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SEC: Investment Scam Complaints on the Rise

The Securities Exchange Commission recently revealed that is has received an increase in complaints regarding possible investment scams, according to an SEC Investor Alert.

As stated in the Alert:

“The SEC has recently experienced a significant uptick in tips, complaints, and referrals involving investment scams. The SEC’s Office of Investor Education and Advocacy urges investors to be on high alert in order to protect themselves and others from becoming victims of investment fraud.

Fraudsters use times of uncertainty and change, such as the current COVID-19 pandemic, to lure victims into investment scams.”

The SEC urged investors to watch out for four types of investment schemes, including Ponzi schemes, fake CDs, stock promotions involving COVID-19 claims, and community-based financial scams.

Fishman Haygood’s Investment Fraud Division monitors activity by the SEC, FINRA and other regulatory agencies activity to keep abreast of how these entities are looking out for investors. If you believe you have suffered losses due to the advice and/or actions of your broker or investment advisor, please contact us to discuss your possible claim.


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