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FINRA: BEWARE OF CRYPTOCURRENCY SCHEMES
01/12/2018

The Financial Industry Regulatory Authority (FINRA) recently issued an investor alert warning investors to be cautious when considering the purchase of shares of companies that tout the potential of high returns associated with cryptocurrency-related activities without the business fundamentals and transparent financial reporting to back up such claims. Do your research before purchasing shares of any company offering investment opportunities in cryptocurrency. And don’t be fooled by unrealistic predictions of returns and claims made through press releases, spam email, telemarketing calls or posted online or in social media threads. These actions may be signs of a classic "pump and dump" fraud. The SEC suspended trading in a number of securities due to questions regarding the accuracy of cryptocurrency-related activities … HIGHLIGHTED EVENT:Want to learn more about investing? Attend an AAII Local Chapter Meeting near you

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