P.R. Laws tit. 10, § 853
It shall be unlawful for any person, directly or indirectly:
(a) With the purpose of creating the false or deceptive appearance of the active negotiation of securities, or a false or deceptive impression regarding the existence of a market for specific securities:
(1) To carry out any transaction regarding securities which does not involve a change in the owner of the title deed of the aforesaid, or
(2) to file any order or orders for the purchase or sale of securities with the knowledge that the order or orders are substantially of the same size, or substantially done at the sale time and substantially have the same price for the sale or purchase of the securities, and that these have been made or will be made by or for the same person or for any other person affiliated to the aforesaid.
(b) To carry out, alone, or with one or more persons, a series of transactions regarding any securities, creating an active, actual or apparent negotiation concerning said securities to increase or decrease their price, for the purpose of inducing the purchase or sale of said securities by others.
History —June 18, 1963, No. 60, p. 128, added as § 103 on Aug. 11, 1996, No. 114, § 4.