Market Manipulation

Market manipulation is the deliberate interference with the operation of the market to create artificial, false or misleading appearances about a commodity, security or currency. Manipulating the market can mislead others into making the wrong investment decisions, and undermines public confidence in markets.  In recent years, the Financial Conduct Authority has focused on investigating market manipulation, including in the context of high frequency trading, and has the power to take regulatory or criminal actions against companies and individuals it believes are illegally manipulating the markets.  Penalties for market manipulation can be any one or more of the following: a statement can be issued stating the individual's involvement in market abuse; a fine; or criminal proceedings can be instituted against an individual, which could result in a fine, a prison sentence, or both.

Understanding a person’s state of mind is critical to the  successful prosecution of a market abuse case.  Where there is a basis to find that an individual had reasonable grounds to believe that his actions did not amount to market abuse this can undermine the strength of a case.  The success of a case can also turn on the intricacies of a trading strategy and a proper understanding of its operation and objective.

Bright Line Law is highly regarded as a specialist provider, winning the Financial Times Innovative Lawyers of 2017 award, as well as being Top Ranked within the UK Bar Chambers for 2018 and 2019. Bright Line Law is a specialist provider in this area, contact a member of our team, call us on + 44 (0)203 709 9470, or fill in our online enquiry form.

Jonathan Fisher QC
Lead Counsel

Telephone + 020 3872 2852

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