SEC-PR-2024-66 (MAY. 31, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-66 Download: SEC-PR-2024-66 ⊗ (PDF) PRESS RELEASE | 2024-66 SEC Charges Robert Scott Murray and Trillium Capital with Fraudulent Scheme to Manipulate Getty Images Stock. Massachusetts resident liquidated his Getty Images stock holdings after sham offer to buy company drove up its stock price. Washington D.C., May 31, 2024 — […]
Category: Manipulative Trading
Manipulative Trading refers to illegal or unethical practices in financial markets aimed at artificially influencing the price of securities, commodities, or derivatives to benefit the trader or group of traders involved. This can include actions such as spreading false rumors, engaging in wash trading (where a trader simultaneously buys and sells the same financial instrument to create misleading activity), spoofing (placing orders with the intent to cancel them before execution to manipulate prices), or cornering the market (accumulating a dominant position in a particular asset to control its price). This form of trading distorts market efficiency, undermines fair competition, and can harm investors and market integrity. Regulatory bodies like the SEC and CFTC enforce rules and laws to detect and prosecute manipulative trading practices, aiming to maintain transparency, fairness, and trust in financial markets.
SEC-PR-2024-77 (JUN. 25, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-77 Download: SEC-PR-2024-77 ⊗ (PDF) PRESS RELEASE | 2024-77 SEC Charges Meta Materials and Former CEOs With Market Manipulation, Fraud and Other Violations Washington D.C., June 25, 2024 — The Securities and Exchange Commission today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. […]
SEC-PR-2024-05 (JAN. 11, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-5 Download: SEC-PR-2024-05 ⊗ (PDF) PRESS RELEASE | 2024-5 SEC Charges Future FinTech CEO Shanchun Huang With Fraud and Disclosure Failures. Washington D.C., Jan. 11, 2024 — The Securities and Exchange Commission today charged Shanchun Huang with manipulative trading in the stock of Future FinTech Group Inc., using an offshore […]