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Pump and Dump Schemes

Unfortunately Pump and Dump Stock Frauds are Quite Common

Pump and dump is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. These schemes often involve fraudulent sales practices, including high pressure tactics from “boiler room” operations where a small army of sales personnel cold call potential investors using scripts to induce them to purchase stock. The information conveyed to investors often is at best exaggerated and at worst completely fabricated.

The Internet is Increasing the Number of Pump and Dump Stock Frauds

With the advent of the internet, this illegal practice has become even more prevalent, with these stocks are being touted on the internet by unregistered promoters. The promoters of these companies typically hold large amounts of stock and make substantial profits when the stock price rises following intense promotional efforts. Once the price rises, the promoters, insider and brokers sell, realizing their profits.

To help us evaluate your chances for a successful recovery for a “Pump and Dump Scheme” we offer a free and confidential claim evaluation.

Client Reviews
Howard Rosenfield is truly a life saver. After months of working with my financial advisor, I found out he was making risky investments without my knowledge. When I discovered how much money I lost, I thought there was nothing I could do. Howard explained all the difficult terms and what exactly my financial advisor did wrong. If it wasn't for Howard, I would never have recovered my losses and would be under extreme financial distress to this day. J.
Howard’s experience and advice throughout this ordeal was invaluable and reassuring. The law in general is complicated, difficult to understand and very personal. Financial misappropriation is even more personal but Howard’s years of experience and calm demeanor helped keep me calm, focused and moving forward. For anyone in need of a knowledgeable and experienced Investment Recovery Attorney I strongly recommend Howard. Laura
I was filled with anxiety and stress when I selected Attorney Howard Rosenfield to represent me. Instantaneously, I felt comfortable and at ease. Attorney Rosenfield listens attentively to the facts and asks questions and competently reiterates and verifies the accuracy and completeness of my statements. Perseverance, trustworthy and superb legal and communication skills mark Attorney Rosenfield to be one of the best in his field of law. Helen