Re:Was LinkedIn Scammed?
by prostoalex on Saturday May 21, 2011 @08:53PM
(#2572282)
That market exists, and it's called pink sheets and penny stocks.
This will attract all sorts of scammy pump-and-dump schemes that will convince the public that FOR LIMITED TIME ONLY they have an UNBELIEVABLE OPPORTUNITY to invest at LOW-LOW PRICES.
Like it or not, but investment banks have access to a cadre of accredited retail and institutional investors, so they serve as a filter between legitimate opportunities and outright scams.
Same filter could be achieved, if you got a bunch of emails from accredited investors and just set up a Google group for them.
This will attract all sorts of scammy pump-and-dump schemes that will convince the public that FOR LIMITED TIME ONLY they have an UNBELIEVABLE OPPORTUNITY to invest at LOW-LOW PRICES.
Like it or not, but investment banks have access to a cadre of accredited retail and institutional investors, so they serve as a filter between legitimate opportunities and outright scams.
Same filter could be achieved, if you got a bunch of emails from accredited investors and just set up a Google group for them.