Section 7-11-502 - Market manipulation(a) Without limiting the general applicability of § 7-11-501, a person may not directly or indirectly: (1) Quote a fictitious price with respect to a security;(2) Effect a transaction in a security which involved no change in the beneficial ownership of the security for the purpose of creating a false or misleading appearance of active trading in a security or with respect to the market for the security;(3) Enter an order for the purpose of a security with the knowledge that an order of substantially the same size and at substantially the same time and price for the sale of the security has been, or will be, entered by or for the same, or affiliated, person for the purpose of creating a false or misleading appearance of active trading in a security or with respect to the market for the security;(4) Enter an order for the sale of a security with knowledge that an order of substantially the same size and at substantially the same time and price for the purchase of the security has been, or will be, entered by or for the same, or affiliated, person for the purpose of creating a false or misleading appearance of active trading in a security or with respect to the market for the security; or(5) Employ any other deceptive or fraudulent device, scheme, or artifice to manipulate the market in a security.(b) Transactions effected in compliance with the applicable provisions of the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq., and the rules and regulations of the Securities and Exchange Commission under that Act do not constitute market manipulation under subsection (a).R.I. Gen. Laws § 7-11-502