Section 339-B. Manipulation of prices of securities  


Latest version.
  • Any  person, who
      inflates, depresses, or causes fluctuations in, or attempts to  inflate,
      depress  or  cause  fluctuations  in,  or combines or conspires with any
      other person or persons to inflate, depress or  cause  fluctuations  in,
      the  market  prices of the stocks, bonds or other evidences of debt of a
      corporation, company or association, or of an issue or any  part  of  an
      issue of the stock, bonds or evidences of debt of a corporation, company
      or association, by means of pretended purchases and sales thereof, or by
      any  other fictitious transactions or devices, for or on account of such
      person or of any other person, or for or on account of  the  persons  so
      combining   or  conspiring,  whereby  either  in  whole  or  in  part  a
      simultaneous change of ownership or of interest in such stocks, bonds or
      evidences of debt, or of such issue or part of an issue thereof, is  not
      effected,  is  guilty  of a misdemeanor. A pretended purchase or sale of
      any such stocks, bonds or other evidences of debt whereby, in  whole  or
      in  part,  no  simultaneous  change  of ownership or interest therein is
      effected, shall be prima facie evidence of the violation of this section
      by the person  or  persons  taking  part  in  the  transaction  of  such
      pretended purchase or sale.