[2017-08-29]SEC Warning Investors About Potential Scams

Initial coin offerings or ICOs has drawn a lot of media attention becoming more and more popular among developers, businesses, and individual investors, who use it as a means of crowdfunding.

It’s needless to say, that ICO may provide both fair and lawful investment opportunities, and create situations in which untrustworthy companies manipulate the price of the company’s common stock publicly announcing ICO or ICO-related events. That’s why The SEC’s Office of Investor Education and Advocacy is warning investors about potential frauds involving stock of companies engaged in ICOs. Fraudsters may try to use new and emerging technologies as a kind of bait to convince potential investors to give their money. These frauds often include market manipulation schemes or “pump-and-dump” carried out by publicly traded companies that claim to develop and launch these new technologies.

https://www.coinspeaker.com/2017/08/29/sec-warning-investors-potential-scams-involving-public-companies-icos/

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