# Unauthorised telephone order

- Canonical URL: https://www.gerhardmerk.de/unauthorised-telephone-order
- Post ID: 592253
- Modified: 2023-07-25T21:12:28+00:00
- Language: en

## Definition

Persons contact an institution by telephone, posing as its customers and placing orders to purchase questionable over-the-counter securities. This causes the price of these securities to rise. The perpetrators take advantage of this to sell their own shares of these securities at a profit. The perpetrators identify themselves to the bank accepting the order with information that they have previously obtained by trickery from the actual securities account holders. - See stock market letters, bull raid, trades, collusive, financial vultures, price manipulation, market activity, feigned, market manipulation, Pairoff, pump and dump, scalping, sham purchase, sham transactions, wash sales. - Cf. BaFin Annual Report 2013, p. 169 (BaFin warning against this fraud segment). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1