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Investor Newsletter

May 15, 2024

Investor Education

Financial Literacy Month: Learn How to Keep Your Money Safe from Scammers

Each year, April marks Financial Literacy Month, which is a nationwide, collaborative endeavor aimed at highlighting the importance of financial literacy and understanding how to establish and maintain healthy financial habits. As part of this initiative, last month, the Federal Trade Commission (FTC) provided free educational tools for the public to spot, avoid, and report scams and help those they care about protect their bottom line.

Investor Protection

Informed Investor Advisory: Don’t Get Swept Away by a Romance Scam

Be cautious of burgeoning online romance evolving into investment solicitation or requests to borrow money. Scammers are increasingly posing as potential romantic partners to lure victims into fraudulent investment schemes. In its recent Investor Advisory, NASAA discusses some common tactics fraudsters use in investment-related romance scams.

Information courtesy of NASAA

FINRA Investor Insights: Be Alert to Signs of Imposter Investment Scams

Imposter scams can take many forms, and there are new variants every day. In investment-related imposter scams, scammers commonly misuse the names of real registered investment professionals or firms to create the appearance of legitimacy. These schemes can be difficult to spot unless you know what you’re looking for. In a recent Investor Insights post, FINRA describes patterns to be aware of and tips for spotting the scams.

Information courtesy of FINRA

CFTC Article: Don’t Let Fraud Make You Feel Foolish

Fraud is a crime, just like robbery or burglary. While you may feel ashamed or blame yourself for becoming a victim of fraud, be sure to report it. Reporting the fraud will not only give you a sense of justice, but it will also help prevent others from being victimized. The CFTC's recent article offers tips for minimizing harm if you are victimized and covers five common frauds investors should recognize.