Inability to trust in others Withdrawal, seclusion, avoidance of social relationships Poor academic performance Bullying others — to feel in control In extreme cases — Suicide. Rachael Neblett and Ryan Patrick Halligan are two youngsters that committed suicide, and their suicide has been connected to cyberbullying. Other similar cases have been documented. So cyberbullying is not some insignificant problem experienced by few.
Social media and the Internet in general have become important tools for investors. Investors may use social media to research particular stocks, look up background information on a broker-dealer or investment adviser, find guidance on investing strategies, receive up-to-date news, and discuss the markets with others.
While social media can provide many benefits for investors, it also presents opportunities for fraudsters. Through social media, fraudsters can spread false or misleading information about a stock to large numbers of people with minimum effort and at a relatively low cost.
They can also conceal their true identities by acting anonymously or even impersonating credible sources of market information. Wrongdoers may perpetuate stock rumors on social media, as well as on online bulletin boards and in Internet chat rooms.
The false or misleading rumors may be positive or negative. Typically, after the promoters profit from their sales, the stock price drops and the remaining investors lose money. In other instances, fraudsters start negative rumors urging investors to sell their shares so that the stock price plummets and the fraudsters take advantage of buying shares at the artificially low price.
In a recent Enforcement action, SEC v. Craigthe SEC accused an individual of manipulating the share prices of two publicly traded companies by tweeting false and misleading information. The defendant allegedly tweeted rumors that federal law enforcement was investigating a technology company for fraud, and that a biopharmaceutical company had tainted drug trial results and a federal government agency seized its papers.
The SEC asserted that these deceptive tweets were made from Twitter accounts mimicking established securities research firms. McKeown and Ryanthe SEC obtained judgments against a Canadian couple who used their website PennyStockChaserFacebook, and Twitter to pump up the stock of microcap companies, and then profited by selling shares of those companies.
Investors should be aware that fraudsters may use social media to impersonate an established source of market information. For example, fraudsters may set up an account name, profile, or handle designed to mimic a particular company or securities research firm. When you receive investment information through social media, verify the identity of the underlying source.
Determine whether information appearing to be from a particular company or securities research firm is authentic. Some social media operators have systems that may help you to determine whether or not a sender is genuine. For example, Twitter verifies accounts for authenticity by posting a blue verified badge a solid blue circle containing a white checkmark on Twitter profiles.
While a verified account does not guarantee that the source is genuine, be more skeptical of information from accounts that are not verified. Think twice about investing if you spot any of these red flags of investment fraud: Limited history of posts.
Fraudsters can set up new accounts specifically designed to carry out their scam while concealing their true identities. Be skeptical of information from social media accounts that lack a history of prior postings or sending messages.
Take the time to research the stock before you invest. Unsolicited investment information or offers. Fraudsters may look for victims on social media sites, chat rooms, and bulletin boards. Exercise extreme caution regarding information provided in new posts on your wall, tweets, direct messages, e-mails, or other communications that solicit an investment or provide information about a particular stock if you do not personally know the sender even if the sender appears connected to someone you know.
Federal and state securities laws require investment professionals and their firms who offer and sell investments to be licensed or registered. Many fraudulent investment schemes involve unlicensed individuals or unregistered firms.
Investors who learn of investing opportunities from social media should always be on the lookout for fraud.Social networking sites like My Space, Facebook and Twitter can be great resources for staying in touch with friends, but they should never become a substitute for physical interaction with others.
Social networking sites allow someone to post information that thousands of other users can read. But that's not at all.
In this Q&A, information security threats expert Ed Skoudis reveals how sites like Myspace and Youtube let the bad guys post something more dangerous: malware. Most of the apps and social networking sites are for people aged 13 and over.
They also state that bullying, abusive behaviours which includes harassment, . History.
|Rules ‘N Tools™ for Social Networking Sites||In addition, Instagram users are nearly as likely as Facebook users to check in to the site on a daily basis.|
Before social networking sites exploded over the past decade, there were earlier forms of social network technologies that included: online multiplayer games, blog and forum sites, newsgroups, mailings lists and dating services.
Is there a role for social media in perpetuating anxiety through feelings of disconnection and loneliness? At first glance, social networking sites such as Facebook and Twitter seem to be a modern.
"The Truth About Profiting from Social Networking is an insightful, useful book that many marketers should keep at their fingertips." Guy Kawasaki, Co-founder of Alltop and author of The Art of the Start "An essential, enlightening guide to an area rapidly expanding beyond garish MySpace pages into an essential business component.