Rigged market


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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 ?
We are operating in a rigged market. That sounds bad, but it's not as bad as you think.
We must put an end to a rigged market which allows the energy firms to rip off families and businesses who desperately need help.
Last month, Labour leader Ed Miliband used his party conference speech to call for a break-up of the "rigged market" in energy which delivers massive profits to a few giant companies and swollen bills to consumers.
And he said he was determined to reform the welfare system to ensure that it pays to work, to end "cosy cartels" which set top pay, break up the "rigged market" which allows energy companies to charge high prices and rebalance Britain's economy away from the reliance on financial services and towards production and manufacturing.