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June 13, 2013
Regulators Warn Investors Not to Fall for Online Pump-and-Dump Schemes

The SEC, Securities and Exchange Commission, and FINRA, the Financial Industry Regulatory Authority Inc. warned investors yesterday that e-mail spam designed to dupe investors into “pump-and-dump” stock offerings is increasing. "Pump-and-dump" is defined as "an illegal practice in which investors attempt to artificially inflate the price of a stock by disseminating inaccurate or misleading information. […]

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