Derivatives Market Manipulation by ‘Wash Sales’ in Violation of the US Commodity Exchange Act

Publication Date01 February 1995
Date01 February 1995
AuthorEdward Swan
SubjectAccounting & finance
Journal of Financial Crime Vol. 3 No. 1 Derivatives
Derivatives Market Manipulation by 'Wash Sales' in
Violation of the US Commodity Exchange Act
Edward Swan
One of the principal goals of derivatives regulation
is to prevent market manipulation. Manipulation
destroys investor confidence, leads to reduction of
trading activity, and reduces the overall prosperity
and revenue generated by market activity. To avoid
these dire consequences, those societies committed
to a market economy generally impose regulation
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