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. unnamed respondents (ponzi schemes, 2022) CFTC 2022-09-02 Ponzi Schemes $200k judgment
SEC v. Pavel Ruiz (ponzi schemes, 2022) SEC 2022-08-30 Ponzi Schemes — settled
SEC v. Harmel S. Rayat, RenovaCare, Inc., Jatinder Bhogal, Jeetenderjit Singh Sidhu, and Sharon Fleming (newsletter scalping, 2022) SEC 2022-08-29 Newsletter Scalping — unknown
SEC v. Heckele and Mark W., Esq. (unregistered distributions, 2022) SEC 2022-08-29 Unregistered Distributions — judgment
SEC v. Taronis Technologies, Inc., et al. (paid stock promotion, 2022) SEC 2022-08-25 Paid Stock Promotion $150k settled
CFTC v. Chicago Trader (spoofing, 2022) CFTC 2022-08-24 Spoofing $100k judgment
SEC v. Nicolas Arkells (unregistered distributions, 2022) SEC 2022-08-24 Unregistered Distributions — filed
SEC v. The Bancorp, Inc. (benchmark submission rigging, 2022) SEC 2022-08-24 Benchmark Submission Rigging — settled
SEC v. Lee Simmons (price manipulation, 2022) SEC 2022-08-19 Price Manipulation — filed
SEC v. Nicholas Daniel (insider trading, 2022) SEC 2022-08-17 Insider Trading — settled
SEC v. Sergei Polevikov, et al. (front running, 2022) SEC 2022-08-17 Front Running — dismissed
SEC v. Ann M. Dishinger, Jerrold I. Palmer, and Lawrence M. Palmer (insider trading, 2022) SEC 2022-08-16 Insider Trading — judgment
SEC v. IMC Chicago, LLC (naked short selling debate, 2022) SEC 2022-08-12 Naked Short Selling Debate — settled
SEC v. Maccio and Michelle (undisclosed control blocks, 2022) SEC 2022-08-09 Undisclosed Control Blocks — unknown
ASIC v. Don Evans (price manipulation, 2022) ASIC 2022-08-05 Price Manipulation — unknown
CFTC v. Nevada Metals Trader (spoofing, 2022) CFTC 2022-08-05 Spoofing — filed
FCA v. Christopher Gent (insider trading, 2022) FCA 2022-08-05 Insider Trading — settled
SEC v. Deccan Value Investors LP and Vinit Bodas (undisclosed control blocks, 2022) SEC 2022-08-03 Undisclosed Control Blocks — settled
SEC v. Vladimir Okhotnikov et al. (ponzi schemes, 2022) SEC 2022-08-01 Ponzi Schemes — settled
SEC v. Mark Klein, et al. (insider trading, 2022) SEC 2022-07-28 Insider Trading — judgment
SEC v. Alexandra Robert, Chalala Academy LLC (ponzi schemes, 2022) SEC 2022-07-27 Ponzi Schemes — filed
SEC v. Amit Bhardwaj, et al. (insider trading, 2022) SEC 2022-07-26 Insider Trading — unknown
SEC v. Seth Markin and Brandon Wong (insider trading, 2022) SEC 2022-07-26 Insider Trading — unknown
SEC v. Todd Lahr and Thomas Megas (ponzi schemes, 2022) SEC 2022-07-26 Ponzi Schemes — judgment
SEC v. Brijesh Goel and Akshay Niranjan (insider trading, 2022) SEC 2022-07-25 Insider Trading — filed
SEC v. Stephen E. Buyer, et al. (insider trading, 2022) SEC 2022-07-25 Insider Trading — unknown
SEC v. Apostolos Trovias (insider trading, 2022) SEC 2022-07-21 Insider Trading — judgment
CFTC v. Jimmy Gale Watson (paid stock promotion, 2022) CFTC 2022-07-18 Paid Stock Promotion , Pump And Dump $290k judgment
SEC v. Bruce Schoengood, Medifirst Solutions, Inc., and Joshua Tyrell (paid stock promotion, 2022) SEC 2022-07-18 Paid Stock Promotion — judgment
FCA v. Philippe Moryoussef Individual (benchmark submission rigging, 2022) FCA 2022-07-15 Benchmark Submission Rigging — filed
SEC v. John David McAfee and Jimmy Gale Watson, Jr. (newsletter scalping, 2022) SEC 2022-07-15 Newsletter Scalping , Paid Stock Promotion — judgment
SEC v. Steven J. Sheinfeld, CPA (insider trading, 2022) SEC 2022-07-08 Insider Trading — judgment
SEC v. Doron A. Tavlin, Afshin Farahan, and David J. Gantman (insider trading, 2022) SEC 2022-07-07 Insider Trading — unknown
SEC v. George W. Haywood (insider trading, 2022) SEC 2022-07-07 Insider Trading — filed
SEC v. Hugh Lee Sweeney (insider trading, 2022) SEC 2022-07-07 Insider Trading — settled
SEC v. John W. Pauciulo, Esq. (undisclosed control blocks, 2022) SEC 2022-07-07 Undisclosed Control Blocks $490k settled
SEC v. Matthew Wade Beasley, et al. (ponzi schemes, 2022) SEC 2022-07-01 Ponzi Schemes — filed
SEC v. Prosperity Consultants, LLC (ponzi schemes, 2022) SEC 2022-07-01 Ponzi Schemes — filed
SEC v. Daniel J. Moscatiello (insider trading, 2022) SEC 2022-06-29 Insider Trading — judgment
Former Sigma Healthcare general manager sentenced for insider trading (ASIC, 2022) ASIC 2022-06-27 Insider Trading — unknown
SEC v. Eric D. Lachow (ponzi schemes, 2022) SEC 2022-06-24 Ponzi Schemes — filed
SEC v. Steven J. Sheinfeld (insider trading, 2022) SEC 2022-06-21 Insider Trading — judgment
Caloundra man sentenced for insider trading (ASIC, 2022) ASIC 2022-06-20 Insider Trading — unknown
SEC v. Lek Securities Corporation, et. al. (layering, 2022) SEC 2022-06-17 Layering , Spoofing — appealed
OSC v. Mughal Asset Management Corporation and others (ponzi schemes, 2022) OSC 2022-06-16 Ponzi Schemes — judgment
SEC v. David Roda and Andrew Larkin (insider trading, 2022) SEC 2022-06-15 Insider Trading — judgment
SEC v. Michael Mooney, Britt Wright, and Penny Flippen (ponzi schemes, 2022) SEC 2022-06-14 Ponzi Schemes — filed
ASIC v. Benjamin Heath Cooper (price manipulation, 2022) ASIC 2022-06-10 Price Manipulation — unknown
SEC v. Lijuan "Sandra" Hao, CPA (insider trading, 2022) SEC 2022-06-09 Insider Trading $47.9k settled
SEC v. Patrick Churchville, et al. (ponzi schemes, 2022) SEC 2022-06-09 Ponzi Schemes $225k judgment
SEC v. Puneet Dikshit (insider trading, 2022) SEC 2022-06-09 Insider Trading — judgment
SEC v. Jae Cheol Oh (reverse merger schemes, 2022) SEC 2022-06-08 Reverse Merger Schemes — settled
SEC v. Stubos, et al. (paid stock promotion, 2022) SEC 2022-06-08 Paid Stock Promotion — filed
ASIC v. Gabriel Govinda (price manipulation, 2022) ASIC 2022-06-07 Price Manipulation , Pump And Dump +1 — unknown
SEC v. Mohammed Pithapurwala, Ammar Kutiyanawalla, and Alifiya Kutiyanawalla (insider trading, 2022) SEC 2022-06-01 Insider Trading $523k judgment
SEC v. Hugues Pierre Joublin (insider trading, 2022) SEC 2022-05-27 Insider Trading — judgment
SEC v. Andrew M, Middlebrooks, et al (ponzi schemes, 2022) SEC 2022-05-25 Ponzi Schemes — filed
CFTC v. Glencore (price manipulation, 2022) CFTC 2022-05-24 Price Manipulation $1.2bn judgment
SEC v. Frank B. Glassner (insider trading, 2022) SEC 2022-05-24 Insider Trading — filed
CFTC v. Oregon and others (ponzi schemes, 2022) CFTC 2022-05-19 Ponzi Schemes — unknown
SEC v. Sohrab (Sam") Sharma (paid stock promotion, 2022) SEC 2022-05-19 Paid Stock Promotion — judgment
SEC v. Wynn Charlebois et al. (ponzi schemes, 2022) SEC 2022-05-19 Ponzi Schemes — unknown
SEC v. Jillian Sidoti (undisclosed control blocks, 2022) SEC 2022-05-17 Undisclosed Control Blocks $22k judgment
CFTC v. Long Island Resident and His Firm (ponzi schemes, 2022) CFTC 2022-05-13 Ponzi Schemes — unknown
SEC v. Brenda Smith, et al. (paid stock promotion, 2022) SEC 2022-05-11 Paid Stock Promotion — filed
CFTC v. California Man and His Companies (ponzi schemes, 2022) CFTC 2022-05-10 Ponzi Schemes — filed
SEC v. Manuel A. Romero (ponzi schemes, 2022) SEC 2022-05-10 Ponzi Schemes — judgment
SEC v. Sepehr Sarshar (insider trading, 2022) SEC 2022-05-09 Insider Trading — judgment
SEC v. TKO Farms, Inc., et al. (undisclosed control blocks, 2022) SEC 2022-05-09 Undisclosed Control Blocks — filed
SEC v. Perini Capital, LLC and Michael D. Perini (undisclosed control blocks, 2022) SEC 2022-05-06 Undisclosed Control Blocks — settled
SEC v. Derek J. Slattery and TradeSmart Software RIC Corporation (ponzi schemes, 2022) SEC 2022-05-05 Ponzi Schemes — unknown
SEC v. Mark Marchi (ponzi schemes, 2022) SEC 2022-05-05 Ponzi Schemes — settled
SEC v. BTIG, LLC (naked short selling debate, 2022) SEC 2022-05-03 Naked Short Selling Debate — judgment
SEC v. Balasubrahmanya Kuchibhotla (insider trading, 2022) SEC 2022-05-02 Insider Trading — settled
SEC v. Maplelane Capital LLC (naked short selling debate, 2022) SEC 2022-05-02 Naked Short Selling Debate — settled
SEC v. American Equities, Inc., American Eagle Mortgage Management, LLC, Ross C. Miles and Maureen T. Wile (ponzi schemes, 2022) SEC 2022-04-27 Ponzi Schemes — settled
SEC v. Wealth Plus, Inc. (unregistered distributions, 2022) SEC 2022-04-27 Unregistered Distributions — settled
OSC v. Christopher Uitvlugt (ponzi schemes, 2022) OSC 2022-04-27 Ponzi Schemes — filed
SEC v. Bernard L. Compton (insider trading, 2022) SEC 2022-04-22 Insider Trading — judgment
SEC v. Moshe Strugano and Rinat Gazit (insider trading, 2022) SEC 2022-04-20 Insider Trading — filed
SEC v. Domenic Calabrigo et al. (pump and dump, 2022) SEC 2022-04-19 Pump And Dump , Undisclosed Control Blocks — filed
SEC v. The Legal Funding Group of Georgia, LLC and Benjamin S. Eichholz (unregistered distributions, 2022) SEC 2022-04-19 Unregistered Distributions — settled
SEC v. Carl Iberger and Timothy Iberger (insider trading, 2022) SEC 2022-04-15 Insider Trading $69.2k judgment
SEC v. Damon Elliott, et al. (ponzi schemes, 2022) SEC 2022-04-15 Ponzi Schemes — judgment
SEC v. Dean Shah et al. (paid stock promotion, 2022) SEC 2022-04-15 Paid Stock Promotion , Undisclosed Control Blocks — filed
CFTC v. Tennessee Trader and Two Entities (cash vs derivatives schemes, 2022) CFTC 2022-04-14 Cash Vs Derivatives Schemes , Spoofing — unknown
SEC v. Mark Loman (insider trading, 2022) SEC 2022-04-14 Insider Trading — judgment
SEC v. Ronald Bauer et al. (pump and dump, 2022) SEC 2022-04-14 Pump And Dump — filed
SEC v. Justin Wallace Herman, Anthony Michael Baker, Ian Horn, and Island Capital Inc (boiler rooms, 2022) SEC 2022-04-12 Boiler Rooms $10k judgment
SEC v. Anthony Salandra (false rumors, 2022) SEC 2022-04-11 False Rumors — settled
SEC v. Julie Minuskin, Joshua Stoll, Dennis DiRicco, Tom Casey and Golden Genesis, Inc. (ponzi schemes, 2022) SEC 2022-04-11 Ponzi Schemes — settled
CFTC v. Danish (ponzi schemes, 2022) CFTC 2022-04-08 Ponzi Schemes $4.7m judgment
CFTC v. James Vorley (spoofing, 2022) CFTC 2022-04-07 Spoofing $150k judgment
SEC v. Lloyd D. Reed (insider trading, 2022) SEC 2022-04-04 Insider Trading — settled
CFTC v. unnamed respondents (ponzi schemes, 2022) CFTC 2022-03-29 Ponzi Schemes — settled
SEC v. Hari Prasad Sure, et al., Civ. Act. (insider trading, 2022) SEC 2022-03-29 Insider Trading — unknown
CFTC v. unnamed respondents (ponzi schemes, 2022) CFTC 2022-03-22 Ponzi Schemes $150k judgment
SEC v. Francis Biller, et al. (pump and dump, 2022) SEC 2022-03-17 Pump And Dump , Spoofing — unknown
CFTC v. Four Operators (ponzi schemes, 2022) CFTC 2022-03-08 Ponzi Schemes — filed
SEC v. Joseph Orazio DeGregorio (ponzi schemes, 2022) SEC 2022-03-02 Ponzi Schemes — settled