Lek Securities and Avalon FA charged with multi million dollar layering manipulation scheme LeapRate

March 12, 2017 BY LeapRate Staff

Lek Securities and Avalon FA charged with multi million dollar layering manipulation scheme

The U.S. Securities and Exchange Commission today announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. The SEC’s complaint alleges that Avalon FA Ltd touted itself to traders as a destination…

July 12, 2016 BY LeapRate Staff

Bats unveils its own (non-incentive based) whistleblower Community Policing Program

The Bats Community Policing Program establishes a “Walking the Beat” process of engaging directly with the trading community.

July 31, 2015 BY Maria Nikolova

BATS proposes Client Suspension Rule for swifter action against market manipulation

The company has filed a new rule with the Securities and Exchange Commission, in order to be allowed to take faster action against traders engaged in practices like spoofing and layering.

May 14, 2015 BY Andrew Saks-McLeod

Flash crash trader made £27 million by spoofing - now the taxpayer will pick up his legal bill

Navinder Singh Sarao made £27 million by using spoofing and layering techniques whilst executing orders on North American electronic venues, all from his innocuous home in Hounslow. Now, the British government has granted him legal aid - funded by the taxpayer - to fight his legal battle

April 22, 2015 BY Andrew Saks-McLeod

Could one man cause 2010 flash crash from his living room in Hounslow?

From his innocuous semi-detached house in Hounslow, West London, Navinder Singh Sarao is alleged to have raked in £27 million by spoofing and layering, and being a major contributor to the 2010 flash crash. He now awaits extradition to the United States to face trial

Tag: layering