What is Pump and Dump in Stock Trading?

Remember Jordan Belfort, of the blockbuster finance movie of all time, The Wolf of Wall Street, who swindled investors out of millions of dollars in a stock selling fraud scheme at his brokerage firm, Stratton Oakmont? The scheme caught up with him and he was prosecuted and jailed for 2 years. He was also forced to pay back over $100 …

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