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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: rrufff who wrote (4104)12/21/2008 9:04:29 AM
From: rrufff2 Recommendations  Read Replies (1) of 5034
 
In discussing issues under 10(b)-5 (market manipulation) - the court provides some interesting insight into perhaps previously untouched areas that may be addressed in the future when actions and motivations of self-styled "cyber sleupps" are examined:

In the present case, the defendants sought to artificially affect the prices of various securities by directing the AP site subscribers to trade and to disclose the negative information at (page)-27-
times and in manners orchestrated by the defendants that were
dictated not by market forces, but by defendants’ desire to
manipulate the market for their own benefit. It would be hard to imagine conduct that more squarely meets the ordinary meaning of “manipulation.”
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