Federal or state securities laws require brokers, investment advisers, and their firms to be licensed or registered, and to make important information public. But it's up to you to find that information and use it to protect your investment dollars. The good news is that this information is easy to get, and one phone call or web search may save you from sending your money to a con artist, an unscrupulous financial professional, or a disreputable firm.
The S.E.C. maintains a web page which is very informative:
Protect Your Money - Check Out Brokers and Investment Advisers
2 comments:
Exactly. Unfortunately, financial advisors are predators too.
I agree Steve. News accounts of predators looking for easy prey have covered almost every source. Where there is $ involved everything and everybody is suspect of having a criminal mind with motive and intent to profit.
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