Be on the Lookout for Los Angeles Investment Scams
The Los Angeles Times recently ran an article warning California investors
to continue to be on the alert for investment fraud, stock scams, and
misleading information. Senior investors and small businesses were particularly
cautioned, and the article pointed to several recent financial fraud cases
as examples of what could go wrong.
For individual investors, many of these problems arise from California Ponzi schemes and unlicensed financial advisors and stockbrokers. Although you can check your broker's history and documentation, these types of scams are often difficult for an average investor to detect and often take in millions before they are discovered.
Senior investors and small businesses need to be careful of investment offers and other scams that hide additional fees and commissions in many pages of "fine print." Additionally, seniors should be suspicious of investment offers that come through the mail or over the phone. Always be sure to meet in person and review all of the documentation regarding the investment.
The investment fraud attorneys with Meyer Wilson remind all investors that education is power. We represent victims of California Ponzi schemes and other investment fraud in stockbroker mediation, arbitration, and litigation.