With all the recent stories about financial brokers stealing their client’s money, how do you know a financial broker isn’t cheating you? Learn how by attending the Consumer University.
See Also: Scams and Fraud
Together, AARP ElderWatch and other state and National partners have joined forces with the FINRA Investor Education Foundation's Investor Protection Campaign to help educate older adults about investment fraud. The campaign, also known as Outsmarting Investment Fraud, is a targeted effort to reduce the incidence of investment fraud among investors by teaching the tactics most commonly used by fraudsters and the simple steps every investor can take to reduce their risk.
Did you know that according to FINRA Foundation research, only one-third of investors (34 percent) have checked the licensing of their investment professional – and even fewer (20 percent) researched whether the individual had broken any laws. Similarly, most investors (68 percent) have not checked whether an investment is registered with federal or state regulators before making an investment decision.
Are you one of those 65% that has not checked out your investment professional? I sure hope not. But if you are, now is the time to check and learn to spot and avoid investment fraud.
Take the time to protect yourself.
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