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IStock / City Presse

Miracle investment offers abound everywhere, both on the Internet and by telephone.

Everything is good to bait the barge and persuade him to invest his savings in such or such improbable product.

While the Autorité des marchés financiers (AMF), the gendarme of the sector, regularly warns the public against questionable investments, it has focused this summer on the fraudulent practice of the kettle.

Manipulating the Stock Exchange

Under the guise of selling you securities, this aggressive trading technique is actually aimed at manipulating stock prices.

Individuals are approached by a so-called brokerage or asset management company that will develop a shocking argument to convince them to buy these shares.

Of course, the proposed investment promises tremendous return potential.

Except that the information provided is false or misleading.

In general, the professional does not have the necessary authorizations to intervene.

Worse, this is an entity which itself owns large quantities of the shares concerned, or which acts on behalf of a client, and wishes to sell them.

To sell them at the best price, it therefore encourages savers to invest in this asset in order to drive up the stock market price.

The pictorial term of the kettle also refers to this artificial rise.

But once this selling activity ceases, the price of the relevant security drops sharply, to the chagrin of cheated investors.

Stay vigilant

For nearly two years, the AMF has been monitoring several suspicious buy recommendations on shares listed on Euronext Access (an unregulated market segment mainly used by SMEs).

However, its investigations led it to identify certain acts as being liable to constitute criminal offenses of fraud and money laundering.

In July 2020, the sector gendarme therefore announced that he had transmitted two investigation files relating to the Orclass and Arthur Maury securities to the National Financial Prosecutor's Office.

Beyond the potential criminal proceedings that could be initiated, the Autorité des marchés financiers calls on savers to be extremely vigilant.

Before investing your savings on an unlikely product, remember that there is never a high return without a high risk and that any financial intermediary must be registered to exercise.

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  • Saving

  • Scam

  • Economy

  • Money

  • Fraud

  • stock Exchange