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Swiss watchdog investigates insider and 'spoof' trading

Swiss regulator FINMA is working on "a number of" possible market abuse cases in the country, including spoofing, wash sales and front running, CEO Mark Branson said in a speech at FINMA's annual media conference April 4.

FINMA also investigated more than double the number of anti-money laundering regulation breaches in 2016 compared to 2015, according to the regulator's statement.

In 'spoofing', market participants place and then withdraw large-scale to achieve an unfair advantage, while wash sales practices include an individual or an entity buying and selling the same shares, or doing so in agreement with a third party, Branson said.

Front running cases include insiders using confidential information of an upcoming transaction to submit transactions for their own account.