Think Reporting an Investment Scam Is Easy? The Reality May Surprise You
When people discover they’ve been targeted by an investment scam, one of the first pieces of advice they often hear is simple: “Report it.” But how easy is that process in reality? A new study from BrokerListings sought to answer that question by testing the scam-reporting systems of six major financial regulators around the world. […]
Laws that Protect the Elderly Against Senior Financial Scams
While everyone can be a victim of financial scams, one group is being targeted at astronomical rates. According to Bloomberg, approximately five million elderly Americans are victims of financial fraud each year. It is estimated that these individuals suffer annual losses of almost $37 billion. While this news in itself is startling, it is entirely […]
FTC: Top 10 List of Consumer Complaints
Identity theft is once again the top consumer complaint in America, according to data received by the Federal Trade Commission and released in the agency’s 2012 annual report of complaints. In all, the FTC received more than two million complaints from U.S. consumers in 2012. That was a record number of consumer complaints and it marked […]
FTC Busts Bogus Debt Counseling Company
The Federal Trade Commission has busted yet another operation that preyed upon cash‑strapped consumers who were seeking relief from their credit card debts.