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ASIC Issues Warning as Pump and Dump Scammers Put Regulators on High Alert
The Australian Securities and Investments Commission (ASIC) has issued an alert regarding market manipulation, noting that pump and dump scammers have put regulators on high alert.
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The Australian Securities and Investments Commission (ASIC) has issued a regulatory notice warning that pump and dump scammers have put financial regulators on high alert.
In media release 25-316MR, the Australian financial regulator highlighted the growing concern surrounding organized market manipulation schemes.
Pump and dump operations typically involve bad actors artificially inflating the price of an asset through misleading promotion before selling off their positions at the peak, leaving regular investors with severe losses. Investors are urged to stay vigilant against unsolicited investment tips and to consult official regulatory registers before trading.