Avoiding Securities Fraud: The Importance of Reviewing Your Statements
As a securities fraud attorney who has represented hundreds of harmed investors, I often have clients tell me that they wish they had recognized the signs of financial fraud earlier. Sadly, many of these investment scams are hard to detect before it’s too late, even for experienced investors. We recently talked about how you can develop habits that help you avoid fraud, and one of those habits is to always review your account statements.
Why Should You Review Your Account Statements?
It sounds simple, but so many people put their trust in their brokers and don’t really examine their account statements. And sometimes the signs of fraud are right there in front of them! For example, your account statement may reveal:
- Trades you didn’t authorize
- Account numbers that don’t match
- Inconsistent statement periods
- Inaccurate or missing information
- Mysterious or excessive fees
If you spot something fishy on your account statement, be sure to take action as soon as possible. If you suspect fraud and need help after you have suffered investment losses, get in touch with an experienced investment fraud lawyer who can help explain your rights and options. Just give us a call today or fill out our online contact form to schedule a completely free, no-obligation consultation.
For more information about avoiding financial fraud, request your free copy of our helpful book Five Signs of Investment Fraud …And What to Do if it’s Happened to You. This valuable resource is available to you without charge and will help you and your family spot the signs of fraud and take action if you suffer losses. Just give us a call or fill out our contact form to request yours today!