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For those of you new to this: In the context of a securities transaction, a manipulative act is one that sends “a false pricing signal to the market” and there

For those of you new to this: In the context of a securities transaction, a manipulative act is one that sends “a false pricing signal to the market” and therefore does not reflect the “natural interplay of supply and demand.”[1] It is typically undertaken to create a false image that the security’s value is based on supply and demand, and thereby induces unwitting investors to buy the security. Market manipulation is regulated under a number of statutes and rules. Most notably, Section 9(a)(2) of the Securities and Exchange Act (Exchange Act), titled “Manipulation of Security Prices,” prohibits transactions in certain securities that create “actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.” [2] https://www.arnoldporter.com/en/perspectives/publications/2016/07/2016_07_22_criminal_and_regulatory_enfor_13099 https://www.arnoldporter.com/en/perspectives/publications/20...

runlaszlorun 4y ago
From those of us who are new to this: How dare you bring your fancy pants “facts” into this convo? Just kidding. Good info thanks for posting. > a manipulative act is one that sends “a false pricing signal to the market” and therefore does not reflect the “natural interplay of supply and demand.” That sounds like 75% of my short stint in marketing. I know… forgive me for I have sinned. The company had a great list of clients who were tech firms known themselves to be savvy at marketing. This and a solid Series A let me to think there was product/market fit. Then my task during the first week, as the only technical guy in a small marketing department was to take down from their website 27 of the 30 companies listed since they’d only done a 30 day trial and were now screaming to be taken off. Oh, good times… And, yes, I was marketing marketing software to marketers.

runlaszlorun 4y ago

From those of us who are new to this: How dare you bring your fancy pants “facts” into this convo? Just kidding. Good info thanks for posting. > a manipulative act is one that sends “a false pricing signal to the market” and therefore does not reflect the “natural interplay of supply and demand.” That sounds like 75% of my short stint in marketing. I know… forgive me for I have sinned. The company had a great list of clients who were tech firms known themselves to be savvy at marketing. This and a solid Series A let me to think there was product/market fit. Then my task during the first week, as the only technical guy in a small marketing department was to take down from their website 27 of the 30 companies listed since they’d only done a 30 day trial and were now screaming to be taken off. Oh, good times… And, yes, I was marketing marketing software to marketers.