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In accordance with the Securities Act of 1933, any offer of securities must
be accompanied by enough information for an investor to make an informed
investment decision. It doesn't matter to the SEC what is being offered,
just so long as adequate information is provided. Withholding
information, or providing misinformation or disinformation is against the
law and considered fraudulent.
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No scammer wants the target to ask questions. On the
contrary, the object of the game is to ensure that the target ask no questions
at all.
Even though few scammers offer stocks and municipal bonds, they
do weave a tale of buying and selling
DEBENTURES and
TREASURIES at
enormous profit but never fully explain what is going on; instead, they give
their target a combination of official sounding lies and half-truths in order to
confuse their target into taking their word for everything.
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