This is not the US. This is Australia. If you do not know the law it is here.
https://jade.io/article/297406
An artificial price is defined. Every time I see algos posted rapidly at the end of the day it is to fix a price.
"
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". The offer to supply or acquire of the kind described is made at a price which is determined by the offeror's purpose of setting or maintaining the price. It is not determined by the offeror's purpose, if buying, to minimise, or, if selling, to maximise, the price paid, and it is not determined by the competition between other buyers whose purpose is to minimise the price and other sellers whose purpose is to maximise the price[75]. If the offer results in a transaction, that is a transaction which can be characterised as at leastlikelyto have the effect of creating or maintaining an artificial price for trading in the shares.
[75]See alsoAustralian Securities and Investments Commission v Soust(2010) 183 FCR 21 at43[90];Australian Securities and Investments Commission v Administrative Appeals Tribunal(2010) 187 FCR 334 at349[47].
Because s 1041A prohibits transactions which are likely to have that effect, it is not necessary to demonstrate, whether by some counterfactual analysis or otherwise, that the impugned transactionsdidcreate or maintain an artificial price. It is sufficient to show that the buyer or seller set the price with the sole or dominant purpose described.
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