A CASEOUTCOMES COLLECTION · UNITED STATES & UNITED KINGDOM
Financial enforcement
Court decisions, regulatory settlements and the outcomes behind the headlines.
This collection brings together six entries involving the CFTC, SEC, FCA and SFO. Read across the cases to compare what was alleged, what was decided, and which penalties or restrictions remained.
The proceedings differ: a corporate criminal prosecution, a regulatory notice and a US civil enforcement action are not equivalent. Each entry identifies its authority, procedural history and the limits of the recorded outcome.
United States · 1 Sept 2026
CFTC v. John Patrick Gorman III
Trading claims dismissed with prejudice
The Commodity Futures Trading Commission's case against John Patrick Gorman III concluded in September 2026 with both market-manipulation claims dismissed with prejudice.
Read the outcome and full source record →United States · 28 Feb 2025
SEC v. Coinbase
Dismissed with prejudice
The SEC action was dismissed with prejudice. The SEC attributed dismissal to a change in regulatory approach, not an assessment of the merits.
Read the outcome and full source record →Underlying sources (6)
United States · 7 Aug 2025
SEC v. Ripple Labs
Mixed ruling · appeals dropped
A mixed ruling distinguished categories of XRP transactions. The appeals were dropped; Ripple’s $125,035,150 penalty and injunction remained in effect.
Read the outcome and full source record →United States · 12 Jun 2024
SEC v. Terraform Labs and Do Kwon
Liability verdict · remedies settled
A jury found Terraform and Kwon liable for securities fraud. A subsequent consent judgment imposed financial remedies and injunctions. Settlement did not erase the verdict.
Read the outcome and full source record →United Kingdom · 28 Mar 2017
FCA · Tesco market abuse
Agreed findings · restitution
Tesco agreed that it committed market abuse. The FCA issued a public censure and required investor restitution, without imposing an additional FCA financial penalty.
Read the outcome and full source record →United Kingdom · 21 May 2018
SFO v Barclays plc and Barclays Bank plc
Charges dismissed
All charges against the two Barclays companies were dismissed on 21 May 2018. The High Court subsequently refused the SFO’s application to reinstate them.
Read the outcome and full source record →