Series 14: 2.9.1. Anti-Intimidation/Coordination/Collusion Rules

2.9.1. Anti-Intimidation/Coordination/Collusion Rules

When an individual or firm uses deceptive techniques in an effort to change the price of a security, they are engaging in market manipulation. This practice is strictly prohibited by both the SEC and FINRA. In recent years, both organizations have stepped up their efforts to police any activity that falls within this definition of market manipulation. FINRA now has a general set of “red flags” it considers when deciding whether to investigate potential manipulation or collusion among securities professionals or firms. Some of these red flags in