# Market manipulation

- Canonical URL: https://www.gerhardmerk.de/market-manipulation
- Post ID: 594419
- Modified: 2023-07-25T21:01:50+00:00
- Language: en

## Definition

In relation to financial markets, fraudulent practices - in relation to the supply, demand or - price of financial products. It also includes - spreading rumors. The term also includes criminal information acts. This is understood to mean the publication of false or misleading information or the concealment of information that is required to be published by applicable law; the precise definition can be found in Section 20a of the German Securities Trading Act (WpHG). In Germany, the Federal Financial Supervisory Authority can impose a fine of up to EUR 1.5 million in such cases; criminal prosecution is also possible. - However, despite strict supervision, a high threat of punishment and a separate ordinance specifying the ban on market manipulation (MarktmanipulationsKonkretisierungsverordnung, MaKonV), market manipulation of all kinds can never be completely ruled out; especially not on the Internet and in networks such as Facebook or Twitter. The reason for this lies in the almost infinite possibilities of secretly influencing market events. - See agiotage, share buyback, investor, intelligible, investment protection, bear raid, Beschores, blog, stock market rumors, bull raid, daimonion, deuteroscopy, dissemination, decision usefulness, trading, covert joint, field hockey stick bid, internet forums, credit hazard, crystallization, price fraud, price manipulation, market, narrower, market activity, feigned, market anomaly, pairoff, pankratium, pervasive constraint, prearranged trading, pump and dump, rebbes, reference rate, scalping, sham buying, sham transactions, Snake trading, smut, siderism, telephone order, unauthorized, takeover announcement, sales figures, false, circumstances, valuation, predictions, wash sales. - Cf. BaFin Annual Report 2003, p. 187, BaFin Annual Report 2004, p. 174 (facts newly specified by the new Market Manipulation Concretization Ordinance [MaKonV] of March 2004), pp. 186 f. (individual cases), p. 189 (difficulties in detection), pp. 193 ff. overview; individual cases), BaFin Annual Report 2005, p. 155 f. (result of BaFin analyses), p. 161 ff.(overview; individual cases), BaFin Annual Report 2006, p. 164 ff. (overview; individual cases), BaFin Annual Report 2007, p. 172 ff. (here also source of suspicious activity reports), BaFin Annual Report 2008, p. 154 ff. new reporting requirements reduce market manipulation risk), p. 161 ff. (individual cases uncovered), BaFin Annual Report 2009, p. 180 (breakdown of market manipulation offenses; manipulations in over-the-counter trading on the rise), p. 185 ff. (Bafin doubles investigations; successes), BaFin Annual Report 2010, pp. 193 ff, pp. 200 ff. (BaFin pays special attention to government bonds of European crisis states; collusive trades, scalping; over-the-counter trading particularly affected; individual cases) BaFin Annual Report 2012, pp. 182 ff. (BaFin resolutely pursues market manipulation; individual cases), BaFin Annual Report 2013, pp. 167 f. (overviews of cases since 2011; legal proceedings), and the respective BaFin Annual Report, chapter "Supervision of Securities Trading and Investment Business." 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/

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