THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.7 - OFFENCES

Division 2 - General

SECTION 1259   FUTURES MARKET MANIPULATION  

1259    A person must not, in this jurisdiction or elsewhere, take part in, be concerned in, or carry out, whether directly or indirectly:

(a)  a transaction (whether a dealing in a futures contract or not) that has, is intended to have, or is likely to have; or

(b)  2 or more transactions (whether any of them is a dealing in a futures contract or not) that have, are intended to have, or are likely to have:

the effect of:

(c)  creating an artificial price for dealings in futures contracts on a futures market in this jurisdiction; or

(d)  maintaining at a level that is artificial (whether or not it was previously artificial) a price for dealings in futures contracts on a futures market in this jurisdiction.

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