IDEAS home Printed from https://ideas.repec.org/a/pmu/oecono/v1y2025p51-58.html

Fraudulent Practices in Trading Financial Instruments on Capital Markets

Author

Listed:
  • Ioan Ovidiu SPĂTĂCEAN

    (University of Medicine, Pharmacy, Sciences and Technology “George Emil Palade” Târgu Mureș, Romania)

  • Elena-Mădălina ȚEPEȘ

    (Golgring SA, Investment company, Târgu Mureș, Targu Mures,540014, Romania)

Abstract

The paper analyzes abusive and fraudulent practices encountered on the Romanian capital market, emphasizing their impact on investors and their trust in the market. The main types of financial fraud are presented, ranging from insider trading and Ponzi schemes to recent digital frauds. The comparative case study between the traditional Harinvest fraud and digital frauds reveals significant differences in mechanism, scope, and detection difficulty. Moreover, through a questionnaire applied to investors, the study evaluates the level of awareness regarding fraud risk and the role of financial education. The results indicate major vulnerabilities, but also opportunities for strengthening protection measures.

Suggested Citation

  • Ioan Ovidiu SPĂTĂCEAN & Elena-Mădălina ȚEPEȘ, 2025. "Fraudulent Practices in Trading Financial Instruments on Capital Markets," Acta Marisiensis. Series Oeconomica, "George Emil Palade" University of Medicine, Pharmacy, Sciences and Technology of Târgu-Mureș, România - Faculty of Economics and Law, vol. 1, pages 51-58, December.
    • Handle: RePEc:pmu:oecono:v:1:y:2025:p:51-58
    as

    Download full text from publisher

    File URL: https://oeconomica.umfst.ro/images/oeco2025/5_Spatacean_Tepes.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pmu:oecono:v:1:y:2025:p:51-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ion Cozac (email available below). General contact details of provider: https://edirc.repec.org/data/feuttro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.