Home / Cases / 2013 Market manipulation enforcement actions filed in 2013 This library records 28 market manipulation enforcement actions filed in 2013, brought by CFTC.
Counts by year reflect when an action was filed or announced, not when the underlying conduct occurred — those are often years apart. Compare across years with care: a single multi-defendant sweep can dominate a year's count.
Actions 28
Total penalties $907m
Median penalty $1.5m
Largest $475m
Criminal parallel 36% Action Agency Filed Technique Penalty Status CFTC v. David M. Nunn (wash trading, 2013) CFTC 2013-12-20 Wash Trading $600k judgment CFTC v. David R. Lynch (ponzi schemes, 2013) CFTC 2013-12-13 Ponzi Schemes $300k judgment CFTC v. of Attempted Manipulation of NYMEX Crude Oil Futures Contracts (banging the close, 2013) CFTC 2013-11-26 Banging The Close , Price Manipulation +1 $400k judgment CFTC v. Donald R. Wilson and his Company (banging the close, 2013) CFTC 2013-11-07 Banging The Close , Price Manipulation +1 — unknown CFTC v. Co (benchmark submission rigging, 2013) CFTC 2013-10-30 Benchmark Submission Rigging , Price Manipulation $475m judgment CFTC v. UBS (benchmark submission rigging, 2013) CFTC 2013-10-25 Benchmark Submission Rigging , Ponzi Schemes +2 $1.5m settled CFTC v. ICAP Europe Limited (benchmark submission rigging, 2013) CFTC 2013-09-26 Benchmark Submission Rigging , Price Manipulation $65m judgment CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-08-27 Ponzi Schemes $350k settled CFTC v. Panther Energy Trading LLC and its Principal Michael J. Coscia (spoofing, 2013) CFTC 2013-07-23 Spoofing $1.4m judgment CFTC v. Texas-based RFF GP (paid stock promotion, 2013) CFTC 2013-07-13 Paid Stock Promotion — unknown CFTC v. Defendant Christopher Varlesi (paid stock promotion, 2013) CFTC 2013-06-26 Paid Stock Promotion , Ponzi Schemes $700k judgment CFTC v. North Carolina Resident C. David Wright (ponzi schemes, 2013) CFTC 2013-06-26 Ponzi Schemes — unknown CFTC v. Bentley Equities (ponzi schemes, 2013) CFTC 2013-06-05 Ponzi Schemes $150k judgment CFTC v. Defendants Philip Milton (ponzi schemes, 2013) CFTC 2013-05-24 Ponzi Schemes $4m judgment CFTC v. Christy (ponzi schemes, 2013) CFTC 2013-05-21 Ponzi Schemes — settled CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-05-14 Ponzi Schemes $2.5m filed CFTC v. Ron Eibschutz (insider trading, 2013) CFTC 2013-05-09 Insider Trading — filed CFTC v. Kevin McLaren (wash trading, 2013) CFTC 2013-04-30 Wash Trading $200k judgment CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-04-24 Ponzi Schemes $1.5m judgment CFTC v. Defendants PMC (ponzi schemes, 2013) CFTC 2013-04-18 Ponzi Schemes $560k judgment CFTC v. New York Firm 4X Solutions (ponzi schemes, 2013) CFTC 2013-04-09 Ponzi Schemes — filed CFTC v. Cilli (ponzi schemes, 2013) CFTC 2013-03-28 Ponzi Schemes — unknown CFTC v. Ronnie Gene Wilson (ponzi schemes, 2013) CFTC 2013-03-01 Ponzi Schemes $23m judgment CFTC v. CME Group’s New York Mercantile Exchange and Two Former Employees (insider trading, 2013) CFTC 2013-02-22 Insider Trading — filed CFTC v. Gelber Group (wash trading, 2013) CFTC 2013-02-09 Wash Trading $750k judgment CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-02-07 Ponzi Schemes $2.4m settled CFTC v. The Royal Bank of Scotland plc and RBS Securities Japan Limited (benchmark submission rigging, 2013) CFTC 2013-02-07 Benchmark Submission Rigging , Price Manipulation +1 $325m judgment CFTC v. unnamed respondents (ponzi schemes, 2013) CFTC 2013-01-29 Ponzi Schemes $1.5m settled