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.

You have until Wednesday, December 7 to get your entries in. Learn more here.

Loading links....

Next Article in Marketing Strategy

Follow us on Twitter @dmnews

Latest Jobs: