Short-bets against meme stocks are on the rise as GameStop's stock price holds ground
Business InsiderMAR 26 2022
With spoofing having been illegal for over a decade now, this is good news for anyone who's been waiting for stock market manipulators to face justice. By working at one of the largest banks in the world, these men had the power to manipulate the entire gold market, and this time they didn't get away with it.
Thankfully these men were acquitted on the bogus charges of racketeering, but the jury wrongfully correlated typical trading practices with criminal activity. The prosecution - which lacked any real evidence of intent of spoofing - cherry-picked a scattering of trades as misleading "proof," which the jury clearly didn't question.