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kiy

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Alias Born 08/19/2010

kiy

Re: None

Wednesday, 04/18/2018 5:48:22 PM

Wednesday, April 18, 2018 5:48:22 PM

Post# of 426
Pump-and-Dump Scam https://finance.yahoo.com/news/penny-stocks-5-ways-spot-pump-dump-scam-140000088.html
"Hints or promises of high returns, with little or no risk, are classic warning signs of fraud," says the Financial Industry Regulatory Authority (FINRA) on its website. It's one of three penny stock warning signs FINRA lists on its website.
If there's a broker or brokerage firm selling penny stocks that isn't registered. Oftentimes, there isn't anyone even close to resembling a broker trying to get you in on the penny stock in question. But sometimes there is, and that can be part of the allure that makes the opportunity seem legitimate.
"If the firm or individual is not registered, or if a registered firm or individual is trying to sell you an unregistered penny stock, contact FINRA," the agency says.
Legally, people (and firms) aren't allowed to give investment advice or sell securities without certain licenses and registrations. You can check by using FINRA's BrokerCheck website to search for the party in question.

What is a Pump-and-Dump Scam

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