A client sent me an email that he received earlier in the week. It was a recommendation for a Penny Stock, TFER. The stock was up 500% that day.
In the disclaimer it stated, in very small print, that the “research” was paid for by $1.1 million over six months and an undisclosed (in that email) boatload of stock.
Since the market is owned lock, stock and barrel by the Federal Reserve and Primary Dealers combined with Hedge Fund Hotels like Apple & Google, all that is left is “The Scam”.
It seems that there are many “research firms”, “research web sites”, “research advisory services” and “research subscription sites” that promulgate this 21st Century Penny Stock Scam.
It’s the same as it ever was. If you do play that crapola, make sure yo know how to exit, stage left. If not, you will be left holding the bag.
Here is the disclaimer that makes the Scam legal…