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Investor Newsletter

November 28, 2023

Investor Education

Webinar: Recent Fraud Trends and Tips for Avoiding Them

World Investor Week (WIW) is a week-long, global campaign promoted by the International Organization of Securities Commissions (IOSCO) to raise awareness about the importance of investor education and protection. The seventh annual WIW took place from Monday, October 2 through Sunday, October 8, 2023.

As part of WIW, NFA and the Commodity Futures Trading Commission (CFTC) held a free webinar entitled Recent Fraud Trends and Tips for Avoiding Them on October 5, 2023. This webinar covered the key messages of WIW, including:

Verifying that an investment professional is licensed;
Researching investment opportunities independently to protect against financial scams;
Conducting due diligence when considering investments; and
Recognizing the warning signs of investment fraud.

Investor Bulletin: World Investor Week 2023

For World Investor Week 2023, the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the CFTC, NFA, the Securities Investor Protection Corporation (SIPC) and the North American Securities Administrators Association (NASAA) published a bulletin offering investors tips to increase their resilience.

Information courtesy of the SEC

Investor Protection

Pretexting: Fact or Fiction? (FINRA Investor Insights)

Pretexting is a scam technique in which hackers use a fabricated story, or pretext, to convince victims to download malware, send money or share sensitive information. In a recent Investor Insights post, FINRA describes the most common types of cyberattacks involving pretexting and offers advice on how to identify and avoid these attempts.

Information courtesy of FINRA

Informed Investor Advisory: Other People’s Money Investment Scams

Scammers are targeting victims with the promise of making big returns by trading “other people’s money.” NASAA's recent Informed Investor Advisory explains how these scams work, red flags to watch out for and tips for staying protected.