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Selling stock question.
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 688120" data-attributes="member: 12570"><p>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 artificially increase trading volume and thus the stock price.</p><p></p><p>The United States Security and Exchange Commission defines a wash trade as "a securities transaction which involves no change in the beneficial ownership of the security."</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 688120, member: 12570"] 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 artificially increase trading volume and thus the stock price. The United States Security and Exchange Commission defines a wash trade as "a securities transaction which involves no change in the beneficial ownership of the security." [/QUOTE]
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