September 22, 2020
World Investor Week 2020
World Investor Week (WIW) is a week-long, global campaign promoted by the International Organization of Securities Commissions (IOSCO) aimed at raising awareness about the importance of investor education and protection. From October 5 through October 11, investors can participate in a range of activities, such as launching investor-focused communications and services, promoting contests to increase awareness of investor education initiatives, organizing workshops and conferences, and conducting local/national campaigns in their own jurisdictions. Investors can expect more information on WIW, including NFA's upcoming investor education webinar, in the coming weeks.
Understanding Broadly Advertised Investments
Investment opportunities advertised via social media, TV, radio or print invitations to seminars and other similar events are considered "broadly advertised" or "generally solicited" investments. Investors should remain especially vigilant when an investment opportunity is broadly advertised. To better understand these types of advertisements and what investors can do to stay protected, read the SEC's Investor Alert.
Information courtesy of the SEC
Fraud Red Flags
Safety should be top of mind for all investors. When an investor is looking to engage in business with a firm, it is important to be on the lookout for common red flags of fraud, including
- Claims of high returns with little or no risk;
- Unregistered investment professionals;
- Aggressive sales tactics;
- Problems with documents; and
- No net worth or income requirements.
To learn more about red flags, visit the SEC's website. Investors are also encouraged to conduct due diligence via BASIC before engaging with a firm or individual in the derivatives industry.
FINRA's Risk Meter
Are you about to make an investment with a new firm or fund? Investors can utilize FINRA's Risk Meter to see whether they exhibit characteristics and behavior traits that have been shown to make some investors vulnerable to investment fraud.
Information courtesy of FINRA
NFA's Ongoing COVID-19 Response
NFA is committed to providing the investing public with resources related to the evolving COVID-19 pandemic. These resources, among others, include how to file a complaint, how to make an arbitration claim and other important updates aimed at keeping investors informed. To stay up-to-date with NFA's ongoing response to the COVID-19 pandemic, please visit our Coronavirus Updates and Guidance page.
Recent Enforcement Actions
- Argo Wealth Management, Inc., Daniel Morris Miller and Joel Vincent Newcomb
- Dafex Global LTD. and Yury Epstein
- Emerging Manager Advisors, LLC and Paul L. Eckel
- Lakewood Asset Management LLC and Anup Savla
- LTG Trading LLC and Gary Fullett
- Postrock Brokerage LLC and Kevin Meyer
- York Business Associates LLC d/b/a Transact Futures, Infinity Futures LLC, James Paul Mooney, James Cagnina Jr., Patrick Zielbauer and Brian Sass
- Bainbridge Asia Limited
- Dafex Global LTD., et.al. (Yury Epstein)
- Paul L. Eckel
- Emerging Manager Advisors, LLC
- Fintech Investment Group, Inc.
- Alan Friedland
- Long Leaf Trading Group Inc., and James Donelson
- Long Leaf Trading Group Inc., et al. (Connor Paul Campo)
- Long Leaf Trading Group Inc., et al. (James A. Hatzigiannis)
- Long Leaf Trading Group Inc., et al. (Scott J. Gecas)
- Long Leaf Trading Group Inc., et al. (Nicholas Charles Gunther)
- Kevin Meyer
- Monsoon Capital LLC
- Postrock Brokerage LLC
- Gautam Prakash
- Wai Man Yip