Sebi flags ‘pump & dump’ risk amid SME IPO frenzy – Times of India
MUMBAI: Markets regulator Sebi on Wednesday cautioned investors about proliferation of unscrupulous promoters in the small & medium enterprises space. Such promoters, after listing their companies, resort to illegal means to paint a rosy picture about their businesses, pump up stock prices to attract investors and then exit. Sebi asked investors not to put their…