January 28, 2019
Employer Imposter Scams
The National Consumers League has recently noticed an increase in complaints regarding employer imposter scams. In these scams, fraudsters pose as executives from an organization and ask “their” employees to send gift cards or to wire money on the fraudster's behalf, reassuring employees that this is a business request that will be reimbursed.
Before completing any request involving the transfer of funds, it is important to check your sources and perform due diligence. Read the article to learn tips to help protect yourself and your organization from falling victim to fraud.
Storing and Securing Crypotocurrencies
FINRA has developed a series of articles to assist consumers in breaking down the concept of cryptocurrencies. This article, Storing and Securing Cryptocurrencies, discusses a number of topics, including the differences between:
- Public keys and private keys;
- Cold storage and hot storage; and
- Wallet platforms.
Upcoming Investor Events
National Consumer Protection Week
NFA will participate in the 2019 National Consumer Protection Week (NCPW) steering committee. During NCPW—which takes place from Sunday, March 3 to Saturday, March 9, 2019—steering committee members, partners and local organizations will promote the importance of consumer education by hosting events and providing publications related to identity protection, investment techniques, and how to avoid scams, among other topics.
Traders Expo New York
The Traders Expo offers industry professionals an opportunity to meet with, learn from, and ask specific questions to investment experts from around the world.
At the Traders Expo, NFA will present Avoiding Fraud Is Your Best Money Strategy on Tuesday, March 12. During this presentation, NFA will educate attendees on tools to help them identify warning signs of investment fraud and learn the importance of conducting due diligence.
NFA will also be located at Booth #211. Attendees are welcome to stop by, ask questions, and pick up NFA's educational resources.
Money Smart Week 2019
NFA will be participating in the 2019 Federal Reserve Bank of Chicago's Money Smart Week (MSW)—which runs from Saturday, March 30 until Saturday, April 6, 2019.
This week-long program is a national effort dedicated to promoting financial literacy and education. Events and workshops will focus on topics such as:
- Identity theft;
- Investment and financial fraud scams;
- Investing and wealth building;
- Retirement planning; and
- Credit and debt management
For more information about NFA's participation in MSW, look out for the next edition of NFA's Investor Newsletter.
Recent Enforcement Actions
Almas Capital Management LLC
Classic Energy LLC
Global Asset Advisors LLC
IVG Energy LTD
Mizuho Capital Markets LLC
Mark G. Nichols
Kenneth S. Packard
John Marc Schwaebe
Glenn A. Swanson
Mary Jean Webb
Mathew Douglas Webb