§ 339-b. Manipulation of prices of securities. Any person, who
inflates, depresses, or causes fluctuations in, or attempts to inflate,
depress or cause fluctuations in, or combines or conspires with any
other person or persons to inflate, depress or cause fluctuations in,
the market prices of the stocks, bonds or other evidences of debt of a
corporation, company or association, or of an issue or any part of an
issue of the stock, bonds or evidences of debt of a corporation, company
or association, by means of pretended purchases and sales thereof, or by
any other fictitious transactions or devices, for or on account of such
person or of any other person, or for or on account of the persons so
combining or conspiring, whereby either in whole or in part a
simultaneous change of ownership or of interest in such stocks, bonds or
evidences of debt, or of such issue or part of an issue thereof, is not
effected, is guilty of a misdemeanor. A pretended purchase or sale of
any such stocks, bonds or other evidences of debt whereby, in whole or
in part, no simultaneous change of ownership or interest therein is
effected, shall be prima facie evidence of the violation of this section
by the person or persons taking part in the transaction of such
pretended purchase or sale.