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LSDefine

Simple English definitions for legal terms

daisy chain

Read a random definition: legacy duty

A quick definition of daisy chain:

A daisy chain is when a group of people who sell stocks work together to make the price go up. They do this to trick other people into buying the stock at a high price. Once the other people buy the stock, the group of sellers quickly sell their own stock for a profit, leaving the buyers with overpriced stock. This is not allowed and is against the law.

A more thorough explanation:

A daisy chain is when a small group of securities dealers buy and sell the same stock repeatedly to drive up the price. They do this to attract unsuspecting buyers who will invest in the stock. Once the buyers invest, the traders sell the stock for a quick profit, leaving the buyers with overpriced stock. This is illegal.

A group of securities dealers buy and sell shares of XYZ company among themselves, driving up the price. They then convince others to invest in the stock, claiming it is a great opportunity. Once the unsuspecting buyers invest, the traders sell their shares for a profit, leaving the buyers with overpriced stock that is now worth less than what they paid for it.

This example illustrates how a daisy chain works. The traders manipulate the stock price to attract buyers, then sell their shares for a profit, leaving the buyers with a loss. This is illegal because it is a form of market manipulation that harms investors.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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