Spoofing, it may sound harmless and frivolous, but it’s no joke. Canadian financial regulators are clamping down on the deceptive trading practice, which has been linked to the stock market ‘flash crash’ of 2010.
The Ontario Securities Commission just wrapped the first spoofing case ever launched by the regulator, reaching a settlement with Zhen (Steven) Pang, the Canadian-based founder of Oasis World Trading. It’s a homegrown case of quintessential spoofing, with an offshore twist.
Get the play-by-play on the deceptive trading tactic and hear from securities expert Douglas Cumming, Ontario Research Chair in Economics and professor of finance and entrepreneurship at the Schulich School of Business, at York University – only on RegWatch by RegulatorWatch.com.
RegulatorWatch.com – February 5, 2016.