SEC v. Ryan N. Cole

Ryan N. Cole allegedly conducted a manipulative trading scheme known as spoofing through which he obtained approximately $234,000 in ill-gotten gains, according to the SEC. Cole's alleged scheme included placing multiple spoof orders across neighboring options series. Cole took steps to conceal his spoofing scheme from the firm by providing false and misleading responses to questions posed about his trading.

Summary generated from official Securities and Exchange Commission press release