How do pump and dump schemes in the stock market keep happening?

Discussion in 'Legal Issues' started by kipdlid, Dec 30, 2013.

  1. #1
    I am very surprised by the fact that people on the internet with sites like awesomepennystocks.com are able to continue pumping stocks up through their newsletter and website. This is clearly illegal but why doesn't anyone do anything about it?
     
    kipdlid, Dec 30, 2013 IP
  2. dir18

    dir18 Active Member

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    #2
    Maybe no one complain against this site and also I don't think there is any rule against pump n dump scheme.
     
    dir18, Dec 30, 2013 IP
  3. kipdlid

    kipdlid Member

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    #3
    Well their are definitely laws against manipulating stock prices in the United States and many other countries. I guess with so few people willing to talk about it maybe the government doesn't want to press charges to people.
     
    kipdlid, Dec 30, 2013 IP