Means Are Many, Some Are Honest
THE more primitive Wall Street shenanigans to rig the price of a stock have long been outlawed. But Wall Street is confronted with a new, more complicated phenomenon: the growing refinement of the art of running up a stock by legitimate publicity techniques—and by some not so legitimate. This year the number of people criminally indicted by SEC for false or misleading stock information has increased 38%. The New York Stock Exchange, concerned over the flood of inside tips on corporate developments, last week issued a warning reminder...
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