 Reverse Merger Schemes — settled
SEC v. Philip Markin (insider trading, 2024) SEC 2024-09-19 Insider Trading — judgment
SEC v. Rari Capital Infrastructure LLC (unregistered distributions, 2024) SEC 2024-09-18 Unregistered Distributions — settled
SEC v. Joel David Castro Leon and Shmuel A. Sherr (spoofing, 2024) SEC 2024-09-17 Spoofing $125k judgment
SEC v. NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao, and Hua Zhao (chat group pumps, 2024) SEC 2024-09-17 Chat Group Pumps — filed
SEC v. Federico Nannini, Mauro Nannini, Alejandro Thermiotis, and Francisco Tonarely (insider trading, 2024) SEC 2024-09-16 Insider Trading — filed
SEC v. Flyfish Club, LLC (chat group pumps, 2024) SEC 2024-09-16 Chat Group Pumps , Unregistered Distributions $750k settled
CFTC v. Unregistered Florida Commodity Pool Operator and Its Chief Executive Officer (ponzi schemes, 2024) CFTC 2024-09-12 Ponzi Schemes — filed
SEC v. Anthony Guarino (boiler rooms, 2024) SEC 2024-09-12 Boiler Rooms — settled
SEC v. Dishant Gupta (insider trading, 2024) SEC 2024-09-10 Insider Trading — settled
SEC v. Hunter Haithcock a/k/a Hunter Elliott and Hunter Allen (ponzi schemes, 2024) SEC 2024-09-09 Ponzi Schemes — unknown
SEC v. James M. Phillips (insider trading, 2024) SEC 2024-09-09 Insider Trading — settled
SEC v. Stephen Forlano (insider trading, 2024) SEC 2024-09-09 Insider Trading $18.2k settled
SEC v. Esmark Inc. and James P. Bouchard (reverse merger schemes, 2024) SEC 2024-09-06 Reverse Merger Schemes — settled
CFTC v. Sam Ikkurty (ponzi schemes, 2024) CFTC 2024-09-03 Ponzi Schemes $111m judgment
SEC v. Chanon Gordon (ponzi schemes, 2024) SEC 2024-09-03 Ponzi Schemes — settled
Former Courtenay House director sentenced to 11 years imprisonment (ASIC, 2024) ASIC 2024-09-02 Ponzi Schemes — unknown
SEC v. Drew Morgan Ciccarelli (pump and dump, 2024) SEC 2024-08-30 Pump And Dump — judgment
SEC v. Nutra Pharma Corporation, et al. (unregistered distributions, 2024) SEC 2024-08-30 Unregistered Distributions — judgment
SEC v. Shaohua (Michael) Yin, et al. (insider trading, 2024) SEC 2024-08-30 Insider Trading $39.5m judgment