Sham transactions
Entering into a transaction in securities without the intention of performing it or without the intention of a change of ownership of the security.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series III-A← All terms