FFS - Module Review

Module Review

Investment fraud is a major financial burden to the US economy. Investors often ignore the "red flags" that are present and find themselves losing significant amounts of money each year. Several types of fraud are prevalent: advance fee fraud, affinity fraud, Internet, and social media fraud, Ponzi schemes, and pump and dump schemes. Investors can protect themselves from fraud by:

• Asking questions
• Checking out their financial adviser
• Ignoring unsolicited offers
• Taking their time
• Investing in what they know
• Watching their accounts

Investors have both rights and responsibilities. Their rights include information, complaint resolution, professional service, and privacy. Their responsibilities include: asking questions, resolving disputes, acting ethically, and complaining.

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