Alta Capital does not conduct any business on WhatsApp or any other social media platform, aside from maintaining a company LinkedIn page. If you are, or have been, contacted by any group or individual via WhatsApp or any social media platform claiming to be a representative of Alta Capital, you may be the target of a fraud attempt or investment scam.
Alta Capital or its employees will never ask you to join WhatsApp groups or social media accounts created by or on behalf of Alta Capital. Alta Capital does not have any App facilitating trading in securities, nor does Alta Capital issue any advertisement for investment in any specific stocks or for any cash transactions.
According to this FINRA Investor Alert, “Since fall 2023, FINRA has seen a significant spike in investor complaints resulting from recommendations made by fraudulent “investment groups” promoted through social media channels. Complaints received by FINRA and posted on social media describe bad actors, posing as registered investment advisers, who initially advertise “stock investment groups” on Instagram and other social media channels and then turn to encrypted group chats on messaging applications such as WhatsApp to communicate with interested investors and pitch investments.”
Please read more about how the scammers operate in the FINRA Investor Alert to protect yourself.
If you believe you are the victim of this type of scam, please contact local law enforcement and log a complaint online at www.IC3.gov.