Americans lose millions to WhatsApp, Facebook group scams, SEC says

Scammers just stole $15 million by simply claiming to be SEC-compliant in WhatsApp groups, proving that regulatory "protection" is easily weaponized against investors. Most disturbing is that victims were told to recruit others to earn money, turning defrauded individuals into active participants in the scam. If people are still falling for "AI trading bots" on social media, is it even possible for the SEC to protect them, or is retail greed the real problem? What’s your take?
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