Regulatory Alerts2025-12-22
ASIC warns of rising pump and dump scams targeting Australian investors
The Australian Securities and Investments Commission (ASIC) has issued a public warning regarding a surge in coordinated pump and dump schemes targeting retail investors, particularly ahead of the holiday period. The regulator highlights that scammers are increasingly using sophisticated tactics such as hacking brokerage accounts, exploiting cross-border regulatory gaps, and fraudulently impersonating celebrities to lure victims into buying thinly traded stocks. ASIC emphasizes its commitment to enforcing market integrity through real-time surveillance and international cooperation, while urging investors to verify investment facts and report suspicious activities to authorities like Scamwatch.
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