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VeronicaFox

09/14/17 1:12 PM

#117955 RE: specutator #117952

I already gave the SEC's definition of manipulation, twice - that should be sufficient.

FYI, A couple objectives among market manipulators of painting the tape and/or marking the close are to lure unsuspecting investors, and/or achieve a high closing price for it. We see this weekly on MRIB. The SEC has numerous cases that are easy enough to locate and read - doing DD - regarding painting the tape where defendants participate in a scheme to manipulate and inflate the price of a stock, exactly as we frequently see with MRIB. The SEC states that the artificial raising and attempt to maintain the price of a stock, creating a false / misleading appearance with respect to the market, is a manipulative practice. The manipulative practices include placing buy orders near the close of the market in order to inflate the reported closing price, aka marking the close. This is a repetitive and common practice with MRIB.

Painting the tape and marking the close are illegal activities that are prohibited by the SEC because it creates an artificial price for a stock.

That's a FACT, but the SEC can always be contacted in order to verify.