A yearslong crackdown on cheating in futures markets is yielding new wins for the government, but several trials to come will show whether the Justice Department’s focus on a tactic known as “spoofing” is ultimately successful. Prosecutors have doubled down on their effort to curtail this form of market manipulation, with four former traders scheduled to stand trial this year. The Justice Department’s Fraud Section, which focuses on white-collar crime, dedicated a special team last year to rooting out the conduct.

Source: Wall Street Journal February 07, 2020 17:12 UTC