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. Mark Alan Bourgeois (undisclosed control blocks, 2022) SEC 2022-03-02 Undisclosed Control Blocks filed
SEC v. Andrew T.E. Coldicutt (pump and dump, 2022) SEC 2022-03-01 Pump And Dump unknown
SEC v. John-Michael Havrilla (insider trading, 2022) SEC 2022-02-22 Insider Trading $160k judgment
SEC v. Global Wholehealth Partners Corp., Charles Strongo, Brian M. Volmer, Joshua Yafa, Jamie M. Yafa, and Empire Associates, Inc. (paid stock promotion, 2022) SEC 2022-02-17 Paid Stock Promotion , Pump And Dump filed
SEC v. Nathaniel Brown, Benjamin Wylam, Naveen Sood, Marcus Bannon, Matthew Rauch, And Naresh Ramaiya (insider trading, 2022) SEC 2022-02-11 Insider Trading judgment
SEC v. Robert Lenard Booth, Michael D'Urso, Daniel T. Wellcome Jr., Alyssa D'Urso, Antonella Chiaramonte, and Jay Garnock) (boiler rooms, 2022) SEC 2022-02-09 Boiler Rooms unknown
SEC v. Michael M. Beck, a/k/a @BigMoneyMike6, and Relief Defendant Helen P. Robinson (newsletter scalping, 2022) SEC 2022-02-07 Newsletter Scalping filed
Caloundra man pleads guilty to insider trading (ASIC, 2022) ASIC 2022-01-28 Insider Trading unknown
SEC v. SeeThruEquity, LLC, Ajay Tandon, and Amit Tandon (newsletter scalping, 2022) SEC 2022-01-28 Newsletter Scalping $250k judgment
SEC v. Milrud (layering, 2022) SEC 2022-01-26 Layering judgment
CFTC v. William S. Evans III (ponzi schemes, 2022) CFTC 2022-01-19 Ponzi Schemes $17m judgment
SEC v. David P. Forte, Gregory P. Manning and John D. Younis (insider trading, 2022) SEC 2022-01-19 Insider Trading unknown
SEC v. Douglas A. Roth (insider trading, 2022) SEC 2022-01-13 Insider Trading judgment
SEC v. David S. Sargent and Christopher M. Klundt (insider trading, 2022) SEC 2022-01-11 Insider Trading unknown
SEC v. Tanmaya Kabra et al. (ponzi schemes, 2022) SEC 2022-01-06 Ponzi Schemes judgment
CFTC v. New Jersey-Based Entities and Individuals (ponzi schemes, 2021) CFTC 2021-12-28 Ponzi Schemes unknown
CFTC v. Dubai Traders and Their Firms (wash trading, 2021) CFTC 2021-12-27 Wash Trading $100k judgment
SEC v. Marco "Sully" Perez and Permian Basin Proppants, Inc. (ponzi schemes, 2021) SEC 2021-12-22 Ponzi Schemes filed
SEC v. Daniel V.T. Catenacci (insider trading, 2021) SEC 2021-12-20 Insider Trading filed
SEC v. J.P. Morgan Securities LLC (chat group pumps, 2021) SEC 2021-12-17 Chat Group Pumps filed
SEC v. Wedbush Securities Inc. (undisclosed control blocks, 2021) SEC 2021-12-15 Unregistered Distributions $1m settled
CFTC v. Puerto Rico Resident and His Firm (wash trading, 2021) CFTC 2021-12-10 Wash Trading settled
SEC v. Mohammed Pithapurwala, Ammar Kutiyanawalla, and Alifiya Kutiyanawalla (insider trading, 2021) SEC 2021-12-09 Insider Trading filed
CFTC v. Banoczay Jr. (spoofing, 2021) CFTC 2021-12-08 Spoofing $750k settled
SEC v. Auzins (unregistered distributions, 2021) SEC 2021-12-03 Unregistered Distributions filed
SEC v. Michael J. Starkweather and Andiamo Corporation (fake press releases, 2021) SEC 2021-12-03 Fake Press Releases , Paid Stock Promotion judgment
SEC v. Carnovale, et al. (paid stock promotion, 2021) SEC 2021-12-02 Paid Stock Promotion filed
SEC v. Robert C. Dobkin, Cynthia Braun, Michael Fiorillo and Jeffrey S. Gregersen (insider trading, 2021) SEC 2021-12-01 Insider Trading unknown
ASIC v. Courtenay House (ponzi schemes, 2021) ASIC 2021-11-30 Ponzi Schemes filed
SEC v. Marc Demane Debih (insider trading, 2021) SEC 2021-11-30 Insider Trading settled
SEC v. Guy Scott Griffithe and Robert William Russell (ponzi schemes, 2021) SEC 2021-11-24 Ponzi Schemes dismissed
SEC v. Carol E. Cohen and Austin Rotter (insider trading, 2021) SEC 2021-11-23 Insider Trading $91.3k judgment
SEC v. Tomer Feingold and Dov Malnik (insider trading, 2021) SEC 2021-11-23 Insider Trading judgment
SEC v. ProPetro Holding Corp. and Dale Redman (insider trading, 2021) SEC 2021-11-22 Insider Trading settled
SEC v. MIO Partners, Inc. (insider trading, 2021) SEC 2021-11-19 Insider Trading settled
SEC v. William E. Gericke, Esq. (insider trading, 2021) SEC 2021-11-19 Insider Trading settled
CFTC v. Daniel Fingerhut (wash trading, 2021) CFTC 2021-11-17 Wash Trading $600k judgment
Former executive of Healthe Care Australia sentenced to 12 months imprisonment and fined $10,000 for insider trading (ASIC, 2021) ASIC 2021-11-16 Insider Trading unknown
OSC v. Michael Paul Kraft and Michael Brian Stein (insider trading, 2021) OSC 2021-11-16 Insider Trading dismissed
SEC v. William Wright, CPA (insider trading, 2021) SEC 2021-11-12 Insider Trading judgment
SEC v. Douglas A. Roth (insider trading, 2021) SEC 2021-11-10 Insider Trading unknown
SEC v. Gerald Fauth (insider trading, 2021) SEC 2021-11-10 Insider Trading unknown
Former Quantum Resources director convicted of insider trading and market manipulation offences (ASIC, 2021) ASIC 2021-11-09 Insider Trading , Price Manipulation filed
SEC v. David P. Godwin, et al. (wash trading, 2021) SEC 2021-11-04 Wash Trading judgment
SEC v. Mark A. Miller, Saeid Jaberian and Christopher J. Rajkaran (pump and dump, 2021) SEC 2021-11-01 Pump And Dump filed
SEC v. BNZ One Capital, LLC, et al. (paid stock promotion, 2021) SEC 2021-10-29 Paid Stock Promotion , Ponzi Schemes filed
CFTC v. New Jersey Resident and His Company (ponzi schemes, 2021) CFTC 2021-10-27 Ponzi Schemes settled
SEC v. Ann M. Vick (ponzi schemes, 2021) SEC 2021-10-26 Ponzi Schemes settled
SEC v. Denis Georgiyevich Sotnikov, et al. (spoofing, 2021) SEC 2021-10-26 Spoofing $2.5m judgment
CFTC v. El Paso Resident and His Firm (ponzi schemes, 2021) CFTC 2021-10-20 Ponzi Schemes filed
CFTC v. Craig L. Clavin (ponzi schemes, 2021) CFTC 2021-10-12 Ponzi Schemes $370k judgment
CFTC v. North Carolina Companies and Their Owners (ponzi schemes, 2021) CFTC 2021-10-08 Ponzi Schemes unknown
SEC v. Steven Pagartanis (ponzi schemes, 2021) SEC 2021-10-07 Ponzi Schemes judgment
SEC v. Keith A. Wakefield (wash trading, 2021) SEC 2021-10-01 Wash Trading settled
SEC v. Adam Heimann (paid stock promotion, 2021) SEC 2021-09-30 Paid Stock Promotion settled
SEC v. Gregory L. Ciccone, et al. (ponzi schemes, 2021) SEC 2021-09-29 Ponzi Schemes unknown
SEC v. Sky Group, et al. (ponzi schemes, 2021) SEC 2021-09-29 Ponzi Schemes filed
SEC v. Jaeson Birnbaum (ponzi schemes, 2021) SEC 2021-09-28 Ponzi Schemes filed
SEC v. Tradition Securities and Derivatives, LLC (naked short selling debate, 2021) SEC 2021-09-28 Naked Short Selling Debate settled
FCA v. Colin Bermingham Individual (benchmark submission rigging, 2021) FCA 2021-09-27 Benchmark Submission Rigging , Insider Trading filed
SEC v. Suyun Gu, et al. (wash trading, 2021) SEC 2021-09-27 Wash Trading judgment
SEC v. Timothy Page et al., Daniel Cattlin and William R. Shupe (boiler rooms, 2021) SEC 2021-09-27 Boiler Rooms filed
SEC v. Xuepeng Xie (layering, 2021) SEC 2021-09-27 Layering , Spoofing $600k settled
SEC v. Frantz Simeon and First Black Enterprises, Inc. (paid stock promotion, 2021) SEC 2021-09-23 Paid Stock Promotion , Ponzi Schemes unknown
ASIC v. Dylan Rands (price manipulation, 2021) ASIC 2021-09-22 Price Manipulation unknown
SEC v. James Wallace Nall, III, Michael Hale Smith, Michael Dwaine Smith, Robert Walter Smith and Walter Vice Tutt (insider trading, 2021) SEC 2021-09-21 Insider Trading $221k judgment
CFTC v. Former Hawaii Resident (ponzi schemes, 2021) CFTC 2021-09-16 Ponzi Schemes filed
SEC v. Jason Dodd Bullard, Angela Romero-Bullard, and Bullard Enterprises LLC (ponzi schemes, 2021) SEC 2021-09-16 Ponzi Schemes unknown
CFTC v. Ronald Montano (wash trading, 2021) CFTC 2021-09-15 Wash Trading $1.7m judgment
SEC v. Charles Parkinson Lloyd (reverse merger schemes, 2021) SEC 2021-09-15 Reverse Merger Schemes , Unregistered Distributions settled
SEC v. Simon Piers Thurlow, et al. (reverse merger schemes, 2021) SEC 2021-09-15 Reverse Merger Schemes settled
Melbourne man charged with insider trading (ASIC, 2021) ASIC 2021-09-14 Insider Trading filed
CFTC v. Texas Resident and others (ponzi schemes, 2021) CFTC 2021-09-14 Ponzi Schemes , Wash Trading filed
SEC v. App Annie Inc. and Bertrand Schmitt (insider trading, 2021) SEC 2021-09-14 Insider Trading settled
SEC v. Mark Ahn (insider trading, 2021) SEC 2021-09-10 Insider Trading judgment
SEC v. Todd Elliott Hitt et al. (ponzi schemes, 2021) SEC 2021-09-10 Ponzi Schemes dismissed
SEC v. Rivetz Corp., Rivetz International SEZC, and Steven K. Sprague (paid stock promotion, 2021) SEC 2021-09-08 Paid Stock Promotion filed
SEC v. Cavco Industries, Inc., Joseph Stegmayer, and Daniel Urness, Robert Scott Parkhurst (insider trading, 2021) SEC 2021-09-03 Insider Trading $1.5m judgment
SEC v. Alexander Kon (paid stock promotion, 2021) SEC 2021-09-01 Paid Stock Promotion unknown
SEC v. Zeeshawn S. Zia (boiler rooms, 2021) SEC 2021-09-01 Boiler Rooms filed
SEC v. Steven Fitzgerald Brown (ponzi schemes, 2021) SEC 2021-08-31 Ponzi Schemes judgment
SEC v. Beth Mueller (insider trading, 2021) SEC 2021-08-30 Insider Trading settled
SEC v. Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc. (spoofing, 2021) SEC 2021-08-30 Spoofing settled
SEC v. Cetera Advisor Networks LLC (spoofing, 2021) SEC 2021-08-30 Spoofing settled
SEC v. Donald G. Blakstad, et al. (insider trading, 2021) SEC 2021-08-30 Insider Trading unknown
SEC v. KMS Financial Services, Inc. (spoofing, 2021) SEC 2021-08-30 Spoofing settled
SEC v. Roger E. Dobrovodsky (unregistered distributions, 2021) SEC 2021-08-30 Unregistered Distributions $50k settled
SEC v. Scott and Lisa Chasin (insider trading, 2021) SEC 2021-08-30 Insider Trading settled
CFTC v. Glen Galemmo (ponzi schemes, 2021) CFTC 2021-08-27 Ponzi Schemes settled
SEC v. William B. McHenry Jr. and First South Investments, LLC (ponzi schemes, 2021) SEC 2021-08-27 Ponzi Schemes filed
SEC v. John J. Woods, Livingston Group Asset Management Company d/b/a Southport Capital, and Horizon Private Equity, III, LLC (ponzi schemes, 2021) SEC 2021-08-25 Ponzi Schemes unknown
SEC v. Sung Mo Jun, Joon Jun, Junwoo Chon, Ayden Lee, and Jae Hyeon Bae (insider trading, 2021) SEC 2021-08-25 Insider Trading judgment
SEC v. Denise Grevas (insider trading, 2021) SEC 2021-08-18 Insider Trading filed
SEC v. William Scott Lawler, Esq. (matched orders, 2021) SEC 2021-08-18 Matched Orders , Wash Trading judgment
SEC v. Matthew Panuwat (insider trading, 2021) SEC 2021-08-17 Insider Trading filed
SEC v. Murchinson Ltd. and Marc Bistricer and Paul Zogala (naked short selling debate, 2021) SEC 2021-08-17 Naked Short Selling Debate settled
SEC v. Lawrence B. Adams (paid stock promotion, 2021) SEC 2021-08-16 Paid Stock Promotion filed
SEC v. Ahmad Haris Tajyar and Eric Leo Marsoubian (marking the close, 2021) SEC 2021-08-13 Marking The Close , Matched Orders +1 $220k settled
SEC v. Martin Adrian Ruiz et al. (ponzi schemes, 2021) SEC 2021-08-13 Ponzi Schemes unknown
SEC v. MJ Capital Funding, LLC, et al, (ponzi schemes, 2021) SEC 2021-08-13 Ponzi Schemes unknown