The Securities and Exchange Commission (SEC) has issued a cautionary statement regarding the increasing prevalence of unregistered online investment schemes being advertised on social media platforms such as WhatsApp, TikTok, and Instagram. The commission has identified numerous schemes as Ponzi operations, which are designed to deceive and defraud unsuspecting investors. This warning was disseminated through a public notice dated May 8, 2026, and shared on the SEC's official X handle, urging the public to exercise caution and conduct thorough research before engaging in any investment activities online.
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