Long reads
These are longer pieces on how manipulation works in practice: case teardowns, the forensics of detection, the distinctions people get wrong, and analysis of this site's own enforcement data. Each links out to the technique pages and case records behind it.
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How spoofing actually gets caught
The surveillance forensics behind order-book manipulation cases — which measures matter, which produce false positives, and why the strongest evidence is a conditional probability.
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Anatomy of a spoofing case: what the enforcement record actually contains
A close reading of how spoofing prosecutions are actually built, using the enforcement records in this library rather than the narrative versions.
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Is short selling market manipulation? The honest answer
Short selling is lawful, useful and constantly described as manipulation. Here is where the line actually falls, and what the enforcement record shows about how often it is crossed.
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The Hunt brothers and the silver corner, explained properly
The most famous attempted corner in modern markets, and what it teaches about why corners are easy to build and nearly impossible to exit.
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Pump and dump has moved to Telegram
The mechanic has not changed since the 1920s stock pools. The distribution channel has, and the change made the fraud cheaper to run and far easier to prove.
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What LIBOR rigging teaches us about benchmark design
The benchmark scandals were not a failure of imagination. The vulnerability was described before it was exploited, and the fix was structural rather than punitive.
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Spoofing enforcement since 2015, charted
What this library's own records show about how spoofing and layering enforcement has actually developed, and what the numbers cannot tell you.
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Manipulation, insider trading and fraud: the distinctions that matter
Three things that get used interchangeably, are not the same, and attract different statutes, different burdens of proof and different victims.