By Benjamin Stubbs, Spring 2014 Student Intern
It’s often been said that those who are unaware of the past are doomed to repeat it. Earlier this year, the North American Securities Administrators Association (NASAA) posted a “list of the 2013 top 10 financial products and practices that threaten to trap unwary investors and small business owners.” Over the next ten weeks, I will blog on each of the threats that NASAA identified, in a new series called Fraud Fridays. Because many of last year’s threats will most likely hang around for 2014, stay tuned so you can learn to recognize and avoid them. It’s our hope here at the Investor Advocacy Clinic that we can save you from the doom of repeating others’ past mistakes so that you’ll enjoy a future of safe and successful investing.