Question.5461 - • Briefly explain spoofing or insider trading (whichever one you have chosen) and why it is illegal (e.g., effect on business, society); • What is the specific statute and/or regulation violated by this conduct? • Identify the case you have selected and provide a link to the case; • Describe the violation illustrated by the case, e.g. Who are the parties? What did the violator(s) do that constituted spoofing or insider trading? Who was harmed by the violation? • What is the ethical framework you observe was followed by the violator(s) in committing the illegal conduct? (Explain by including application of the ethics framework. It is not sufficient to simply name the ethics model.) • Explain how the case was resolved, e.g., What happened to the violator(s)? What were the penalties levied against the violator(s), if any? • Do you believe the result is a just resolution of the violation? Why or why not? • Share any other thoughts you have on this topic.
Answer Below:
Spoofing is a dishonest way to manipulate the market in which traders put in big orders that they don't plan to carry out, only to cancel them once th...
Spoofing xx a xxxxxxxxx way xx manipulate xxx market xx which xxxxxxx put xx big xxxxxx that xxxx don't xxxx to xxxxx out xxxx to xxxxxx them xxxx they xxxx changed xxx the xxxxxx acts xxxxxxxxxx Other xxxxxxx are xxxxxxx into xxxxxxxx there xx more xxxxxx or xxxxxx than xxxxx really xx which xxxxxx them xx change xxxxx positions xxxxx on xxxxx signs xxxxxxxx is xxxxxxx because xx hurts xxx purity xx financial xxxxxxx makes xxxxxxxxx less xxxxxxxxx and xxxxxxxx hurts xxxxxx market xxxxxxx who xxxx choices xxxxx on xxxxx information xxxxxxxx affects xxxxx in xxx fairness xx trade xxxxxxx and xxxxxxx systemic xxxx by xxxxxxxx prices xx a xxxx way xxxx The xxxxxxxxx Futures xxxxxxx Commission xxxx upholds xxx Commodity xxxxxxxx Act's xxxxx rule xxxxx says xxxx you xxxxx bid xx give xxxxxxxxx with xxx intention xx cancelling xxxxxx the xxxx goes xxxxxxx Daniel xxxx a xxxxxx from xxxxxx was xxxxxxx by xxx CFTC xxxx faking xx the xxxx and xxxxxx futures xxxxxxx in xxxx v xxxxxx Shak xxxxxxx No x Shak xx said xx have xxx in xxxxxxxx of xxx fake xxxxxx that xx planned xx cancel xxxxxxx and xxxxx also xxxxxxx in xxxx orders xx the xxxxx side xx the xxxxxx I xxxxxxx his xxxx plan xxxx it xxxx like xxxxx was xxxxxx or xxxxxx which xxxx other xxxxxxx act xx ways xxxx helped xxx get xxxxxx prices xxxxxx fills xxx bigger xxxxxxx People xxx were xxxxxx by xxx fake xxxxxx lost xxxxx and xxx market xx a xxxxx became xxxx fair xxxx Ethically xxxxxx actions xxxx ethical xxxxxx because xx put xxxxxx money xxxxx of xxxxx fair xxxxxx and xxxxxxxxx the xxx I xxxxxxx his xxxxxxx disregarded xxx trust xxxx is xxxxxxxxx for xxx stability xx the xxxxxx The xxxx asked xxx fines xxxxx to xx returned xxxxx bans xxx a xxxxxxx order xx punishments xxxx In xx opinion xxxx decision xx fair xxxxxxx it xxxxx him xxxxxxxxxxx and xxxxx him xxxx doing xxxxx things xxxxx As x result xxx case xxxxx how xxxxxxxxx tight xxxxxxxxxx is xx keep x S xxxxxxx open xxx fair xxxxxxxxxxxxxxxxxxx Futures xxxxxxx Commission xxxxxx CFTC xxxxxxx Nevada xxxxxx trader xxxx spoofing xx gold xxx silver xxxxxxx Release xx - xxxxx www xxxx gov xxxxxxxxx PressReleases x Khorasanee x Spoof xxxxx Go xxx It x Defence xx Spoofing xxxxxxx of xxxxxxxx Ethics x
.ico)
.ico)
.ico)
