{"id":4828,"date":"2017-12-22T14:41:32","date_gmt":"2017-12-22T20:41:32","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4777"},"modified":"2022-03-22T15:45:35","modified_gmt":"2022-03-22T20:45:35","slug":"finra-warns-cryptocurrency-related-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-warns-cryptocurrency-related-fraud\/","title":{"rendered":"FINRA Warns About Cryptocurrency Related-Fraud"},"content":{"rendered":"

\t\t\t\tThe Financial Industry Regulatory Authority is warning investors interested in buying shares in companies touting potentially high returns related to cryptocurrency-related activities, but that are unable to \u201cback up such claims,\u201d to be on the lookout for potential financial fraud<\/a>.<\/p>\n

The self-regulatory organization provided a number of \u201ctips\u201d for avoiding a stock scam involving cryptocurrencies, including:<\/em>
\n\u2022\tConduct your own research before making any investments.
\n\u2022\tWatch out for \u201cunrealistic predictions\u201d or claims of results even if they are published online or issued via press release.
\n\u2022\tBe wary of \u201caggressive\u201d cold caller-sourced solicitations, especially if the stocks being recommended are \u201cvery low-priced.\u201d
\n\u2022\tBe careful of anyone promising guaranteed or specific returns.
\n\u2022\tConsider \u201cpushy sales pitches\u201d or pressure to \u201cact now\u201d mandates to be red flags.
\n\u2022\tCheck FINRA\u2019s BrokerCheck to see if the representative or firm is registered or to find out of they have been sanctioned for any alleged violations in the past.
\n\u2022\tLook at the Securities and Exchange Commission\u2019s Edgar database to see if the company that is selling the stock has submitted filings with the regulator. That said, registration of a security with the SEC is no guarantee that the investment is a good one.
\n\u2022\tWatch out for stocks that see big price jumps because fraud or stock rigging may be involved.<\/p>\n

Already, the US Securities and Exchange Commission has suspended trading in different securities over uncertainties regarding the accuracy of activities related to cryptocurrencies. Just this week, the regulator temporarily halted trading in shares of The Crypto Co. after its stock price increased by over 2,700 this month amidst concerns about \u201cpotentially manipulative transactions\u201d and the \u201caccuracy and adequacy of information\u201d provided to investors and regulators.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority is warning investors interested in buying shares in companies touting potentially high returns related to cryptocurrency-related activities, but that are unable to \u201cback up such claims,\u201d to be on the lookout for potential financial fraud. The self-regulatory organization provided a number of \u201ctips\u201d for avoiding a stock scam involving cryptocurrencies, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4828","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nFINRA Warns About Cryptocurrency Related-Fraud — Investor Lawyers Blog — December 22, 2017<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority is warning investors interested in buying shares in companies touting potentially high returns related to — December 22, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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