Series 7 - General Securities Representative Exam
Preview Mode
Painting the tape is best described as
Traders selling a security to the public at an unfair price
A
Traders selling and buying a security amongst themselves to create the illusion of trading activity
B
Traders buying and selling a security heavily at the market open
C
Traders buying and selling a security heavily at the market close
D
Explanations
Painting the tape is a violation and is designed to give the impression of more trading activity than actually exists