Suppose I regularly profit from other people's pump and dump scams (assume that this is possible). I don't organize these scams (they are illegal); I merely hop on and hop off at the right times (assume that this is possible). If I am regularly profiting from pump and dump scams, will I get investigated by the SEC for market manipulation? Is there a chance of going to jail? I understand that buying into a pump and dump may be considered unethical even if not illegal, but here I'm asking about regulations rather than morals.
(I don't intend to buy into a pump and dump. I am just curious about the regulations.)