CFTC warns consumers against crypto / ICO pump and dump schemes
See the Advisory here:
http://www.cftc.gov/idc/groups/public/@customerprotection/documents/file/customeradvisory_pumpdump0218.pdf
Their advice?
Don’t purchase digital coins or tokens because of a single tip, especially if it comes over social media.
Don’t believe ads or websites that promise quick wealth by investing in certain digital coins or tokens.
Do not participate in pump-and-dump trades; market manipulation is against the law and many participants end up losing money.
There is no such thing as a guaranteed investment or trading strategy. If someone tells you there is no risk of losing money, do not invest.
