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FinCap Friday: Fooled by the Hype Flashcards | StudBud

Explore/FinCap Friday: Fooled by the Hype

FinCap Friday: Fooled by the Hype

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Answers

1
Which celeb below was NOT accused of promoting Ethereum Max (EMAX) as a pump & dump scheme?
Paul Pierce
Floyd Mayweather
Lil Pump
Kim Kardashian
2
Why is the seller or promoter of a product not a strong source of information for your research?
They are probably not good at their job
They have a vested interest in making the sale
They are unbiased about the product they're selling
They are likely to show you the bad news about their products
3
What is a "pump and dump" scheme?
When fraudsters promote scam companies that don't exist on social media
When fraudsters call you from a "scam likely" number
When fraudsters pay previous investor returns with funds from new investors
When fraudsters hype up an investment and then sell their shares
4
The Securities & Exchange Commission (SEC) is a US government agency responsible for:
Protecting the NYSE from any attacks
Making sure that anyone trading securities is being fair and orderly.
Holding all US money deposited into bank accounts or investment accounts
Making sure that crypto scammers are put in jail
5
Why do crypto enthusiasts defend cryptocurrency even though there have been many crypto scams?
They say bad people are taking advantage of a new technology with few rules
They believe only people who are not smart will be scammed
They think the scammers will just go away on their own
They refuse to admit that crypto scams exist