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 PFRDA Sets Up Panel for NPS Assured Payouts Framework
- 2 Government Notifies Coking Coal as Critical & Strategic Mineral
- 3 Steel Slag: Transforming Industrial Waste into a Strategic Resource
- 4 India Energy Week 2026
- 5 Strategic Roadmap for a Globally Integrated Food Processing Sector
- 6 RBI’s Revised Guidelines on Priority Sector Lending
- 7 Reserve Bank - Integrated Ombudsman Scheme, 2026
- 8 Tax Residency Certificate (TRC)
- 9 'Tex-RAMPS' Scheme
- 10 A Decade of Startup India: Scaling Innovation; Shaping India’s Growth Story
