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Investor Alert: SEC Warns of Crypto Asset Securities Scams
Summary: On July 18, 2024, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), issued an investor alert on Twitter, warning about five ways fraudsters may lure victims into scams involving crypto asset securities. According to the SEC, scammers often use emerging technologies like cryptocurrency to perpetrate investment scams. The alert, detailed on Investor.gov, ...
On July 18, 2024, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), issued an investor alert on Twitter, warning about five ways fraudsters may lure victims into scams involving crypto asset securities. According to the SEC, scammers often use emerging technologies like cryptocurrency to perpetrate investment scams.
The alert, detailed on Investor.gov, outlines common types of crypto scams:
1.Promises of High Returns with Little Risk. 2.Unlicensed Sellers. 3. Fake Testimonials and Endorsements. 4.Manipulative Trading Tactics. 5.Phishing Scams
Tags: crypto investors,Crypto Scams,Gary Gensler,SEC Chairman,Securities and Exchange Commssion
Link: Investor Alert: SEC Warns of Crypto Asset Securities Scams [Copy]
