Two years after being accused of spoofing, a hedge fund manager and semi-professional poker player reached a settlement with the Commodities Futures Trading Commission. He felt that settling the dispute swiftly was more crucial, even though he was sure he could have won at trial.
The poker player allegedly attempted to rig the gold and silver markets and pose as an expert. Spoofing is the act of putting in market orders and then canceling them right before they are fulfilled. Practitioners can now illicitly manipulate markets thanks to this.
The poker player allegedly attempted to rig the gold and silver markets and pose as an expert. Spoofing is the act of putting in market orders and then canceling them right before they are fulfilled. Practitioners can now illicitly manipulate markets thanks to this.
