SEC warns of rise in risky email stock schemes | Bangkok Post: news

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SEC warns of rise in risky email stock schemes

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US market regulators warned Wednesday of a rise in spam email and social media-based stock promotions that are actually "pump and dump" schemes aimed at cheating small investors. 

A computer screen inbox displaying unsolicited emails known as "spam" in Hong Kong on March 20, 2009. US market regulators warned Wednesday of a rise in spam email and social media-based stock promotions that are actually "pump and dump" schemes aimed at cheating small investors.

With US share markets powering to record highs in recent months, "email stock spamming is back in high gear," the Securities and Exchange Commission and the Financial Industry Regulatory Authority said in a joint alert.

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