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Are there a lot of scammers in the US? (beehaw.org)

submitted 9 months ago* (last edited 9 months ago) by xilliah@beehaw.org to c/askbeehaw@beehaw.org

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Because of how liberal their market is?

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[–] TheOneCurly@lemmy.theonecurly.page 2 points 9 months ago (2 children)

Ah, I'm not sure how the US market rules compare to other large stock exchanges but I don't believe there are an enormous number of outright scams on either the NYSE or NASDAQ. There's definitely a fine line between marketing, hype, and scam. Musk, for instance, pretty blatantly crosses the line into market manipulation but that's more an exception than a rule. In general, disclosures are accurate and you can pretty much know what you're getting into before buying.

[–] degen@midwest.social 4 points 9 months ago

There is only one scam in the stock market, and that is the whole system.

[–] xilliah@beehaw.org 1 points 9 months ago* (last edited 9 months ago)

Ah ok so it seems worse than it is because a few corrupt people are incredibly visible.