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Market manipulation may include, but is not limited to: coordinated trading by different HSX accounts

Posted by: Antibody on Aug 16, 22:01 in response to MrSmee's post I just got find 25% of my portfolio for something about...

http://www.hsx.com/help/?page=glossary

HSX defines market manipulation as engaging in any activity which may artificially affect the market price of a security, or any other HSX market information. Market manipulation may include, but is not limited to: coordinated trading by different HSX accounts, unauthorized computer program-assisted trading using a single or multiple HSX accounts, inappropriate disclosure of trading activity, and misrepresentation of information to the HSX community. HSX will impose heavy fines and/or trading restrictions on traders who make use of market manipulation for any purpose.

1st offense: a fine of 25% of Portfolio Value and banned from trading for 15 days.
2nd offense: a fine of 50% of Portfolio Value and banned from trading for 30 days.
3rd offense: the confiscation of the Account Portfolio by the Hollywood Securities and Exchange Commission (HSEC).

The determinations of whether conduct constitutes manipulation will be at the sole discretion of HSX. All decisions are final.





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