Although we often focus on what fraudsters do to lure investors in, a crucial part of financial fraud is what investors do to lure in the fraudsters! To protect yourself against securities fraud, you need to be able to both identify fraud tactics and implement good habits when it comes to investing. Here are a few things that might make you particularly vulnerable to fraud:
- You don’t really understand how your investments work, but you assume your broker is making the right choices for you.
- You tend to forget to look at your account statements and other investment documents when they come.
- You don’t know how to check up on your broker or brokerage firm.
- You have trouble saying no or give in to pressure easily.
- You never “sleep on it,” and you just can’t resist the siren call of a “once in a lifetime” deal.
- You do most of your investing online or have never met face to face with your broker.
- You get most of your investment advice from family, friends, church groups, and other personal contacts.
Sound familiar? If so, take a few minutes to look around our site and think about the kinds of things you can do to invest more safely. And, for more information, don’t forget to order your FREE copy of our important book Five Signs of Investment Fraud … And What to Do if It’s Happened to You.
If you believe you have already become the victim of investment fraud or stockbroker misconduct, speak with an experienced investment scam lawyer today and schedule a completely FREE legal consultation to talk about your options for recovery.