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From Pits to Algos, an Old-School Trader Makes Leap to Spoofing

Traders Magazine Online News, November 13, 2015

Brian Louis, Annie Massa and Janan Hanna

Michael Coscia is no one’s idea of a 21st- Century Wall Street wizard. See how he has become the unlikely poster child for the market crime of the moment: spoofing, a kind of electronic pump-and- dump scheme that traders use to profit at others’ expense.

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