SEC Snares Pump & Dump Schemers

Share this article:
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.
Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

News Byte: Comcast Expanding Global Ad Delivery Through Partnership

News Byte: Comcast Expanding Global Ad Delivery Through ...

Through a partnership with Adstream , Comcast's AdDelivery Service expands its footprint across the globe.

40 Under 40 2014: Nominations Are Now Open!

40 Under 40 2014: Nominations Are Now Open!

It's time to nominate the 2014 crop of young marketing luminaries for Direct Marketing News's 40 Under 40 Awards. The deadline is Friday, June 6, 2014.

News Byte: MediaCrossing Partners with ASL Marketing on Youth Marketing Tool

News Byte: MediaCrossing Partners with ASL Marketing on ...

The digital media trading firm and marketing database company aim to help marketers target 13 to 34 year olds.