Is this Illegal?
- Thread starter newguy1
- Start date
Dumb and Dumber
New Guy_
This discussion is pretty pointless unless there's a real way to make money
Traders in your room (to pump your position) = Dumb
High powered hedge fund (to pump everyone's posion) = Dumber
I doubt you (or anyone else) could find either, even if you did care to risk doing something possibly illegal.
New Guy_
This discussion is pretty pointless unless there's a real way to make money
Traders in your room (to pump your position) = Dumb
High powered hedge fund (to pump everyone's posion) = Dumber
I doubt you (or anyone else) could find either, even if you did care to risk doing something possibly illegal.
It's illegal. Not even close. Proving it is another matter, but most people who run afoul of the SEC settle.
Currency interventions are different. Currency is not a "security" and hence not covered by the anti-fraud and anti-manipulation provisions of the securities laws.
Currency interventions are different. Currency is not a "security" and hence not covered by the anti-fraud and anti-manipulation provisions of the securities laws.
You might wanna look up window dressing done by almost every mutual fund in the country.
sounds good. I'll just take what everyone said with a grain of salt. and btw, its not that unlikely/unthinkable for people to have friends that run hedge funds.
But its probably really hard to imagine if you're retail.
I can't imagine this idea would come across a person who's always done it from home.
And you don't really need an absurd amount of bp to have a friend help you out. Sometimes you just need someone to take out that last xx shares on NY to get the bid/ask to the next price level on level 2. I mean, if you're sitting at home trading, who are you going to ask? I'm just saying because, hey you know whatever, I don't really care.
Take it easy and thanks for the comments again.
But its probably really hard to imagine if you're retail.
I can't imagine this idea would come across a person who's always done it from home.
And you don't really need an absurd amount of bp to have a friend help you out. Sometimes you just need someone to take out that last xx shares on NY to get the bid/ask to the next price level on level 2. I mean, if you're sitting at home trading, who are you going to ask? I'm just saying because, hey you know whatever, I don't really care.
Take it easy and thanks for the comments again.
Window dressing has nothing to do with manipulating a stock up or down. Mutual funds are just kicking out there dogs and buying better performing stocks at the end of the quarter just so it looks better to the client.
Didnt know what u were getting at, what ur describing happens a lot, and is not manipulation. People often ask others to lift an offer or hit abid to move a guy outta the way. Have no idea if it is legal, I would think so.
Good point, but the purpose of their buying is not to push the price up. The price of the stock will reflect the actual demand for the stock based upon the fund's big orders, therefore it's not being manipulated up.