The US Attorney for the District of New Jersey recently filed criminal securities and wire fraud charges against a Canadian man, Aleksandr Milrud, alleging that he engaged in a fraudulent scheme to manipulate the stock market. The Securities and Exchange Commission filed parallel civil charges in the District of New Jersey.
“Layering,” also known as “spoofing,” is where a trader places orders to buy or sell securities, with no intent to execute the orders, in…
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