National Consumer Protection Week: March 1-7, 2015

NCPW

By: Ryan Corbin, Fall 2014 Student Intern

Join the Investor Advocacy Clinic in celebrating the 17th annual National Consumer Protection Week (NCPW) next week!  NCPW is a coordinated campaign that encourages consumers to take advantage of their consumer rights and make better-informed decisions.  Participants include the Better Business Bureau, Consumer Financial Protection Bureau, Federal Bureau of Investigation, FINRA Investor Education Foundation, Georgia Governor’s Office of Consumer Protection, U.S. Securities and Exchange Commission Office of Investor Education and Advocacy, and many more.  However, we all can participate by becoming informed consumers and helping others to avoid scams.

You may be wondering where to start. First, follow the Investor Advocacy Clinic’s blog next week for posts tailored to consumer protection.  Second, visit the NCPW website for free educational resources and to read blog posts from national consumer protection experts.  Finally, help spread the word in any way you can.

If there’s anything you have learned from the Investor Advocacy Clinic, it is that scams to get at your money are prevalent in today’s society. However, this shouldn’t scare you.  Simply being aware of what’s out there will drastically decrease your chances of ever becoming a victim.

With smart phones and the internet quickly becoming the exclusive medium for today’s consumer, I would like us to smartly use our devices.  Over the next few days I will provide us with some tips that every online consumer should be aware of.

Until then, learn more about NCPW by watching this video.

My Clinic Story: Kristina Ludwig

To apply for our Fall 2015 semester, please use the in-house clinics application form, located here.  Applications are due no later than February 27 at 7:00 p.m.

By Kristina Ludwig, Fall 2014 Student Intern

ludwigI found the Investor Advocacy Clinic to be a very rewarding experience because it served as an introduction to working at a law firm. During the semester, I had the opportunity to interview clients, analyze their cases, and determine whether they were eligible for representation.  I learned how to conduct client intake and document review while also keeping track of my billable hours and discovering the importance of the up-to-date case plan.  I would recommend the Clinic to anyone who would like to gain some practical experience before they graduate, or anyone who is interested in securities arbitration.  I predict that the Clinic will be one of the most valuable classes I will take and I am glad that I took advantage of the opportunity when it presented itself.

Military Saves Week 2015: Covering All Your Bases with a Few Investor Basics

By Kristina Ludwig, Fall 2014 Student Intern 

 

 

Anything worth having doesn’t happen overnight

So this is how to keep financial security in sight,

Make sure you save your dollars for the next rainy day

And always, always, ALWAYS work harder than you play.

 

Do not invest in anything that’s too good to be true;

Those animals exist only in the financial fraud zoo.

Be wary of pressure or time-sensitive deals;

It’s a tactic of crooks and how the unscrupulous steals.

 

Always look up a broker on FINRA’s BrokerCheck

And visit the SEC if you’ve an investment to vet.

If the investment is not registered or in some way exempted,

Then the investment might be illegal, so do not even be tempted.

 

Never invest based on one’s person’s claim

Or when your group of friends are doing the same

Because Affinity Fraud is a very real threat

And could even be promoted by a fellow service Vet.

 

For more investor basics, try this website, don’t be nervous.

And from the IAC, we thank you for your service.