Some of the best ways that enable you to protect your securities are:
- Constant monitoring of your assets and stock investments. Do not trust the stockbrokers with the investments blindly. Take their advice regarding the investments and consider it, but make the decisions by yourself. It is the best way to let the brokers know that you are careful enough about your investments. Always demand regular written reports and check the reports carefully. Do not shy away from demanding reports even if you have developed a friendship with the financial advisor. If you sense anything suspicious or are not satisfied with answers from your advisor, call the securities division immediately.
- If the financial advisor or stock broker stops you from pulling out your profits or principle amount invested in shares or mutual funds, inquire about the reason. Promoters of unscrupulous investments take out the invested money and give explanations to investors as to why their money is not available. Or they may lure investors to ‘roll over’ monies into other sources of profits, or other tempting investments, which will only delay the fraud from being exposed.
- If you happen to be a victim of investment fraud, do not feel embarrassed to report the fraud or abuse. Fear or embarrassment should not deter investment fraud victims from reporting what has happened. It not only protects your investments, but also those of other people who could potentially become victims.
If you believe you have been taken advantage of, contact us right away. We can help you know if you have a legitimate securities fraud case.
