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 |
| SEBI v. Hanif Shekh and others (price and volume manipulation in five scrips, Mauria Udyog and others, 2026) | SEBI (India) | 2026-06-30 | Matched Orders , Pump And Dump +1 | — | judgment |
| SEC v. Geoffrey Allen Wall (pump and dump, 2026) | SEC | 2026-04-09 | Pump And Dump | — | judgment |
| SEC v. Mark A. Miller, Saeid Jaberian and Christopher J. Rajkaran (pump and dump, 2026) | SEC | 2026-01-27 | Pump And Dump | — | judgment |
| SEBI v. Paresh Nathalal Chauhan (Timbor Home bulk-SMS share scheme, remand order, 2025) | SEBI (India) | 2025-12-31 | Price Manipulation , Pump And Dump | — | judgment |