While social media can provide many benefits for investors, it also presents opportunities for fraudsters. Social media, and the Internet generally, offer a number of attributes criminals may find attractive. Social media lets fraudsters contact many different people at a relatively low cost. It is also easy to create a site, account, email, direct message, or webpage that looks and feels legitimate – and that feeling of legitimacy gives criminals a better chance to convince you to send them your money. Finally, it can be difficult to track down the true account holders that use social media. That potential for anonymity can make it harder for fraudsters to be held accountable. As a result, investors need to use caution when using social media when considering an investment."
Details at: http://investor.gov/news-alerts/investor-alerts/investor-alert-social-media-investing-avoiding-fraud
Social Media and Investing -- Avoiding Fraud
Reviewed by Pisstol Aer
Published :
Rating : 4.5
Published :
Rating : 4.5