Larby Amirouche Sees Bad Market Lead To Stock Scams
Larby warns that those who are tempted to buy into stocks being touted as the
"next big thing" should save their money. Larby thinks that it is probably a
scam, this according to a recent alert by the Financial Industry Regulatory
Authority. Emails, text messages and message boards are being used to lure
investors into buying shares of small, thinly traded companies. Stocks in these
companies are then sold off by the con artists, leaving investors with worthless
shares. Many of these so-called pump-and-dump scams are focusing on green-energy
investing, including a solar stock being promoted as "set for 200% gain.' Larby
thinks there are some signs, one being that these questionable stocks often
trade on the Over the Counter Bulletin Board or Pink Sheets, loosely regulated
markets for companies that don't meet the listing requirements for a major
exchange. These markets tend to be volatile and are not very liquid.
Larby says that promises of immediate payoffs and pressure to invest immediately
are red flags. Larby knows that there are very few investments that are so time
sensitive that you can't step back and do a little homework before putting your
money down. Larby suggests that you read a company's Securities and Exchange
Commission filings and make sure that any salesperson is licensed and
registered. Read more at larbyamirouche.com
"next big thing" should save their money. Larby thinks that it is probably a
scam, this according to a recent alert by the Financial Industry Regulatory
Authority. Emails, text messages and message boards are being used to lure
investors into buying shares of small, thinly traded companies. Stocks in these
companies are then sold off by the con artists, leaving investors with worthless
shares. Many of these so-called pump-and-dump scams are focusing on green-energy
investing, including a solar stock being promoted as "set for 200% gain.' Larby
thinks there are some signs, one being that these questionable stocks often
trade on the Over the Counter Bulletin Board or Pink Sheets, loosely regulated
markets for companies that don't meet the listing requirements for a major
exchange. These markets tend to be volatile and are not very liquid.
Larby says that promises of immediate payoffs and pressure to invest immediately
are red flags. Larby knows that there are very few investments that are so time
sensitive that you can't step back and do a little homework before putting your
money down. Larby suggests that you read a company's Securities and Exchange
Commission filings and make sure that any salesperson is licensed and
registered. Read more at larbyamirouche.com