$CMGO JcNY knows Churning and Spoofing are Securities Fraud In this case one MM selling to another MM. For many reasons: none good.
Examples of Market Manipulation
Market manipulation takes a variety of forms, including:
Churning – when a trader places both buy and sell orders at the same price. The intent is to churn up the trade volume, making the stock look more interesting to other investors, and thereby increase the price. Painting the Tape – when a group of traders creates activity or rumors to drive up the price of a stock (also referred to as “Runs” or “Ramping”). Wash trading – selling and re-purchasing the same security or substantially the same security to generate activity and increase the price. Bear raiding – attempting to push down the price of a stock by heavy selling or short selling. Cornering (the market) – purchasing enough of a particular stock, commodity, or other asset to gain control of the supply and be able to set the price for it. Insider Trading – when insiders with important confidential information about a company take advantage of that knowledge to make a profit or avoid losses by buying or selling their own shares of the stock.
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