Trading and pricing violations involve any number of trading techniques that are illegal under the securities laws.
This occurs when a mutual fund permits certain customers to purchase shares in the fund after trading has closed for the day. Because mutual fund prices are set once a day, a customer that purchases after trading is closed can do so at that day’s price and not at the following day’s price.
Buying or selling a security near the close of the day’s trading in order to affect the closing price.
The buying or selling of securities while knowing that another investor is about to make a trade that will influence the price of the security. An example would be buying stock in Company A knowing that another investor is about to make a very large purchase of the same stock, causing its price to increase.
An agreement among a group of people delegating authority to a single manager to trade in a specific stock, for a specific period of time, and then to share in the resulting profits or losses.
Buying a stock in a cash account and selling before paying for it.
Forms of collusion between trading parties in which a trade is entered into with a side agreement that the seller will buy back the stock from the buyer at a later time (done to meet/avoid disclosure obligations), or that they will disregard settlement obligations so that one party can exploit the delay and continue to trade based on a position that should no longer be available.
Shares are sold short without arrangements made to borrow them to deliver, then seller intentionally fails to deliver within the standard three-day settlement period.
When a broker engages in excessive buying and selling of securities in a customer’s account chiefly to generate commissions that benefit the broker.