manipulate


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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.

manipulate

To cause a security to sell at an artificial price. Although investment bankers are permitted to manipulate temporarily the stock they underwrite, most other forms of manipulation are illegal.
Case Study Manipulation of security prices is not limited to industry professionals out for a quick buck. In early 2001 the Securities and Exchange Commission settled securities fraud charges with former burrito vendor Yun Soo Oh Park IV, known to his Internet followers as "Tokyo Joe." As part of the settlement Park agreed to return nearly a quarter of a million dollars in trading profits. According to SEC charges, to which Park did not admit or deny wrongdoing, the 50-year-old Korean native engaged in stock manipulation by recommending on Internet message boards stocks he already owned. He then sold his own shares as the recommended stocks rose in price. As Park's legend grew several thousand people agreed to pay an annual fee to receive an advance notice of his postings. The SEC also charged that Park was paid by a firm to recommend its stock. Park's lawyers claimed their client's actions were protected by free speech and not subject to federal securities regulation.
References in periodicals archive ?
Sun said the purpose of the cloak is not to hide items but to get a better understanding of how to design materials that can manipulate light propagation.
An operator sitting on the pontoon boat will manipulate the robot from a telerobotic chair.
Could it be justifiable to manipulate a species' genetic makeup for completely trivial aesthetic purposes, as is certainly the case with Glofish?
When performing endoscopic sinus surgery, surgeons usually hold the rigid endoscope in their weak hand and manipulate the instruments with the other.
The AFM can be used to manipulate a larger set of objects, and the relative forces required to manipulate the particles can be more easily derived.
A function known as "streaming" lets the leader of the online conference rotate and manipulate the actual CAD model, while the same movements appear on each remote screen.
12 for trying to manipulate stock prices through illegal transactions in March 1995.
Even though Bosie was mad, petulant, impulsive, I don't think he set out schemingly to manipulate Oscar.
It wont be when the computer and television industries combine to create digital TV -- machines that receive, send, store, and manipulate TV programs the way computers now manipulate other data.
Donald Wildmon and his American Family Association are seen as homophobic advocates of Christian purity, who also willfully manipulate the public into rechanneling its fears of the communist menace "beyond our shores" toward a deviant gay monster who threatens our children and our moral standing.
This lets the user manipulate the information in more ways, and allows the database to stay "alive" until the PageMaker document is ready for publication.
The ability to manipulate the polymer chain and develop literally thousands of new and application-specific materials has since shown silicones to be a most versatile elastomer.