A day after Halloween, federal prosecutors spooked traders nationwide. In the first criminal prosecution of its kind, Michael Coscia was charged with spoofing.1 The indictment claims that he manipulated the futures market through two computer programs that he designed.2 Mr. Coscia is a high frequency trader, and the prosecution comes at a time when authorities…
Author: Michael Brown
Non-Competes: Worth Competing For?
The West Coast has a reputation for being more relaxed than the East, and in at least one respect that is certainly true. California has all but done away with non-compete clauses in employment contracts, a legislative change that is loved by the startup community in Silicon Valley and despised by others around the country…