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Meme Stock Wash-Trading Scheme Triggers SEC Enforcement Action - Bloomberg

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The Securities and Exchange Commission sued a pair of traders over an alleged scheme to collect liquidity rebates from exchanges by wash trading put options of certain meme stocks in early 2021.

Staring in February 2021, Suyun Gu, 35, allegedly devised a way to take advantage of so-called maker-taker programs, in which exchanges reimburse high-volume traders, the SEC said in a Monday statement

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Meme Stock Wash-Trading Scheme Triggers SEC Enforcement Action - Bloomberg
"Trading" - Google News
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