Because of how liberal their market is?

    • Moobythegoldensock@lemm.ee
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      10 months ago

      There are some (like in The Wolf of Wall Street,) but the penalty is prison time if caught. Crypto still has a lot of scams, though.

    • TheOneCurly@lemmy.theonecurly.page
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      10 months ago

      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.

      • Elise@beehaw.orgOP
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        10 months ago

        Ah ok so it seems worse than it is because a few corrupt people are incredibly visible.