Selecting an Investment Advisor
Posted on July 1, 2013 by bob in Financial
Whether you’re a novice or an experienced investor, you may benefit from working with a professional financial planner or investment adviser. Selecting an adviser knowledgeable about the particular issues you want to discuss, and who is affordable and trustworthy, is not like selecting a dentist or plumber. The consequences of making the wrong selection can […]
Fraud Busters
Posted on May 28, 2013 by bob in Financial
The Alabama Securities Commission (ASC) is a state government agency with a mission to protect Alabama investors from securities fraud and preserve legitimate capital markets in Alabama. The ASC is an unwavering advocate for Alabama’s “main street” investors. It doesn’t operate from tax payer funds. Instead, in Fiscal Year 2012 it delivered $12,689,077 to the […]
Beware of the “Fraud of the Century”
Posted on May 2, 2013 by bob in Financial
The slow economic recovery and volatile stock markets are making ‘investing’ through the supposedly secretive portfolios of ‘prime banks’ seem more appealing. Promoters claim prime bank trading programs can yield huge returns with NO risk. In reality, ‘prime banks’ do not exist, nor do the instruments in which they claim to trade. In a typical […]
Financial Self-Defense
Posted on April 1, 2013 by bob in Financial
As our country’s over-50 population swells, the Alabama Securities Commission (ASC), and other state securities regulators see tragic cases involving senior investors who have been cheated out of their “nest eggs” by deceitful salespeople who use seniors’ uncertainty about their financial futures to promote unsuitable and fraudulent investment opportunities. These “opportunities” often promise to make up […]
“Grand” Parenting (part 3 of 3)
Posted on November 1, 2012 by bob in Financial
Divorce, death of parents, or a parent’s work or school-related responsibilities are just a few of the reasons some grandparents assume full- or part-time responsibility for their grandchildren. Often known as “kinship care,” a growing number of grandparents are taking on the parenting role of their grandchildren, thus foregoing the traditional grandparent/grandchild relationship. Grandparents who […]
Selecting A Financial Professional
Posted on October 2, 2012 by bob in Financial
Whether you’re a seasoned investor or a novice, you could benefit by working with a professional financial planner or investment adviser whose specialties fit your particular situation. However, selecting the right professional knowledgeable about the specific issues affecting you, who is affordable, trustworthy and who can successfully counsel you on building a secure financial future, […]
SCAM Alert! Bogus Promissory Notes
Posted on September 3, 2012 by bob in Financial
The Commission has investigated and prosecuted a number of cases where con artists steal Alabamians’ money through the offer and sale of bogus promissory notes. These instruments are often sold to purportedly raise capital, to promote growth of an existing company, help finance a new construction project or many other types of investment opportunities. Promissory notes […]
Protect Against Investment Fraud
Posted on August 1, 2012 by bob in Financial
Financial criminals know many seniors have accumulated considerable assets throughout their working years to fund a comfortable retirement. This makes them vulnerable to investment fraud, especially if their retirement savings are used to help make ends meet, or they want to recoup investments lost during a long term recession. Con artists may tempt seniors with […]
Seniors Investing: Fraud Among Friends
Posted on June 29, 2012 by bob in Financial
Are friendships, fellowships, and your desire to trust leading you down a path of financial exploitation? Affinity fraud is an investment scam that preys upon members of identifiable groups, which may include churches, the elderly, ethnic groups, and professional groups. Affinity fraud exploits the faith, love, trust, and friendships that exist in groups of people […]
7 Steps to Protect Your Investments
Posted on May 30, 2012 by bob in Financial
7 Steps to Protect Your $
