February 18, 2015
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.
October 08, 2014
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.