Q: If I buy ads to promote a widely published stock analysis after I purchase the stock, is that market manipulation?
If I'm a stock investor and I read articles about XYZ stock being under valued by 20%, I like the reasoning so I decide to buy the stock. After buying the stock I want to share this article with other traders so I buy "native" ads on news publications to share the article wide and far with other investors. This article was not written by me and contains solid fundamental research, no fluff. Would this be market manipulation because promoting the analysis of a stock I like might make the stock rise?
A: You appear to have missed the area of most vulnerability. Rather than worrying about being charged with market manipulation if I were you I would worry more about incoming flak the owners of the copyrights on the articles you are planning to copy without permission and use them to make money.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.