GREY:FNKLF - Post by User
Comment by
marketmineron Jul 04, 2007 12:14pm
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Post# 13035024
RE: Interesting ... Mapipulation rules
RE: Interesting ... Mapipulation rules(3) For the purposes of subsection 3.1(1) of the Instrument, and without limiting the
generality of those provisions, the Canadian securities regulatory authorities, depending
on the circumstances, would normally consider the following to result in, contribute to
or create a misleading appearance of trading activity in, or an artificial price for, a
security:
(a) Executing transactions in a security if the transactions do not involve a change
in beneficial or economic ownership. This includes activities such as washtrading.
(b) Effecting transactions that have the effect of artificially raising, lowering or
maintaining the price of the security. For example, making purchases of or offers
to purchase securities at successively higher prices or making sales of or offers
to sell a security at successively lower prices or entering an order or orders for the
purchase or sale of a security to:
(i) establish a predetermined price or quotation,
(ii) effect a high or low closing price or closing quotation, or
(iii) maintain the trading price, ask price or bid price within a predetermined
range.