Is it illegal to manipulate stock option trades in the market?

Answers:0   |   LastUpdateAt:2012-10-01 08:38:02  

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Adele
Asked at 2012-10-01 08:38:02
I have a friend who says that what he does is not illegal , but it seems questionable. It's amazing make money without the ups and downs that usually happens with most traders . He will buy a large position in a particular option as 500 contracts in 40 . The tender will be at 0.40 and the question will be at 0.50 MedlinePlus Then they try to sell a .45 . If there are no buyers that will get rid of its $ 45 . Then they traded at $ 0.45 to make it look like there was a lower bidder . After the order will be canceled and he will put them back on sale for $ 45 . I just spoofing , which is illegal , but that is not saying impersonation, because the order is canceled . Is this manipulation is considered illegal?
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