Training course on Market Abuse and Manipulation

Module 1: Introduction to Market Abuse and Manipulation

Definition and scope

Types of market abuse: insider trading, market manipulation, unlawful disclosure

Why market abuse undermines financial stability and trust

Module 2: Legal and Regulatory Frameworks

Global regulatory perspectives (SEC, FCA, ESMA, IOSCO)

Market Abuse Regulation (MAR) and MiFID II (EU context)

Role of central banks and supervisory bodies

Module 3: Forms of Market Manipulation

Insider dealing and tipping

Price manipulation (pump-and-dump, spoofing, layering)

Dissemination of false/misleading information

Case law and enforcement actions

Module 4: Detection and Monitoring Techniques

Trade surveillance systems

Data analytics and red flag indicators

Role of whistleblowing mechanisms

Forensic investigation techniques

Module 5: Institutional Risk Management

Internal controls and governance frameworks

Designing policies to prevent abuse

Compliance culture and employee training

Reporting suspicious activity

Module 6: Case Studies in Market Abuse

Notable global cases (Enron, LIBOR scandal, GameStop short squeeze context)

Lessons learned from enforcement actions

Group exercise: Identifying abuse in sample scenarios

Module 7: Ethics and Professional Conduct

Importance of ethical behavior in financial markets

Consequences of misconduct for individuals and institutions

Role of transparency and accountability

Module 8: Future Trends and Challenges

Market abuse in the digital age: algorithmic and high-frequency trading

Cryptocurrency and decentralized finance (DeFi) risks

Cross-border challenges and global regulatory cooperation