The SEC warns of the risks of cryptocurrency and emerging technology investment scams
The Securities Exchange Commission (SEC) has sounded the alarm about the growing risk of cryptocurrency fraud and other investment frauds during World Investor Week 2024. Investors are struggling to find solid advice in the context of rising artificial intelligence, social media, and aggressive financial marketing influences. The Securities Exchange Commission is focusing on scams involving cryptocurrency, financial inducement, and "relationship" scams, and warning that the hype surrounding emerging technologies could mislead unsuspecting individuals.