The SEC strikes back on Pump-and-Dump

As I described in Where have you gone Aleksey Kamardin the Pump-and-Dump trading fraud appears on the rise. Well the long arm of the SEC has gotten just a bit longer in an attempt to halt this overseas attach on our trading systems.

The Securities and Exchange Commission announced March 7 it has won an emergency court order to freeze assets in a Latvian-based bank's trading account that was being used in a high-tech market manipulation scheme.

More on this can be found at Security Watch.