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Common ETFs Scams - Printable Version

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Common ETFs Scams - MadMax - 05-30-2024

Scams happen everywhere including ETFs. Some common ETF scams include:
  1. Ponzi Schemes: Fake ETFs promise high returns, using new investors' money to pay earlier investors.
  2. Misrepresentation: Scammers lie about an ETF’s performance or the assets it holds to attract investors.
  3. Pump and Dump: Fraudsters hype a low-volume ETF, inflate its price, then sell their shares at the peak.
  4. Insider Trading: Trading based on secret information about an ETF.
  5. Front-Running: Brokers trade ETFs for themselves before making large client trades to profit from price changes.
  6. Phantom ETFs: Nonexistent ETFs marketed to steal investors' money.
  7. Fee Scams: Hidden or excessive fees that eat into investor returns.
Have you been scammed with EFT scams? How much money did you lose? What kind of scam was it?

RE: Common ETFs Scams - Heatman - 06-21-2024

I have been a victim of ponzi schemes scams years ago. The biggest one which I feel for was MMM. I lost more than $5k that I invested in the ponzi scheme.