The subterfuge of using different brokerage firms and multiple customer accounts is to give the false impression of increased market interest and depth, and to hide the true identities of the manipulators.
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Brokers would also "spoof" the market on behalf of UBS - creating a false illusion that there was more demand on one side of the market than really existed, by advertising bogus requests, in order to influence the interest rates offered by the banks.
The ads contain different language and contact information, giving job hunters the false impression that there are several openings on the market, she says.
The White House says that speculators are distorting those market fundamentals by buying up oil and creating the false perception that shortages exist.
In other words, the trader asked cash brokers to provide false market information to Libor submitters at other banks that would cause them to submit rates one way or another.
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While the transparency helped raise the quality of trade execution, crooks used the false comfort of oversight as a way to market companies that had no value.
Government figures on home sales also might give a false picture of the strength of the housing market because they rely on seller-reported prices without independent measurement.
On the other hand, rules put in place that would slow the death of fraudulent or insolvent firms will mean more, rather than less, in the way of investors will be ensnared by false market signals.
He was in charge of fixed-income trading at Salomon at the time of a bond-trading scandal in 1991, in which traders under Meriwether made false bids in an effort to manipulate the market in two-year notes.
In this segment of the market, company information may be limited or simply false, and investors typically lack investment sophistication and are often insufficiently cautious.
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Elections have enormous financial ramifications, and it is utterly false to assert, as the CFTC does, that making a market for election bets serves no public purpose.
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The stock-market selloff Tuesday shows how quickly social media such as Twitter can spread false information.
WSJ: False Associated Press Twitter Message Sparks Stock-Market Selloff
The hackers posted a false message reporting that President Barack Obama was injured by explosions at the White House, sending the stock market plummeting.
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