Unregistered Broker Fraud on the Rise

In 2013 state securities regulators received 9,693 complaints from investors and conducted 5,302 investigations on unlicensed brokers ripping off investors. Ponzi schemes remain the most reported problem and then real estate investment scams. The North American Securities Administrators Association says the internet is making it easier for prey to connect with their victims. If you or someone you now is looking to invest make sure it is with a reputable broker.

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