SC warns investors over ‘pump and dump’ schemes

  • Markets
  • Wednesday, 21 Mar 2018

KUALA LUMPUR: The Securities Commission Malaysia (SC) has warned investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes.

In a statement, the SC said perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the intention to spur interest in the shares in order to drive up its price.

Markets , SC