In July, Michael Coscia was sentenced to three years in prison and two years of supervised release for spoofing and commodities fraud. Coscia, of New Jersey, was the first defendant in the country to stand trial under new anti-spoofing laws included in the 2010 Dodd-Frank Act. He earlier was found guilty of six counts of spoofing — the use of computer algorithms to rig markets in fractions of a second — and six counts of commodities fraud.