Local News

Local Investor Sounds Alarm on Shady Stocks

(LaPorte, IN) - A local investor is warning the public about what he considers red flags in the stock market. Tim Stabosz says there are some low priced stocks skyrocketing in value, but not

for legitimate reasons.He says some people are promoting certain stocks to lure investors then once driving the price way up they sell. Stabosz says buyers of those stocks jumping in while the prices are rising are left with hefty losses. Stabosz says such rigging of stock prices is illegal and he wouldn’t be surprised to see investigation and possible charges at some point in the future.

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