Investors Need to Be Aware of Scams
The North American Securities Administrators Association, NASAA, has compiled a list of the top ten way that investors get involved in investment scams. It is important for all investors to be aware of the variety of scams that are out there. Bob Webster, a spokesman for NASAA, says "no one is immune to these schemes. We put out this list every year to try to keep one step ahead of the con artists. We want people to remain vigilant."
Before Choosing an Investment, Check Securities Fraud Watch List
The scams can take a variety of forms. While many plots use fake investment opportunities, investors also often are persuaded to put their money into real invests that are not suitable for them. Brokers are supposed to consider a client's age, financial situation, and investment objectives prior to recommending financial projects. The list of investment scams can be found at NASAA's website.
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