Manipulation

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Manipulation

Dealing in a security to create a false appearance of active trading, in order to bring in more traders. Illegal.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In 1929 stock manipulation, insider trading schemes, anti massive speculative investments, brought down Wall Street and led to the Great Depression.
As the Supreme Court considers this issue, the Court will have before it AAJ's brief in support of those whose savings and retirement plans may be wiped out by stock manipulation. We argue that the scope of the private cause of action under [section] 10(b) should encompass those who knowingly participate in a manipulative scheme that foreseeably would defraud investors.
Instead, in almost every instance, the new owners of these oil companies simply took control of already existing state companies and did it through intimidation, legal and stock manipulation, and abuse of laws that at best were imperfectly crafted.
There also would seem to be a clear difference between passive investments based confidential information obtained incidentally to the performance of their job and active stock manipulation. For example, suppose Sen.
* a national craze to get rich on the stock market, combined with unregulated stock manipulation by businessmen, caused the market to surge and then collapse in the great Wall Street crash of October 1929.
A director tells of press release misrepresentation, CEO stock manipulation and illegal-issuer bids in this case, which was widely covered by the Canadian press.
This got me thinking about my history undergrad and my introduction to stock manipulation -- the South Sea Bubble of 1720, which precipitated the first great stock market crash.
* Prosecutors in Munich bring stock manipulation charges against Thomas and Florian Haffa, the former head and former CFO of the once-high-flying EM.TV & Merchandising.
The former head of the Philippine Stock Exchange (PSE) testified Wednesday in the impeachment trial of President Joseph Estrada that the president called him several times to pressure him to clear a friend linked to a stock manipulation scandal being investigated then.
Causes of dissonance range from the benign to the extreme with stock manipulation and take-over rumors examples of the latter.
USA Networks chief executive Barry Diller, meanwhile, charged on CNBC that talking about potential suitors without disclosing any tangible bid is essentially stock manipulation on the part of CMGI.
Court of Appeals for the Third Circuit in Philadelphia overturned the convictions of Eddie and Mitchell Antar for stock manipulation, mail fraud and racketeering, and ordered the case retried before a different judge.