Press "Enter" to skip to content

How to prevent purchases of false cryptocurrencies

The National Commission of Stock Exchanges of the United States (SEC) Launches its own ICO.

The page created by the SEC is HOWEYCOINS.com and this website is completely false, this positive initiative of the US stock market seeks that investors in the initial offers of digital currencies are not deceived.

So far they found more than 1000 platforms that are completely false, and that all they are looking for is to deceive the small and medium investor.

From the false Web we can find data to avoid being scammed. The Web also provides similar features that these pages have to alert the investor.

Some of the tips on the scam platforms or web are:

Each investment carries a certain degree of risk, which is reflected in the rate of return you can expect to receive. High returns imply high risks, possibly including a total loss of investments. Most scammers spend a lot of time trying to convince investors that extremely high returns are “guaranteed” or “can not be lost.”

Celebrities, from movie stars to professional athletes, can be found on television, radio and social media supporting a wide variety of products and services, which sometimes include cryptocurrencies and coin offers. The endorsement of a celebrity does not mean that an investment is legitimate or that it is appropriate for all investors. It is never a good idea to make an investment decision just because someone famous says that a product or service is a good investment.

The SEC staff is concerned that many online trading platforms appear to investors as regulated markets and registered by the SEC when they are not. Many platforms refer to themselves as “exchanges”, which may give the wrong impression to investors that they are regulated or comply with the regulatory standards of a national stock exchange. While some of these platforms claim to use strict standards to select only high quality digital assets to market, the SEC does not review these standards or the digital assets selected by the platforms.

In a pumping and unloading scheme, scammers typically spread false or misleading information to create a shopping frenzy that will “increase” the price of an action and then “pull” stock shares by selling their own shares at the inflated price. Once the scammers dump their shares and stop exaggerating the stock, the stock price generally goes down and the investors lose money.

The SEC website to prevent purchases of false cryptocurrencies is investor.gov

The fake Web of the SEC to prevent is Howeycoins

Comments are closed.