{ "version": "https://jsonfeed.org/version/1.1", "title": "Market Manipulation: Wash trading enforcement actions", "home_page_url": "https://marketmanipulation.org/cases/technique/wash-trading/", "feed_url": "https://marketmanipulation.org/feeds/technique/wash-trading.json", "description": "The 30 most recent enforcement records tagged wash trading 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/sec-gotbit-consulting-llc-a-k-a-gotbit-hedge-fund-wash-trading-2026/", "url": "https://marketmanipulation.org/cases/sec-gotbit-consulting-llc-a-k-a-gotbit-hedge-fund-wash-trading-2026/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26598", "title": "SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (paid crypto market making, 2026)", "summary": "In August 2026, the SEC announced a proposed settlement of its fraud and market manipulation claims against Gotbit Consulting LLC, an injunction and a bar on participating in securities offerings, and dismissed its claims against employee Fedor Kedrov.", "date_published": "2026-08-03T00:00:00.000Z", "tags": [ "SEC", "paid-crypto-market-making", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sec-justin-sun-tron-foundation-limited-bittorrent-foundation-ltd-rainberry-inc-p/", "url": "https://marketmanipulation.org/cases/sec-justin-sun-tron-foundation-limited-bittorrent-foundation-ltd-rainberry-inc-p/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26496", "title": "SEC v. Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., Rainberry, Inc., and DeAndre Cortez Way (wash trading, 2026)", "summary": "In March 2026, the SEC announced a proposed settlement of its wash trading claim against Rainberry, Inc. for a US$10 million penalty, and dismissed with prejudice its remaining claims against Rainberry and all claims against Justin Sun, Tron Foundation Limited and BitTorrent Foundation Ltd.", "date_published": "2026-03-05T00:00:00.000Z", "tags": [ "SEC", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-98774-matched-orders-2025/", "url": "https://marketmanipulation.org/cases/sebi-98774-matched-orders-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/dec-2025/final-order-in-the-matter-of-trading-activities-of-certain-entities-in-the-scrip-of-du-digital-technologies-limited-now-du-digital-global-limited-_98774.html", "title": "SEBI v. Usha Devi and others (price and volume manipulation of DU Digital Technologies, 2025)", "summary": "In December 2025 SEBI found that a group of 25 connected traders lifted the price and volume of DU Digital Technologies on the NSE SME platform through synchronised and circular trades. It ordered disgorgement of about Rs 98.8 lakh with interest, penalties totalling Rs 1.85 crore and market restraints of 1 to 2.5 years.", "date_published": "2025-12-31T00:00:00.000Z", "tags": [ "SEBI", "price-manipulation", "matched-orders", "wash-trading" ] }, { "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/sebi-97977-wash-trading-2025/", "url": "https://marketmanipulation.org/cases/sebi-97977-wash-trading-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/nov-2025/adjudication-order-in-the-matter-of-octant-interactive-technologies-limited-_97977.html", "title": "SEBI v. Indra Pratap Gajraj Singh (Octant Interactive Technologies circular trading, remand dismissal, 2025)", "summary": "In November 2025 a SEBI adjudicating officer re-examined a 2019 Rs 1 crore penalty that the Securities Appellate Tribunal had set aside, and concluded that the material did not establish that the proprietor of a trading firm took part in circular trading and price manipulation. The proceedings were disposed of without penalty.", "date_published": "2025-11-27T00:00:00.000Z", "tags": [ "SEBI", "wash-trading", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sebi-97578-wash-trading-2025/", "url": "https://marketmanipulation.org/cases/sebi-97578-wash-trading-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/oct-2025/adjudication-order-in-the-matter-of-price-and-volume-manipulation-in-the-scrip-of-quasar-india-limited_97578.html", "title": "SEBI v. Chandrima Mercantiles Limited and others (price and volume manipulation of Quasar India, 2025)", "summary": "In October 2025 a SEBI adjudicating officer found that twenty linked entities drove up the price and volume of Quasar India shares through coordinated and circular trades. Penalties total Rs 2.64 crore, mostly Rs 2.5 crore jointly on eighteen noticees.", "date_published": "2025-10-31T00:00:00.000Z", "tags": [ "SEBI", "price-manipulation", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/cftc-shinhan-securities-co-ltd-wash-trading-2025/", "url": "https://marketmanipulation.org/cases/cftc-shinhan-securities-co-ltd-wash-trading-2025/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/9125-25", "title": "CFTC v. Shinhan Securities Co. Ltd. (wash trading, 2025)", "summary": "In 2025, the Commodity Futures Trading Commission obtained a judgment against Shinhan Securities Co. Ltd., alleging conduct this library classifies as wash trading. The release records a civil penalty of $212,500.", "date_published": "2025-09-17T00:00:00.000Z", "tags": [ "CFTC", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-96663-matched-orders-2025/", "url": "https://marketmanipulation.org/cases/sebi-96663-matched-orders-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/sep-2025/adjudication-order-in-respect-of-panchal-shanti-lal-in-the-matter-of-swan-energy-limited_96663.html", "title": "SEBI v. Panchal Shanti Lal (alleged reversal and synchronized trades, Swan Energy, 2025)", "summary": "After a tribunal sent the case back, a SEBI adjudicating officer found there was not enough evidence that a retired clerk had himself opened and operated the demat account used in alleged reversal and synchronized trades in Swan Energy shares. The proceedings against him were disposed of without penalty.", "date_published": "2025-09-17T00:00:00.000Z", "tags": [ "SEBI", "matched-orders", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sec-suyun-gu-et-al-wash-trading-2025/", "url": "https://marketmanipulation.org/cases/sec-suyun-gu-et-al-wash-trading-2025/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26355", "title": "SEC v. Suyun Gu, et al. (wash trading, 2025)", "summary": "In July 2025, a New Jersey federal court entered a final judgment against Suyun Gu, ordering US$621,703 in disgorgement, US$134,663 in interest and a US$621,703 penalty for wash trading put options in 2021 to collect liquidity rebates.", "date_published": "2025-07-21T00:00:00.000Z", "tags": [ "SEC", "wash-trading" ] }, { "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/sebi-92384-matched-orders-2025/", "url": "https://marketmanipulation.org/cases/sebi-92384-matched-orders-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/feb-2025/adjudication-order-in-the-matter-of-trading-activities-of-certain-entities-in-the-scrip-of-kavit-industries-limited_92384.html", "title": "SEBI v. Vijay Pujara and others (synchronized and circular trades, Kavit Industries, 2025)", "summary": "A SEBI adjudicating officer found that three men operated the trading accounts of twenty front entities to create artificial volume in Kavit Industries shares through synchronized, circular and reversal trades. The order imposed penalties of Rs 10 lakh, Rs 6 lakh and Rs 5 lakh, Rs 21 lakh in total.", "date_published": "2025-02-28T00:00:00.000Z", "tags": [ "SEBI", "matched-orders", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sec-gotbit-consulting-llc-a-k-a-gotbit-hedge-fund-wash-trading-2024/", "url": "https://marketmanipulation.org/cases/sec-gotbit-consulting-llc-a-k-a-gotbit-hedge-fund-wash-trading-2024/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26156", "title": "SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (paid crypto market making, 2024)", "summary": "In 2024, the Securities and Exchange Commission brought an action against Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov, alleging conduct this library classifies as paid crypto market making and wash trading. The release does not state a monetary figure that we were able to extract. A parallel criminal matter is referenced in the release.", "date_published": "2024-10-09T00:00:00.000Z", "tags": [ "SEC", "paid-crypto-market-making", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sec-zm-quant-investment-ltd-baijun-ou-a-k-a-eric-ou-wash-trading-2024/", "url": "https://marketmanipulation.org/cases/sec-zm-quant-investment-ltd-baijun-ou-a-k-a-eric-ou-wash-trading-2024/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26158", "title": "SEC v. ZM Quant Investment Ltd., Baijun Ou a/k/a Eric Ou, and Ruiqi Lau a/k/a Ricky Liu (paid crypto market making, 2024)", "summary": "In 2024, the Securities and Exchange Commission brought an action against ZM Quant Investment Ltd., Baijun Ou a/k/a Eric Ou, and Ruiqi Lau a/k/a Ricky Liu, alleging conduct this library classifies as paid crypto market making and wash trading. The release does not state a monetary figure that we were able to extract. A parallel criminal matter is referenced in the release.", "date_published": "2024-10-09T00:00:00.000Z", "tags": [ "SEC", "paid-crypto-market-making", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/cftc-taiwanese-firm-wash-trading-2024/", "url": "https://marketmanipulation.org/cases/cftc-taiwanese-firm-wash-trading-2024/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8991-24", "title": "CFTC v. Taishin Securities Co., Ltd. (wash trading, 2024)", "summary": "In October 2024, the CFTC settled charges against Taiwanese firm Taishin Securities Co., Ltd., ordering a US$200,000 penalty for wash sales and noncompetitive CME trades made while moving open futures positions from one broker to another.", "date_published": "2024-10-01T00:00:00.000Z", "tags": [ "CFTC", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-87211-wash-trading-2024/", "url": "https://marketmanipulation.org/cases/sebi-87211-wash-trading-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/sep-2024/adjudication-order-in-respect-of-23-entities-in-the-matter-of-trading-activities-of-certain-entities-in-the-scrip-of-premier-synthetics-limited_87211.html", "title": "SEBI v. Sureshkumar Parmar and others (Premier Synthetics Limited circular trades, 2024)", "summary": "In September 2024 a SEBI adjudicating officer penalised 22 individuals for circular trading in the shares of Premier Synthetics Limited between 2017 and 2018, which created artificial volume, and in some cases for lifting the last traded price. Penalties totalled Rs 1,49,00,000, and the case against one noticee was abated.", "date_published": "2024-09-30T00:00:00.000Z", "tags": [ "SEBI", "wash-trading", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sebi-86362-wash-trading-2024/", "url": "https://marketmanipulation.org/cases/sebi-86362-wash-trading-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/aug-2024/adjudication-order-in-respect-of-36-entities-in-the-matter-of-trading-activities-of-certain-entities-in-index-options-contracts-of-nifty_86362.html", "title": "SEBI v. Rajendra D. Shah and 35 others (NIFTY index options trades, 2024)", "summary": "In August 2024 a SEBI adjudicating officer found that 29 related traders and one broker-dealer had entered synchronised, later squared-off NIFTY options trades with each other in 2014, with the broker booking losses of about Rs 89 crore and the others profits. Penalties on the 36 noticees, which also included six brokers, totalled Rs 1,56,20,000.", "date_published": "2024-08-30T00:00:00.000Z", "tags": [ "SEBI", "matched-orders", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/cftc-brazilian-wash-trading-2024/", "url": "https://marketmanipulation.org/cases/cftc-brazilian-wash-trading-2024/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/8946-24", "title": "CFTC v. Raizen Energia SA and Raizen Trading SA (wash trading, 2024)", "summary": "In August 2024, the CFTC settled charges against Raizen Energia SA and Raizen Trading SA, ordering a joint US$750,000 penalty for 44 wash sales and noncompetitive exchange for physical transactions in ICE sugar futures between accounts that were not independently controlled.", "date_published": "2024-08-19T00:00:00.000Z", "tags": [ "CFTC", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-85859-price-manipulation-2024/", "url": "https://marketmanipulation.org/cases/sebi-85859-price-manipulation-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/aug-2024/settlement-order-in-the-matter-of-settlement-applications-filed-under-the-iso-settlement-scheme-2024_85859.html", "title": "SEBI v. 768 applicants (ISO Settlement Scheme 2024, reversal trades in BSE stock options)", "summary": "In August 2024 SEBI issued one settlement order covering 768 entities that took up its ISO Settlement Scheme 2024 over reversal trades in illiquid BSE stock options. The annexure lists settlement amounts that add up to Rs 10,79,28,000, mostly Rs 1,20,000 or Rs 2,40,000 each, plus separate legal costs.", "date_published": "2024-08-19T00:00:00.000Z", "tags": [ "SEBI", "wash-trading", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sebi-82676-wash-trading-2024/", "url": "https://marketmanipulation.org/cases/sebi-82676-wash-trading-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/apr-2024/adjudication-order-in-the-matter-of-best-agrolife-limited_82676.html", "title": "SEBI v. Bharat Bhushan and others (Best Agrolife Ltd, 2024)", "summary": "On 3 April 2024 a SEBI adjudicating officer penalised 15 of 16 noticees a combined Rs 1.03 crore in the matter of Best Agrolife Ltd. One noticee was found to have pushed the price up with small buy orders, and the rest to have traded among themselves in circular and synchronised trades and to have ignored SEBI summonses.", "date_published": "2024-04-03T00:00:00.000Z", "tags": [ "SEBI", "wash-trading", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sec-safemoon-llc-safemoon-us-llc-kyle-nagy-braden-john-karony-thomas-glenn-smith/", "url": "https://marketmanipulation.org/cases/sec-safemoon-llc-safemoon-us-llc-kyle-nagy-braden-john-karony-thomas-glenn-smith/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25888", "title": "SEC v. SafeMoon LLC, SafeMoon US LLC, Kyle Nagy, Braden John Karony, Thomas Glenn Smith (wash trading, 2023)", "summary": "In 2023, the Securities and Exchange Commission brought an action against SafeMoon LLC, SafeMoon US LLC, Kyle Nagy, Braden John Karony, Thomas Glenn Smith, alleging conduct this library classifies as wash trading. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. A parallel criminal matter is referenced in the release.", "date_published": "2023-11-01T00:00:00.000Z", "tags": [ "SEC", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-76903-wash-trading-2023/", "url": "https://marketmanipulation.org/cases/sebi-76903-wash-trading-2023/", "external_url": "https://www.sebi.gov.in/enforcement/orders/sep-2023/adjudication-order-in-respect-of-chiranjilal-jayaram-vyas-namdeo-h-more-kishore-bhikaji-giri-deendayal-m-bohara-and-kishorilal-amrutlal-bissa-in-the-matter-of-sunteck-realty-limited_76903.html", "title": "SEBI v. Chiranjilal Jayaram Vyas and others (Sunteck Realty, remand penalty, 2023)", "summary": "On 14 September 2023 a SEBI adjudicating officer re-set the penalties on five traders in Sunteck Realty shares to a total of Rs 1,30,30,339 after the Securities Appellate Tribunal ordered gains to be recalculated on tainted shares only. The tribunal had already upheld the finding of circular trading.", "date_published": "2023-09-14T00:00:00.000Z", "tags": [ "SEBI", "wash-trading", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/sebi-75216-wash-trading-2023/", "url": "https://marketmanipulation.org/cases/sebi-75216-wash-trading-2023/", "external_url": "https://www.sebi.gov.in/enforcement/orders/aug-2023/order-in-the-matter-of-generic-engineering-construction-and-projects-limited_75216.html", "title": "SEBI v. Jayesh Rawal and others (Generic Engineering Construction and Projects, 2023)", "summary": "On 10 August 2023 a SEBI chief general manager found that a ring of connected traders manipulated the price of Generic Engineering Construction and Projects shares in 2016-17 through synchronised and circular trades. The order penalised Jayesh Rawal Rs 25,00,000 and directed 13 noticees to disgorge Rs 4,54,41,808 in total.", "date_published": "2023-08-10T00:00:00.000Z", "tags": [ "SEBI", "price-manipulation", "matched-orders", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sec-justin-sun-tron-foundation-limited-bittorrent-foundation-ltd-rainberry-inc-a/", "url": "https://marketmanipulation.org/cases/sec-justin-sun-tron-foundation-limited-bittorrent-foundation-ltd-rainberry-inc-a/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25803", "title": "SEC v. Justin Sun, Tron Foundation Limited, BitTorrent Foundation Ltd., Rainberry, Inc., Austin Mahone, and Deandre Cortez Way (paid stock promotion, 2023)", "summary": "In August 2023, the SEC reported a consent judgment against celebrity Austin Mahone in its case against Justin Sun and his companies over unregistered offerings of TRX and BTT, wash trading of TRX and undisclosed celebrity touting; the money recorded is Mahone's, and the case against the others continued.", "date_published": "2023-08-07T00:00:00.000Z", "tags": [ "SEC", "paid-stock-promotion", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-74820-wash-trading-2023/", "url": "https://marketmanipulation.org/cases/sebi-74820-wash-trading-2023/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jul-2023/adjudication-order-in-respect-of-crosseas-capital-services-ltd-in-the-matter-of-trading-in-the-scrip-of-wockhardt-ltd_74820.html", "title": "SEBI v. Crosseas Capital Services Ltd (Wockhardt self-trades, 2023)", "summary": "In July 2023 a SEBI adjudicating officer dropped proceedings against the broker Crosseas Capital Services over alleged self-trades in Wockhardt shares in 2012-13. The officer accepted that the trades were produced by algorithmic trading software and that no manipulative pattern had been alleged.", "date_published": "2023-07-31T00:00:00.000Z", "tags": [ "SEBI", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-72813-wash-trading-2023/", "url": "https://marketmanipulation.org/cases/sebi-72813-wash-trading-2023/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jun-2023/final-order-in-the-matter-of-crosseas-capital-services-pvt-ltd-_72813.html", "title": "SEBI v. Crosseas Capital Services Pvt. Ltd. (self-trades in Wockhardt Ltd, 2023)", "summary": "In June 2023 a SEBI whole-time member dropped a case against a stockbroker accused of creating artificial volume in Wockhardt shares through self-trades in its own account, accepting that the trades came from algorithmic software and that the notice alleged no manipulative pattern. The show cause notice was disposed of without directions.", "date_published": "2023-06-19T00:00:00.000Z", "tags": [ "SEBI", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-72681-wash-trading-2023/", "url": "https://marketmanipulation.org/cases/sebi-72681-wash-trading-2023/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jun-2023/adjudication-order-in-the-matter-of-kapil-raj-finance-limited_72681.html", "title": "SEBI v. Divyaben Hiteshbhai Gangani and others (Kapil Raj Finance Ltd, circular trades, 2023)", "summary": "In June 2023 a SEBI adjudicating officer found that 15 connected individuals traded in circles in Kapil Raj Finance shares on BSE in early 2018 without any change of ownership. Each was fined between Rs 5 lakh and Rs 8 lakh, Rs 87 lakh in total.", "date_published": "2023-06-16T00:00:00.000Z", "tags": [ "SEBI", "wash-trading", "matched-orders" ] }, { "id": "https://marketmanipulation.org/cases/sebi-72197-wash-trading-2023/", "url": "https://marketmanipulation.org/cases/sebi-72197-wash-trading-2023/", "external_url": "https://www.sebi.gov.in/enforcement/orders/may-2023/adjudication-order-in-the-matter-of-manipulative-trading-activities-of-certain-entities-in-the-scrips-of-cosyn-limited-tera-software-limited-flex-foods-limited-and-jubilant-industries-limited-_72197.html", "title": "SEBI v. Kajalben Kiranbhai Trivedi and others (Cosyn, Tera Software, Flex Foods and Jubilant Industries, 2023)", "summary": "In May 2023 a SEBI adjudicating officer found that three traders pushed up last-traded prices in small-cap stocks with small orders in 2015 and 2016, and that a brokerage firm also traded against itself in Jubilant Industries. The four noticees were fined Rs 5 lakh, Rs 7 lakh, Rs 6 lakh and Rs 12 lakh, Rs 30 lakh in all.", "date_published": "2023-05-31T00:00:00.000Z", "tags": [ "SEBI", "price-manipulation", "wash-trading" ] }, { "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/sec-carlos-eduardo-reyes-alvarez-wash-trading-2023/", "url": "https://marketmanipulation.org/cases/sec-carlos-eduardo-reyes-alvarez-wash-trading-2023/", "external_url": "https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25703", "title": "SEC v. Carlos Eduardo Reyes Alvarez (wash trading, 2023)", "summary": "In April 2023, a New York federal court entered a final consent judgment against Florida trader Carlos Eduardo Reyes Alvarez over microcap manipulation involving unauthorised press releases and, in at least four companies, wash trading, ordering US$368,045 in disgorgement, US$76,843 in interest and a US$160,000 penalty.", "date_published": "2023-05-01T00:00:00.000Z", "tags": [ "SEC", "wash-trading" ] }, { "id": "https://marketmanipulation.org/cases/sebi-70794-matched-orders-2023/", "url": "https://marketmanipulation.org/cases/sebi-70794-matched-orders-2023/", "external_url": "https://www.sebi.gov.in/enforcement/orders/apr-2023/adjudication-order-in-the-matter-of-shree-global-tradefin-limited_70794.html", "title": "SEBI v. Om Hari Mahabir Halan HUF and others (Shree Global Tradefin, synchronised trades, 2023)", "summary": "In April 2023 a SEBI adjudicating officer found that five connected noticees executed synchronised trades with each other in Shree Global Tradefin Ltd shares on BSE, creating a false appearance of trading without a real change of ownership. They were jointly and severally fined Rs 5,00,000.", "date_published": "2023-04-28T00:00:00.000Z", "tags": [ "SEBI", "matched-orders", "wash-trading" ] } ] }