It is no surprise that the investment industry has gone on-line. Not only is it a great vehicle to reach investors, it also provides a wealth of information for consumers.
Financial information is available almost instantaneous making the market much more efficient.
Potential investors can learn about new opportunities in chat rooms or on bulletin boards devoted to investment topics. Unfortunately, con-artists have also taken advantage of the growth of the Internet. These swindlers see a medium in which they can reach more people, more quickly, and cheaper than they ever could before. Furthermore, there is no regulation on the type of information they post. On-line computer services do not have enough resources to check out the legitimacy of claims that are posted on the net.