Are baby boomers at a high risk of investment scams?
What are some of the warning signs to watch out for?
Baby boomers are prime targets for scammers. Scam artists recognize that
baby boomers have reached the point where they are looking to secure their
investments and protect their retirement dollars. As a result, scam artists
prey on common investor fears in this age group, in an attempt to defraud them.
Some of the most common investment scams used to attract baby boomers’
- Oil and gas investments
- Insurance products
- Unregistered securities
Scam artists will also commonly promote that their investments are low-risk,
but that they generate high returns. If a salesperson has made this claim
to you or if you are feeling extreme pressure to invest your money, it
could be a sign that the investment is a scam. You should always do your
research and consult with trusted advisors, before investing your money.
If you have been the victim of an investment scheme, one of our experienced
securities fraud attorneys may be able to help you. For more information, contact us today by calling
or filling out our
online form. We represent investors nationwide in
stockbroker mediation, arbitration and litigation claims.