We know who to report for blatant pumping and trying to pump...

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TooMuchMoney

35 Posts.

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31/01/24

10:33

Post #: 72152594
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Originally posted by Navarone: ↑

"**riel Govinda (known online as ‘Fibonarchery’) has been sentenced to two and a half years imprisonment to be released immediately on a 5 year recognisance in the amount of $5,000 and fined $42,840 after pleading guilty to 23 charges of manipulation of shares listed on the Australian Securities Exchange and 19 charges of illegal dissemination of information relating to the manipulation.

The Court considered Mr Govinda’s posts on HotCopper about his market manipulation activity to be a breach of s1041D of the Corporations Act. This is the first time a person has been sentenced under this provision."

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-116mr-**riel-govinda-sentenced-to-two-and-a-half-years-imprisonment-and-fined-for-market-manipulation-and-finfluencer-conduct/

And just for you roach:
"ASIC has recently observed blatant attempts to pump share prices, using posts on social media to announce a target stock, a designated time to buy and a target price or percentage gain to be reached before dumping the shares. In some cases, posts on social media forums may mislead subscribers by suggesting the activity is legal.
ASIC expects participants to promptly submit suspicious activity reports where they see this type of pump and dump activity. Investors and consumers are also encouraged to report misconduct to ASIC."

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We know who to report for blatant pumping and trying to pump unrealistic share price of $2.40....

IVZ Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.6¢		Change -0.001(1.49%)		Mkt cap ! $100.0M

Open	High	Low	Value	Volume
6.6¢	6.6¢	6.5¢	$6.081K	92.39K

Buyers (Bids)

No.	Vol.	Price($)
1	3382	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	138139	4

View Market Depth

No.	Vol.	Price($)
3	272005	0.065
2	194792	0.064
5	425111	0.063
3	479487	0.062
4	800099	0.061

Price($)	Vol.	No.
0.067	138139	4
0.068	92728	2
0.069	161700	2
0.071	150000	1
0.073	15000	1

Last trade - 15.54pm 06/11/2024 (20 minute delay)

IVZ (ASX) Chart

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We know who to report for blatant pumping and trying to pump...

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