How to Help Yourself and Others About Investment Fraud
Around every corner there is a new investment being promoted that promises fantastic returns and is risk free. If an investment sounds too good to be true, it usually is. The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation encourages investors to discuss securities fraud with family, friends and colleagues. A recent article entitled Five Ways to Warn Others About Fraud emphasizes the importance of asking lots of questions prior to investing to determine the qualifications of the financial representative, to make certain he or she is properly registered and research their disciplinary history through FINRA.
One thing to remember is that anyone with assets can be a target for fraud and for many the biggest hurdle is getting past the idea that “it can’t happen to me.” Here are a few tips from the article:
- The difference between smart investors and smarter investors is just a few simple questions. Ask whether the investment and the person selling it are registered and then check it out with the proper authorities prior to investing.
- The tactics used by investment fraud criminals are sophisticated. They often appear to be very professional and know all of the right things to say to attract your attention and secure your interest. Don’t rush into anything. You owe it to yourself to take the time to make a well informed decision.
- Don’t be shy about discussing money or investments with family, friends and colleagues. By talking with others and sharing information about investments, asking questions and verifying answers you are better prepared to combat fraud.
If you, your family or your friends have been the subject of investor fraud, please contact our securities law firm for a confidential, no obligation consultation at 1-800-259-9010.