Tag #Penny Stocks

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forbes.com

🌐 85% Global Worthiness

Aug 30, 19:17

Social Media Investing Advice: Separating Fact From Fiction

Two recent studies reveal that 33-36% of investors, especially newer ones, rely on social media for investment decisions, leading to nearly half of them making poor choices based on unreliable social media advice.

Social Media Investing Advice: Separating Fact From Fiction

Two recent studies reveal that 33-36% of investors, especially newer ones, rely on social media for investment decisions, leading to nearly half of them making poor choices based on unreliable social media advice.

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16% Bias Score

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Reduced Inequality

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What are the key strategies for discerning credible financial advice from unreliable sources on social media?

Five strategies include: 1. Thoroughly research the company and its financial health; 2. Align investments with personal financial goals and risk tolerance; 3. Supplement, not replace, existing diversified portfolios with social media tips; 4. Prioritize advice from financial educators over promoters; and 5. Recognize that social media financial advice is primarily entertainment until verified.

theglobeandmail.com

🌐 75% Global Worthiness

May 17, 04:07

Canaccord Genuity to Pay $2.8 Million for Gatekeeper Rule Violations

Canada's investment regulator, CIRO, fined Canaccord Genuity Inc. over $2.8 million for failing to act as a gatekeeper, continuing business with Crito Capital LLP despite red flags and SEC allegations against its principal, Stuart Jeffery, between 2021 and 2023.

Canaccord Genuity to Pay $2.8 Million for Gatekeeper Rule Violations

Canada's investment regulator, CIRO, fined Canaccord Genuity Inc. over $2.8 million for failing to act as a gatekeeper, continuing business with Crito Capital LLP despite red flags and SEC allegations against its principal, Stuart Jeffery, between 2021 and 2023.

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40% Bias Score

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Peace, Justice, and Strong Institutions

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How did Canaccord's response to red flags and SEC allegations contribute to the regulatory action?

Canaccord's failure to act as a gatekeeper involved neglecting several red flags, such as previous regulatory actions against Crito's clients. Despite initial employee reservations and a temporary suspension, Canaccord resumed trading with Crito after learning of SEC allegations against Jeffery, highlighting a lapse in due diligence. This resulted in significant penalties, demonstrating CIRO's increased enforcement of gatekeeping rules.

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