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Expert Analysis

Parsing The DOJ's Flawed Spoofing Theory

By Joshua Ray ( September 10, 2020, 3:25 PM EDT) -- The Commodity Exchange Act defines "spoofing" as "bidding or offering with the intent to cancel the bid or offer before execution."[1] Put into plain language, the law makes it illegal for traders to enter orders onto securities exchanges that they do not actually want to be filled....

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