Pump and Dump Scheme
On June 1st, 2024, the Securities Exchange Board of India’s (SEBI) slapped a fine of Rs 7.75 crore on 11 individuals for allegedly operating a ‘pump and dump’ scheme in the scrip of Svarnim Trade Udyog.
- The pump and dump scheme was operated through recommendations shared through Telegram channels, resulting in public shareholders purchasing the stock at an inflated price.
What is Pump and Dump Scheme?
- In the stock market, a pump and dump scheme is a type of manipulation activity that involves artificially inflating the price of a stock through false and misleading information, only to sell the stock at ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Parliamentary Standing Committee’s Report on Fisheries Sector
- 2 Components of Gold Monetisation Scheme Discontinued
- 3 Changing Dynamics of India’s Remittances
- 4 10 Years of Sagarmala Programme: Powering India’s Maritime Revolution
- 5 Energy Statistics India 2025
- 6 Revised Rashtriya Gokul Mission Approved
- 7 ICRA Report on Indian Municipal Bond Market
- 8 Pashu Aushadhi Initiative
- 9 Samarth Incubation Program
- 10 Electronics Component Manufacturing Scheme