Social media has become an invaluable tool for investors looking to share thoughts and research on investment ideas. However, social media has also become a tool for traders and fraudsters seeking to make a quick buck to spread false or misleading information especially on the OTC pink marketplace, says a new study.
The dissemination of false or misleading information by fraudsters seeking to profit from market manipulation is not a new development, Wolf of Wall Street style bucket shops have been around for more than a hundred years. Nonetheless, the presence of social media has made it much easier for fraudsters to manipulate the markets as all it takes is a short tweet to influence other investors.
The most...
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