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Are there a lot of scammers in the US?
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this post was submitted on 24 Jan 2024
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AskBeehaw
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Ah, I'm not sure how the US market rules compare to other large stock exchanges but I don't believe there are an enormous number of outright scams on either the NYSE or NASDAQ. There's definitely a fine line between marketing, hype, and scam. Musk, for instance, pretty blatantly crosses the line into market manipulation but that's more an exception than a rule. In general, disclosures are accurate and you can pretty much know what you're getting into before buying.
There is only one scam in the stock market, and that is the whole system.
Ah ok so it seems worse than it is because a few corrupt people are incredibly visible.