Tag: Jordan Belfort

The U.S. SEC is already looking into the GameStop scheme currently performed. The German and UK regulators BaFin and FCA, too, warned against it and similar stock schemes. On the other hand, celebrities like Elon Musk seem to endorse these new stock games driven by online boiler rooms on Reddit or Telegram and online trading platforms and apps like eToro, Robin Hood, Interactive Brokers, or Kraken. Social media-based market manipulation or the next generation trading approach, that's the question. Anyway, it's scammers' paradise.

History shows that  - whenever possible - people find means to defraud and enrich themselves at the expense of...