phrase
General Slang
Painting the tape
· phrase · finance
Trading a stock among yourselves to fake volume or move the price.
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Definitions
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Market manipulation in which traders coordinate buys and sells of a security to create the illusion of genuine activity, pumping the apparent volume or nudging the price to attract real money. Illegal under securities law. The name comes from the old ticker tape, which would display the manufactured prints.
“The SEC nailed the group for painting the tape in the last ten minutes to mark up the close.”
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Painting the tape In A Sentence
The SEC nailed the group for painting the tape in the last ten minutes to mark up the close.
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