> the dynamics that incentivize that long tail of scams are worth worrying about in my view. Is this any different from the stock market? There are about 6000

> the dynamics that incentivize that long tail of scams are worth worrying about in my view. Is this any different from the stock market? There are about 6000 companies listed on the NYSE and NASDAQ. According to [1] there are about 10,000 penny stocks traded OTC. Not every NYSE/NASDAQ company is legit and not every penny stock is a scam, but we're still looking at an awful lot of fraud out there. Seems like the incentives for financial fraud are obvious and eternal. [1] https://www.nytimes.com/2021/03/18/business/penny-stocks-trading.html https://www.nytimes.com/2021/03/18/business/penny-stocks-tra...