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Username: BobM

Rating:
Guru Stars

Asked to: Apinya Kamon

Date Created: 05 Mar 2019
Category 28
Tag Financial
Question What is a Daisy Chain?
Advice from Guru
Hi BobM,

Daisy chain is a term used to describe a group of unscrupulous investors who, when practicing a kind of fictitious trading or wash selling, artificially inflate the price of a security they own so it can be sold at a profit. Small-cap stocks with low liquidity are highly susceptible to daisy chains because price manipulation is typically harder for stocks with high trading volumes.
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