With fiscal cliff worries roiling Washington, interest rates at an all-time low and volatile stock markets, investors are facing a lot of uncertainty. Financial turmoil can provide the perfect opportunity for fraudsters to lure investors into investment scams promising high or consistent returns. Faced with an uncertain economic future, consumers might be enticed into schemes that promise security in an insecure world.
But Better Business Bureau and the FINRA Foundation are helping investors fight back against fraud. BBB and the FINRA Foundation have launched a new consumer website, BBB Smart Investing. This new resource will help investors make smart investing decisions while avoiding fraudulent investments and unlicensed brokers.
Nearly half of the BBBs based in the United States have begun rolling out programs and hosting events in their local areas. FINRA Foundation tools are being used by trained BBB presenters across the country to give consumers the help they need to spot and avoid investment scams.
If you cannot attend a local event, you can still help protect yourself by ordering a free DVD, “Trick$ of the Trade: Outsmarting Investment Fraud.” This hour-long documentary originally appeared on PBS and was recognized by Kiplinger’s Best of Everything. While you can’t control what happens with taxes or interest rates or the economy, you can keep your hard-earned money safe from con artists.
Read the full article here, www.bbb.org/us/article/bbb-and-finra-foundation-launch-smart-investing-website-to-help-stop-investment-scams-38936.