The Knowledge Group Has Scheduled a Live Webcast on "Spoofing" and Disruptive Futures Trading Practices: What Every Firm Needs to Know

Top Quote This two-hour event is scheduled on Friday, November 18, 2016 @ 12:00 PM to 2:00 PM (ET). End Quote
  • Jersey City, NJ (1888PressRelease) October 28, 2016 - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: "Spoofing" and Disruptive Futures Trading Practices: What Every Firm Needs to Know LIVE Webcast.

    Event Synopsis:
    Under the Dodd-Frank Act, any trading practice "which violates bids or offers; or demonstrates intentional or reckless disregard for the orderly execution of transactions during the closing period," also known as spoofing, is illegal.

    The year 2015 marked the U.S.' first criminal conviction of a trader for spoofing and the increase in the number of civil enforcement actions against the alleged traders. Michael Coscia, the first person to be convicted of spoofing crime, made civil case settlements amounting to a total of $2.7 million in disgorgement and $3.1 million in fines. Some other notable spoofing-related events include the cases of traders Navinder Sarao and Igor Oystacher.

    Strengthened efforts are now geared towards spoofing detection, prevention, and punishment. Regulators are expected to actively monitor the markets through sophisticated spoofing detection technology. As a matter of fact, the Financial Industry Regulatory Authority ("FINRA") will begin to rate firms on the basis of spoofing volume and other manipulative trading tolerated through their systems. This will likely lead to increased enforcement actions and prosecutions in 2016 and beyond.

    It is clear: firms need high quality compliance systems and individuals well-versed with the new regulatory backdrop to keep them out of spoofing trouble. Spoofing compliance systems help prevent spoofing risks and could help in mitigating any fine, should a firm be a target of regulatory scrutiny.

    In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders will help traders and firms understand the fundamental aspects of "Spoofing" and Disruptive Futures Trading Practices. They will provide an in-depth discussion of this significant topic and will also offer best practices in developing and implementing an effective spoofing compliance system.

    Key topics include:
    -"Spoofing" and Disruptive Futures Trading Practices - An Overview
    -Notable Cases
    -Current Enforcement Trends
    -Spoofing Risks
    -Spoofing Penalties
    -Legal and Regulatory Forecasts
    -Best Practices - Spoofing Compliance Systems

    Speakers/Faculty Panel:
    Dr. Fabricio Nunez
    Senior Associate
    The Brattle Group

    Shaun D. Ledgerwood
    The Brattle Group

    Yan Cao
    Cornerstone Research

    Brian L. Friedman
    Senior Counsel

    For an updated list of the faculty panel, please visit:

    About The Knowledge Group/The Knowledge Congress Live Webcast Series
    The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.

    Visit for further information and inquiry.

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