SEC warns of investment scams that start with a simple text
- —Scams typically start with a text message or direct message
- —Scammers build fake friendships before pitching investments
- —Victims are left without recourse once scammers vanish
- —SEC urges investors to stay vigilant and do due diligence
Why it matters: The alert highlights growing fraud risk for retail investors as crypto market volatility makes fake opportunities more convincing.
Source: Coinfomania