Prosecutors behind a sweeping U.S. crackdown on market “spoofing” scored a big win Friday when former
A federal jury in Chicago, after three days of deliberations, concluded Chanu and Vorley made bogus trade orders between 2008 and 2013 to illegally influence precious-metals prices. The weeklong trial was the latest U.S. prosecution of a “spoofing” case since the global market “flash crash” in 2010.
Chanu and Vorley engaged in a classic “bait and switch” by placing orders they never intended to execute ...
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