Category talk:Stock market

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[edit] Name that scam...

What would you call this scam?

• The con artist places an offer to buy a particular stock at an order of magnitude lower than the market price.
  • Example: Market price is 0.004, but an offer is made for 0.00049
• Similarly, the con artist could place an offer to sell a particular stock at an order of magnitude higher than the market price.
  • Example: Market price is 0.0004, but an offer is made for 0.0039

Has anyone ever fallen for something like this? If so, what's it called? Or is it somehow prevented by a federal regulation?