“This article discusses the EFTA Court’s advisory opinion on the issue of whether real transactions, in the sense that they transfer expense and risk with full effect between independent parties, can constitute market manipulation. The aim of the article is to explore the reasoning by the court and then analyse and argue that such transactions (real ones) can indeed constitute market manipulation according to the 2014 Market Abuse Regulation (MAR) and MAD. The aim is also to analyse when real transactions constitute market manipulation.”
Can Real Transactions Constitute Market Manipulation?
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