HIGH CLOSING

high closing: translation

n.

The practice of artificially boosting a stock price by purchasing quantities of the stock a few minutes before the end of the year or quarter.

"In some conversations, according to sources, RT Capital staff set specific price targets in purchase orders with brokerage traders to 'ramp up' stock values in an effort to boost the fund's performance returns at year end. The practice, known as 'high closing,' is prohibited by securities laws because it can artificially boost stock prices."

— Jacquie McNish and Andrew Willis, "Seized tapes show brokers flouting stock laws,"The Globe and Mail, June 24, 2000

boiler room

fraud-u-Net

insider nontrading

paint the tape

pump and dump

rumourtrage

window undressing

Stock Market and Investing