Business Definition for: Stock Market Manipulation
an attempt or series of attempts to influence the price of stocks by buying or selling in order to give the impression that the stocks are widely traded
TORONTO -- Biovail Corporation (NYSE:BVF)(TSX:BVF) today filed a lawsuit seeking $4.6 billion in damages from 22 defendants who, the complaint alleges, participated in a stock market manipulation scheme.
PALO ALTO, Calif. -- The efficiency and productivity benefits of robotic manipulation allows for the expansion of its application scope, which currently spans across factories, medical, pharmaceutical, biological and operational services. Present day robotic manipulation research addresses issues such as mobile manipulation in poorly modeled environments, learning, adaptation, the development...
TORONTO, Feb 22, 2006 CCNMatthews via COMTEX -- Biovail Corporation (NYSE:BVF)(TSX:BVF) today filed a lawsuit seeking $4.6 billion in damages from 22 defendants who, the complaint alleges, participated in a stock market manipulation scheme. TORONTO, Feb 22, 2006 CCNMatthews via COMTEX -- Biovail ...
FRANKFURT AFP — BaFin, the German financial market regulator, has been investigating US banking giant Citigroup since October over possible market manipulation in the eurozone government bond futures market, a BaFin spokeswoman revealed. The investigation was being carried out in "close cooperation" with the regulatory authorities in Britain and...
FERC Widens California Manipulation Probe to Include Other Merchants US federal regulators are expanding their investigation into the manipulation of western power markets to include market participants other than the disgraced Enron. The announcement late Tuesday by the Federal Energy Regulatory Commission FERC comes on...
AS IF THE FBI wasn't getting enough bad press, two of its agents have been connected to an elaborate stock manipulation scheme. AS IF THE FBI wasn't getting enough bad press, two of its agents have been connected to an elaborate stock manipulation scheme....
SEC Charges Antar With Stock Manipulation NEWARK, N.J. -- The Securities and Exchange Commission has filed a civil action against Crazy Eddie founder Eddie Antar and a group of former executives, accusing them of manipulating the value of the company's stock by overstating profits and sales in financial reports....
Business Editors NEW YORK--BUSINESS WIRE--June 16, 2000 Globus International Resources Corp. (OTCBB: GIRC) announces that it is not a party to alleged stock manipulation of its securities by broker/dealers and others. The SEC yesterday announced that Globus International Resources was one of the companies whose stock was allegedly...
Business Editors/High Tech Writers PALM BEACH, Fla.--BUSINESS WIRE--May 24, 2002 Richard J. Sullivan, Chairman and CEO of Applied Digital Solutions, Inc. (Nasdaq: ADSXE), an advanced technology development company, commented today on the recent arrest of five individuals, including two FBI agents, allegedly involved in a stock manipulation scheme...
Global Online India, trading under the symbol: GOLX on the OTC: BB, who launched its Indian internet portal and started trading on the over-the-counter bulletin board market only weeks ago, today asked the United States Securities and Exchange Commission SEC to immediately start an investigation into the possible market manipulation...
Byline: Robert Galbraith in Milan An Italian court has given a former trader at Merrill Lynch a three-month prison sentence and [euro]5,000 ($5,046) fine for manipulating the stock market in 1997 through anomalous trading, marking the first time that anyone has been convicted of...
This paper provides a new explanation for the extremely high level of Initial Public Offering IPO underpricing during the Internet bubble years of the late 1990s based on the allocation practices of underwriters. By requiring their customers to buy the stock in the aftermarket in return for IPO allocations (a...
MEXICO CITY, Feb 26, 2004 (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- U.S stock market authorities accused Mexican businessman Moises Saba Masri of a supposed price manipulation on Television Azteca shares last August. MEXICO CITY, Feb 26, 2004 (El Universal/Corporate Mexico by ...
GAF, Top Exec Indicted For Alleged Stock Fraud NEW YORK FNS--A federal grand jury Wednesday indicted GAF Corp. and its vice-chairman and chief administrative officer, James T. Sherwin, on charges of stock market manipulation and securities fraud. The indictment alleges...
Brandon Matthews submits: All I can say is, WOW! What a day for the overall markets. I was in meetings for most of the day, and was quite surprised as I sat at my computer to see that Sirius XM SIRI was trading above 1.00! Wow! I should...
Philip Gvinter submits: While the artificial nature and blatant bull-biased market manipulation and resulting historic short squeeze caused by the short sale ban are disturbing and in my opinion bad for the market there is one serious upside to this bit of government intervention. The upside lies in the...
SEOUL AFP — Prosecutors indicted Hermes Investment Management for alleged stock price manipulation, the first such case involving a foreign investment fund operating in South Korea. A court warrant for the arrest of former Hermes fund manager Robert Clements was also obtained. "We indicted Hermes for a fine...
NEW YORK - Troubled reinsurance holding company Equisure Inc. plans to withdraw from the American Stock Exchange rather than fight an exchange inquiry into its accounting practices and possible manipulation of its stock by insiders. Peter d'Orleans-ClNEW YORK - Troubled reinsurance holding company Equisure Inc. plans...
M2 PRESSWIRE-12 January 2005-Our-Street.com: Court demands compliance in SEC's investigation of SHEP Technologies stock manipulationC1994-2005 M2 COMMUNICATIONS LTD RDATE:01122005 The Securities and Exchange Commission announced on Monday that, on January 7, 2005, Magistrate Judge Alan Kay of the U.S. District Court...
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