Financial Crime World

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FINRA Cracks Down on Ramp-and-Dump Schemes

Washington D.C. - The Financial Industry Regulatory Authority (FINRA) is taking a tough stance against ramp-and-dump schemes, which have been plaguing the financial markets.

Ramp-and-dump schemes involve fraudulent activities where manipulative traders artificially inflate the price of a security, only to dump it on unsuspecting investors at inflated prices. This type of scheme can cause significant losses for individual and institutional investors alike.

FINRA’s Efforts to Combat Ramp-and-Dump Schemes

FINRA’s Financial Intelligence Unit (FIU) has been working tirelessly to identify and disrupt these types of schemes. According to Blake Snyder, Director of FINRA’s FIU, “Our team is dedicated to staying ahead of the curve and identifying emerging threats in the financial markets.”

Staying Ahead of Ramp-and-Dump Schemes

To combat ramp-and-dump schemes, FINRA is working closely with its member firms to educate them on the warning signs of these schemes. They are also sharing intelligence with other regulatory agencies and law enforcement to ensure that they are taking a comprehensive approach to addressing this issue.

Best Practices and Mitigation Strategies

To help investors stay ahead of ramp-and-dump schemes, FINRA has developed several best practices and mitigation strategies:

  • Be aware of unusual trading patterns or price movements in a security
  • Monitor social media and online forums for fraudulent activity
  • Conduct thorough due diligence on any investment opportunity
  • Report suspicious activity to FINRA’s FIU

Staying Informed

To stay up-to-date on the latest intelligence from FINRA’s FIU, investors can:

  • Subscribe to FINRA Unscripted, a podcast that provides insights into the latest regulatory issues affecting the financial markets
  • Follow FINRA on social media for the latest news and updates
  • Contact FINRA’s FIU with any questions or concerns about ramp-and-dump schemes

Conclusion

By staying informed and vigilant, investors can help protect themselves from fraudulent activities and maintain confidence in the financial markets.