Crypto Scams Are Top Threat to Retail Investors, Regulators Say | #socialmedia

Jan. 11, 2022, 3:29 PM

Investments tied to cryptocurrencies and digital assets are by far the biggest threats facing individual investors in 2022, according to an annual survey of securities regulators by the North American Securities Administrators Association.

Fraud offerings tied to promissory notes, money scams offered over the internet and social media, and frauds involving self-directed individual retirement accounts filled out the NASAA’s list of the top-four threats to the financial health of retail investors.

“Before you jump into the crypto craze, be mindful that cryptocurrencies and other related financial products may be nothing more than public facing fronts for Ponzi schemes and other …

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