To the author ' s surprise , the word manipulation has been often misused in the situations where a legal operation is involved . this compels the author to re - assess and criticize the definitions offered by the researchers so far to the term securities - market - related manipulative action . the author labels the different definitions with a proper name indicating a different school of theory and puts forward his own definition of manipulative action in securities market 并通过论证，提出对操纵证券市场行为的一个新的定义，即，操纵证券市场行为是指违反法律禁止性规定，为牟取非法利益或转嫁不当风险，所从事的制造虚假市场行情、人为影响市场价格，诱使投资者买卖证券的行为。
