The Financial Industry Regulatory Authority, better known as FINRA, will be hosting a free hour-long … [+]
FINRA
During the COVID-19 lockdown many people started investing in stocks and cryptocurrencies for the first time. Online trading app Robinhood claimed it opened three million new accounts on its platform at the height of the coronavirus pandemic, and half those investors were first-timers. It opened an additional 9.5 million last year. Not surprisingly, many of them lost money due to fraud or their own ignorance.
“Scammers are cashing in on the buzz around cryptocurrency and luring people into bogus investment opportunities in record numbers,” said the Federal Trade Commission (FTC) in a report. In February, the FTC said consumers reported more than $5.8 billion lost to fraud in 2021, a 70% increase over the previous year.
So, if you’ve ever wondered if that new cryptocurrency or non-fungible token (NFT) about the hit the market is a scam, or if that hot MEME stock being promoted on an Internet message board is legit, then you should attend a live webinar this week that will discuss how new investors can avoid many common investing pitfalls.
The Financial Industry Regulatory Authority, better known as FINRA, will be hosting a free hour-long virtual event “Funding Your Future: Tips for Smarter Investing” at noon on Thursday, April 7….
