Corruption and Fraud in Financial Markets : Malpractice, Misconduct and Manipulation

Cover -- Title Page -- Copyright -- Contents -- About the Editors -- List of Contributors -- Foreword -- Acknowledgements -- Chapter 1: Introduction -- Part I What are Manipulation and Fraud and why do They matter? -- Chapter 2: An Overview of Market Manipulation -- 2.1 Introduction -- 2.2 Definitions of Market Manipulation -- 2.2.1 Legal Interpretation and Provisions against Market Manipulation -- 2.2.2 Economics and Legal Studies Perspective -- 2.3 A Taxonomy of the Types of Market Manipulation -- 2.3.1 Categories of Market Manipulation -- 2.3.2 Market Manipulation Techniques -- 2.4 Research on Market Manipulation -- 2.4.1 Theoretical Literature -- 2.4.2 Empirical Literature -- 2.4.3 Conclusions from the Research on Market Manipulation -- 2.5 Summary and Conclusions -- References -- Chapter 3: A Taxonomy of Financial Market Misconduct -- 3.1 Introduction -- 3.2 Challenges in Research on Financial Market Misconduct -- 3.3 Defining Financial Market Misconduct -- 3.3.1 Price Manipulation -- 3.3.2 Circular Trading -- 3.3.3 Collusion and Information Sharing -- 3.3.4 Inside Information -- 3.3.5 Reference Price Influence -- 3.3.6 Improper Order Handling -- 3.3.7 Misleading Customers -- 3.4 Defining Financial Fraud -- 3.4.1 Credit Card Fraud -- 3.4.2 Money Laundering -- 3.4.3 Financial Statement Fraud -- 3.4.4 Computer Intrusion Fraud -- 3.5 Conclusion -- References -- Chapter 4: Financial Misconduct and Market-Based Penalties -- 4.1 Introduction -- 4.2 Notable Cases of Financial Reporting Fraud -- 4.3 Financial Reporting Misconduct and Legal Redress -- 4.4 Evolution of US Financial Regulations -- 4.4.1 Private Securities Litigation Reform Act (1995) -- 4.4.2 Sarbanes-Oxley Act (2002) -- 4.4.3 Dodd-Frank Act (2010) -- 4.5 Legal versus Market-Based Penalties for Financial Misconduct -- 4.5.1 Common Forms of Legal Penalties.