Internet- and social media-based frauds are the top threats to investors this year, according to enforcement officials surveyed by the North American Securities Administrators Association.
The group, which polled its state and provincial securities regulator members, said that in particular, investors should be on the lookout for investment schemes involving precious metals, cryptocurrencies, promissory notes and foreign exchange markets.
The survey found that self-directed individual retirement accounts, which lack the services and protection of traditional IRAs, can be fertile soil for scammers, especially those involving cryptocurrency-related and precious metals-based investments.
Enforcement officials said they expect to see a resurgence of high-yield foreign exchange and cryptocurrency-related schemes targeting investors this year that are disguised as membership or investment programs.
According to the NASAA survey, 82% of state and provincial securities regulators in the U.S., Canada and Mexico anticipate that bad actors will continue to attempt to leverage investor fear and anxiety related to changes in financial markets and the economy due to COVID-19 to illegally sell securities this year.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
