Glen Point Capital co-founder Neil Phillips was recently arrested and accused of fraud following a frantic trading session in December 2017 using a once-widespread strategy known as barrier chasing. While the US says barrier chasing is fraud, some on Wall Street say it’s fair in the market as long as there is risk behind it.  In a recent Bloomberg article, Principal and Co-Leader of Brattle’s global Antitrust & Competition practice Dr. Rosa Abrantes-Metz was quoted, noting that taking risk is not a catch-all defense, as any manipulator of markets is likely to take risks and incur some costs.

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