Latest SEC Report Highlights Alarming Surge in Crypto and AI Scams

The SEC's 2024 report highlights alarming spikes in investment fraud, with cryptocurrency scams and AI-enabled schemes driving billions in losses. Advanced technologies empower both investors and fraudsters, prompting urgent calls for stronger safeguards to protect investors.

Latest SEC Report Highlights Alarming Surge in Crypto and AI Scams

SEC Warns of Rising Crypto Scams and AI-Driven Fraud in Latest Report

The SEC's Office of the Investor Advocate (OIAD) has issued a warning about a sharp rise in investment fraud, especially within cryptocurrency schemes.

In its 2024 Report on Activities, submitted to Congress on 12 December 2024, the OIAD highlights the pressing need for stronger safeguards to protect investors from mounting financial scams.

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