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Corporations Code Section 25400 is California’s anti-market manipulation statute.  The statute copied clauses (1) through (5) of Section 9(a) of the Securities Exchange Act of 1934 and declares unlawful specified actions intended to affect the market price of a security.  Section 25500 establishes a civil remedy against any person who willfully participates in any act or transaction in violation of Section 25400. Read more...