Smart shoppers know to keep their receipts when making purchases around
the holidays, just in case. Smart investors should take note of this practice
– while it’s not quite as straightforward as keeping a slip
of paper, keeping good records of your statements, transactions and other
related account information will help you keep a close eye on your investments.
Investment accounts generate a significant amount of paperwork, such as
records of dividends and distributions paid, tax records, account statements,
and trade confirmations. While the sheer volume of information investors
receive may feel overwhelming at times, it’s imperative to manage
and review your account information to make sure that no unauthorized
transactions took place and all instructions gave were followed.
Even with the shift towards a completely paperless world, it may be in
your best interest to keep hard copies of key investment records on hand.
This way, you’ll have an easily accessible set of information when
the need arises. Of course, keeping track of your investment information
is vital for tax reasons, but can also help protect you from investment
fraud. By maintaining these records, you will be able to identify any
discrepancies and potentially catch any misconduct before it has a chance
to cause serious damage.
Even perfect recordkeeping cannot prevent every instance of investment
misconduct. If you were the victim of investment misconduct, contact Meyer
Wilson today. Our attorneys have spent nearly two decades representing
clients across the country and have successfully recovered hundreds of
millions of dollars in verdicts and settlements during that time. Call
us at one of our office locations, or
fill out our online form to start out with a free case evaluation today.