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Original Claim

False or misleading financial dashboard screenshots are being shared in investor forums

2 months ago

Context by Compass

The claim that false or misleading financial dashboard screenshots are being shared in investor forums is supported by evidence of similar fraudulent activities. According to the U.S. Securities and Exchange Commission (SEC), social media and online platforms are often used to spread false or misleading information about stocks, which can lead to investment scams such as pump-and-dump schemes Investor.gov. These schemes involve artificially inflating the price of a stock through false statements, then selling off shares at the inflated price, leaving other investors with losses. The Federal Trade Commission (FTC) reported that Americans lost $5.7 billion to investment scams in 2024, highlighting the prevalence and impact of such fraudulent activities CNBC.