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wash sale [trade] 〔美國〕(股票的)虛拋,虛賣。

wash-hand basin

Chapter one mainly focuses on the theory research of the manipulation action and the discussion of the necessity for improving and perfecting its civil liability system . the manipulation actions include wash sales , matched orders , manipulation by actual purchases , pool operation , stabilization , spreading rumor and false information , and so on 因此,論文對我國現行操縱證券市場民事責任制度的缺陷進行了深入地分析,指出了我國現行立法關于操縱市場民事責任規定的不足? ?缺乏可操作性,并就立法缺陷的原因進行了分析。

Market manipulation generally refers to such practices as wash sale , matched orders or rigged prices . these practices are all ultimately intended to produce a market for the securities , which has little or no bearing on the true value of the securities based on the real business of the issuer and its true prospects . that is to say , market manipulation violates the integrity of the market because it alters the independent trading and pricing mechanisms of the market 從私法的角度言之,操縱市場行為嚴重地侵害了證券市場上廣大投資者的合法權益,因而,不同國家和地區的證券立法在禁止操縱市場行為的同時,大都注重發揮操縱市場的民事責任制度的功能,對操縱市場行為的受害人的合法民事權益給予私法上的救濟,并加大違法行為人的違法成本,以有效地遏制或制裁操縱市場的違法行為。

( 2 ) the main offenders in manipulation were institute investors , especially security companies and insiders . the offenses were almost trade - based and information - based manipulation . continuouse trading , wash sale , pool , improper matched order were the major forms during manipulation 除了有確鑿事實表明一些操縱者進行了內幕交易之外,其他操縱者也可能同時進行了內幕交易,因此,市場操縱和內幕交易有混合的可能。

These manipulative actions have been regulated in chinese securities legal system , which include wash sale , match orders , manipulation by actual purchases , pool operation , intentionally spread and fiction misleading information 其實質是證券操縱者利用信息優勢、經濟力量妨礙、限制、排斥競爭的行為,破壞了證券市場的秩序。禁止或限制操縱行為對發展一個良性的證券市場具有重要作用。

The manipulation can be classified as follows : wash sale , matched orders , actual purchase , pool operation , intentionally spreading and fiction misleading information 操縱市場包括洗售、相對委托、連續交易、聯合操縱、惡意散布制造虛假信息或不實資料等類型。

Yedan , oxygen , nitrogen , acetylene gas , acetylene sales ; chemical products , metal dianliao , plumbing materials , supplies wash sales 液氮、氧氣、氮氣、氬氣、乙炔的銷售;化工產品、五金電料、水暖建材、洗滌用品的銷售。