Market manipulation using pump-and-dump strategy
CFA SOCIETY SINGAPORE ADVOCACY TEAM, 31 March 2021
CONSIDER this hypothetical scenario: In an effort to pump up the price of his holdings in a loss-making distributor of electronic games, Steve Wong logs on to several investor chat rooms on the Internet to start rumours that the company is about to expand its distribution network to untapped overseas markets, in anticipation of tie-ups with big local champions in their respective domestic markets. Continue reading “Article: Market manipulation using pump-and-dump strategy”
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