Re: Pump and Dump

Andy wrote:
> 
> 1. Is P&D actually illegal or is it a case of 'caveat emptor'?

Illegal. See http://www.investopedia.com/ask/answers/05/061205.asp

> 2. If it is illegal then where would you make a report? Given that there
> appear to be only 39 possible beneficiaries in this company it shouldn't be
> too hard to trace the scammer.

The conventional wisdom seems to be that investors, NOT the owners of 
the small or microcap company themselves, buy up penny stocks creating 
an artificial demand through spam, raising the stock's price for a very 
short period. At which time those investors obviously sell.