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17157358 No.17157358 [Reply] [Original]

Guys I sold a bunch of crypto last summer at 14k and put some of the money into the stock market. I was trading a few penny stocks like I trade shitcoins and doing the fake buy and sell wall thing to make them move in my favour... I got a call from my banks local branch manager and they want me to come in for a meeting this week, apparently I’m under investigation for something called “spoofing”? Ahhhhhhhhhhhhhhhhhhhh why the fuck did no one tell me you can’t fake buy and sell walls in stonks?

>> No.17157376

>>17157358
Play with boomer technology, talk to boomer investigators

see ya

>> No.17157392

>>17157358
https://www.fxcm.com/uk/insights/what-is-spoofing/
what country do you live in?

>> No.17157399

>>17157392
America, land of the free :/

>> No.17157419

>>17157399
yeah i think the US has the highest count of managing to prosecute for this. work on your defense is what i'd advise, consider getting a financial lawyer

>> No.17157447
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17157447

>go to jail for pressing cancel too quickly after pressing buy/sell

>> No.17157453

>>17157419
Fuck fuck fuck I’m gonna get a layer asap I guess...

>> No.17157463

>spoofing with $14

larping poorfag

>> No.17157505

>>17157463
It was more like 200k not everyone here is as poor as you

>> No.17157524

>>17157358
lmao you can get raped for putting limit orders, how about people stop herd mentality and dont trust random actors orders who want to take your money

>> No.17157547

>>17157358
rip. You seriously need to be more careful

>> No.17157568

>>17157358
>>17157392
idk shit about finance or law, but in OP's link there's a lot of reference to intent... maybe, just maybe you have enough plausible deniability that they won't be able to prove intent. But judging from the existence and content of your post I doubt it

>> No.17157584

Spoofing orderbook is illegal hence why crypto markets are to be called unregulated.