Did you know that there are 7 different types of stock fraud? With advancements in the way that we invest and ever more complex investment vehicles available to us, there is greater risk than ever for fraudsters to trick investors into making poor decisions that benefit the crooks. It’s important to know the risks that are out there and how to protect yourself. This infographic does just that.
This great infographic* by Timothy Sykes’ team (timothysykes.com) goes through many of the types of stock fraud and breaks them down.
The following infographic is presented by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and the FREE Market Intelligence Report newsletter (sample here; register here). This paragraph must be included in any article re-posting to avoid copyright infringement.
Now that you know what’s out there, you can stay vigilant.
With all the advances in technology and complex investment vehicles, it’s more important than ever to be very careful where you invest your money, and with whom.
- Always know your broker, check out their background and watch out for scams.
- Don’t trust strangers on the internet or message boards.
- Always, always perform your own research before purchasing stock or otherwise investing in a company.
- Remember, if it sounds too good to be true, that’s because it is.
*http://www.timothysykes.com/2014/05/stock-fraud-infographic/ (2007-2014 TimothySykes™ All Rights Reserved.)