A Look At The 1st Criminal 'Spoofing' Prosecution: Part 1
Law360, New York (April 20, 2015, 12:01 PM EDT) -- On April 16, 2015, U.S. District Judge Harry D. Leinenweber in Chicago ruled, in the first criminal case of its kind, that the "spoofing" statute was not unconstitutionally vague, and that the spoofing and fraud indictment against futures trader Michael Coscia would not be dismissed. In Part 1 of this article, we examine what guidance can be gleaned from what futures regulators have said about spoofing and what they have charged as spoofing. We focus on futures markets because the Coscia case and the Dodd-Frank statutory provision at issue there involve the futures markets, but enforcement actions concerning similar trading conduct...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!