Investment Fraud and Peer Pressure
So many investment scams in recent years have involved large groups of
family and friends losing millions of dollars—sometimes even the
family and friends of the fraudster who started the scheme! This is something
commonly referred to asaffinity fraud. Unfortunately, when it comes to investing, it seems clear that you just
can’t trust a friend.
What to Do When a Friend or Associate Approaches You with an Investment
If a friend, a family member, someone from your church, or a new buddy
seems to be putting pressure on you to put your money into a new investment
product or strategy, you should still approach it with the same care as
any other investment. Don’t just take your friend’s word for
it—verify what you’ve been told, do your research - often
starting withFINRA's Broker Check, and make sure that the investment fits in with your overall investment
portfolio and goals. We know how hard it can be to risk causing strife
with a friend, but skipping the research and verification phase of any
investment decision could end up costing you your life’s savings.
After all, even a legitimate investment that is right for your friend
may not be right for you—and any real friend should understand that.
Need Help Determining If You’ve Been a Victim of Investment Fraud?
Please take a moment to look over our helpful article, “How DO You Know if it's Investment Fraud?” And, for further direction, please feel free to speak in person with theinvestment fraud attorneys at Meyer Wilson. We offer a completely free and confidential initial consultation
to talk about your situation, and your initial meeting with us puts you
under no obligation. Give us a call today or simply get started by filling
out the easy online contact form on this page.