Common Types of South Florida Securities Fraud to Watch Out For
Recently, the FBI Miami field office spoke with The Miami Herald about
securities fraud in South Florida and warned Florida investors that financial
fraud is still on the rise. In just the last year, the Miami office alone
has charged 34 people with securities fraud, which resulted in more than
$1 billion in restitution.
Securities fraud can come in many forms, ranging from stockbroker misconduct to phony oil & gas investments. As cases of securities fraud continue to takes millions from investors each year, the FBI urges investors to especially be on the lookout for the following types of investment scams:
- Commodities Fraud, which includes precious metals, oil & gas investments, fine art, and more.
- High Yield Investment Fraud, which includes Ponzi schemes or pyramid scams.
- Market Manipulation, which includes “pump and dump” schemes.
As always, investors are advised to research any potential investments
carefully, including checking with your state regulators and asking questions
about the seller and his or her company. If you are being pressured to
put money into an investment, or if an investment seems to offer
high returns with little risk, then it could be a potential investment scam.
If you are looking for an experienced Miami securities fraud lawyer, speak with Meyer Wilson today. We represent harmed investors nationwide in stockbroker mediation, arbitration, and litigation and have helped hundreds of investors recover their investment losses.
For more information about protecting yourself from financial fraud and stockbroker misconduct, request your FREE copy of our helpful book Five Signs of Investment Fraud …And What to Do it it’s Happened to You.