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Trader Under Fire Says Spoofing Law Is Unconstitutional

By Jessica Corso (May 10, 2016, 7:04 PM EDT) -- A Chicago-based trader facing a U.S. Commodity Futures Trading Commission enforcement action urged an Illinois federal judge on Monday to throw out the lawsuit against him, saying the congressional statute that prohibits a market manipulation tactic known as spoofing is unconstitutionally vague and the CFTC has not remedied the problem by giving traders fair warning of what they're up against....

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