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.

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.
References in periodicals archive ?
By many accounts, he was a hard-working man and not particularly greedy, yet his handling of RCA's stock was called "undoubtedly the most spectacular stock manipulation of the [1920s]" by a historian.
Former PSE Chairman Jose Luis Yulo told the impeachment court that Estrada made at least four calls to him in November 1999 while the PSE compliance and surveillance group was investigating the stock manipulation scandal involving presidential friend Dante Tan.
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.
Despite all the coverage of the Drexel Burnham Lambert scandal, the media rarely ask who the victims were of the stock manipulation to which the firm pleaded guilty last December.
This brazen stock manipulation has been exacerbated by a series of ploys to attract and pump retail investors.
Shortly after its public debut, it was embroiled in a stock manipulation scandal that triggered an investigation from the Securities and Exchange Commission.
Hoskins and Howells are charged in the SECs complaint along with Gilbertson for allegedly participating in his stock manipulation activities.
Should Greek prosecutors now determine that there is a case for Vgenopoulos and his associates to answer for stock manipulation, a case would be filed in Greece.
Among recent enforcement actions by the Securities and Exchange Commission were charges against a day trader and his analyst girlfriend for trading on a tip she gave him and against three more individuals in a penny stock manipulation case filed last year.
Cairo, July 9 (Xinhua-ANI): Egypt's South Cairo Court on Monday started the trial of former President Hosni Mubarak's sons, Gamal and Alaa, over stock manipulation.