What is a fictitious business?
Fictitious trade is a securities transaction that is somehow falsified in favor of the merchant. This term may also apply to the type of surrogate symbol used to record the transaction and later updated by the correct information. Fictitious shops in the first sense are illegal because it is a form of manipulation with a market where the aim of a broker or merchant is to benefit from a perceived change in the market that is actually created through their events. The second type can be used for certain types of securities transactions on the basis of an agreement. As a result, there is no net change of ownership, but for other traders it seems that something is happening on the market. This can stimulate the actual activity that the intermediary can use. Other trades can be used to create an illusion of your account activity in the client's statement for the purpose of covering. Lightening and other fraudulent activities.
RegulaThe authorities follow the market with the indications that investors are involved in the market manipulation, and there are vigilant signs of fictitious trade. Entering this activity may be a reason for expulsion from exchange and legal sanctions. If trading is used to fake account records for cheating clients, it can also sue for compensation and violation of the contract. Money managers are entrusted with trust in the responsibility, which means that they have to take care of their client's assets responsibly and fraudulent shops are a violation of professional ethics.
In fact, it seems that a fictitious trade takes place in the open market and looks legitimate for the outsider, but is actually false. Securities are not converted to another side and any profits that appear to be realized are also false. These stores can be made in the client's account to make it look like business activity, so in an occasional view of customers think that their assets are in good hands.
as a surrenderThe symbol can be a fictitious trade part of a regular transaction agreement between two companies. In the future, they set a date and updated it when they have the information about the correct rate and the date of settling to complete the store. It is used to record an agreement without determining the date and rate, as they may change in accordance with the terms of the contract.