manipulate


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Manipulation

The attempt or act to artificially change the price of a security or a market movement with the intent to make a profit. One example is wash selling, in which an investor both sells then quickly re-buys the same security, hoping to create the impression of increased trading volume, and therefore raise the price. Another is churning, in which an investor makes both buy and sell orders through different brokers to create the impression of increased interest in the security and raise the price. Manipulation can be used to both increase and decrease prices, depending on the investor's perceived needs. Manipulation is illegal under the Securities Exchange Act of 1934. See also: Antitrust, Fix.

manipulate

To cause a security to sell at an artificial price. Although investment bankers are permitted to manipulate temporarily the stock they underwrite, most other forms of manipulation are illegal.
Case Study Manipulation of security prices is not limited to industry professionals out for a quick buck. In early 2001 the Securities and Exchange Commission settled securities fraud charges with former burrito vendor Yun Soo Oh Park IV, known to his Internet followers as "Tokyo Joe." As part of the settlement Park agreed to return nearly a quarter of a million dollars in trading profits. According to SEC charges, to which Park did not admit or deny wrongdoing, the 50-year-old Korean native engaged in stock manipulation by recommending on Internet message boards stocks he already owned. He then sold his own shares as the recommended stocks rose in price. As Park's legend grew several thousand people agreed to pay an annual fee to receive an advance notice of his postings. The SEC also charged that Park was paid by a firm to recommend its stock. Park's lawyers claimed their client's actions were protected by free speech and not subject to federal securities regulation.
References in periodicals archive ?
Unlike conventional bit reading, the procedure manipulates quantum data bits, or qubits, which can each simultaneously represent a 0 and a 1.
The brothers and Stan Lee Media co-founder Peter Paul, who was arrested in Brazil, also face charges in New York related to an alleged scheme to manipulate their company's stock.
21(TM) System, OSIsoft's PI System, Rockwell Automation's RS Bizware Historian and any other OPC HDA-compatible historian -- to easily access archived production data and allow users to manipulate, view, trend and report on it in the appropriate context.
According to the indictment, the four defendants used various methods to manipulate the price of Stan Lee Media stock.
We urge them not to take further steps down this ill advised path by any attempt to manipulate the annual meeting.
Organic crystals composed of complex, carbon-based molecules offer scientists an abundance of features to manipulate when they're devising novel materials.
And they accuse the government in court documents of grossly inflating the damage estimate to $80 million to manipulate plea negotiations and justify keeping Mitnick in jail without bail.
When combined with an ECM system, FlexSnap: SI provides a powerful universal viewer enabling users to retrieve, view, annotate, manipulate, and print multiple document and image formats stored in their repository.
For the past 70 years, accelerators have been able to manipulate the speed and energy of only charged particles, such as electrons and ions.
They want better access to the maintenance and operating data their assets are already generating, and they want the power to filter and manipulate it to display personal key performance indicators (KPIs).
Even as the judge accepted Kaczynski's plea, Burrell accused him of ``a deliberate attempt to manipulate the trial process.