Learn more about a recent FINRA alert regarding nutraceutical stock scams
from an experienced investment fraud attorney with Meyer Wilson.
The Financial Industry Regulatory Authority (FINRA) recently alerted investors
to the potential for investment fraud in the growing field of nutraceuticals.
FINRA is concerned that some of these companies, which may promote a wide
range of products that includes everything from health drinks to vitamin
supplements, may actually represent a classic “pump and dump”
investment scam. Although FINRA points out that not every nutraceutical
company is a fraud, it is recommended that you pay attention to these
signs of a stock scam:
- The company is small and does not have a successful history.
- The offer is based on “exclusive rights” to a treatment or
relies on a newly discovered medicinal herb or technique.
- The nutraceutical investment promises huge returns over a short period of time.
- The offer comes unsolicited via phone, email, text message, tweet, etc.
For more information about spotting stock scams and financial fraud, please
see our helpful book
Five Signs of Investment Fraud …And What to Do if it’s Happened to You, which was written by an experienced
investment fraud lawyer and is available to you for free. Just give us a call or use our online
contact form to request your copy.
Meyer Wilson represents harmed investors nationwide in
stockbroker mediation, arbitration, and litigation after suspected fraud or broker misconduct.
If you have suffered losses or suspect a scam, give us a call today to
schedule a completely free and confidential legal consultation with one
of our experienced investment fraud attorneys.