It is unlawful for any person, directly or indirectly, in this State:
(a) For the purpose of creating a false or misleading appearance of active trading
in a security or a false or misleading appearance with respect to the market for a
(i) to effect any transaction in the security which involves no change in the beneficial
ownership thereof; or
(ii) to enter any order or orders for the purchase (or sale) of the security with
the knowledge that an order or orders of substantially the same size, at substantially
the same time, and at substantially the same price for the sale (or purchase) of the
security, have been or will be entered by or for the same or affiliated persons;
(b) To effect, alone or with one or more other persons, a series of transactions in
any security creating actual or apparent active trading in the security or raising
or depressing the price of the security for the purpose of inducing the purchase or
sale of the security by others; or
(c) To induce the purchase or sale of any security by the circulation or dissemination
of information to the effect that the price of the security will or is likely to rise
or fall because of market operations of any one or more persons conducted for the
purpose of raising or depressing the price of the security, if he is selling or offering
to sell or purchasing or offering to purchase the security or is receiving a consideration,
directly or indirectly, from any such person.
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