Market Manipulation. Search

Market manipulation case library

This library records 2,117 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
2,117
Total penalties
$15.4bn
Median penalty
$258k
Agencies
2
Techniques
36

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 608 Ponzi schemes 532 Paid stock promotion 219 Unregistered distributions 136 Pump and dump 121 Undisclosed control blocks 119 Spoofing 114 Wash trading 90 Price manipulation 72 Boiler rooms 71 Reverse merger schemes 66 The naked short selling debate 41 Benchmark submission rigging 32 Matched orders 24 Churning 19 Free riding and parking 18 Fake press releases 16 Layering 15 Newsletter scalping 15 Marking the close 10 Cash versus derivatives schemes 10 Front running 9 Shell factories 8 Chat group pumps 6 False rumours 5 Custodianship shell hijacking 5 Settlement price manipulation 4 Exchange wash trading 3 Banging the close 3 FX fixing 3 Engineered short squeeze 2 Marking the open 1 Rug pulls 1 Insider listing trading 1 Oracle manipulation 1 Float locking 1

By agency

CFTC 349 SEC 1768

By year filed

2026 85 2025 103 2024 182 2023 202 2022 174 2021 142 2020 178 2019 181 2018 221 2017 210 2016 179 2015 205 2014 27 2013 28

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. U.K. Resident Navinder Singh (price manipulation, 2016) CFTC 2016-11-10 Price Manipulation , Spoofing — settled
SEC v. Eric McPhail and Douglas Parigian (insider trading, 2016) SEC 2016-11-09 Insider Trading — judgment
SEC v. Herbert K. Sudfeld (insider trading, 2016) SEC 2016-11-09 Insider Trading — dismissed
SEC v. Anthony Andrade, et al. (insider trading, 2016) SEC 2016-11-01 Insider Trading $150k judgment
SEC v. Nicholas H. Shermeta and Napa Properties, LLC (reverse merger schemes, 2016) SEC 2016-11-01 Reverse Merger Schemes — settled
SEC v. Michael L. Reger (reverse merger schemes, 2016) SEC 2016-10-31 Reverse Merger Schemes $250k settled
SEC v. Curt Kramer and Hope Capital, Inc. (unregistered distributions, 2016) SEC 2016-10-27 Unregistered Distributions — settled
SEC v. Christopher Salis, et al. (insider trading, 2016) SEC 2016-10-21 Insider Trading — filed
SEC v. James C. Cope, Esq. (insider trading, 2016) SEC 2016-10-21 Insider Trading — filed
SEC v. Artis Capital Management, L.P. and Michael W. Harden (insider trading, 2016) SEC 2016-10-13 Insider Trading — dismissed
SEC v. Deutsche Bank Securities Inc. (front running, 2016) SEC 2016-10-12 Front Running , Insider Trading +1 $100k judgment
SEC v. Richard Weed et al. (paid stock promotion, 2016) SEC 2016-10-04 Paid Stock Promotion , Pump And Dump +1 — judgment
CFTC v. New Jersey Residents Alcibiades Cifuentes and Jennifer Wee Cifuentes (ponzi schemes, 2016) CFTC 2016-10-01 Ponzi Schemes — filed
SEC v. Ikenna Ikokwu, et al. (ponzi schemes, 2016) SEC 2016-09-30 Ponzi Schemes — filed
SEC v. Jason W. Galanis, et al. (matched orders, 2016) SEC 2016-09-30 Matched Orders — judgment
SEC v. Louis T. Buonocore, Jeremy R. Draper, Frank J. Morelli, III, Berardino "Dino" Paolucci, Jr. and Don L. Rose (matched orders, 2016) SEC 2016-09-30 Matched Orders — settled
SEC v. Marcus A. Luna, et al. (boiler rooms, 2016) SEC 2016-09-30 Boiler Rooms , Paid Stock Promotion +1 — filed
SEC v. Vladimir Eydelman and Steven Metro (insider trading, 2016) SEC 2016-09-30 Insider Trading $1.2m settled
SEC v. Nino Coppero del Valle et al. (insider trading, 2016) SEC 2016-09-29 Insider Trading — filed
SEC v. Och-Ziff Capital Management Group LLC Oz Management LP Och and others (paid stock promotion, 2016) SEC 2016-09-29 Paid Stock Promotion — settled
SEC v. Robert Gadimian (insider trading, 2016) SEC 2016-09-29 Insider Trading — filed
CFTC v. Advanced Trading Workshop (newsletter scalping, 2016) CFTC 2016-09-28 Newsletter Scalping , Paid Stock Promotion $470k judgment
CFTC v. SG Americas Securities (wash trading, 2016) CFTC 2016-09-28 Wash Trading $750k judgment
SEC v. Craig V. Sizer, and Miguel Mesa (boiler rooms, 2016) SEC 2016-09-28 Boiler Rooms — settled
SEC v. Jason A. Wallace (boiler rooms, 2016) SEC 2016-09-27 Boiler Rooms , Paid Stock Promotion +1 — filed
SEC v. Frank P. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading — settled
SEC v. Frank S. Barucci (insider trading, 2016) SEC 2016-09-26 Insider Trading $56k settled
SEC v. Syed A. Hashim (insider trading, 2016) SEC 2016-09-26 Insider Trading — settled
SEC v. Vijay S. Rajan (insider trading, 2016) SEC 2016-09-26 Insider Trading $27.9k settled
SEC v. Colin Whelehan and Sheren Tsai (insider trading, 2016) SEC 2016-09-22 Insider Trading — settled
SEC v. Frank Tamayo (insider trading, 2016) SEC 2016-09-21 Insider Trading — settled
SEC v. Saleem Khan et al. (insider trading, 2016) SEC 2016-09-21 Insider Trading — judgment
CFTC v. JSC VTB Bank and VTB Capital PLC Jointly (wash trading, 2016) CFTC 2016-09-20 Wash Trading $5m judgment
SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-09-20 Ponzi Schemes — unknown
SEC v. Bodden and Cliffe R. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Fusion Pharm, Inc. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Microcap Management LLC Bayside Realty Holdings LLC Meadpoint Venture Partners, LLC (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Sears and William J. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks — judgment
SEC v. Tod A. Ditommaso, Esq. (undisclosed control blocks, 2016) SEC 2016-09-16 Undisclosed Control Blocks , Unregistered Distributions — unknown
SEC v. Steven Metro (insider trading, 2016) SEC 2016-09-14 Insider Trading — unknown
SEC v. Manuel E. Jesus aka Manny Backus, et al. (paid stock promotion, 2016) SEC 2016-09-13 Paid Stock Promotion $235k judgment
SEC v. Richard Weed, Esq. (pump and dump, 2016) SEC 2016-09-13 Pump And Dump — unknown
SEC v. BOKF, NA (ponzi schemes, 2016) SEC 2016-09-09 Ponzi Schemes $600k judgment
SEC v. Dennis W. Hamilton (insider trading, 2016) SEC 2016-09-07 Insider Trading — filed
SEC v. Contrarian Press, LLC, Scott S. Fraser, and Nathan Yeung (paid stock promotion, 2016) SEC 2016-09-06 Paid Stock Promotion — filed
SEC v. Dennis Wayne Hamilton (insider trading, 2016) SEC 2016-08-30 Insider Trading — filed
SEC v. Edward F. Panos, et al. (pump and dump, 2016) SEC 2016-08-25 Pump And Dump — unknown
SEC v. Cedric Cañas Maillard (insider trading, 2016) SEC 2016-08-24 Insider Trading — judgment
SEC v. Peterson and Curtis A. (ponzi schemes, 2016) SEC 2016-08-23 Ponzi Schemes $7.5k settled
SEC v. John W.R. Miller (reverse merger schemes, 2016) SEC 2016-08-22 Reverse Merger Schemes — settled
SEC v. Bay City Transfer Agency and Registrar, Inc. Amersey and Nitin M. (undisclosed control blocks, 2016) SEC 2016-08-18 Undisclosed Control Blocks — unknown
SEC v. J. Patrick O'Neill and Robert H. Bray (insider trading, 2016) SEC 2016-08-18 Insider Trading — judgment
SEC v. Sean Stewart (insider trading, 2016) SEC 2016-08-18 Insider Trading — filed
CFTC v. unnamed respondents (insider trading, 2016) CFTC 2016-08-17 Insider Trading — judgment
SEC v. Damon M. Barnes and Cathy S. Barnes (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. Daniel J. Bean (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes $7.5k settled
SEC v. Jeremy D. Barnes (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. John L. Shipley (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes $7.5k settled
SEC v. Joshua M. Beauregard and Jennifer M. Beauregard (ponzi schemes, 2016) SEC 2016-08-16 Ponzi Schemes — settled
SEC v. Lathen and Donald F. ("Jay") Jr. Eden Arc Capital Management, LLC Eden Arc Capital Advisors, LLC (undisclosed control blocks, 2016) SEC 2016-08-15 Undisclosed Control Blocks — unknown
SEC v. Paul T. Rampoldi , et al. (insider trading, 2016) SEC 2016-08-12 Insider Trading — filed
SEC v. Patrick Churchville (ponzi schemes, 2016) SEC 2016-08-05 Ponzi Schemes — filed
SEC v. Edward J. Kosinski (insider trading, 2016) SEC 2016-08-04 Insider Trading — filed
CFTC v. John D. Briner (custodianship shell hijacking, 2016) CFTC 2016-08-03 Custodianship Shell Hijacking $280k judgment
SEC v. Traffic Monsoon et al. (ponzi schemes, 2016) SEC 2016-07-28 Ponzi Schemes — filed
SEC v. Jeffery A. McCollum and JNL Oilfield Instruments, LLC (ponzi schemes, 2016) SEC 2016-07-27 Ponzi Schemes $160k settled
SEC v. Herbert K. Sudfeld, Jr. (insider trading, 2016) SEC 2016-07-26 Insider Trading — unknown
SEC v. Yi Chen, CPA (insider trading, 2016) SEC 2016-07-26 Insider Trading — settled
SEC v. Braslau and Samuel (boiler rooms, 2016) SEC 2016-07-25 Boiler Rooms — unknown
SEC v. James Hugh Brennan, III, et al. (paid stock promotion, 2016) SEC 2016-07-25 Paid Stock Promotion — unknown
SEC v. Samuel Braslau (boiler rooms, 2016) SEC 2016-07-25 Boiler Rooms — unknown
SEC v. Thomas D. Melvin, et al. (insider trading, 2016) SEC 2016-07-25 Insider Trading — judgment
SEC v. Blount and John Steven (ponzi schemes, 2016) SEC 2016-07-22 Ponzi Schemes — unknown
SEC v. The Phoenix Companies, Inc. (benchmark submission rigging, 2016) SEC 2016-07-15 Benchmark Submission Rigging — settled
CFTC v. Defendants Matthew J. Marcus (custodianship shell hijacking, 2016) CFTC 2016-07-08 Custodianship Shell Hijacking $250k judgment
SEC v. Thomas W. Avent, Jr., Raymond J. Pirrello, Jr., and Lawrence J. Penna (insider trading, 2016) SEC 2016-07-08 Insider Trading — filed
SEC v. Toni Tong Chen, CPA (unregistered distributions, 2016) SEC 2016-07-08 Unregistered Distributions — judgment
CFTC v. Naples (ponzi schemes, 2016) CFTC 2016-07-06 Ponzi Schemes $7.5m judgment
SEC v. Luis Martin-Caro Sanchez (insider trading, 2016) SEC 2016-07-05 Insider Trading — filed
CFTC v. Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Entities (ponzi schemes, 2016) CFTC 2016-06-29 Ponzi Schemes — filed
SEC v. Andrew F. Kerr (insider trading, 2016) SEC 2016-06-29 Insider Trading — filed
SEC v. Chris Faulkner, et. al (price manipulation, 2016) SEC 2016-06-24 Price Manipulation — filed
SEC v. Malcolm Segal (ponzi schemes, 2016) SEC 2016-06-24 Ponzi Schemes — judgment
SEC v. Mitchell Brown (pump and dump, 2016) SEC 2016-06-21 Pump And Dump — judgment
SEC v. James S. Hannon (insider trading, 2016) SEC 2016-06-20 Insider Trading — judgment
SEC v. StratoComm Corporation, et al. (unregistered distributions, 2016) SEC 2016-06-17 Unregistered Distributions — appealed
SEC v. Christopher Salis, Douglas Miller, Edward Miller, and Barrett Biehl (insider trading, 2016) SEC 2016-06-16 Insider Trading — filed
SEC v. Andrew K. Proctor, et al. (pump and dump, 2016) SEC 2016-06-14 Pump And Dump $910k judgment
SEC v. Providence Financial Investments, Inc., Providence Fixed Income Fund, LLC, Jeffory Churchfield, and Jack Jarrell (unregistered distributions, 2016) SEC 2016-06-13 Unregistered Distributions — judgment
SEC v. Dynkowski, et al. (pump and dump, 2016) SEC 2016-06-09 Pump And Dump $83.2k judgment
SEC v. Guolin Ma (insider trading, 2016) SEC 2016-06-09 Insider Trading — settled
SEC v. Ethiopian Electric Power (benchmark submission rigging, 2016) SEC 2016-06-08 Benchmark Submission Rigging — unknown
SEC v. Michael J. Maciocio and David P. Hobson (insider trading, 2016) SEC 2016-06-08 Insider Trading — filed
SEC v. Miller Energy Resources, Inc. Boyd and others (reverse merger schemes, 2016) SEC 2016-06-07 Reverse Merger Schemes — settled
SEC v. Richard Grossman (insider trading, 2016) SEC 2016-06-06 Insider Trading — judgment
CFTC v. Haena Park and Her Companies Phaetra Capital GP LLC (ponzi schemes, 2016) CFTC 2016-06-04 Ponzi Schemes — filed
SEC v. Peter D. Nunan (insider trading, 2016) SEC 2016-06-03 Insider Trading $255k settled
SEC v. Spongetech Delivery Systems, Inc., et al. (pump and dump, 2016) SEC 2016-06-02 Pump And Dump $100k judgment
SEC v. Albert Fried & Company, LLC (paid stock promotion, 2016) SEC 2016-06-01 Paid Stock Promotion , Pump And Dump — settled
SEC v. Steven V. McClatchey and Gary J. Pusey (insider trading, 2016) SEC 2016-06-01 Insider Trading — judgment