

(CFTC) is doing good by the Cyrptocurrency by issueing some really great infomation about investing. They go into detail about pumping and dumping. Ever since the SEC hearing with the CFTC I've been a huge supporter of them and why I made this meme of J. Christopher Giancarlo:



Take a look at some of the quotes I'm laying in from the article I found. They give great advice to the community especially helping Noobs understand how to act smarter before investing. Enjoy the Knowledge!



*Here are some Quotes:

CFTC’s Warning

Pump-and-dump schemes long pre-date the invention of virtual currencies…The CFTC encourages all customers to thoroughly research potential investments, stay informed about tactics commonly used in investment fraud, and avoid investment opportunities they don’t fully understand.

Common Pump-and-Dump Tactics

Some pump and dumps use false news reports, typically about a famous high-tech business leader or investor who plans to pour millions of dollars into a small, lesser known virtual currency or coin. Other fake news stories have featured major retailers, banks, or credit card companies, announcing plans to partner with one virtual currency or another.

What Crypto Buyers Should Do

Customers can best protect themselves by purchasing only alternative virtual currencies, digital coins, or tokens that have been thoroughly researched – to separate hype from facts.

CFTC Joins SEC and Finra in Warnings

Do your research before purchasing shares of any company offering investment opportunities in cryptocurrency…Don’t be fooled by unrealistic predictions of returns and claims made through press releases, spam email, telemarketing calls or posted online or in social media threads. These actions may be signs of a classic ‘pump and dump’ fraud.

Source

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