Rigged market

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Related to rigs: Oil rigs, drilling rigs

Rigged market

Manipulation of prices in a market to attract buyers and sellers.

Rigged Market

An illegal act or practice in which a person or company causes a price to be more favorable to an investor than market forces really justify. Rigged markets exist in order to attract investors to a company or project, but it is often not sustainable and in any case dupes the investor. There are a variety of ways to create a rigged market. See also: Price Manipulation.
References in periodicals archive ?
Ensign's ADR 1500S drilling rigs are planned and built in the Company's global rig manufacturing facilities situated in Houston, Texas and Nisku, Alberta.
Analysis of the opportunities and challenges in the global offshore rig construction industry
Global Rig earlier this week secured a contract for its Rig No.
Surveys of several oil rigs from central California to Long Beach in 1995-2001 found that rigs that were converted to reefs provided habitat for rockfish that was equal to or better than natural reefs and acted as nursery grounds for some fish that would otherwise not survive, including bocaccio.
For the three days leading up to the accident, rig managers had issued repeated internal bulletins saying a malfunctioning part needed to be replaced to alleviate a gas-pressure problem.
Louisiana established its program in 1986 with parallel state legislation and toppled its first rig in '87.
Near the surface, barnacles and mussels tend to cluster along the legs of the rigs just as they do on piers.
rig count is down 1 rig from last week to 946, with oil rigs up 6 to 765, gas rigs down 7 to 181, and miscellaneous rigs unchanged.