Business
After WallStreetBets frenzy, Australia’s securities regulator steps up scrutiny of trading forums – CNBC
Australia’s securities regulator has contacted internet share trading forums to question them about policing of “pump and dump” scams on their platforms.
A man is reflected on a window of the Australian Securities Exchange building on November 10, 2016 in Sydney, Australia.
Australia’s securities regulator has contacted internet share trading forums to question them about policing of “pump and dump” scams on their platforms, a sign of growing scrutiny of an investmentsubculture that soared during pandemic lockdowns.
The Australian Securities and Investments Commission (ASIC) told Reuters it has boosted surveillance of local retail trading internet…
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