Occurs when a person buys shares of an investment at one brokerage firm and sells the same amount of shares of the same investment at another brokerage firm. The intent of executing these illegal transactions is to give the impression that trading activity is increasing for that security. This activity may drive up prices and attract other investors.
Related information about wash trade:
- Wash trade - Wikipedia, the free encyclopedia
A wash trade (not to be confused with a wash sale) is an illegal form of stock manipulation in which an investor simultaneously sells and buys shares in order to ...
- Wash sale - Wikipedia, the free encyclopedia
A wash sale (not to be confused with a wash trade) is a sale of a security (stock, bonds, options) at a loss and repurchasing the same or substantially identical ...
- Wash Trade - Financial Dictionary - The Free Dictionary
A situation in which the profit on one activity or investment equals the loss on another. When an investment is a wash, it is said to break even.
- wash trade - definition of wash trade by the Free Online Dictionary ...
An inlet of the North Sea off east-central England. The Wash has a dredged ship channel that leads to King's Lynn. wash (w sh, wôsh). v. washed, wash·ing, ...
- What is wash trade? definition and meaning
Definition of wash trade: This is not the same as the methodology behind a wash sale. This practice is not legal because it deals with selling off and ...
- MARKET REGULATION ADVISORY NOTICE - CME Group
Nov 3, 2009 ... wash trade irrespective of the fact that the orders were entered at different times. ... that there was intent to execute a prohibited wash trade.
- Wash Trade
A wash trade is not the same as a wash sale. A wash trade is an illegal form of stock manipulation in which an investor sells and buys shares at the same time in ...
- Explaining RBC's Wash Trade Accusations
Apr 13, 2012 ... On April 2, U.S. regulators accused RBC of operating a wash trading scheme. Find out what this means.