pump and dump

Funds management

Individuals face $1m fine for alleged ‘pump and dump’ scheme

Four individuals face a $1 million fine after being charged with alleged market manipulation regarding a “pump and dump” scheme....

Financial planning

First finfluencer sentenced for market manipulation

The first person to be convicted of a ‘pump and dump’ scheme has been sentenced and fined after pleading guilty to charges of share manipulation and illegal dissemination...

Policy & Regulation

ASIC makes first ‘pump and dump’ social media conviction

The corporate regulator has made its first conviction of an individual for using social media to co-ordinate a ‘pump and dump’ scheme of listed stocks. ...

Funds management

Social media under ASIC’s watch

Investors using social media and chatrooms to conduct market manipulation should assume they are being watched by the regulator, which is paying closer attention to these...