Pump and dump
A pump and dump is a scheme in which shares are accumulated cheaply, promoted with misleading enthusiasm to drive the price up, and then sold into the demand the promotion created, leaving later buyers with the losses.
Where does pump and dump come up?
This term is used in the following manipulation techniques, each explained in full on its own page.
Enforcement actions involving these techniques
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Michael J. Forster (pump and dump, 2026) | SEC | 2026-07-15 | Pump And Dump | — | judgment |
| SEC v. George John Drazenovic, CPA (pump and dump, 2026) | SEC | 2026-04-20 | Pump And Dump | — | judgment |
| SEC v. Geoffrey Allen Wall (pump and dump, 2026) | SEC | 2026-04-09 | Pump And Dump | — | judgment |
| SEC v. Canaccord Genuity LLC (marking the close, 2026) | SEC | 2026-03-06 | Marking The Close , Marking The Open +2 | — | settled |
| SEC v. Saeid Jaberian (pump and dump, 2026) | SEC | 2026-01-27 | Pump And Dump | — | judgment |