Abstract: Spoofing (canonically: ‘bidding or offering with the intent to cancel the bid or offer before execution’), once a valued skill in face-to-face trading, has become a crime punishable by jail. Echoing Riles’s call for greater attention to law in research on finance, this article analyzes the interwoven processes of this dramatic shift, including trading’s changing material form, contingencies such as the Congressional response to the global financial crisis, and, above all, the use of criminal (not just civil, administrative) law. Crimina...
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Topics: 
Law
Law and economics