SEC Snares Pump & Dump Schemers

Share this content:
Federal Securities regulators this week launched their fourth Internet fraud sweep and snared a mechanic and chauffeur among others operating alleged "pump & dump" schemes.

The SEC filed 15 enforcement actions against 33 companies and individuals who allegedly used the Internet to manipulate stock prices.

The accused spread false information about small publicly traded companies known as microcaps through Web sites, electronic newsletters, e-mails and message boards in an attempt to bump up the companies stock. When the stock was high they then dumped it for a profit.

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above