The Florida Office of Financial Regulation has released a list of some
of the top investment scams affecting residents of Central and South Florida.
Franklin Widman, who is Director of Securities for the agency, urges that
"people need to be on guard."
Widman reminds Florida investors to always be on the lookout for the "red
flags" of investment and securities fraud, and described 4 scams
that recently bilked Floridians out of their hard-earned cash:
- Distressed real estate schemes
- Gold and silver investments
- Unlicensed agents and unregistered securities.
Affinity fraud through churches and social groups
Widman reminds investors to do their research, be sure their brokers have
the proper licensing, and check that the securities they are purchasing
are registered. Additionally, investors should continue to monitor their
accounts and agents over time to make sure everything looks the way it should.
If you have been the victim of
Central Florida securities fraud, contact an experienced
FINRA lawyer with Meyer Wilson. We take pride in helping victims of
Ponzi schemes and securities fraud recover their losses through
stockbroker mediation, arbitration, and litigation.