The UK’s Financial Conduct Authority is looking into the movements in litigation finance firm Burford Capital’s share price last week. Burford is alleging evidence of "illegal market manipulation".
Burford claims there is evidence of spoofing, a practice where investors place a large volume of trading orders and cancel them before they can be executed, in order to manipulate the price of the security.
Its shares moved wildly last week
, as short-seller Muddy Waters Research published a