Our Co-Head of Financial and Securities Litigation, Robert Chang, has been quoted in a Market Watch article on Treasury-Market manipulation. In the article he warns that “proving intent is particularly challenging, and we don’t expect the process to get any easier,” citing the speed and volume of today’s trading activity and the use of encrypted, unmonitored chat rooms by some traders.

Director Connor Hurley said: “Many spoofing cases only come to light because banks and other trading firms are required to monitor their employees’ trading activities. This requires internal systems that prevent spoofing from happening, and companies can face fines and other penalties if they fail to properly supervise their employees.”

You can read the full article here.