Using a hand collected new data set, this paper examines in detail a classic account of stock market manipulation - the stock pools of the 1920s, which prompted the current anti-manipulation rules in the United States. We find abnormal trading volume during pools, consistent with market...

Using a hand collected new data set, this paper examines in detail a classic account of stock market manipulation - the quot;stock poolsquot; of the 1920s, which prompted the current anti-manipulation rules in the United States. We find abnormal trading volume during pools, consistent with...

Using a hand collected new data set, this paper examines in detail a classic account of stock market manipulationacirc;not; the acirc;not;Sstock poolsacirc;not;? of the 1920s, which prompted the current anti-manipulation rules in the United States. We examine abnormal turnover and returns and the...