Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy penny stocks are so riskyAs more retail investors trade penny stocks, innocent traders could be become victims.
These equities are more vulnerable to fraud and have a history of multimillion-dollar scams.
"I'm getting a lot of calls from investors who are duped and getting scammed by penny-stock operators," Jacob Zamansky, an investment fraud lawyer, told CNBC.
Watch this video to learn more about how penny stocks inspired a new breed of investors, high-stakes gamblers, risk-taking fraudsters and enforcement crackdowns.
Persons:
I'm, Jacob Zamansky
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CNBC