Articles Tagged with Pump-and-Dump Scam

To All Webull Financial Customers Who Suffered Losses In The Alleged Third Party Pump-and-Dump Explore Your Legal Options With Our Securities Law Firm Today

Shepherd Smith Edwards and Kantas (investorlawyers.com) is continuing to investigate claims of losses by Webull Financial customers whose accounts may have been breached by a third-party in an alleged pump-and-dump scam. Already, we are representing a number of these Claimants in their investment loss recovery claims against this broker-dealer for failing to stop this breach.

These Webull customers allege that an unauthorized third party was able to break through the brokerage firm’s security measures and access these investors’ accounts. The scammers purportedly liquidated these customers’ investment holdings and used the funds to buy penny stock shares of Ten-League International Holdings (TLIH). This artificially inflated the price of those shares. The unknown party is believed to have sold their shares at that higher price. When the stock’s price dropped, the Webull Financial customers sustained serious losses.