Complicated Products and Strategies Could Be Investment Fraud
When an Investment Seems to Complicated or Promises Too Much, Step Back
You’ve been pitched a complicated, new investment product, or you’ve met a financial advisor or broker who claims to have an innovative new investment strategy that will make you rich.
However, what you may not realize is that some investment con artists rely on convoluted pitches, vague promises, and “fine print” to drag you into a scam—and some of the newer investment products are so complicated that many brokers or advisors may not understand how they work!
Making Sense of a Complicated Pitch
If there are so many complicated pitches out there, how can the average investor make sense of these complicated investment pitches and avoid investment fraud? Here are a few tips for dealing wisely with complicated investment products or strategies:
- Ask questions until you understand how the investment or investment strategy works. If you just can’t make heads or tails of it, you might want to skip it.
- Check out the investment and the promoter through Google, FINRA's BrokerCheck, the BBB website, and the SEC’s EDGAR database.
- Review the investment offer with a third-party financial professional of your own choosing.
- Find out how your broker or advisor will be getting paid, and look for any unusual commissions or fees.
If you have lost money on an investment and suspect you’ve become the victim of investment fraud, please reach out to an experienced investment fraud lawyer for guidance today. You can reach Meyer Wilson today by phone, or by filling out the confidential online contact form on this page.