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> "Pump[ing]" by buying something is entirely legal. I beg to differ. The Securities and Exchanges Act of 1934 criminalizes all sorts of things that are deeme
by TomSwirly 5y ago
> "Pump[ing]" by buying something is entirely legal.
I beg to differ. The Securities and Exchanges Act of 1934 criminalizes all sorts of things that are deemed market manipulation, and inflating the price of a security by false trading, i.e. selling it to yourself or a conspirator, is one of the very things it was created to prohibit.