Home / Cases / 2022 Market manipulation enforcement actions filed in 2022 This library records 174 market manipulation enforcement actions filed in 2022, brought by CFTC, SEC.
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 100
Total penalties $51.6m
Median penalty $290k
Largest $41m
Criminal parallel 34% Action Agency Filed Technique Penalty Status SEC v. Lawrence Billimek and Alan Williams (front running, 2022) SEC 2022-12-20 Front Running — unknown SEC v. Honeywell International Inc. (Corrected) (wash trading, 2022) SEC 2022-12-19 Wash Trading — unknown CFTC v. Commodity Pool Operators and Their Co-Chief Investment Officer (price manipulation, 2022) CFTC 2022-12-15 Price Manipulation — filed CFTC v. Minnesota Registrant (spoofing, 2022) CFTC 2022-12-12 Spoofing $550k judgment SEC v. In Ovations Holdings, Inc. and Mark Goldberg (fake press releases, 2022) SEC 2022-12-09 Fake Press Releases , Paid Stock Promotion — judgment SEC v. Vincent Issier (insider trading, 2022) SEC 2022-12-06 Insider Trading — settled SEC v. Joseph R. Earle Jr, Barry D. Reagh, William Clayton, Francis T. Dudley, Steven E. Bryant, Upper Street Marketing, Inc. and Project Growth International, Inc. (boiler rooms, 2022) SEC 2022-12-05 Boiler Rooms , Pump And Dump — unknown SEC v. PFP Entrust Corp. (unregistered distributions, 2022) SEC 2022-12-05 Unregistered Distributions — settled SEC v. Bruce Conway et al. (insider trading, 2022) SEC 2022-12-02 Insider Trading — unknown CFTC v. Jeremy Spence (ponzi schemes, 2022) CFTC 2022-12-01 Ponzi Schemes $2.8m judgment SEC v. Yinghang "James" Yang and Yuanbiao Chen (insider trading, 2022) SEC 2022-11-30 Insider Trading $246k judgment SEC v. Legal & General Investment Management America, Inc. (matched orders, 2022) SEC 2022-11-21 Matched Orders — settled SEC v. Tang and Jason Jianxun, CPA (reverse merger schemes, 2022) SEC 2022-11-17 Reverse Merger Schemes — dismissed SEC v. Charles Rustin Holzer, Fernando Motta Moraes (insider trading, 2022) SEC 2022-11-16 Insider Trading — judgment SEC v. Adrian J. Kawuba, Civ. Action (ponzi schemes, 2022) SEC 2022-11-14 Ponzi Schemes — judgment SEC v. Brian Wong (insider trading, 2022) SEC 2022-11-10 Insider Trading — settled SEC v. PIC Renegade Properties, LLC (unregistered distributions, 2022) SEC 2022-11-09 Unregistered Distributions — settled SEC v. Douver Torres Braga, Joff Paradise, and Keleionalani Akana Taylor, Jonathan Tetreault (ponzi schemes, 2022) SEC 2022-11-04 Ponzi Schemes — settled SEC v. Geraci and Paul (boiler rooms, 2022) SEC 2022-11-04 Boiler Rooms — unknown SEC v. Michael E. Mueller (insider trading, 2022) SEC 2022-11-04 Insider Trading — settled SEC v. Scott David Mahoney (paid stock promotion, 2022) SEC 2022-11-04 Paid Stock Promotion — judgment SEC v. Jeremy K. Rounsville (wash trading, 2022) SEC 2022-11-03 Wash Trading $207k settled SEC v. John C. Ahearn (undisclosed control blocks, 2022) SEC 2022-11-03 Undisclosed Control Blocks — judgment SEC v. Syed Arham Arbab, Tomas Javier Jimenez, Blake Douglas McKinney, Mushfiqur Rahman, John Ryan Shows, and William Carl Spagnoli (ponzi schemes, 2022) SEC 2022-11-01 Ponzi Schemes — settled SEC v. Mark Alan Lisser a/k/a Mark Alan a/k/a Mark Allen (boiler rooms, 2022) SEC 2022-10-27 Boiler Rooms — judgment SEC v. Scott A. Woodward, CPA (insider trading, 2022) SEC 2022-10-25 Insider Trading — settled CFTC v. unnamed respondents (cash vs derivatives schemes, 2022) CFTC 2022-10-20 Cash Vs Derivatives Schemes , Exchange Wash Trading +4 $41m judgment SEC v. NewAge, Inc. (paid stock promotion, 2022) SEC 2022-10-19 Paid Stock Promotion — settled SEC v. Brent David Willis (insider trading, 2022) SEC 2022-10-18 Insider Trading — unknown SEC v. Kevin B. Merrill, et al. (ponzi schemes, 2022) SEC 2022-10-18 Ponzi Schemes — judgment CFTC v. Walsh (ponzi schemes, 2022) CFTC 2022-10-17 Ponzi Schemes — judgment SEC v. National Realty Investment Advisors LLC, Rey E. Grabato II, Daniel Coley O'Brien, Thomas Nicholas Salzano and others (ponzi schemes, 2022) SEC 2022-10-14 Ponzi Schemes — filed CFTC v. Digital Asset Derivatives Platform and Miami Resident (price manipulation, 2022) CFTC 2022-10-03 Price Manipulation — filed SEC v. Harpreet Saini and John Lester Mandac Natividad (insider trading, 2022) SEC 2022-10-03 Insider Trading — filed SEC v. Kimberly Kardashian (paid stock promotion, 2022) SEC 2022-10-03 Paid Stock Promotion — settled SEC v. Mauricio Chavez, et al. (ponzi schemes, 2022) SEC 2022-10-03 Ponzi Schemes — unknown SEC v. Arbitrade Ltd., et al. (pump and dump, 2022) SEC 2022-09-30 Pump And Dump — unknown SEC v. Ari Lauer (ponzi schemes, 2022) SEC 2022-09-30 Ponzi Schemes — filed SEC v. Carl V. Dawson (undisclosed control blocks, 2022) SEC 2022-09-30 Undisclosed Control Blocks — settled SEC v. Cemtrex, Inc. and Saagar Govil (Corrected) (paid stock promotion, 2022) SEC 2022-09-30 Paid Stock Promotion — settled SEC v. Darrell Green (undisclosed control blocks, 2022) SEC 2022-09-30 Undisclosed Control Blocks — settled SEC v. Jonathan William Mikula, et al. (paid stock promotion, 2022) SEC 2022-09-30 Paid Stock Promotion $777k settled SEC v. Lisa Sanford (paid stock promotion, 2022) SEC 2022-09-30 Paid Stock Promotion — settled SEC v. Charles Parrino (false rumors, 2022) SEC 2022-09-28 False Rumors — settled SEC v. Matthew Nicosia, William Reninger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2022) SEC 2022-09-28 Boiler Rooms , Pump And Dump — filed SEC v. Christian J. Gonzalez (ponzi schemes, 2022) SEC 2022-09-27 Ponzi Schemes — filed SEC v. James T. Patten, et al. (reverse merger schemes, 2022) SEC 2022-09-27 Reverse Merger Schemes — filed SEC v. Kendricks, et al., Mark Wayne Ramsey (insider trading, 2022) SEC 2022-09-27 Insider Trading — judgment CFTC v. California Trader and Prop Firm (spoofing, 2022) CFTC 2022-09-26 Spoofing $150k judgment SEC v. James Patrick O'connell (undisclosed control blocks, 2022) SEC 2022-09-26 Undisclosed Control Blocks — settled SEC v. Judith Paris-Pinder (ponzi schemes, 2022) SEC 2022-09-26 Ponzi Schemes — judgment SEC v. Sang N. Phan and Rich N. Phan (free riding and parking, 2022) SEC 2022-09-26 Free Riding And Parking — filed CFTC v. Two Chinese Companies (wash trading, 2022) CFTC 2022-09-23 Wash Trading $720k judgment SEC v. Brian Lam, et al. (ponzi schemes, 2022) SEC 2022-09-23 Ponzi Schemes — filed SEC v. Compass Minerals International, Inc. (paid stock promotion, 2022) SEC 2022-09-23 Paid Stock Promotion — settled SEC v. Friedman LLP (reverse merger schemes, 2022) SEC 2022-09-23 Reverse Merger Schemes — dismissed SEC v. James Arthur McDonald, Jr. and Hercules Investments, LLC (ponzi schemes, 2022) SEC 2022-09-22 Ponzi Schemes — unknown SEC v. Michael Weiss (insider trading, 2022) SEC 2022-09-22 Insider Trading — judgment SEC v. Sheng Fu and Ming Xu (insider trading, 2022) SEC 2022-09-21 Insider Trading — settled SEC v. John P. Mendes, et al. (insider trading, 2022) SEC 2022-09-20 Insider Trading $51.6k settled SEC v. Sparkster, Ltd. and Sajjad Daya (unregistered distributions, 2022) SEC 2022-09-19 Unregistered Distributions $500k settled SEC v. Waddell & Reed, LLC (churning, 2022) SEC 2022-09-19 Churning — settled SEC v. Nutra Pharma Corp. et al (unregistered distributions, 2022) SEC 2022-09-16 Unregistered Distributions — unknown SEC v. Gabriel Edelman, Creative Advancement LLC and Edelman Blockchain Advisors LLC (ponzi schemes, 2022) SEC 2022-09-15 Ponzi Schemes — unknown CFTC v. Tae Hung Kang (ponzi schemes, 2022) CFTC 2022-09-08 Ponzi Schemes $800k judgment SEC v. NPA Asset Management, LLC (churning, 2022) SEC 2022-09-08 Churning — settled SEC v. Todd Christopher Doucette (insider trading, 2022) SEC 2022-09-07 Insider Trading — settled CFTC v. Former Trader (benchmark submission rigging, 2022) CFTC 2022-09-06 Benchmark Submission Rigging $250k judgment CFTC v. Swap Dealer (benchmark submission rigging, 2022) CFTC 2022-09-06 Benchmark Submission Rigging $2.8m judgment 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 CFTC v. Nevada Metals Trader (spoofing, 2022) CFTC 2022-08-05 Spoofing — filed 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 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
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