Chat Forum Pump & Dump Schemes on ASIC Radar

Dale Gillham, Chief Analyst and Head Trainer of Wealth Within

Published 28 June 2022 | By Dale Gillham

In this week’s podcast, Dale discusses how ASIC recently charged an individual for market manipulation after using social media chat forums to pump and dump stocks. ASIC has turned its attention to individuals using social media to either ramp up stocks or provide financial advice, as many individuals are falling victim to their poor advice or illegal profiteering.

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