pump-and-dump


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pump-and-dump

n
(Stock Exchange) the practice of buying shares, generating favourable publicity about them, especially on the internet, then selling them when the price accordingly rises
References in periodicals archive ?
The Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert called E-Cigarette Stock Scams: New Smoking Technology Could Light Up Pump-and-Dump Fraud warning investors of aggressive promotions touting stocks that claim to capitalize on the e-cigarette and vaporizer, or "vape," market.
Christopher Rad's use of hackers to drive his pump-and-dump scheme illustrates a trend toward the modern mechanization of old-school scams," Fishman said.
Sophos have warned users to be wary of emails offering unsolicited financial advice as a married couple are charged by federal regulators with making $1 million through a stock market pump-and-dump scam.