Are baby boomers at a high risk of investment scams? What are some of the warning signs to watch out for?
A: 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 of their money.
Some of the most common investment scams used to attract baby boomers’ money include:
- 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 investment fraud attorneys may be able to help you. For more information, contact us today by calling toll-free 1.866.827.6537 or filling out our online form. We represent investors nationwide in stockbroker mediation, arbitration and litigation claims.
Be sure to order a FREE copy of attorney David Meyer’s book, Five Signs of Investment Fraud…And What to Do if it's Happened to You. You can learn more by reading the book description below.
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Five Signs of Investment Fraud…And What to Do if it's Happened to You is intended to to expose the ugly truth behind investor fraud and its devastating consequences
Learn how to recognize the key signs of investor fraud and what to do if it's happened to you... BEFORE IT'S TOO LATE. David P. Meyer is a renowned securities and investment fraud attorney. If you entrusted your investments to a financial professional and are worried that fraud or illegal conduct has occurred, you simply CANNOT take any chances, you NEED to get yourself a copy of this report today.
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