Regulators frown down on pumpers-and-dumpers

Regulators frown down on pumpers-and-dumpers
Social media is being used to pump up share prices. (Image: Getty)
David Chaplin
In a sad moment for financial journalists, the Australian Securities Investments Commission (ASIC) lodged civil proceedings against ANZ on Dec 9 last year for an almost three-decade long marketing mishap.For the ANZ case – relating to non-supply of promised bank account benefits to more than 580,000 customers since the mid-1990s – is the last in the long-running ASIC legal series inspired by the Royal Commission into financial services.Established at the end of 2017, the RC filed its final report in February 2019 following a year of...

More Markets

Bulls, bears and analysis …
Opinion

Simon Robertson: Bulls, bears and analysis …

Why price-to-earnings ratios don’t cut it.

Simon Robertson 15 Nov 2025
NZ stocks take Wall Street lead to end down 1%
Markets Market Close

NZ stocks take Wall Street lead to end down 1%

The S&P/NZX 50 Index closed down 133.41 points or 0.98% at 13,464.46.

Jamie Gray 14 Nov 2025
Zoono says it knows no reason for share price surge, halt lifted
Markets

Zoono says it knows no reason for share price surge, halt lifted

A trading halt granted by the ASX to Australian-listed New Zealand antimicrobials manufacturer Zoono on Wednesday after a price query has been lifted after the company said it knew of no reason for its share price soaring.Its share price rose from 0.09c to 0.18c on volumes much h...

Denise McNabb 14 Nov 2025