If you have ever thought that "I can buy penny stock online" ... think that thought. There are tons of scams, fraud and spam going into the wild world of stock trading, but more specifically dealing with penny stocks. To give you an idea of how much rubbish is being peddled online (as it applies to penny stocks), a study done at Oxford University found that 15% of all spam was related to penny stock fraud.
I'm not here to say "do not buy penny stock online !"... I just wanted to let you know of a fraud / spam / scams that make the rounds at the moment. The whole key to buying online is finding a credible source of information. In any case ...
One of the largest fraud schemes known as selling goes, "chop stocks". Chop stocks are stocks purchased for pennies and then sold for a dollar ... This gives brokers and stock promoters insane profits per share. When this kind of thing happens brokers are paid under the table to sell shares ... super shady things.
One of the largest fraud schemes known as selling goes, "chop stocks". Chop stocks are stocks purchased for pennies and then sold for a dollar ... This gives brokers and stock promoters insane profits per share. When this kind of thing happens brokers are paid under the table to sell shares ... super shady things.
...Pump and dump schemes are usually promoted via e-mail spam, but you'll also find people to work on online message boards / foruma.Isto a survey that showed 15% of all spam was related to penny stock fraud found that people who responded to the scam lost 8% of their capital / investment in just 2 days ... In the meantime, spammers will see a return of between 4.9% and 6% of the sale. Not cool ...
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