After 45 years of marriage, I am now in charge of my investments. Prior
to my husband's death, he handled all of our financial decisions.
What can I do to protect myself from investment fraud?
According to the North American Securities Administrators Association (NASAA),
the ideal victim for an investment scam artist is an elderly widow. Con
artists know that senior women are vulnerable after the death of their
spouse. They will not hesitate to take advantage of the situation, especially
when there is an insurance settlement involved.
The best way to avoid investment fraud is through education. Never make
an investment decision without first doing your homework. For example,
check out the broker or investment professional who solicited you. We
have written extensively on this topic in our article,
Reducing Your Odds of Financial Loss Starts with Choosing the Right Investment
Among other things, you also need to find out if the investment you are
considering is registered. There are registration requirements for securities,
brokers and brokerage firms. Read more in our article,
Registration Requirements for Securities, Brokerage Firms & Investment