"Spoofing" creates a false sense of investor demand in the market, thus changing the behavior of other traders. It's illegal, but how can similar strategies be used in a legal way?
Jurors in the trial of five former Bernard Madoff employees were shown video clips of the con man telling participants at a conference in 2007 that fraud on Wall Street was “virtually impossible.”
Two former RP Martin Holdings Ltd. employees in London became the first brokers to face criminal prosecution in the global probe of manipulation of the London interbank offered rate.
Remarks of CFTC Chairman Gary Gensler to the American Bar Association, Committee on Derivatives and Futures Law
The law firm Kleinberg, Kaplan, Wolff & Cohen, P.C. provides a legal look at the workings of Dodd-Frank.