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Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information.
"Night wind hawkers" sold stock on the streets during the South Sea Bubble.(The Great Picture of Folly, 1720)Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump).
Following is a list of securities frauds (also called stock frauds or investment frauds): 2003 Mutual-fund scandal: A number of major brokerages and mutual fund firms were accused of various deceptive acts that disadvantaged customers. Among them were late trading and market timing. Various SEC rules were enacted to curtail this practice. [1]
Microcap stock fraud is a form of securities fraud involving stocks of "microcap" companies, generally defined in the United States as those with a market capitalization of under $250 million. Its prevalence has been estimated to run into the billions of dollars a year.
An example is the Guinness share-trading fraud of the 1980s. In the US, this activity is usually referred to as painting the tape. [6] Runs may also occur when traders are attempting to drive the price of a certain share down, although this is rare. (see Stock Bashing)
A federal grand jury has indicted prominent activist short seller Andrew Left on multiple counts of securities fraud for a long-running $16 million market manipulation scheme, the U.S. Justice ...
Watered stock is an asset with an artificially-inflated value. [1] The term most commonly refers to a form of securities fraud in which a company issues stock to someone before receiving at least the par value in payment. [2] Historically, stock watering was prevalent in the 19th century rail industry in the United States. [3] [4] [5]
Crawford’s accounts, his guilty plea admits, had been closed for over two months for suspected fraud. A.M. agreed to let Ryan Brody Crawford trade stocks for a 5% commission and wired Crawford ...