Market manipulation? It's very much alive and would have got worse unless . . . You'll find the article here: http://www.chicagotribune.com/news/...db-11e5-8abc-d09392edc612-20160105-story.html
Yes, well Wall Street is hardly known for it's ethics..despite the efforts of Dodd Frank and some of the other legislation that was aimed at reducing some of the corruption on Wall Street. These spoofing allegations don't surprise me in the least. I think it is all suspicious.
Quite right but this wasn't about market manipulation. Apparently you didn't read the article. This is the news: The Financial Industry Regulatory Authority, starting next month will issue report cards grading firms on how many phony bids to sell or buy stocks they facilitate. These assessments will be used by brokers to root out misconduct.
The big problem with the regulations is that they are usually way overboard and beyond what is needed. Dodd-Frank is a perfect example of legislation that is way overboard. Some even want to ban HFT, put additional taxes and expenses on transactions and profits, etc.
