Lightwave Logic Inc (LWLG)

[cedarcap]

From today's WSJ

Highlights a couple of ways of manipulating share price....

Archegos Founder Bill Hwang, Former CFO Charged With Securities Fraud

"Mr. Hwang’s use of swaps allowed him to manipulate the prices of stocks in his portfolio because the agreements prompted Wall Street firms to buy shares of the stocks too, the indictment alleges. As the size of Archegos’s swaps grew, so did the amount of shares bought by the Wall Street firms, pushing up prices in the process. Prosecutors also allege that Archegos traded at certain times of day and in other manipulative ways to prop up stocks in its portfolio, including to keep share prices from falling too much. Prosecutors alleged that Mr. Hwang avoided publicly disclosing his positions to regulators and market participants by using swaps rather than buying stocks outright as his positions in companies approached 5%, a level above which public disclosure is required."

"The charges also point to unseen risks posed by so-called family offices—private entities set up to manage the fortunes of wealthy families—whose positions aren’t monitored by regulators. In recent years, many large hedge funds have converted to such family offices."