FINRA today is warning investors to be on the lookout for scams offering investors an opportunity to buy pre-initial public offering shares of Facebook and other popular social media companies that many Wall Street investment banks will be taking public in the next year or two.
Gerri Walsh, vice president of investor education at FINRA, said the self-regulatory organization has received a number of complaints in recent weeks and months from investors who were contacted via unsolicited emails or watched YouTube videos offering bogus opportunities to buy into the white-hot social media sector.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access