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Ofcom Investigates Telegram and Teen Chat Sites Under Online Safety Act

Ofcom has launched formal investigations into Telegram, Teen Chat, and Chat Avenue under the UK's Online Safety Act 2023. The investigations examine whether these platforms comply with duties to prevent child sexual abuse material (CSAM) and protect children from grooming. Ofcom received evidence from the Canadian Centre for Child Protection regarding alleged CSAM on Telegram and has engaged with Teen Chat and Chat Avenue providers without satisfactory response.

Ramp-and-Dump Scams Surge on Social Media

The Canadian Securities Administrators (CSA) issued an investor alert warning Canadians about a surge in 'ramp-and-dump' stock manipulation scams promoted through social media and private messaging platforms. Fraudsters organize closed groups on WhatsApp, Discord, and Telegram to artificially inflate low-priced or thinly traded stocks, then sell their holdings for profit, leaving ordinary investors with significant losses when prices crash. The CSA advises investors to verify advisor credentials through the National Registration Search, consult the Investor Alerts page, and report suspected fraud to local securities regulators, the Canadian Anti-Fraud Centre, and law enforcement.

Investor Alert: Ramp-and-Dump Scams Surge via Fraudulent Investment Groups on Social Media

The Canadian Securities Administrators (CSA) has issued an investor alert warning Canadians about surging 'ramp and dump' investment scams promoted through social media platforms and private messaging groups such as WhatsApp, Discord, and Telegram. The alert describes how fraudsters establish trust, pressure victims to purchase specific low-priced stocks, artificially inflate prices through coordinated buying, and then sell their holdings causing prices to crash, leaving ordinary investors with significant losses. The CSA advises investors to verify advisor credentials via the National Registration Search, consult the CSA Investor Alerts page, and report suspected fraud to provincial regulators and the Canadian Anti-Fraud Centre.

Ramp and Dump Investment Scams Target Canadians

The Canadian Securities Administrators (CSA) issued an investor alert warning Canadians about 'ramp and dump' investment scams being promoted through social media platforms and encrypted messaging apps like WhatsApp, Discord, and Telegram. The CSA describes how fraudsters coordinate to artificially inflate low-priced or thinly traded stocks, then sell their holdings for profit while ordinary investors suffer significant losses. The alert provides detailed descriptions of scammers' tactics, pressure strategies, and red flags to help investors identify and avoid these schemes.

CSA Warns of Ramp-and-Dump Stock Scam Surge

The Canadian Securities Administrators (CSA) issued an investor alert warning Canadians about fraudulent 'ramp-and-dump' stock manipulation schemes being promoted through social media platforms including WhatsApp, Discord, and Telegram. Fraudsters coordinate to artificially inflate low-priced or thinly traded stocks through high-pressure tactics and coordinated buying, then sell their holdings causing prices to crash and leaving ordinary investors with significant losses. The alert identifies common warning signs and provides protective measures for investors.

Ramp-and-Dump Scam Alert: Fraudulent Investment Groups Target Canadians

The Canadian Securities Administrators issued an investor alert warning Canadians about fraudulent investment groups promoting 'ramp and dump' stock manipulation scams on social media platforms. These schemes involve coordinated efforts to inflate low-priced or thinly traded stocks before selling for profit, leaving ordinary investors with significant losses. Victims are being recruited through WhatsApp, Discord, and Telegram groups using high-pressure tactics and false promises of guaranteed returns.