October 08, 2015
Briargate Trading, LLC, Eric Oscher
SANCTION AMOUNT: $1,062,842
Defendants: Briargate Trading, LLC
Settlement of allegations that Respondents, a proprietary trading firm and one of its co-founders, engaged in the manipulative trading tactic known as spoofing. Under this tactic, sham orders are placed with the intent of creating an appearance of interest in one side of the market, while the spoofer works the other side.
- Key Docs
- Official SEC press release