Trade Volume Advertising

What this video covers

• Why an advertisement of a firm's own trading volume is treated as a communication purporting to report transactions
• Which notices, circulars, advertisements, articles, investment services, and other communications fall under the publication rule
• Why causing a third party to publish trading figures creates the same responsibility as publishing them directly
• The difference between the rule's believes standard and the supplementary material's knows or has reason to believe standard for transaction reports
• The three rules implicated by false transaction reports or quotations: standards of commercial honor, manipulative and deceptive devices, and publication of transactions and quotations
• The three quotation conditions requiring reasonable cause to believe a quote is bona fide, not fictitious, and not circulated for a fraudulent, deceptive, or manipulative purpose
• Why bid wanted and offer wanted count as quotations, and why there is zero numeric margin of error for the transactions included in advertised trade volume