Market Manipulation Complaints Are Common But Prosecutions Rare
Traders work on the floor of the New York Stock Exchange in New York, U.S.
Jin Lee/BloombergThis article is for subscribers only.
CME Group Inc., the operator of the biggest U.S. futures market, has a spoofing problem.
Complaints about the practice -- using fake orders to manipulate prices, then withdrawing them -- are widespread. Enforcement is lax, and prosecutions are rare.