Rigged market

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Rigged market

Manipulation of prices in a market to attract buyers and sellers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
It declares that Government can be a force for good, supports state intervention to fix rigged markets and promises action on executive pay.
Last week, Energy Secretary Ed Davey warned that energy companies found to have rigged markets could face criminal penalties.
Even if Wales does have a fantastic wind resource, the decision, at the behest of lobby groups such as RenewablesUK, to put this at the disposal of multinational energy companies, to increase profits by supplying electricity to rigged markets outside Wales, should shame elected Welsh politicians.
Dr Harrop says ``For component suppliers, it is also important to avoid excessive competition, from those rigged markets in China to competing with your customer.
Rigged markets in other EU states have been blamed for fuelling the rocketing price of gas.
But when the same thing happens to South Africa through rigged markets and dollar imperialism, people don't even know what has hit them."
Mr Griffiths has told him that under proposed legislation the Director General of Fair Trading would be able to tackle companies which rigged markets against the interests of the consumer.
"Rigged markets will ultimately hit people in the pocket.
Tom Jones, Rochdale, Lancs The BIG issue ENERGY Secretary Ed Davey has ordered an investigation after a whisteblower claimed energy firms rigged markets to justify price hikes.