Just before market close, a trader enters a series of buy orders solely to boost the closing price of a stock and benefit from reporting higher values. This is an example of:

1. ALegitimate rebalancing
2. BSetting opening prices
3. CMarket-on-close order execution
4. DMarking the close, a prohibited market manipulation strategy✓ Correct answer

Reading one answer is not the same as being ready

Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.

• A corporate 'tipper' reveals material inside information to a relative, who profits by trading before the news is…
• A high-frequency trading firm floods the market with numerous orders it intends to cancel immediately, aiming to slow…
• A trader places large orders with no intent to execute, hoping to move the price and then cancels them. This prohibited…
• A group acquires shares of a thinly traded stock, promotes false positive news to attract buyers, and then sells at…