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I interned at the Securities and Exchange Commission. I can't tell you how many people I saw put on blinders to a Ponzi scheme they'd gotten involved in because they didn't ask basic questions and just kept putting good money in after bad. If you're listening to an investment pitch and it promises linear returns, no risk of loss, doesn't provide qualifying financial information (Investment Adviser registration,etc.), is related to derivatives, private placements, a hedge fund (unless you have over $1mm in assets), or comes to you from an unprompted phone call, don't loving invest in it! Watch a couple episodes of american greed and you'll notice how stunningly easy it is to pick up on the patterns used by fraudulent financial schemes. Just say no to African princes.
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Jul 1, 2013 18:24
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| # ¿ May 4, 2024 18:20 |
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