Debunking Myths: Who is Really at Risk of Investment Fraud?

Who is most at risk of being a victim of investment fraud?

You are.

Really.  All of us are at risk. According to FINRA, “…America is a nation at risk. More than 8 in 10 Americans have been solicited for potential fraudulent offers.”

What do all victims have in common?  Money.  They also share several characteristics.  According to saveandinvest.org, potential victims are:

  • Self-reliant when it comes to making decisions
  • Optimistic
  • Have above average financial knowledge
  • Have above average income
  • Are college educated
  • Have experienced a recent health or financial setback
  • Are open to listening to new ideas or sales pitches

Do any of these characteristics describe you? If so, now is the time to learn more about the risk and how to protect yourself by listening to this FINRA podcast.  Interested in more information? Check out these smart tips for investors and learn more about financial fraud from the poster below.

Financial Fraud in the United States