Financial securities are investment items such as bonds, stocks, and debentures. Securities law governs the purchase, sale, and creation of security interests. This area of law also prohibits traders from engaging in shady tactics such as spoofing to make money.
As mentioned above, you can also face civil penalties if you are caught spoofing. Civil penalties for spoofing can range from a trading ban to paying fines.
In some cases, yes. Distinguishing between simply using a savvy trading strategy and spoofing can be hard. The government generally looks at illegal market manipulation to hide an intended trade in these situations.
Spoofing is a serious white-collar crime. Thus, it is vital to seek the help of a criminal attorney if you are charged with a crime involving spoofing or other form of illegal trading. A criminal attorney will assist you in building a defense to fight the charge or charges.
Last Modified: 11-05-2015 04:41 PM PSTLaw Library Disclaimer
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