{"id":4518,"date":"2007-11-01T08:42:45","date_gmt":"2007-11-01T08:42:45","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/11\/finra_cautions_investors_to_wa"},"modified":"2007-11-01T08:42:45","modified_gmt":"2007-11-01T08:42:45","slug":"finra-cautions-investors-to-wa","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-cautions-investors-to-wa\/","title":{"rendered":"FINRA Cautions Investors to Watch Out For \u201cPump-and-Dump Scams\u201d Using Energy Stocks"},"content":{"rendered":"

\t\t\t\tFINRA (Financial Industry Regulatory Authority) is warning investors to look out for “pump-and-dump”<\/a> scams focusing on energy stocks. FINRA says that these scams involve energy stocks that are thinly traded issues from companies that are not well known. <\/p>\n

In the alert that it issued on October 23, FINRA says that the purpose of the scams is to increase a stock’s price using misleading or false statements that create a demand for a company’s shares. The people who “pumped” the stock then sell their shares when the stock price is high enough. Investors are then left with stock that are worthless.<\/p>\n

In one scam, investors were encouraged to invest in a Texas energy company involved in a business deal with a $23 million Chinese oil monopoly. The backers of the scheme told investors that they would receive huge returns if they invested immediately.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

FINRA (Financial Industry Regulatory Authority) is warning investors to look out for “pump-and-dump” scams focusing on energy stocks. FINRA says that these scams involve energy stocks that are thinly traded issues from companies that are not well known. In the alert that it issued on October 23, FINRA says that the purpose of the scams […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739],"tags":[],"class_list":["post-4518","post","type-post","status-publish","format-standard","hentry","category-finra"],"yoast_head":"\nFINRA Cautions Investors to Watch Out For \u201cPump-and-Dump Scams\u201d Using Energy Stocks — Investor Lawyers Blog — November 1, 2007<\/title>\n<meta name=\"description\" content=\"FINRA (Financial Industry Regulatory Authority) is warning investors to look out for "pump-and-dump" scams focusing on energy stocks. 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