Investment fraud is also known by its technical name, “brokerage Fraud”. It occurs when an advisor or brokerage firm advises a client to go against the Securities and Exchange Commission guidelines. Don’t fall for the traps of unscrupulous brokerage firms. Learn how to avoid falling prey to them. If you need a trusted lawyer to help secure or lose your investment, you can find experienced lawyers on investmentfraudlawyers.com
Most investment fraudsters target elderly people, which is sad. Many seniors have the characteristics fraudsters seek – large savings accounts and a tendency to trust more easily. This group should be especially cautious. Avoid dealing with scammers online and instead invest your money directly at banks.
If you don’t know much about legalese, you should never sign anything without a trusted lawyer. Do your research before you hire a lawyer. It is a good idea to read and understand all the terms and conditions attached to any investment offers. Many fraudulent companies make it difficult for you to understand the fine print in their contracts and agreements.
The most commonly used investment fraudsters’ schemes are the ‘Prime Bank Instruments. They will use the names of some of the most respected banks to get you to invest your money. They may offer to pool your funds with other investors. You may be tempted to invest more by the promise of good returns. The’returns they give’ are just money from other victims. After a couple of cycles, they vanish along with your money.