N.Y. General Business Law § 339-b: Manipulation of prices of securities

§ 339-b. Manipulation of prices of securities. Any person, who

inflates, depresses, or causes fluctuations in, or attempts to inflate,

depress or cause fluctuations in, or combines or conspires with any

other person or persons to inflate, depress or cause fluctuations in,

the market prices of the stocks, bonds or other evidences of debt of a

corporation, company or association, or of an issue or any part of an

issue of the stock, bonds or evidences of debt of a corporation, company

or association, by means of pretended purchases and sales thereof, or by

any other fictitious transactions or devices, for or on account of such

person or of any other person, or for or on account of the persons so

combining or conspiring, whereby either in whole or in part a

simultaneous change of ownership or of interest in such stocks, bonds or

evidences of debt, or of such issue or part of an issue thereof, is not

effected, is guilty of a misdemeanor. A pretended purchase or sale of

any such stocks, bonds or other evidences of debt whereby, in whole or

in part, no simultaneous change of ownership or interest therein is

effected, shall be prima facie evidence of the violation of this section

by the person or persons taking part in the transaction of such

pretended purchase or sale.