Even in the world of Finance, Ghosting
(which has an obvious resemblance to the verb form of ghost) has a negative
connotation. This is an illegal practise which is prohibited in most countries
and can result in serious charges against defaulters.
Ghosting, essentially would mean an
illegal attempt by two or more market markers to bring about changes in the
price of a particular stock. This involves two parties where one party tries to
inflate or deflate the price of a stock while the second party does a similar
action which tries to either enhance the results of the first party or make it
look ambiguous. Here, the parties can be an individual or a company.
This activity becomes unethical and
illegal because it violates the basic norm of trading/investing – equal and
fair competition among all investors. Here, the investors falsely tend to
believe the upward/downward slide in prices and sell them at below the actual
worth which takes a hit on their gain. And the market makers have a share of
the profit from the price fixing.
For more information, visit these links: http://www.opednews.com/articles/Are-Financial-Markets-Bein-by-Danny-Schechter-090709-731.html , http://www.ft.com/cms/s/0/c4baf670-1bfe-11df-a5e1-00144feab49a.html#axzz3FQc0fljv
This Word is suggested by Sonika Krishnan (PGDM 2013-15)
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