Investor Newsletter
August 15, 2024
Investor Education
Military Consumer Month
July is recognized as Military Consumer Month, an annual observance to increase awareness of consumer protections and financial readiness for servicemembers, veterans and military families. Throughout July, MyCreditUnion.gov published resources for military communities that are now available to all.
Learn More about the Derivatives Markets
Want to expand your knowledge of the derivatives markets? Futures Fundamentals is a one-stop educational resource designed to simplify and explain complex market topics. Through interactive features and rich content, the website explains the role of futures markets in everyday life and provides information on the derivatives industry as a whole. Futures Fundamentals is a collective effort that is made possible by a number of contributing organizations across the futures industry, including NFA, CME Group, FIA and the Institute for Financial Markets (IFM).
Investor Protection
It Can Be Hard to Recover from ‘Recovery’ Scams (FINRA Investor Insights)
If you hear from someone claiming, for a fee, to be able to help you recover money you lost from a previous investment or other fraud, be wary. These offers are often recovery scams—a form of advance fee fraud—where scammers charge up-front fees for a service or product they have no intention of delivering. In a recent Investor Insights post, FINRA describes tips for spotting and avoiding fraudulent recovery scams.
Information courtesy of FINRA
How to Identify and Talk about Elder Fraud
Older Americans are more often targeted by scams and report the greatest amount of fraud losses. The CFTC's recent article explains the warning signs caregivers, relatives and friends should watch for, along with information about how to start the conversation about fraud with elders.
Information courtesy of CFTC
Informed Investor Advisory: Mobile App Scams
With the increase of mobile device usage and access to apps, more investors are vulnerable to scammers who have infiltrated the mobile app marketplace. NASAA's recent Informed Investor Advisory explains how these scams work, red flags to watch out for and tips for staying protected.
Information courtesy of NASAA
Recent Enforcement Actions
Complaints
- California Managed Accounts, Inc and Arthur Peck Bartholomew III
- Turing FX LLC, Rockhill Capital Management LLC, and Christian Hillenbrand
Decisions
- California Managed Accounts, Inc and Arthur Peck Bartholomew III
- Clarksons Platou Futures Limited
- East West Global LLC and Luke James Adrian
- Richard Alexander Acosta
- Rimar Capital LLC and Itai Royi Liptz
- Sigma Broking Limited
- Turing FX LLC, Rockhill Capital Management LLC, and Christian Hillenbrand