The term #manipulation appears multiple times throughout the document, primarily in discussions regarding the risks associated with low market value securities and the regulatory objectives of listing standards.
Key References to Manipulation
•Regulatory Intent: The Commission has stated that adequate listing standards promote fair and orderly markets and are designed to "prevent fraudulent and manipulative acts and practices".
•Risk Assessment: The Exchange notes that securities with a low Market Value of Listed Securities (MVLS) have a "greater chance of being manipulated" because less capital is required for manipulative trading activity.
•Vulnerability of Low MVLS Securities: Commenters noted that low MVLS securities are "especially vulnerable" to manipulation due to limited liquidity and scrutiny, which makes them easier to control by bad actors.
•Impact of Reverse Stock Splits: The Commission observed that even if a reverse stock split increases a company's price, if the MVLS remains low, the security could "continue to be susceptible to manipulative trading".
Go DO DD
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Perkins Coie also represented $MMAT Meta Materials Inc a company with over 500 patents that recently joined the Nasdaq after forcing the CEO George Palikaras @palikaras out and drove them quickly into bankruptcy with a board of directors enriching themselves and obliterating shareholders. Probably not suspicious at all.