Case Against Ex-UBS Trader In Spoofing Trial Heads To Jury
Law360, New Haven, Connecticut (April 24, 2018, 11:28 PM EDT) -- The trial of a former UBS AG trader accused of scheming to manipulate the precious metals futures market with a trading tactic known as "spoofing" headed to a New Haven federal jury Tuesday after prosecutors wrapped up their case by emphasizing the testimony, trading data and other evidence they've presented over the past week.
Andre Flotron, 54, is on trial for allegedly plotting with other UBS traders to enrich themselves and their bank through a roughly five-year scheme starting in 2008 that involved spoofing, a banned technique where traders place deceptive bids or offers to move market prices in more favorable directions....
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