What is a pump-and-dump schemeThis is not the first time when retail investors were tricked into the pump-and-dump scheme. “Pump-and-dump is not a new phenomenon, earlier it was done through word-of-mouth, now social media is used to peddle fake advice. One can validate the genuineness of the advisor by cross-validating the presence and reviews on other social media platforms or search. What is a pump-and-dump scheme This is not the first time when retail investors were tricked into the pump-and-dump scheme. “Pump-and-dump is not a new phenomenon, earlier it was done through word-of-mouth, now social media is used to peddle fake advice.

Source: Indian Express March 06, 2023 20:39 UTC