When Is a Bid or Offer a 'Spoof'?

<b><i>U.S. Supreme Court Denial of Cert Leaves Statute Vague</i></b><p>This article analyzes the confusion faced by commodity futures traders in assessing whether their trading strategies constitute illegal spoofing and examines whether the CFTC and Seventh Circuit have provided sufficient guidance on the distinction between spoofing and legitimate trading activity.

25 minute read June 01, 2018 at 12:05 AM
By
Jodi Misher Peikin and Brent M. Tunis
When Is a Bid or Offer a 'Spoof'?

In 2010, Congress expressly criminalized a type of trading activity on the commodity futures exchanges referred to as “spoofing.”

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