How to Avoid Penny Pumpers
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By Greg Guenthner
Posted May 29, 2014
“Spam messages hyping penny stocks are multiplying, accounting for 16% of unwanted email in 2013, up from less than 1% the year before,” MarketWatch reports. “Regulators also charged five penny-stock promoters last week for schemes to inflate share prices to feign market interest, including two cases that involved plans to send email blasts.” Yes, the pump and dump schemers are out in full-force—and they’re coming for you. Greg Guenthner explains…