LLB EDITOR, 27 April 2020
A total of 822 reports of suspected market manipulation were made to the FCA last year (year end Dec 31 2019) by market participants, suggesting that the problem is far from being eradicated, says RPC, the City-headquartered law firm.
The number of reports of market manipulation saw a slight increase last year, rising from 812 in 2018.
Market manipulation is the attempt to artificially increase or decrease the price of an asset, index or its derivative in order to make a gain. Following the LIBOR scandal that broke in 2012, the laws relating to market manipulation were significantly tightened up. This included criminalising the attempted manipulation of benchmarks (Financial Services Act 2012). Continue reading “Article: Market manipulation persists in London’s financial district”