The Best Lawyers In America
Learn about the awards our firm has earned and how they can benefit you.
There Is No Risk To You
We work on a contingency fee basis, so you pay only if we win your case.
Do You Have A Claim?
Request a free consultation today to learn how Meyer Wilson can help you.
Who doesn’t want to build wealth? It is this desire that attracts
people to investments that promise high returns. However, scam artists
also use this wealth building desire to persuade individuals to invest
their money. Scammers will dangle the possibility of wealth in front of
investors, which is a tactic known as “phantom riches.” According
to the Financial Industry Regulatory Authority (FINRA), an investment
scam will often take the form of a “big payoff” or “guaranteed
returns.” This phantom riches tactic is one of the most common used
This tactic can be described as follows:
You can protect yourself from this common persuasion tactic. First, ask
a lot of questions. Make sure you fully understand the information provided
to you. Often, scam artists will make the investment appear complicated
or obscure. Once you have your answers, verify them. Before you make any
investment, you should also look into the background of the investment
representative. You can use
FINRA’s BrokerCheck and should also contact your state securities regulator.
Choose a Firm with Accolades:
Investment Misconduct Blog
Texas-based financial advisor David Wayne Krumrey (CRD# 4121845) was terminated from the brokerage firm of Oppenheimer & Company relating to allegations that he violated ...
Bernie Madoff was arrested for stealing $64.8 billion from investors in the single largest Ponzi scheme in United States history less than a decade ago, but Americans are ...
The Financial Industry Regulatory Authority (FINRA) permanently barred registered representative Lisa Lowi for failing to provide on-the-record testimony sought by the ...