Tag Archives: FCA

High Frequency Trader “Spoofs” and “Layers” his Way to Penalties from U.S and British Regulators

On July 22, 2013, regulators from the United States Commodity Futures Trading Commission (CFTC) and the British Financial Conduct Authority (FCA) fined high frequency trader Michael Coscia (and his firm Panther Energy Trading) for engaging in spoofing transactions for the … Continue reading

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High frequency trader fined more than $3m by regulators

Financial regulators in the UK and US have fined a high frequency trader and his firm more than $3m (£1.95m) for manipulating commodities markets. The UK’s Financial Conduct Authority (FCA) fined Michael Coscia $903,176, while two US regulators levied the … Continue reading

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