a. Any person shall be considered in violation of this Law if he intentionally does any act or engages in any action which creates a false or misleading impression as to the market, the prices or the value of any Security for the purpose of creating that impression or thereby inducing third parties to buy, sell or subscribe for such Security or to refrain from doing so or to induce them to exercise, or refrain from exercising, any rights conferred by such Security.

b. The Authority shall set out rules determining the acts and practices which shall constitute violations of paragraph (a) of this Article.  These rules shall specify the acts and practices excluded from the application of the provisions of paragraph (a) of this Article. The powers of the Authority provided for in this paragraph shall include the power to set forth the rules, define the circumstances and procedures aiming at stabilizing the prices of Securities offered to the public, and the manner in which and the period during which these actions must be taken.

c. The following acts and practices shall be among those which shall be considered types of manipulation that are prohibited by paragraph (a) of this Article:

1. To perform any act or practice aiming at creating a false or misleading impression of an existing active trading in a Security as may be contrary to the reality.  These acts and practices shall include, but not be limited to the following:
   a. Undertaking transactions in Securities which do not involve a true transfer of  ownership thereof.
   b. Entering an order or orders for the purchase of a particular Security with prior   knowledge that an order or orders of substantially the same size, price and timing for  the  sale of the same Security has been or will be entered by a different party or  parties.
   c. Entering an order or orders for the sale of a particular Security with prior knowledge  that an order or orders of substantially the same size, price and timing for the purchase  of the same Security has been or will be entered by the same party or different parties.
2. To affect, alone or with others, the price of a particular Security or Securities traded on the Exchange through executing a series of transactions in such Security or Securities creating actual or apparent active trading or causing an increase or decrease in the prices of such Securities, for the purpose of inducing third parties to buy or sell such Securities as the case may be.
3. To affect, alone or with others through any series of transactions such as buying or selling or buying and selling a Security traded on the Exchange for the purpose of pegging or stabilizing the price of such Security in violation of the rules set forth by the Authority for the safety of the market and the protection of investors.