Mark Twain once exhorted, “You’re never wrong to do the right thing”. This remains sound guidance and very much applicable when participating in the capital markets. Market actors are fully cognisant of the types of conduct and behaviours, which while falling short of the ambit of the law, are outright improper, morally reprehensible and wholly unethical; and therefore should be avoided in the interest of fair trading practices. Market manipulation is a category of “financial misdeeds” or market abuse which is provided for under sections 91-99 of the Securities Act, 2012.
Trinidad and Tobago Securities and Exchange Commission (TTSEC), as the regulator of the securities industry, would be required to bring an action where market manipulation is alleged against a registrant, to ‘ensure orderly, fair and equitable dealings in securities’, are maintained.
Read more here—> Market Manipulation
Market Manipulation and how the TTSEC protects you