18 U.S.C. § 1348

Section 1348 of Title 18 is the criminal securities and commodities fraud statute, enacted by the Sarbanes-Oxley Act. It carries a maximum term of 25 years and is the usual criminal charge in spoofing prosecutions.

law and enforcement · updated 2026-09-08

See also

• Wire fraud — Wire fraud is the federal offence of using interstate wires to further a scheme to defraud. Prosecutors add it to market manipulat…
• Criminal parallel — A criminal parallel is a prosecution running alongside a civil regulatory action arising from the same conduct. The two resolve on…

Terms that refer here

Wire fraud

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