– Penny stocks have become popular among a new generation of investors
– These investors are often high-stakes gamblers, looking for quick returns
– However, penny stocks also attract risk-taking fraudsters
– Regulatory bodies are cracking down on fraudulent practices in the penny stock market
– Enforcement actions are being taken against individuals involved in fraudulent activities
**Hot take:**
Investing in penny stocks may be tempting for some, but it’s important to be aware of the risks involved. While there may be potential for quick returns, there’s also a higher chance of getting caught up in fraudulent schemes. So, before diving into the world of penny stocks, tread carefully and don’t let the allure of quick gains cloud your judgment.
Original article: https://www.cnbc.com/2023/08/21/penny-stocks-scam-millions-heres-why-theyre-so-dangerous.html