Manipulation of Security Prices

What this video covers

• The two jurisdictional limbs: any person using the mails, interstate commerce, or an exchange facility, plus any member of a national securities exchange
• Why the exempted-security carve-out applies to the main subsection but does not protect options, endorsements, or short sales
• The trading-side class, including dealers, brokers, security-based swap dealers, major security-based swap participants, and other persons buying or selling the security or security-based swap
• The difference between wash sales and matched orders, and why a price-moving prohibition requires a series of transactions rather than one massive trade
• How unpaid touting differs from paid touting, including the ordinary-course requirement, the payment source, the purchase-only scope, and why the paid touting actor can be anyone
• The elements of a false or misleading material statement and why pegging, fixing, stabilizing, options transactions, and endorsements depend on contravening Commission rules
• The option other-account double knowledge test, the acquisition and own-interest limbs, the registered warrant and convertible security exclusions, and the difference between manipulative short sales and the equity-only catch-all