[FireBeyond]

"Markets work on trust, if you don't actually want to buy/sell what you're claiming you want to buy/sell then you are lying."

No, that's patently not true. If you are UNWILLING, or UNABLE, to execute a trade when matched, then you are lying.

Plenty of people "don't actually want" to buy/sell, every day - using that phrasing, you could point to people who are forced to cover shorts or dump a stock as it plummets to recoup some of their losses.

"I don't want to sell this stock at this price, but I WILL" should never be considered fraud - for the very least reason that it opens a deep rabbit hole into a form of thought crime that really, do many market participants want opened - when they're asked to explain, with a straight face and credulity, what their market strategies are really intended to do.

[gd1]

You seem to be mixing up different levels of wanting and intention. I may not want to eat my brussel sprouts for dinner, but when I poke them with a fork and raise them towards my mouth I am intending to eat them. Not pull them away at the last second. I'm sure no one enjoys dumping a stock as it plummets, or wants to dump a stock when it plummets, but when they are actually carrying out the process of selling that stock, then they do want the trade to go through. It is their intention to successfully complete the sale of the stock. That's what we're referring to.

[kasey_junk]

> "I don't want to sell this stock at this price, but I WILL" should never be considered fraud

A) it isn't fraud, it is order spoofing, which is precisely defined to be based on intention.

B) lots of our legal system is based on intention. It is a common aspect, not a rabbit hole.