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According to the Merriam-Webster Legal Dictionary, the legal definition is "a sale and purchase of securities that produces no change of the beneficial owner." [2] The IRS broadened its definition of wash sales in 1993. [6] In the United States, wash sale laws
A wash sale is when you sell an asset, such as a stock or bond, for a loss but have purchased the same asset or a very similar one within 30 days before or after the sale.
Wash trading is a form of market manipulation in which an entity simultaneously sells and buys the same financial instruments, creating a false impression of market activity without incurring market risk or changing the entity's market position. Wash trading has been deemed illegal in most jurisdictions.
Selling, serving and giving alcohol to a minor is a class 4 felony punishable by up to 18 months in prison, [106] except when "a parent, legal guardian or adult spouse of a minor serves alcoholic beverages to that minor on real property, other than licensed premises, under the control of the parent, legal guardian or adult spouse", [107] or for ...
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The penalties for sale of a controlled substance varies between states. In Oregon, a person convicted three times of selling 3.3 pounds of meth would face a maximum of four years in prison. By comparison, the potential penalty would be 13 years in prison in California, 21 years in federal court, and up to life in Texas.
A disgraced Missouri teacher is scheduled to enter pleas next month to 19 charges alleging she paid her underage students for sex with cash, alcohol and marijuana and then attempted to intimidate ...
The Revised Code of Washington (RCW) is the compilation of all permanent laws currently in force in the U.S. state of Washington. [1] Temporary laws such as appropriations acts are excluded.