Thank goodness for Kiplinger! This posting is a quick video from Kiplinger’s personal finance on “Pump and Dump” stock schemes. The video is a brief but thorough explanation of how the stock scam works. It also provides a good discussion of the legality of the scam and how the scheme manifests itself today.
If you are into stocks but want to avoid getting ripped off, definitely watch the video.
For tips on avoiding pump and dump scams, surf on over to the SEC’s webpage.
Best,
James
DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've both been up to our eyeballs in debt and have made tons of financial mistakes. However, we've both successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
