Who Actually Buys Stocks Based On Strangers Text Messaging Them?
from the and-can-we-take-away-their-mobile-phones? dept
Federal regulators are apparently so concerned about pump-and-dump spammers moving to text messages, that they’ve sent out a warning telling people that if you receive a text message from a complete stranger with a stock tip… it’s probably not legit. This should bring up one huge question: who actually needed the SEC to tell them this? Are there really people who believe that a random text message spam on their mobile phone is actually providing them with a hot stock tip?