Wednesday, June 6, 2007

Fool's Gold Mission Statement: Tracking Securities and Currency Trading Fraud


The purpose of this blog is to report on legal and fraudulent securities and foreign currency trading trends that can have an effect--usually a bad one--on individual investors.


Over the last decade, e-commerce has changed the marketing landscape for foreign exchange or FOREX products and for securities, which typically include stocks, bonds, options, and mutual funds.


New vistas have appeared for harvesting the money of individuals. Some are simply misleading, like idiotic but fully disclosed efforts of low-level stock promoters. Others are clearly fraudulent, like stock price manipulation scams and Ponzi schemes. Still others are in a greyly lit Twilight Zone where the regulators haven't established rules clearly.


There are plenty of fraud blogs out there. Many of them simply call the reader's attention to one fraud in order to sell a different one. This blog does not sell anything or offer specific investment advice.


What it does do is offer critical and sanguine commentary on many of the legal marketing approaches and illegal scams directed at pretty much anyone with access to the internet, e-mail, newspapers or is just plain alive in our world.



No comments: