'Spoofing' On Wall Street – Why It's Still Happening

03:45

December 25, 2015

The New York Stock Exchange (NYSE) stands on Wall Street and Exchange Streets on December 21 in New York City. (Spencer Platt/Getty Images)

An uptick in "spoofing" has been reported in 2015 on Wall Street. This is when an investor puts in an order for a stock future or equity - but they cancel it shortly after. Spoofing is illegal, but it can be hard to catch, and now many on Wall Street are trying to root out others who are spoofing.

Mike Regan of Bloomberg News joins Here & Now's Jeremy Hobson to explain.

Guest

Mike Regan, editor at Bloomberg News. He tweets @reganonymous.

This segment aired on December 25, 2015.