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USA v. Coscia
Case Number:
1:14-cr-00551
Court:
Nature of Suit:
Firms
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February 18, 2015
Feds Say 'Spoofing' Law Isn't Vague In 1st Prosecution
Federal prosecutors on Tuesday pushed ahead with the government's pioneer case against the recently outlawed rapid-fire trading strategy of "spoofing," describing the accused New Jersey high-frequency commodities trader's argument that the law is too vague to apply to his case as baseless.
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October 08, 2014
Gov't Goes To Bat For High-Speed Traders In Spoofing Case
The first criminal case against a high-speed trader who allegedly duped the markets with bogus orders shows the U.S. government won't hesitate to take action against market manipulation, even when the victims are probably high-frequency traders themselves.
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