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Stock selection: Are you falling for a pump-and-dump scam?
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By Parthajit Kayal and Malvika Saraf Pump-and-dump scheme is a form of scam that encourages amateur investors to buy shares in a company to increase the price of the shares artificially. It can be used to boost the price of a stock through recommendations based on false or misleading information. Pump-and-dump traders use social media platforms or messaging apps to start rumours, spread misinformation, or hype to fan interest in the stock to increase its price. Once the price of the stock rises, the fraudsters sell the stock at high prices.
What is pump-and-dump Pump-and-dump is a type of activity that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. There are two
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