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In this slow moving economy, countless retirees have watched their nest
eggs shrink. Many have become fearful that they won’t have enough
money to live out their retirement years. Some are worried that they won’t
have anything to pass on to their heirs. It is these very concerns that
put older investors at risk of investment fraud. Yet, criminal scams aren’t
the only threat to investors.
There are several other issues that retirees face. According to an article by
The Associated Press, “Protecting Elderly Parents From Financial Catastrophe,”
in addition to
Ponzi schemes and other types of investment fraud, inappropriate investments are also
a problem for senior investors.
These inappropriate investments can create many complications for investors:
As an investor, there are some tactics you can take to reduce your risk
of financial loss:
With all that being said, it is important not to minimize the serious risk
of investment fraud. According to The Associated Press, there have been
at least a dozen cases in recent weeks in which advisors supposedly stole
money from investors. These alleged cases of fraud involved $416 million
and occurred in as many as 22 states.
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Investment Misconduct Blog
Fifth Third Securities, Inc. was fined by the Financial Industry Regulatory Authority (FINRA) earlier this week for $4 million and was ordered to pay restitution of $2 million ...
Ethan De Naray, currently a registered broker with Feltl & Company, was terminated from his position with Merrill Lynch in May of 2017 after allegedly using discretion in ...
A new bill called the Compensation for Cheated Investors Act would require FINRA to pay investment losses back to investors from a pool of funds. Unpaid arbitration awards ...