RE:Thoughts on the Scotia 250k bid movement? Spoofing Tinley's stock while the DOJ & SEC are sniffing around is risky. They're basically asking to get caught with all of the eyes on this company in the process of M&A. SEC & DOJ are actively charging hedge funds and traders spoofing and scalping. Article From Today.
Spoofing is a type of market manipulation where traders put in bids or offers to create the false impression of either demand or a lack of demand and profit when the market moves in response -- misconduct the Washington-based Justice Department has been focusing on over the past few years.
MadJack1 wrote: Anyone have a theory on why Scotia continues to move the 250k bid on a daily basis?
MJ1