I hope my readers are aware of the many potential abuses in the financial markets, and therefore either use a qualified financial advisor and/or do their own due diligence before investing or trading. Given the newness of the web medium, it can be prudent to err on the side of caution with "hot" news and tips. Recently NASD regulators to better educator investors about the potential for electronic fraud have written a brochure offering advice on how to surf the Internet safely. "While much on-line chatter is aboveboard", Ms. Schapiro, president of NASD Regulation advises investors to be aware they could "be looking at the work of a corporate insider, stock promoter or short-seller using an alias to deceive the unsuspecting or to manipulate the market! It is absolutely critical for investors to understand that information and messages posted anonymously online should be viewed with caution and a healthy dose of skepticism."
To learn more or report suspected fraud, please visit the following websites:
NASD on WHAT INVESTORS SHOULD KNOW
SEC on CYBERFRAUD
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