Stock spammers are looking for new clients in Europe – and are using spam to advertise their own services. 


Recent moves in the US to clamp down on stock spam – especially where phishing and fraud go hand-in-hand with it – may be forcing a move to new markets, says Chris Barton, writing on the McAfee Avert Labs blog.
A recent case in the US found that three men were luring potential investors on to a bogus site and then harvesting their personal information.
They would then buy stocks via their own brokerages and use the phishing victims' information to buy quantities of those stocks in the victims' names – and using their funds.
Once this activity had pushed the price up, they would sell their own "legitimate" stocks.
Now the US Securities & Exchange Commission is starting to clamp down on these activities, and a new spam message has appeared, soliciting new clients in Europe.
The message, in flawed English, introduces the organisation as a "stock advancement company" that promotes stocks via "pile email advertising".
The advertisement promises to increase the share price by between 60% and 200% while increasing the trading range 10-fold.
Payment is 10% of the daily volume.