Market manipulation violates federal securities laws which are enforced by the Securities and Exchange Commission. Such manipulation refers to intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. This can range from old-school techniques such as spreading false information to affect a stock price or manipulating volume, to newer, more innovative “spoofing” or other predatory techniques to create an artificial picture of demand or supply for a security. Such activity is fraudulent and can have significant consequences for our markets.
Whistleblowers are often the best mechanism by which the SEC can learn about these forms of manipulation. Whistleblowers with information on persons who have violated securities laws prohibiting market manipulation are encouraged to report to the SEC Whistleblower Office. If one reports such fraud with the help of qualified SEC whistleblower attorney, the whistleblower may remain anonymous.
Hagens Berman represents several whistleblower actions under the SEC Whistleblower Program, including representation of high-profile market expert Haim Bodek, and marshals its significant nationwide resources and expertise in financial fraud to best present whistleblower matters to the SEC.