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Post# of 115805
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RickNagra

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Re: gaboy47 post# 89297

Monday, 07/28/2014 1:22:05 PM

Monday, July 28, 2014 1:22:05 PM

Post# of 115805
A wash trade (not to be confused with a wash sale) is a form of stock manipulation in which an investor simultaneously sells and buys the same financial instruments. This may be done for a number of reasons:

1 : To artificially increase trading volume, giving the impression that the instrument is more in demand than it actually is.
2 : To generate commission fees to brokers in order to compensate them for something that cannot be openly paid for. This was done by some of the participants in the Libor scandal.

A wash trade is illegal based on what I am reading on Google.
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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