NCJ Number
196996
Journal
Journal of Financial Crime Volume: 8 Issue: 4 Dated: June 2001 Pages: 297-304
Date Published
June 2001
Length
8 pages
Annotation
Focusing on economic crime, this article discusses financial market manipulation in the United Kingdom.
Abstract
The ability of criminals to manipulate the United Kingdom’s financial markets is the focus of this journal article. After defining market manipulation as the unwarranted interference in the operation of ordinary market forces of supply and demand, the author details specific examples of financial market manipulation. Disseminating misleading information that changes the prices of investments, artificial or false transactions, and the improper use of market power are all cited as examples of market manipulation. Maintaining that the interconnectedness of today’s global financial markets requires a reappraisal of national approaches to market manipulation, this article argues for the involvement of both the International Organization of Securities Commissions and the European Union in order to address issues of market manipulation. Arguing for various organizations to be on common ground concerning financial market manipulation, the author contends that stringent criminal, administrative, and civil law sanctions are the only ways to end financial market manipulation. 75 References