March 26, 2012
Updated Investor Alert: Well-Traveled Fraud—Advance-Fee Scams Target Non-U.S. Investors Using Fake Regulator Websites and Broker Identities
Non-U.S. investors should beware that scammers are using fraud—including setting up phony "regulator" websites and fake identities—to separate you from your money. We have updated this Alert to tell you about a scam in the United Kingdom where investors receive calls to purchase pre-IPO shares of Facebook. Fraudsters use an an array of high-pressured sales tactics to convince investors to send money to lock in the purchase of non-existent shares of the social networking company. Learn more.
Updated Investor Alert: "Phishing" and Other Online Identity Theft Scams—Don’t Take the Bait
Fraudsters can turn on a dime when it comes to creating new pitches to separate hard-working Americans from their money. Some of these pitches can come in the form of a seemingly authentic email from a financial institution—or even a government agency or other regulator you know and trust. We have updated this Alert to explain some of the latest online identity theft scams targeting financial sector customers.
Are You at Risk for Fraud? Find Out With Our Risk Meter
To find out if you’re at risk for investment fraud, all you have to do is answer a few simple questions. FINRA’s Risk Meter will then let you know whether you share characteristics and behavior traits that have been shown to make some investors vulnerable to fraud. Use the Risk Meter now.
FINRA Investor Education Foundation and United Way Worldwide Announce Over $1.3 Million in Grants for Grassroots Financial Education Projects
The FINRA Foundation and United Way recently awarded more than $1.3 million in grants to 12 recipients as part of the Financial Education in Your Community initiative.
Financial Education in Your Community funds community-based financial education programs across the country. The two-year grants were competitively awarded to local United Ways and other non-profit groups.
"These local organizations have a unique ability to provide low- and middle-income Americans with the information and support they need to make sound financial decisions and save for their long-term financial security," said Gerri Walsh, President of the FINRA Foundation.
Learn more about the grantees and their projects.