Farmmi, Memecoins, and the Crypto Market Manipulation Gap
A memecoin paired with an unofficial FAMI token preceded a 350% surge in a Nasdaq microcap. Former DOJ prosecutors Scott Armstrong and Drew Bradylyons analyze the wash trading and spoofing statutes, the regulatory gap for spot crypto, and why market manipulation enforcement is poised to return.
SEC v. Patel: Market Manipulation Through Spoofing and Layering, Federal Charges, and Defense Considerations
The SEC charged day trader Harsh Patel with manipulating more than 400 securities through spoofing and layering. Analysis of the three federal counts, their elements under SDNY authority, and defense considerations including scienter, non-bona fide order characterization, liability causation, and parallel criminal exposure.