I’m a reasonably experienced investor. Do I still need to worry about
investment fraud and researching every investment?
If you think experience makes you immune to investment fraud, think again.
Many experienced and sophisticated investors suffer investment losses
as the result of fraud every year. Although it can be easy to let your
careful investigation of documents, investments, and advisers slide, realize
that experience alone does not make you immune to financial services fraud.
The fraudsters who run
Ponzi schemes and investment scams are good at what they do, and they often have a sophisticated
understanding of the financial world. Experienced investors may be especially
vulnerable if they overestimate their own ability to spot investment fraud
and choose investments. Many fraudsters will first work to earn your trust
and then convince you that there is no need to waste time “reading
up” on the basics of an investment when you could be making money
right away. No matter what your level of experience is, there is no substitute
for careful research and monitoring—each and every time you invest.
Investment fraud can happen to anyone, regardless of their investment experience.
If you or a family member has suffered investment losses due to fraud,
please give us a call. The investment fraud lawyers with Meyer Wilson
have represented more than 800 investors nationwide, and we would be happy
to put our knowledge, skills, and experience to work for you.