Editing Pump and dump (section)

====Stratton Oakmont====
In the early 1990s, the penny-stock brokerage [[Stratton Oakmont]] artificially inflated the price of owned stock through false and misleading positive statements in order to sell the cheaply purchased stock at a higher price.<ref>{{cite journal |last=Mulligan |first=Thomas S. |title=Investor Wins $10 Million in Penny-Stock Broker Case |url=https://www.latimes.com/archives/la-xpm-1997-04-17-fi-49501-story.html |journal=Los Angeles Times |date =April 17, 1997|access-date= 11 January 2015 }}</ref> Firm co-founder [[Jordan Belfort]] was criminally convicted for applying the scheme. He later turned his story into a memoir, [[The Wolf of Wall Street (book)|''The Wolf of Wall Street'']], which was later adapted into an [[Academy Awards|Academy Award]]–nominated [[The Wolf of Wall Street (2013 film)|film of the same name]].