Every person who willfully makes or publishes any false statement, spreads any false rumor, or employs any other false or fraudulent means or device, with intent to affect the market price of any kind of property, is guilty of a misdemeanor.
Cal. Penal Code § 395
OF CRIMES AGAINST THE PUBLIC HEALTH AND SAFETY
Applied in 2 court decisions — leading case Enron Corp. v. California Ex Rel. Lockyer (In Re Enron Corp.) (2004)
Most recently applied in 147 Cal. App. 4th 1293 - Wholesale Electricity Antitrust Cases I & II (February 2007)
Enacted 1872.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.