In a typical pump and dump scheme, a potential investor receives an email or call promoting or “pumping” an incredible deal on a low-priced stock. However, what investors may not know is that the promoter likely owns much of this stock. As more investors buy shares, the value of the stock skyrockets. Once the share price hits a peak, the scam artist sells or “dumps” their own shares and the value of the stock plummets, leaving investors with worthless shares. Watch the video to learn more about this type of scheme.
About the Alberta Securities Commission (ASC): The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
Visit our websites for more information:
albertasecurities.com or checkfirst.ca