HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Brokerages » wash trade

Wash Trade

Definition
Occurs when a person buys shares of an investment at one brokerage firm and sells the same amount of shares of the same investment at another brokerage firm. The intent of executing these illegal transactions is to give the impression that trading activity is increasing for that security. This activity may drive up prices and attract other investors.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.