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. UK Trader (spoofing, 2023) CFTC 2023-08-01 Spoofing $150k judgment
SEC v. Moshe aka "Mark" Feuer, Scott A. Taylor (unregistered distributions, 2023) SEC 2023-07-31 Unregistered Distributions — settled
SEC v. Murray A. Huberfeld (unregistered distributions, 2023) SEC 2023-07-31 Unregistered Distributions — settled
SEC v. Brent Seaman, Accanito Holdings, LLC, and others (paid stock promotion, 2023) SEC 2023-07-28 Paid Stock Promotion , Ponzi Schemes — judgment
SEC v. Joseph C. Lewis, et al. (insider trading, 2023) SEC 2023-07-26 Insider Trading — filed
CFTC v. Tennessee Husband and Wife Realtors (ponzi schemes, 2023) CFTC 2023-07-25 Ponzi Schemes — filed
SEC v. Amit Dagar and Atul Bhiwapurkar (insider trading, 2023) SEC 2023-07-25 Insider Trading — unknown
SEC v. Brandon Charnas (insider trading, 2023) SEC 2023-07-25 Insider Trading — unknown
SEC v. Quantstamp, Inc. (unregistered distributions, 2023) SEC 2023-07-21 Unregistered Distributions $1m settled
SEC v. Eric J. "EJ" Dalius et al. (ponzi schemes, 2023) SEC 2023-07-20 Ponzi Schemes $112k judgment
SEC v. Monroe Capital Management Advisors, LLC (undisclosed control blocks, 2023) SEC 2023-07-20 Undisclosed Control Blocks — settled
SEC v. Robert D. Christensen, Anthony M. Matic, Foresee, Inc., The Commission PDX, LLC, The Policy PDX, Innings 150 (ponzi schemes, 2023) SEC 2023-07-20 Ponzi Schemes $200k judgment
SEC v. Chadd L. Evans (free riding and parking, 2023) SEC 2023-07-19 Free Riding And Parking $10k judgment
SEC v. James P. Anglim (boiler rooms, 2023) SEC 2023-07-17 Boiler Rooms — judgment
SEC v. Nirdosh Jagota, Ph.D. (insider trading, 2023) SEC 2023-07-17 Insider Trading — settled
SEC v. Joseph Michael Todd, et al. (ponzi schemes, 2023) SEC 2023-07-13 Ponzi Schemes — settled
CFTC v. Florida (price manipulation, 2023) CFTC 2023-07-12 Price Manipulation $11.7m judgment
SEC v. Nayeem Choudhury and Dream Venture Capital Group, LLC (paid stock promotion, 2023) SEC 2023-07-12 Paid Stock Promotion , Ponzi Schemes — unknown
SEC v. RSE Markets, Inc. (matched orders, 2023) SEC 2023-07-12 Matched Orders — settled
SEC v. Costello et al. (paid stock promotion, 2023) SEC 2023-07-11 Paid Stock Promotion — judgment
SEC v. Legend Venture Partners LLC (boiler rooms, 2023) SEC 2023-07-11 Boiler Rooms — filed
SEC v. Andrew DeFrancesco, Marlio Mauricio Diaz Cardona, Carlos Felipe Rezk, Nikola Faukovic, and Catherine DeFrancesco (pump and dump, 2023) SEC 2023-07-07 Pump And Dump — judgment
CFTC v. Unregistered Michigan Commodity Pool Operator and its President (ponzi schemes, 2023) CFTC 2023-07-06 Ponzi Schemes — unknown
SEC v. Empires Consulting Corp., et al. (paid stock promotion, 2023) SEC 2023-07-06 Paid Stock Promotion $6m judgment
ASIC v. Openmarkets (wash trading, 2023) ASIC 2023-07-05 Wash Trading — unknown
SEC v. Bruce Garelick, Michael Shvartsman, Rocket One Capital LLC, and Gerald Shvartsman (insider trading, 2023) SEC 2023-06-30 Insider Trading — unknown
SEC v. Damon R. Durante (undisclosed control blocks, 2023) SEC 2023-06-30 Undisclosed Control Blocks — unknown
SEC v. Jordan Meadow and Steven Teixeira (insider trading, 2023) SEC 2023-06-30 Insider Trading — unknown
SEC v. Juan Roman (insider trading, 2023) SEC 2023-06-30 Insider Trading $97.8k judgment
CFTC v. unnamed respondents (insider trading, 2023) CFTC 2023-06-29 Insider Trading — unknown
SEC v. Ashutosh Bhardwaj (insider trading, 2023) SEC 2023-06-29 Insider Trading — settled
SEC v. Wilson Baston (A/K/A Chanon Gordon) (ponzi schemes, 2023) SEC 2023-06-28 Ponzi Schemes — filed
SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023) SEC 2023-06-27 Boiler Rooms — judgment
SEC v. Royal Bengal Logistics, Inc. and Sanjay Singh (ponzi schemes, 2023) SEC 2023-06-26 Ponzi Schemes — filed
CFTC v. unnamed respondents (wash trading, 2023) CFTC 2023-06-20 Wash Trading — unknown
OSC v. April Vuong and Hao Quach (ponzi schemes, 2023) OSC 2023-06-19 Ponzi Schemes — dismissed
SEC v. Hal D. Mintz and Sabby Management LLC (naked short selling debate, 2023) SEC 2023-06-14 Naked Short Selling Debate — filed
SEC v. Josh S. Verne (ponzi schemes, 2023) SEC 2023-06-14 Ponzi Schemes — unknown
Former CFO of Big Un Limited charged with insider trading (ASIC, 2023) ASIC 2023-06-13 Insider Trading — filed
CFTC v. unnamed respondents (cash vs derivatives schemes, 2023) CFTC 2023-06-12 Cash Vs Derivatives Schemes — unknown
SEC v. Chimene Van Gundy and others (ponzi schemes, 2023) SEC 2023-05-31 Ponzi Schemes — judgment
SEC v. RTW Investments, LP (undisclosed control blocks, 2023) SEC 2023-05-30 Undisclosed Control Blocks — settled
SEC v. Eleazar Kauderer, GPL Ventures LLC, et al. (paid stock promotion, 2023) SEC 2023-05-24 Paid Stock Promotion — judgment
SEC v. Integrated National Resources, Inc. dba WeedGenics, Rolf Max Hirschmann aka "Max Bergmann," and Patrick Earl Williams (ponzi schemes, 2023) SEC 2023-05-23 Ponzi Schemes — unknown
ASIC bans former fund manager for naked short selling (2023) ASIC 2023-05-22 Naked Short Selling Debate — unknown
SEC v. Thomas Carter Ronk (paid stock promotion, 2023) SEC 2023-05-22 Paid Stock Promotion — judgment
SEC v. Sam A. Antar (ponzi schemes, 2023) SEC 2023-05-19 Ponzi Schemes — judgment
SEC v. Brian Raymond Callahan et al. (ponzi schemes, 2023) SEC 2023-05-17 Ponzi Schemes — judgment
SEC v. Green Stream Holdings, Inc. (unregistered distributions, 2023) SEC 2023-05-16 Unregistered Distributions — settled
SEC v. LiveWire Ergogenics, Inc. (unregistered distributions, 2023) SEC 2023-05-16 Unregistered Distributions — settled
SEC v. Principal Solar, Inc. (unregistered distributions, 2023) SEC 2023-05-16 Unregistered Distributions — settled
SEC v. SFLMaven Corp. (unregistered distributions, 2023) SEC 2023-05-16 Unregistered Distributions — settled
SEC v. Verde Bio Holdings, Inc. (unregistered distributions, 2023) SEC 2023-05-16 Unregistered Distributions — settled
Vaughan Bowen indicted on insider trading charges (ASIC, 2023) ASIC 2023-05-12 Insider Trading — filed
CFTC v. HSBC Bank USA (spoofing, 2023) CFTC 2023-05-12 Spoofing $45m judgment
SEC v. Alexander J. Dillon (undisclosed control blocks, 2023) SEC 2023-05-12 Undisclosed Control Blocks — judgment
SEC v. Cosmin I. Panait (undisclosed control blocks, 2023) SEC 2023-05-12 Undisclosed Control Blocks — judgment
SEC v. Discala et al. (price manipulation, 2023) SEC 2023-05-12 Price Manipulation — judgment
SEC v. Joshua David Nicholas, et al. (paid stock promotion, 2023) SEC 2023-05-12 Paid Stock Promotion — judgment
SEC v. Joshua Sason, et al. (Corrected) (unregistered distributions, 2023) SEC 2023-05-12 Unregistered Distributions — dismissed
SEC v. Todd Dobberfuhl (insider trading, 2023) SEC 2023-05-12 Insider Trading — settled
CFTC v. Commodity Pool Operator Tyche Asset Management LLC and its Controlling Principal (ponzi schemes, 2023) CFTC 2023-05-11 Ponzi Schemes — filed
SEC v. Charles T. Lawrence, Jr., et al. (ponzi schemes, 2023) SEC 2023-05-11 Ponzi Schemes — filed
Former Courtenay House contractor sentenced (ASIC, 2023) ASIC 2023-05-08 Ponzi Schemes — unknown
SEC v. Cedric Dewayne Griffin (ponzi schemes, 2023) SEC 2023-05-04 Ponzi Schemes — unknown
ASIC v. Gabriel Govinda (price manipulation, 2023) ASIC 2023-05-03 Price Manipulation , Pump And Dump +1 — unknown
SEC v. Brett M. Bartlett and others (ponzi schemes, 2023) SEC 2023-05-03 Ponzi Schemes — filed
SEC v. Carlos Eduardo Reyes Alvarez (wash trading, 2023) SEC 2023-05-01 Wash Trading — judgment
SEC v. Neil Bergquist; Up and Global SEZC; Coinme, Inc. (paid stock promotion, 2023) SEC 2023-04-28 Paid Stock Promotion , Unregistered Distributions $150k settled
CFTC v. Precious Metals Dealers and Their Owner (boiler rooms, 2023) CFTC 2023-04-25 Boiler Rooms — filed
SEC v. Betterment LLC (wash trading, 2023) SEC 2023-04-18 Wash Trading $9m settled
SEC v. No Respondents (insider trading, 2023) SEC 2023-04-18 Insider Trading — judgment
CFTC v. New York Resident (ponzi schemes, 2023) CFTC 2023-04-11 Ponzi Schemes — filed
SEC v. Matthew Nicosia, William Reininger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2023) SEC 2023-04-10 Boiler Rooms — judgment
SEC v. Darren L. Ofsink (reverse merger schemes, 2023) SEC 2023-04-04 Reverse Merger Schemes , Unregistered Distributions — judgment
SEC v. Michael J. French, et al. (ponzi schemes, 2023) SEC 2023-04-04 Ponzi Schemes — filed
SEC v. Michael T. Morris (price manipulation, 2023) SEC 2023-04-04 Price Manipulation — judgment
SEC v. Chatham Asset Management, LLC and Anthony Melchiorre (benchmark submission rigging, 2023) SEC 2023-04-03 Benchmark Submission Rigging $600k settled
SEC v. DiScala et al. (reverse merger schemes, 2023) SEC 2023-04-03 Reverse Merger Schemes — judgment
SEC v. Carnovale, et al. (paid stock promotion, 2023) SEC 2023-03-31 Paid Stock Promotion — judgment
SEC v. Sean Wygovsky and Christopher Matthaei (front running, 2023) SEC 2023-03-31 Front Running , Insider Trading — settled
SEC v. William Andrew Stack, Esq. (undisclosed control blocks, 2023) SEC 2023-03-31 Undisclosed Control Blocks , Unregistered Distributions $333k judgment
SEC v. Surage Kamal Roshan Perera and Janues Capital Incorporated (ponzi schemes, 2023) SEC 2023-03-29 Ponzi Schemes — filed
CFTC v. Chinese National (insider trading, 2023) CFTC 2023-03-28 Insider Trading — filed
SEC v. Aaron Cain McKnight, et al. (ponzi schemes, 2023) SEC 2023-03-27 Ponzi Schemes — judgment
SEC v. Justin Sun et al. (paid stock promotion, 2023) SEC 2023-03-24 Paid Stock Promotion , Unregistered Distributions +1 — settled
SEC v. Aliaune Damala Badara Akon Thiam (paid stock promotion, 2023) SEC 2023-03-22 Paid Stock Promotion — settled
SEC v. Jake Joseph Paul (paid stock promotion, 2023) SEC 2023-03-22 Paid Stock Promotion — settled
SEC v. Lindsay Dee Lohan (paid stock promotion, 2023) SEC 2023-03-22 Paid Stock Promotion — settled
SEC v. Michele Anne Mason (paid stock promotion, 2023) SEC 2023-03-22 Paid Stock Promotion — settled
SEC v. Miles Parks McCollum (paid stock promotion, 2023) SEC 2023-03-22 Paid Stock Promotion — settled
SEC v. Shaffer Chimere Smith (paid stock promotion, 2023) SEC 2023-03-22 Paid Stock Promotion — settled
Former Tesla Motors Australia director sentenced for insider trading (ASIC, 2023) ASIC 2023-03-20 Insider Trading — unknown
SEC v. Brian Robert Sodi, et al. (newsletter scalping, 2023) SEC 2023-03-14 Newsletter Scalping , Pump And Dump — judgment
SEC v. Mahmoud Ali Abdelkader (insider trading, 2023) SEC 2023-03-09 Insider Trading $81.6k judgment
CFTC v. Coquest Inc. (insider trading, 2023) CFTC 2023-03-08 Insider Trading $2.5m settled
SEC v. Terren S. Peizer and Acuitas Group Holdings, LLC (insider trading, 2023) SEC 2023-03-08 Insider Trading — filed
SEC v. BKCoin Management, LLC, et al. (ponzi schemes, 2023) SEC 2023-03-06 Ponzi Schemes — unknown
SEC v. Adam S. Kaplan and Daniel E. Kaplan (ponzi schemes, 2023) SEC 2023-03-03 Ponzi Schemes — filed
SEC v. Cambria Capital, LLC (unregistered distributions, 2023) SEC 2023-03-02 Unregistered Distributions $100k settled