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sunspotter

01/02/24 4:53 PM

#12115 RE: disgusted investor #12114

"How does it trade 1m shares and barely rise?"



I believe it's called wash trading.
Bearish
Bearish
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drugmanrx

01/02/24 6:11 PM

#12116 RE: disgusted investor #12114

Money laundering!

How does it trade 1m shares and barely rise?



Money laundering techniques in the investment sector

"Tactics might include spreading false information, conducting trades to artificially inflate or deflate the price, or creating fake trading volumes. By doing so, they can conceal illicit funds among legitimate trades and make it difficult for authorities to trace the origin of the funds"

https://www.bronid.com/post/money-laundering-techniques-in-the-investment-sector

"Picture a chase scene in an action movie: Hounded by the good guy, the bad guy is running between buildings and crossing streets without waiting for red lights. Suddenly, he reaches a market and disappears into the crowd. Similarly, money launderers exploit the financial markets to blend in with their surroundings and evade detection"

https://www.acamstoday.org/hide-and-seek-layering-illicit-funds-via-securities-trading-in-the-market/

As he writes tongue in cheek.