Fraud does happen… and it can happen to you. MPT’s Get In Charge initiative presents “Tricks of the Trade: Outsmarting Investment Fraud”, a documentary on preventing fraud, including a discussion with Maryland consumer advocates on avoiding scams, and the steps to take to keep yourself and your finances safe.

Watch Tricks of the Trade: Outsmarting Investment Fraud on PBS. See more from WMPB.

Fraud prevention tips with stories from victims, and help from MD consumer advocates

Program: MPT Specials
Episode: Tricks of the Trade: Outsmarting Investment Fraud

Category: Legal, Really, really bad calls, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Tricks of the Trade: Outsmarting Investment Fraud”

  1. lelford says:

    FINRA protecting from financial fraud? Sure, if it is tiny enough. Large scale or systemic fraud and deception of consumers BY financial professionals is many orders of magnitude more harmful than the damage done by those FINRA is out hunting. FINRA IS the organization (think lobby group) FOR people calling themselves investment “advisors”. They have little interest in protecting the public from systemic deceit BY investment “advisors”. Such deceit is (in my opinion) the source for hundreds of billions of harm done to the public each year. Harm done in the race to meet the “perverse incentives” put in place by the investment industry to “sell”, combined with the very interesting willful blindness (FINRA?) of letting licensed brokers and commission salespersons fool the public into the belief that they are licensed “investment advisors”. see a first draft US and Canadian video look at what I call the world’s greatest Bait and Switch fraud http://youtu.be/pXBPXthM91E (forgive me for not being Spielberg)

  2. lelford says:

    ……continued from above

    For an even better analysis of the systemic “deceit” problem occurring when quasi-regulators let commission salespeople misrepresent themselves as “advisors” to the public, see this SEC submission: (see topic on page 21 in the table of contents)

    http://ftp.sec.gov/rules/petitions/2012/petn4-648.pdf