pump-and-dump

pump-and-dump definition - finance
A scam in which a trader, broker, or other self-interested party promotes shares in a stock as a good purchase. While the person is heavily encouraging others to buy shares, he is secretly selling them on the market. The pump-and-dump practice is illegal.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.