Investing

Spotting an illegal pyramid scheme 101

Your social media feed is abuzz with stories of people making serious money selling an energy drink. Not one to miss out an opportunity, you do a quick search and come across a viral video. The guy making the pitch insists you can make thousands of dollars a month. “Forget working 9 to 5. Join the Young People Revolution!” he says. You think to yourself, “I’m young people! And I can totally get on board with a revolution.” Continue Reading >

Blog Topic: 
Your Business, Investing

Life happens…

What’s going on in your life today? Preparing to graduate? Have a changing family dynamic? Returning from military service? Or just moving into this country? Big life changes seem to come frequently, and they don’t just impact your daily routine — they can affect your finances, too. Here are some ideas to help you land on your feet when you face a change. Because who has time to panic? Continue Reading >

Fortuneteller or financial advisor?

You might like your financial advisor to predict the future in ways that could help you get rich. But legitimate advisors won’t promise to know what comes next – and you shouldn’t invest with anyone who guarantees you riches. It’s kind of a rule of thumb about investing: there are no guarantees, and anyone who promises you big money is likely running a scam. Continue Reading >

Blog Topic: 
Scam Alerts, Investing

Credit card use denied at retail foreign exchange firms

National Futures Association (NFA) recently announced that the Commodity Futures Trading Commission approved banning the use of credit cards to fund retail foreign exchange (forex) and futures accounts. The ban became effective January 31, 2015. Continue Reading >

Blog Topic: 
Investing

Protecting Your Online Brokerage Accounts from Fraud

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help investors protect their online brokerage accounts from fraud.  As with all web-based accounts, investors should take precautions to help ensure that their online brokerage accounts remain secure.  These online security tips can help.    Continue Reading >

Blog Topic: 
Technology, Investing

Don’t Get Scammed by Investment Fraud on the Internet

Social media and the Internet have become important tools for investors — both younger and older. Social media and the Internet provide not only a wealth of information for investors, but also opportunities for those looking to take advantage of innocent victims.  Scam artists use social media and the Internet to conduct complex frauds and schemes that even the most seasoned investor may have trouble detecting.    

Here are examples of the types of schemes you should be on the lookout for when using social media and the Internet: Continue Reading >

Blog Topic: 
Investing

Get ready for National Consumer Protection Week!

It’s about that time again. Are you ready?

Every year, National Consumer Protection Week (NCPW), encourages people and businesses to learn more about avoiding scams and understanding consumer rights. This year, NCPW takes place March 1-7, 2015. NCPW highlights free resources from government agencies and consumer organizations to help people make smarter buying decisions and spot rip-offs. Continue Reading >

There’s smart. And then there’s CFTC SmartCheck.

Investors often fail to check the background of their financial professional, making themselves vulnerable to fraudsters. Additionally, investors can sometimes overlook signs that indicate there’s something wrong with the person, and instead focus on just the supposed profit. This can leave them vulnerable to fraud and financial predators. Continue Reading >

Blog Topic: 
Investing

Military consumers: Salutes to you!

Frequent relocation, separation from family and friends, the stresses of deployment and a steady paycheck from Uncle Sam can make military households an attractive target for scam artists. That’s why the Department of Defense, the Federal Trade Commission, the Consumer Financial Protection Bureau’s Office of Servicemember Affairs, and Military Saves have joined to sponsor Military Consumer — a campaign to empower military and veteran communities with tips and tools to be informed consumers.    Continue Reading >

Legal and financial planning for people with Alzheimer’s disease

When someone is diagnosed with Alzheimer’s disease or another serious illness, it is important to update financial, legal, and health care arrangements as soon as possible. Continue Reading >

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