The Securities and Exchange Commission has been cracking down on boiler rooms like the ones portrayed in The Wolf of Wall Street, but the combination of high risk and a low stock price is still too tempting for many people to resist and scammers are evolving their tactics. Spam email touting penny stocks jumped from less than 1% of unwanted email in 2012 to 16% last year, replacing the hard sale cold calls that pump and dump schemes are best known for, reports Priya Anand for MarketWatch. Penny stock spam follows a familiar pattern Like most spam email campaigns, hackers…
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