Fraud Prevention

New fiduciary standards and stockbroker fraud

By WEALAW / January 18, 2016 / Comments Off on New fiduciary standards and stockbroker fraud

There is a battle going on right now in Congress that will affect stockbroker fraud cases in the years to come. Here are some updates and stories from various news sources to get you up-to-speed quickly. Department of Labor Proposes Rule to Address Conflicts of Interest in Retirement Advice, Saving Middle-Class Families Billions of Dollars Every…

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Be Wary of Pressure to Invest Immediately

By WEALAW / May 14, 2015 / Comments Off on Be Wary of Pressure to Invest Immediately

A true financial professional wants you to be comfortable and invest in what is best for you in your time. A scam artist wants you to invest in what is best for him or her as quickly as possible. Any pressure to invest immediately because the golden opportunity will be gone in a flash is a…

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If Investment Advice Sounds Too Good To Be True, It Is Likely To Be Fraudulent

By WEALAW / March 30, 2015 / Comments Off on If Investment Advice Sounds Too Good To Be True, It Is Likely To Be Fraudulent

Old aphorisms are often helpful in ferreting out fraudulent advice.  One such aphorism is: “if it sounds too good to be true, it is.”  One unchangeable law of investing is that the higher the rate of return on an investment, the higher the risk of the investment.  Anyone who claims that a high rate of return or…

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