Money Smart in 2016

This year, National Futures Association (NFA) will be celebrating its 10th year of participation in the Federal Reserve Bank of Chicago's Money Smart Week. NFA has participated in more than 15 Money Smart Week events since first joining the initiative in 2006. Continue Reading >

Consumer protection this week, and always

Sunday marks the start of the eighteenth annual National Consumer Protection Week (NCPW). It’s a time to learn about and share information to help people make more informed buying decisions and recognize, guard against, and report scams and fraud. Continue Reading >

NCPW 2016 is March 6-12 — but consumer savvy is an everyday thing

What’s going on with you?

Concerned about data breaches and identity theft? Living on your own for the first time and thinking about budgeting, credit, renting an apartment or buying a car? Were you the victim of a scam? Misled by false advertising claims? Or do you just want to get smarter about products and services you’re considering? Continue Reading >

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 >

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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 >

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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 >