Pegged Price Law and Legal Definition

Pegged price is the price at which a commodity has been fixed by agreement. Pegging prices is a form of stock manipulation and it is unlawful for a person to directly or indirectly effect pegging. [Eagletech Communs. Inc. v. Citigroup, Inc., 2008 U.S. Dist. LEXIS 49432 (S.D. Fla. June 25, 2008)].