References in periodicals archive ?
The complaint said these people used illegal schemes such as "painting the tape" and "hype and dump" for their own profit.
"Painting the tape" refers to the manipulative device of buying and selling shares to create the illusion of high trading activity and attract other traders.
To maximize their dumping activity and dampen the downward movement of the price of CAL shares during this selling spree, the SEC said the respondents resorted to "painting the tape" and hype buying through at least four brokers--Nieves Securities, HDI Securities, Venture Securities and Tower Securities.