The Globe and Mail reports in its Wednesday edition a Canadian man has been arrested in Florida and charged with manipulating share prices on U.S. stock exchanges. The Globe's Janet McFarland writes Aleksandr Milrud, 50, a resident of both Thornhill, Ont., and Aventura, Fla., was arrested at his Florida home on Tuesday morning and charged with conspiracy to commit securities fraud and wire fraud, punishable by 20 years in prison. A statement from the U.S. Department of Justice alleged that Mr. Milrud used accomplices in China and South Korea to generate "millions of dollars in illicit profits for themselves with artificial trade orders executed at high speed," Paul Fishman, U.S. Attorney for the District of New Jersey, said in a statement. Justice alleges Mr. Milrud employed a trading strategy known as layering or spoofing, in which a trader and his accomplices enter dozens of orders within a matter of seconds to buy or sell a stock, giving the appearance of market activity that changes the price of the shares. The accomplices quickly withdraw the orders before they are executed, but in the meantime, a trader executes a smaller number of real trades to take advantage of the shifting share price.