[trader55]

are whatsapp investing groups from people like karen finerman legit? seen so many of them

[Richard Berry]

No whatsapp investing groups on investagram or any other social network trying to promote them is most likely a scam.
There are some regulated brokers like CMC Markets that have integrated whatsapp into their customer service but be very aware of clones on social videos. We have a guide on how to spot and avoid whatsapp investing scams here.

[igumaggialtenwseanki]

The “Karen Finerman WhatsApp investing group” is most likely a scam. Fraudulent entities often impersonate public figures like Karen Finerman to create fake investment groups on platforms such as WhatsApp. These groups typically promote high-return stock tips and encourage participants to invest substantial sums. Once the funds are invested, the scammers disappear, leaving participants with significant losses.

In one notable case, a victim was contacted via WhatsApp by someone posing as an assistant at a company named ‘Elgethun Capital Management’. This individual claimed to be promoting a group titled ‘Karen Finerman’s Free Exchange Group Sharing’, which purportedly provided exclusive trading signals. The victim was led to believe they would receive recommendations for high-quality stocks with expected returns of 15–25% weekly. Additionally, the group promoted ‘high-yield elite core investments’, promising profits of up to 300%. The victim was instructed to pay a percentage of their profits as ‘commission’. When the promoted shares collapsed, the victim lost all invested funds. Fortunately, the victim was able to recover £6,500 through legal assistance and bank fraud reimbursement schemes.
National Fraud Helpline

Key Red Flags to Watch For:

Unsolicited Invitations: Receiving unexpected messages inviting you to join investment groups.

Promises of High Returns: Claims of guaranteed or unusually high profits.

Pressure Tactics: Urgency to invest quickly or secrecy about the investment.

Impersonation: Use of public figures’ names and likenesses without authorization.

Protective Measures:

Verify Authenticity: Check official sources or contact the individual or company directly through verified channels.

Avoid Sharing Personal Information: Do not disclose sensitive data such as bank details or passwords.

Report Suspicious Activity: Inform relevant authorities or platforms about potential scams.

If you encounter such groups or have already joined one, exercise caution and consider reporting the incident to appropriate authorities.

[mariiamdelgar]

There’s no evidence Karen Finerman runs WhatsApp investing groups, so any such group claiming her association should be treated with caution.

[Author]

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