High-frequency trading firm Panther Energy fined in ‘spoofing’ case

This is rich--every too-big-to-fail bank on Wall Street executes high-frequency trading, including fake bids and offers to mislead market participants.  It's called the Wall Street head fake--only in its high-speed electronic format.  With all the HFT algorithms taking place, the CFTC chooses to target Panther Energy, a small fry in the big scheme of things?

What about the bigger hedge funds--or the proprietary trading operations of the big banks themselves?  Or are their armies of attorneys too cozy with the regulators?

http://www.washingtonpost.com/business/economy/high-frequency-trading-firm-fined-in-spoofing-case/2013/07/22/361e26bc-f2d8-11e2-ae43-b31dc363c3bf_story.html