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Regulators Learning from Crypto to Take on Pump and Dumps in Stocks
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A newly released presentation has revealed how the Australian Securities and Investments Commission (ASIC) has learned about pump and dump activities in the crypto market, and how the same schemes have spilled over to the stock market.
The previously unknown presentation was first made public on December 28 after The Australian obtained it through a freedom of information request.
The presentation, created by crypto researcher and finance professor at the University of Technology Sydney, Talis Putnins, said that the pump and dump activity that has been seen across the crypto market is now also seen in stocks, with ‘meme stocks’ such as GameStop in the US being relevant examples.
Coordinated pumps in the stock market may fall under market
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