U.S. IPO price pops prompt fraud and ‘pig butchering’ warnings
Written by Black Hot Fire Network on November 17, 2022
NEW YORK, Nov 17 (Reuters) - U.S. exchanges and Wall Street's top cop on Thursday warned about a heightened threat of fraud mostly involving the initial public offerings of small companies, driven in part by a social media-driven pump-and-dump scheme called "pig butchering."