Explore the monopolistic grip on Canada's airline industry, focusing on how limited competition affects prices and consumer choice. Discover a surprising proposal to shake things up in air travel, along with a deep dive into Jernovax, an innovative painkiller that aims to combat the opioid crisis without addiction. The hosts also tackle the rise of financial scams, the deceptive 'pump and dump' scheme, and emphasize the importance of due diligence when investing. It's a lively discussion that blends serious topics with moments of humor.
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Scammers Impersonate Investor Rosenberg
David Rosenberg, a respected Canadian investor, was impersonated by scammers to promote fake stock tips.
Many lost hundreds of thousands of dollars to a pump and dump scheme using his identity on social media and WhatsApp.
insights INSIGHT
Trust Exploited in Social Finance
Financial scams using respected figures exploit trust by advising trades through reputable platforms.
Such advice feels safe despite targeting bad assets, revealing risks of peer-led investment tips.
volunteer_activism ADVICE
Question Social Media Stock Tips
Avoid buying stocks based solely on tips from Facebook groups or social media.
Always question the motive and ask why nobody else has already taken advantage of the supposed opportunity.
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The Wolf of Wall Street is a memoir that chronicles Jordan Belfort's career as a stockbroker and his founding of Stratton Oakmont, a firm notorious for its 'pump and dump' schemes and other fraudulent practices. The book describes Belfort's meteoric rise to wealth and power, his indulgent lifestyle filled with drugs, women, and luxury, and his eventual downfall due to legal scrutiny. It also explores the darker side of Wall Street, highlighting themes of greed, moral compromise, and the consequences of unchecked ambition. Belfort's narrative is marked by humor, regret, and a candid reflection on his past actions and their repercussions[2][3][5].
Monopolies! They’re a problem as old as our country itself. On this week’s TLDR, we talk to Denise Hearn and Vass Bednar, authors of The Big Fix: How Companies Capture Markets and Harm Canadians, about how Canadian companies got so big. And, we look at a surprising proposal for tackling the problem (at least in the airline industry). Plus, we explore how a new wonder drug could spell the end of the opioid epidemic. And, we watch as the pump and dump gets a makeover for the digital age.
This episode was hosted by Devin Friedman, business reporter Sarah Rieger and former hedgefunder Matthew Karasz, with appearances by writers Vass Bednar and Denise Hearn. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldr
The TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.
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