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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 ?
The survey data confirmed what we've known all along - that there's a tremendous interest for an alternative to the tedious, low-level methods presently employed for querying, manipulating and transforming XML data.
This is all about big business abusing power and purposefully manipulating markets to help themselves, while hurting smaller Texas companies and consumers," Shirley stated.
The achievement opens up the possibility of manipulating atomic hydrogen beams in the same way as researchers manipulate light beams today.
Similarly, when the difference between cash flows and accounting earnings tends to be large, investors may suspect that management is manipulating earnings.
A graphic designer normally thinks about the problem in pictures: sketching, modifying and manipulating shapes to find a visually pleasing set of characters.
government and others may have been manipulating the metal price for some time.
and other governments have been actively involved in manipulating the gold market, there is far greater upside potential for the gold price than I had previously imagined.
Lately, scientists have also been investigating the use of the same apparatus for altering surface structures and for manipulating matter at the atomic level.
Although much work remains to be done, we believe that tunneling microscopy is on the threshold of a revolution in manipulating atoms and molecules for a variety of purposes.
Lieberman dated January 19, 2000, Greenspan stated that transactions by the Federal Reserve "aimed at manipulating the price of gold or otherwise interfering in the free trade of gold, would be wholly inappropriate.
The molecule's newly revealed structure brings a decade of immunology research into perspective, and opens new possibilities for manipulating the immune system to fight a broad spectrum of diseases and immune abnormalities.
The specification reflects cross-industry agreement on a standard API (Applications Programming Interface) for manipulating documents and data through a programming language (such as Java or ECMAScript).