'Spoofing': The SEC Calls It Manipulation, But Will Courts Agree?
Michael A. Asaro and Richard R. Williams Jr. of Akin Gump Strauss Hauer & Feld write: Spoofing has clearly become a high enforcement priority for the SEC and other regulators. As a result, investment firms and broker-dealers who condone this activity, or who fail to have policies reasonably designed to prevent it, do so at their own risk.
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