{ "version": "https://jsonfeed.org/version/1.1", "title": "Market Manipulation: Price manipulation enforcement actions", "home_page_url": "https://marketmanipulation.org/cases/technique/price-manipulation/", "feed_url": "https://marketmanipulation.org/feeds/technique/price-manipulation.json", "description": "The 30 most recent enforcement records tagged price manipulation in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.", "language": "en-US", "items": [ { "id": "https://marketmanipulation.org/cases/cftc-george-santos-price-manipulation-2026/", "url": "https://marketmanipulation.org/cases/cftc-george-santos-price-manipulation-2026/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/9276-26", "title": "CFTC v. George Santos (price manipulation, 2026)", "summary": "In July 2026 the CFTC issued an order settling charges against former Congressman George Santos for manipulative trading in a State of the Union attendance event contract whose outcome he controlled, between February 12 and 25, 2026, to move the swap price. He pays $17,570 in disgorgement and a $17,500 penalty and is banned from trading for three years.", "date_published": "2026-07-31T00:00:00.000Z", "tags": [ "CFTC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/asic-25-302mr-price-manipulation-2025/", "url": "https://marketmanipulation.org/cases/asic-25-302mr-price-manipulation-2025/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-302mr-victorian-man-sentenced-in-market-manipulation-case", "title": "Victorian man sentenced in market manipulation case (ASIC, 2025)", "summary": "In December 2025 Behzad Eghrari of Vermont South was sentenced to 15 months' imprisonment, released on a two-year recognisance, for three market manipulation charges after trading A$7.14 million of ASX shares between his own accounts. The case is wash trading, not insider trading.", "date_published": "2025-12-12T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/asic-delta-power-price-manipulation-2025/", "url": "https://marketmanipulation.org/cases/asic-delta-power-price-manipulation-2025/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-115mr-asic-sues-delta-power-energy-vales-point-pty-ltd-for-alleged-futures-market-and-financial-benchmark-manipulation", "title": "ASIC v. Delta Power & Energy (Vales Point) Pty Ltd (price manipulation, 2025)", "summary": "In June 2025 ASIC began Federal Court civil penalty proceedings against Delta Power & Energy (Vales Point) Pty Ltd, alleging it placed orders for New South Wales peak-load electricity futures shortly before the ASX 24 close on 30 occasions between September and October 2022 to affect the daily settlement price, which ASIC alleges is a financial benchmark. ASIC seeks declarations and penalties. The matter is an allegation.", "date_published": "2025-06-30T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation", "marking-the-close" ] }, { "id": "https://marketmanipulation.org/cases/asic-25-039mr-price-manipulation-2025/", "url": "https://marketmanipulation.org/cases/asic-25-039mr-price-manipulation-2025/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-039mr-victorian-man-charged-over-alleged-market-manipulation", "title": "Victorian man charged over alleged market manipulation (ASIC, 2025)", "summary": "In March 2025 ASIC announced that Behzad Eghrari of Vermont South, Victoria, was charged with three offences over wash trades in Investigator Resources, Silver Mines and Lumos Diagnostics shares. He pleaded guilty and, in December 2025, the County Court of Victoria sentenced him to 15 months' imprisonment, released immediately on a two-year good behaviour recognisance.", "date_published": "2025-03-14T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sec-marco-babini-et-al-price-manipulation-2024/", "url": "https://marketmanipulation.org/cases/sec-marco-babini-et-al-price-manipulation-2024/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26136", "title": "SEC v. Marco Babini, et al. (price manipulation, 2024)", "summary": "In 2024, the Securities and Exchange Commission published a release reporting the entry of a final judgment against Marco Babini for coordinated trading to inflate Endeavor Power stock. This library classifies the conduct as price manipulation. A parallel criminal matter is referenced in the release.", "date_published": "2024-09-27T00:00:00.000Z", "tags": [ "SEC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/cftc-swiss-energy-trader-price-manipulation-2024/", "url": "https://marketmanipulation.org/cases/cftc-swiss-energy-trader-price-manipulation-2024/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8953-24", "title": "CFTC v. TOTSA TotalEnergies Trading SA (price manipulation, 2024)", "summary": "In August 2024 the CFTC issued an order settling charges against TOTSA TotalEnergies Trading SA for attempting in March 2018 to depress the Argus EBOB benchmark by selling physical gasoline below buyers' bids while holding a large short in EBOB-linked futures. TOTSA pays a $48 million civil penalty.", "date_published": "2024-08-27T00:00:00.000Z", "tags": [ "CFTC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/asic-cofco-international-australia-pty-ltd-marking-the-close-2024/", "url": "https://marketmanipulation.org/cases/asic-cofco-international-australia-pty-ltd-marking-the-close-2024/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-163mr-asic-sues-cofco-international-australia-pty-ltd-and-cofco-resources-sa-for-futures-market-manipulation", "title": "ASIC v. COFCO International Australia Pty Ltd (marking the close, 2024)", "summary": "In July 2024 ASIC began Federal Court civil penalty proceedings against COFCO International Australia Pty Ltd and COFCO Resources SA, alleging they placed orders shortly before the close of the ASX 24 day session on 34 occasions between January and March 2022 to affect the settlement price of January 2023 Eastern Australia wheat futures. ASIC seeks declarations and penalties. The matter is an allegation.", "date_published": "2024-07-24T00:00:00.000Z", "tags": [ "ASIC", "marking-the-close", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/cftc-trafigura-insider-trading-2024/", "url": "https://marketmanipulation.org/cases/cftc-trafigura-insider-trading-2024/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8921-24", "title": "CFTC v. Trafigura (insider trading, 2024)", "summary": "In 2024, the Commodity Futures Trading Commission obtained a judgment against Trafigura, alleging conduct this library classifies as insider trading and price manipulation. The release records a civil penalty of $55 million.", "date_published": "2024-06-17T00:00:00.000Z", "tags": [ "CFTC", "insider-trading", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/asic-henry-eng-chye-heng-price-manipulation-2024/", "url": "https://marketmanipulation.org/cases/asic-henry-eng-chye-heng-price-manipulation-2024/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-082mr-henry-eng-chye-heng-sentenced-to-18-months-imprisonment-for-misleading-share-trading", "title": "ASIC v. Henry Eng Chye Heng (price manipulation, 2024)", "summary": "In April 2024 Eneco Refresh founder Henry Heng was sentenced to 18 months' imprisonment, released on recognisance, for market manipulation and creating a false appearance of active trading, using family trading accounts, from 2020 to 2021. It is not an insider trading case.", "date_published": "2024-04-22T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-ronald-heineman-price-manipulation-2024/", "url": "https://marketmanipulation.org/cases/sec-ronald-heineman-price-manipulation-2024/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25965", "title": "SEC v. Ronald Heineman (price manipulation, 2024)", "summary": "In April 2024 the SEC announced a final consent judgment in the Eastern District of New York against Ronald Heineman, former chief compliance officer of Halcyon Cabot Partners, in the CodeSmart case, enjoining him and imposing a $25,000 penalty. The SEC alleged he ignored red flags about a principal selling CodeSmart shares through the firm and engaged in matched trading to inflate the price.", "date_published": "2024-04-03T00:00:00.000Z", "tags": [ "SEC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-marc-e-wexler-pump-and-dump-2023/", "url": "https://marketmanipulation.org/cases/sec-marc-e-wexler-pump-and-dump-2023/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25905", "title": "SEC v. Marc E. Wexler (price manipulation, 2023)", "summary": "In 2023, the Securities and Exchange Commission obtained a judgment against Marc E. Wexler, alleging conduct this library classifies as price manipulation and pump and dump. The release records disgorgement of $2.2 million. A parallel criminal matter is referenced in the release.", "date_published": "2023-12-05T00:00:00.000Z", "tags": [ "SEC", "price-manipulation", "pump-and-dump" ] }, { "id": "https://marketmanipulation.org/cases/asic-henry-eng-chye-heng-price-manipulation-2023/", "url": "https://marketmanipulation.org/cases/asic-henry-eng-chye-heng-price-manipulation-2023/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-326mr-henry-eng-chye-heng-pleads-guilty-to-market-manipulation", "title": "ASIC v. Henry Eng Chye Heng (price manipulation, 2023)", "summary": "In December 2023 ASIC reported that Eneco Refresh founder and chair Henry Eng Chye Heng pleaded guilty in the Perth Magistrates Court to one count of market manipulation and one of creating a false appearance of active trading, over trades in family-held accounts in 2020 and 2021 to manipulate Eneco's share price, with a sentence mention set for February 2024. The $6,660 in the release is a maximum fine for a different, notification offence, not a penalty imposed.", "date_published": "2023-12-04T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/cftc-minnesota-grain-merchandiser-price-manipulation-2023/", "url": "https://marketmanipulation.org/cases/cftc-minnesota-grain-merchandiser-price-manipulation-2023/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8810-23", "title": "CFTC v. Ceres Global Ag Corp. (price manipulation, 2023)", "summary": "In October 2023 the CFTC issued an order settling charges against Minnesota grain merchandiser Ceres Global Ag Corp. for attempting to manipulate July 2016 and March 2017 oats futures by building long positions near the spot-month limit and taking delivery, intending to lift the futures price and obtain cheaper delivery. Ceres pays a $3 million civil penalty.", "date_published": "2023-10-23T00:00:00.000Z", "tags": [ "CFTC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-james-p-anglim-price-manipulation-2023/", "url": "https://marketmanipulation.org/cases/sec-james-p-anglim-price-manipulation-2023/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25780", "title": "SEC v. James P. Anglim (price manipulation, 2023)", "summary": "In 2023, the SEC settled a civil action in the District of Massachusetts against former broker-dealer representative James P. Anglim, charged with helping other people who controlled large blocks of stock in at least five companies to dump shares into the market while hiding that they were the sellers. The release records disgorgement of $405,991, prejudgment interest of $82,009 and a penny stock bar.", "date_published": "2023-07-17T00:00:00.000Z", "tags": [ "SEC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-celsius-network-mashinsky-price-manipulation-2023/", "url": "https://marketmanipulation.org/cases/sec-celsius-network-mashinsky-price-manipulation-2023/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25779", "title": "SEC v. Celsius Network Limited and Alexander \"Alex\" Mashinsky (price manipulation, 2023)", "summary": "In 2023, the Securities and Exchange Commission filed an action against Celsius Network Limited and its founder Alexander \"Alex\" Mashinsky, alleging conduct this library classifies as price manipulation, along with unregistered securities offerings and fraud. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven as to the manipulation claim.", "date_published": "2023-07-13T00:00:00.000Z", "tags": [ "SEC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/cftc-florida-price-manipulation-2023/", "url": "https://marketmanipulation.org/cases/cftc-florida-price-manipulation-2023/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8748-23", "title": "CFTC v. Adam Todd and Digitex entities (price manipulation, 2023)", "summary": "In July 2023 the CFTC announced a July 5 default judgment in the Southern District of Florida against Adam Todd and four Digitex companies for attempting to manipulate the DGTX token price, illegally offering futures and failing to register, ordering $3,912,220 in disgorgement and an $11,736,660 penalty and imposing trading and registration bans.", "date_published": "2023-07-12T00:00:00.000Z", "tags": [ "CFTC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-discala-et-al-price-manipulation-2023/", "url": "https://marketmanipulation.org/cases/sec-discala-et-al-price-manipulation-2023/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25725", "title": "SEC v. Matthew Bell (CodeSmart price manipulation, 2023)", "summary": "In May 2023 the SEC announced a May 5 final consent judgment in the Eastern District of New York against former broker Matthew Bell in the CodeSmart case, enjoining him and ordering over $552,000 in disgorgement and interest that is deemed satisfied by the criminal restitution order. The SEC alleged he took part in a 2013 scheme to manipulate CodeSmart's price, selling his own shares while buying for elderly customers.", "date_published": "2023-05-12T00:00:00.000Z", "tags": [ "SEC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/asic-gabriel-govinda-price-manipulation-2023/", "url": "https://marketmanipulation.org/cases/asic-gabriel-govinda-price-manipulation-2023/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-116mr-gabriel-govinda-sentenced-to-two-and-a-half-years-imprisonment-and-fined-for-market-manipulation-and-finfluencer-conduct", "title": "ASIC v. Gabriel Govinda (price manipulation, 2023)", "summary": "In May 2023 ASIC announced that Gabriel Govinda had been sentenced to two and a half years imprisonment, released immediately on a five-year recognisance of A$5,000, and fined A$42,840, after pleading guilty to 23 charges of manipulating ASX-listed shares and 19 charges of illegally disseminating information about it, the first sentence under Corporations Act s1041D.", "date_published": "2023-05-03T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation", "pump-and-dump", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/asic-don-george-evans-price-manipulation-2023/", "url": "https://marketmanipulation.org/cases/asic-don-george-evans-price-manipulation-2023/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-017mr-don-george-evans-sentenced-for-conspiring-to-manipulate-quantum-shares", "title": "ASIC v. Don George Evans (price manipulation, 2023)", "summary": "In February 2023 ASIC reported that Don George Evans was sentenced in the Western Australian Supreme Court to 12 months imprisonment, released immediately on a $5,000 recognizance for two years, for conspiring with Avrohom Kimelman and Benjamin Heath Cooper to push Quantum shares to a pre-determined price on 16 November 2015, coordinating trades through an online group chat.", "date_published": "2023-02-07T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-ellison-wang-price-manipulation-2022/", "url": "https://marketmanipulation.org/cases/sec-ellison-wang-price-manipulation-2022/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25617", "title": "SEC v. Caroline Ellison and Zixiao \"Gary\" Wang (price manipulation, 2022)", "summary": "In December 2022 the SEC charged Caroline Ellison, former CEO of Alameda Research, and Zixiao Wang, former FTX CTO, in the Southern District of New York with defrauding FTX equity investors, including by propping up the price of the FTT token with large open-market purchases. In December 2025 the SEC filed proposed final consent judgments, subject to court approval, with five-year conduct-based injunctions and officer-and-director bars of 10 years for Ellison and eight for Wang; money remedies were not stated.", "date_published": "2022-12-21T00:00:00.000Z", "tags": [ "SEC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/cftc-commodity-pool-operators-price-manipulation-2022/", "url": "https://marketmanipulation.org/cases/cftc-commodity-pool-operators-price-manipulation-2022/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8640-22", "title": "CFTC v. Glen Point Capital and Neil Phillips (price manipulation, 2022)", "summary": "In December 2022 the CFTC charged commodity pool operators Glen Point Capital Advisors LP and Glen Point Capital LLP and co-chief investment officer Neil Phillips in the Southern District of New York with manipulating the USD/ZAR exchange rate in late December 2017 to trigger $30 million of binary option payouts to two pools, and with failing to supervise. The matter is an allegation; the release notes a parallel criminal indictment of Phillips.", "date_published": "2022-12-15T00:00:00.000Z", "tags": [ "CFTC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/cftc-digital-asset-derivatives-platform-price-manipulation-2022/", "url": "https://marketmanipulation.org/cases/cftc-digital-asset-derivatives-platform-price-manipulation-2022/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8605-22", "title": "CFTC v. Adam Todd and Digitex entities (price manipulation, 2022)", "summary": "In September 2022 the CFTC sued Florida resident Adam Todd and four companies operating the Digitex Futures exchange. On July 5, 2023 the Southern District of Florida entered a default judgment, with disgorgement of $3,912,220, a civil penalty of $11,736,660, and a permanent trading and registration ban. The court found the CFTC had sufficiently pleaded attempted manipulation of the DGTX token.", "date_published": "2022-10-03T00:00:00.000Z", "tags": [ "CFTC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-james-t-patten-et-al-reverse-merger-schemes-2022/", "url": "https://marketmanipulation.org/cases/sec-james-t-patten-et-al-reverse-merger-schemes-2022/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25526", "title": "SEC v. James T. Patten, Peter L. Coker Sr. and Peter L. Coker Jr. (reverse merger schemes, 2022)", "summary": "In September 2022 the SEC sued James Patten and Peter Coker Sr. and Jr. in New Jersey, alleging they took control of the shares of Hometown International, a deli with under $40,000 of revenue, and shell E-Waste Corp., inflated prices by manipulative trading and used reverse mergers to plan to dump their shares. Criminal charges were announced in parallel. These are allegations.", "date_published": "2022-09-27T00:00:00.000Z", "tags": [ "SEC", "reverse-merger-schemes", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-lee-simmons-price-manipulation-2022/", "url": "https://marketmanipulation.org/cases/sec-lee-simmons-price-manipulation-2022/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25478", "title": "SEC v. Lee Simmons (price manipulation, 2022)", "summary": "In August 2022 the SEC sued Lee Simmons over alleged fake tender offers and EDGAR filings that moved target stock prices. A final judgment entered in the Southern District of New York around May 15, 2023 orders disgorgement of $24,104, interest of $2,863.36 and a civil penalty of $223,229. It also imposes injunctions and an officer-and-director bar.", "date_published": "2022-08-19T00:00:00.000Z", "tags": [ "SEC", "edgar-filing-fraud", "price-manipulation", "sham-tender-offers" ] }, { "id": "https://marketmanipulation.org/cases/asic-don-evans-price-manipulation-2022/", "url": "https://marketmanipulation.org/cases/asic-don-evans-price-manipulation-2022/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-208mr-don-evans-pleads-guilty-to-quantum-resources-market-manipulation", "title": "ASIC v. Don Evans (price manipulation, 2022)", "summary": "In August 2022 ASIC reported that Don George Evans pleaded guilty in Western Australia to one count of conspiring with Avrohom Kimelman and Benjamin Heath Cooper to manipulate the price of Quantum Resources shares on 16 November 2015, with sentencing set for January 2023.", "date_published": "2022-08-05T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/asic-benjamin-heath-cooper-price-manipulation-2022/", "url": "https://marketmanipulation.org/cases/asic-benjamin-heath-cooper-price-manipulation-2022/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-140mr-benjamin-heath-cooper-pleads-guilty-to-market-manipulation", "title": "ASIC v. Benjamin Heath Cooper (price manipulation, 2022)", "summary": "In June 2022 ASIC reported that Benjamin Heath Cooper pleaded guilty in Western Australia to one charge of conspiring with Avrohom Kimelman and another to manipulate Quantum Resources shares on 16 November 2015, with sentencing set for December 2022.", "date_published": "2022-06-10T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/asic-gabriel-govinda-price-manipulation-2022/", "url": "https://marketmanipulation.org/cases/asic-gabriel-govinda-price-manipulation-2022/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-133mr-gabriel-govinda-pleads-guilty-to-market-manipulation", "title": "ASIC v. Gabriel Govinda (price manipulation, 2022)", "summary": "In June 2022, Gabriel Govinda, known online as \"Fibonarchery\", pleaded guilty to 23 charges of manipulating ASX-listed stocks, including trading between accounts he controlled, and 19 charges of illegally disseminating information about it; sentencing was to follow.", "date_published": "2022-06-07T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation", "pump-and-dump", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/cftc-glencore-price-manipulation-2022/", "url": "https://marketmanipulation.org/cases/cftc-glencore-price-manipulation-2022/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8534-22", "title": "CFTC v. Glencore International A.G., Glencore Ltd. and Chemoil Corporation (price manipulation, 2022)", "summary": "In May 2022 the CFTC issued an order settling charges against Glencore International A.G., Glencore Ltd. and Chemoil Corporation for manipulating or attempting to manipulate four U.S. Platts fuel oil benchmarks on hundreds of days from 2007 to 2018, and for corruption-related fraud. The total of $1.186 billion consists of a $865.6 million penalty and $320.7 million in disgorgement.", "date_published": "2022-05-24T00:00:00.000Z", "tags": [ "CFTC", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/asic-21-297mr-insider-trading-2021/", "url": "https://marketmanipulation.org/cases/asic-21-297mr-insider-trading-2021/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-297mr-former-quantum-resources-director-convicted-of-insider-trading-and-market-manipulation-offences", "title": "Former Quantum Resources director convicted of insider trading and market manipulation offences (ASIC, 2021)", "summary": "In November 2021 former Quantum Resources director Avrohom Kimelman was sentenced to 18 months' imprisonment, released on a A$5,000 recognisance, after conviction in the Victorian County Court for insider trading and conspiring to manipulate Quantum's share price.", "date_published": "2021-11-09T00:00:00.000Z", "tags": [ "ASIC", "insider-trading", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/asic-dylan-rands-price-manipulation-2021/", "url": "https://marketmanipulation.org/cases/asic-dylan-rands-price-manipulation-2021/", "external_url": "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-253mr-asic-bans-former-dealer-and-portfolio-manager-dylan-rands-for-market-manipulation", "title": "ASIC v. Dylan Rands (price manipulation, 2021)", "summary": "In September 2021 ASIC banned former Regal Funds Management dealer and portfolio manager Dylan Rands from providing financial services for five years after finding he made 112 uncommercial trades creating an artificial price in Clearview Wealth shares between December 2018 and June 2019 and created a false appearance of active trading on two dates. He may seek Administrative Appeals Tribunal review.", "date_published": "2021-09-22T00:00:00.000Z", "tags": [ "ASIC", "price-manipulation" ] } ] }