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+ - SEC Issues Bitcoin Advisory Warning

Submitted by rjmarvin
rjmarvin (3001897) writes "Virtual currency was one of the North American Securities Administrators Association's Top 10 threats to investors in 2013, and now the U.S. Securities and Exchange Commission is finally voicing its concerns http://sdt.bz/71189. The SEC isn’t saying to avoid cryptocurrencies altogether, but it's advising investors to tread carefully. If the concerns still don’t outweigh an investor’s desire to invest, the SEC says to watch out for potential warning signs of fraud such as “guaranteed” high investment returns, unsolicited offers, unlicensed sellers, no net worth or income requirements, “sounds too good to be true,” or pressure to buy right now.“Before making any investment, carefully read any materials you are given and verify the truth of every statement you are told about the investment,” the report http://investor.gov/news-alert... states."
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SEC Issues Bitcoin Advisory Warning

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