The SEC’s Office of Investor Education and Advocacy alerted in relation to a concerning situation, as it is becoming very likely that the scammers will start targeting the victims that will receive compensation as large payouts from insurance companies as a direct result of Hurricane Ida’s damage.
This wouldn’t be the first time when hurricane-related scams promising high returns for investing small sums in thinly-traded companies that would’ve made massive profits from cleanup and recovery efforts were seen.
