Any manipulation or deception that affects the purchase or sale of a security and usually includes the misrepresentation or omission of significant information is

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Securities fraud involves any manipulation or deception that affects the purchase or sale of a security and usually includes misrepresentation or omission of significant information. Integration refers to the combining of separate pieces of information to conceal illegal activity, while layering involves the creation of complex trades to conceal the origin of illicit funds. A confidence game refers to a scheme in which the perpetrator gains the trust of the victim in order to commit fraud or theft.

Any Manipulation or Deception That Affects the Purchase or Sale