Before investing money in anything at all, you’ve already made a much greater investment. Trust. It’s your greatest asset, and the first thing a scammer will take. So don’t be a courtesy victim and fall for charm or kindness. Make financial decisions with your head, not your heart.
There’s a reason cases of securities fraud are rarely reported. Often victims feel responsible, ashamed or are simply talked out of pursuing legal action. But use your intuition. If you’ve lost money or get repeated excuses from your advisor not to sell, you may be at risk.
The world of investments is complex and daunting. Scammers and con artists regularly overwhelm victims into making poor financial decisions. So arm yourself with knowledge, beware of advisors that try to put your money into something you don’t understand, and know your rights as a client.