This week, FINRA, the largest self-regulatory agency policing the stock market and officially known as the Financial Industry Regulatory Authority, surprised market participants with a warning on "marijuana stock scams." The press release linked to an "investor alert" that is a cut-and-paste essentially of previous alerts that you can access here. Before the pot-stock warning, FINRA had focused on nutraceutical companies in May, but the language in these alerts has been similar ever since the first alert "Fears of Anthrax and Terrorism Spawning Investment Scams" back in 2001. Clearly, investment scams are a constant but the flavor-of-the-day changes.
I think FINRA does a good service and offers sound advice, even if it is a little late....
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