Pump-and-dump scammers shill 'China' stocks

Wednesday, 25 April 2007, 12:00 AM EST

Securities regulators yesterday warned investors of new e-mail, fax and text message pump-and-dump scams that shill "China" stocks but are actually plugging shares from companies that do little or no actual business in that nation.

The National Association of Securities Dealers (NASD), the brokerage business' self-regulating organization, issued an alert that cautioned of schemes touting low-priced shares.

At Computerworld.

[ Read more ]




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