It's not legal and the penalty is not affordable.
The price that results from a transaction in which one party has the sole or dominant purpose of setting or maintaining the price at a particular level is not a price which reflects the forces of genuine supply and demand in an open, informed and efficient market. It is, within the meaning of s 1041A, an "artificial price".Director of Public Prosecutions (Cth) v JM[2013] HCA 30; 250 CLR 135; 87 ALJR 836; 298 ALR 615; 228 A Crim R 570; 94 ACSR 1; 6 BFRA 662
Those that help are in the poo.A person must not take part in, or carry out (whether directly or indirectly and whether in this jurisdiction or elsewhere):
(a) a transaction that has or is likely to have; or
(b) 2 or more transactions that have or are likely to have;
the effect of:
(c) creating an artificial price for trading in financial products on a financial market operated in this jurisdiction; or
(d) maintaining at a level that is artificial (whether or not it was previously artificial) a price for trading in financial products on a financial market operated in this jurisdiction.
Note 1: Failure to comply with this section is an offence (see subsection 1311(1)).
Note 2: This section is also a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this section, see section 1317S.
You get locked up for it.
- Forums
- ASX - By Stock
- KCN
- Ann: Chatree Plant 2 Ramp Up and Second Gold Pour
Ann: Chatree Plant 2 Ramp Up and Second Gold Pour, page-46
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KCN (ASX) to my watchlist
|
|||||
Last
$1.51 |
Change
-0.005(0.33%) |
Mkt cap ! $389.2M |
Open | High | Low | Value | Volume |
$1.54 | $1.58 | $1.50 | $784.1K | 510.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 381 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.51 | 45578 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 381 | 1.500 |
2 | 5913 | 1.495 |
3 | 8191 | 1.490 |
5 | 18830 | 1.480 |
1 | 680 | 1.470 |
Price($) | Vol. | No. |
---|---|---|
1.510 | 45578 | 2 |
1.515 | 236 | 1 |
1.540 | 13803 | 3 |
1.545 | 2548 | 1 |
1.550 | 24548 | 2 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online