Antonietta Melchiorre, Philippe Dumaine and Simon Rainville drafted an article appearing in the periodical Développements récents en litiges de valeurs mobilières which has just been published by Éditions Yvon Blais.
Financial fraud can manifest itself in unlimited forms of dishonest schemes, including market manipulation such as “pump and dump.” In their article, the authors aim to expose readers to this specific fraudulent manoeuvre in defining it and circumscribing applicable legislation.
The article presents the typical operation structure, and proceeds to analyse specific examples and explanations of this phenomenon in Quebec and in Canada, in addition to reviewing the penalties in relation thereto.