Comment Re:So was it illegal? (Score 1) 310
Was cancelling the trades illegal?
Yes. He's charged "with one count of wire fraud, 10 counts of commodities fraud, 10 counts of commodities manipulation, and one count of “spoofing,” a practice of bidding or offering with the intent to cancel the bid or offer before execution."
My point is - would anyone have cared if he didn't trigger a 1000 pt market slide?
Quit exaggerating; it was only a 600 point slide. That's only $180,000,000,000, or 5.5% of the 30 most important companies in the U.S..
Actually, I'm surprised the guy is still alive; they must be hoping to recover some of the money before they off him.