Is it illegal to engage in market manipulation in a securities fraud case?
Yes, market manipulation is highly illegal in cases of securities fraud in Utah. Market manipulation is a process by which large players in markets use their financial and political influence to manipulate prices. This can include artificially inflating or deflating stock prices by executing trades or manipulating information. Market manipulation is prohibited in Utah under the State Business and Commerce Code and the Utah Securities Act. It is considered a very serious offense, and those found guilty of engaging in market manipulation may face civil or criminal penalties. These may include fines, suspension or revocation of their license to trade in securities, and even imprisonment. The severity of the penalty will be dependent on the severity of the manipulation. For instance, if someone placed orders on a stock and then cancelled them to convince other buyers or sellers that the stock was worth more or less than it actually was, they could be liable for the crime of market manipulation. Therefore, in Utah it is illegal to engage in market manipulation in a securities fraud case.
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