‘Pump and dump’ activities under scrutiny


The Securities Commission’s (SC) warning to investors over “pump and dump” scams over the week came about one year after Bursa Malaysia issued the same caution in a circular to the heads of dealing and compliance of stockbroking companies last March.

According to some market observers, warnings about “pump and dump” activities are timely and appropriate, considering the fact that there are now more new investors entering the local equity market.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , pump and dump , stock trading

   

Next In Business News

Malaysia removed from US currency monitoring list
Tengku Zafrul: Longer term pain from US-China rift
Ringgit opens marginally higher against us dollar
Trading ideas: Bumi Armada, MISC, Sunway REIT, MR DIY, Teo Seng, Berjaya Food, LBS Bina
KIP-REIT buys retail asset in Perak
Brighter outlook for MMHE on diversification path
Stronger second half seen for Hap Seng Plantations
Senate probes unauthorised transactions
Vietnam lauds benefits of WTO membership
MISC’s net profit slips to RM339mil in 3Q

Others Also Read