§ 1-402. Market manipulation
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 70 P.S. Securities
70 P.S. § 1-402
§ 1-402. Market manipulation
It is unlawful for any person, directly or indirectly, in this State:
(ii) to enter any order or orders for the purchase (or sale) of the security with the knowledge that an order or orders of substantially the same size, at substantially the same time, and at substantially the same price for the sale (or purchase) of the security, have been or will be entered by or for the same or affiliated persons;
(c) To induce the purchase or sale of any security by the circulation or dissemination of information to the effect that the price of the security will or is likely to rise or fall because of market operations of any one or more persons conducted for the purpose of raising or depressing the price of the security, if he is selling or offering to sell or purchasing or offering to purchase the security or is receiving a consideration, directly or indirectly, from any such person.
Credits
1972, Dec. 5, P.L. 1280, No. 284, § 402, effective Jan. 1, 1973.
70 P.S. § 1-402, PA ST 70 P.S. § 1-402
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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