Article: Federal Charges Filed in Price ‘Spoofing’ Inquiry on Wall St.

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Federal Charges Filed in Price ‘Spoofing’ Inquiry on Wall St.

Emily Flitter

New York Times, 29 January 2018

Federal authorities have filed civil and criminal charges against a group of Wall Street banks and individuals that they say tried to manipulate markets in gold, silver and certain financial products, including by showing potential customers fake prices.

The actions, filed over the past several days, are part of a yearslong effort by financial regulators and the Department of Justice to stamp out behavior that gives the biggest banks an advantage over smaller market players.

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