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Acta Marisiensis. Seria Oeconomica |
 |  |
2025
Fraudulent Practices in Trading Financial Instruments on Capital Markets
Ioan Ovidiu SPĂTĂCEAN, Elena-Mădălina ȚEPEȘ
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.
DOI: https://doi.org/10.62838/amso-2025-0005
Pages: 51-58
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