Fraud

Fraud

There’s a new way traders are defrauding the market — and they’re starting to get busted for it

Panther Energy trader Michael Coscia has been found guilty in a high-profile market-manipulation trial in Chicago. His crime? Spoofing. It’s a funny-sounding term for the practice of making and cancelling bets in a way that can push prices around. It’s what alleged “Flash Crash” trader Navinder Singh Sarao was ...Read More
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