Common ETFs Scams

[MadMax]

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?