Tren Griffin+ Your Authors @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Aug. 27, 2019 1 min read + Your Authors

I read a tweet earlier tonight about people who visit dating sites and meet someone who convinces them to start trading "binary options." Financial disaster inevitably follows negative net present value gambling wagers.  https://www.sec.gov/investor/alerts/ia_binary.pdf 

Here's the link to the options promoters:  https://www.afr.com/companies/financial-services/dating-apps-used-to-seduce-gullible-investors-20190825-p52khj . Brokers are spending more than $280 million a year on introducers"

"The basic premise is at a specific time, say 1:25 p.m., you can put down perhaps $100 that XYZ stock will either increase or decrease in price within five minutes—by 1:30 p.m. If you are wrong, you get $15 back. If you are right, you win about $70."  https://www.forbes.com/sites/investor/2010/07/27/dont-gamble-on-binary-options/#74c43b6330a8 


You can follow @trengriffin.



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