The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and the National Football League (NFL) recently announced that they are working together to help incoming NFL players spot and avoid investment fraud and begin their playing careers by making informed financial decisions. This joint FINRA Foundation/NFL initiative will reach prospective NFL players and their families.
Players will learn how to choose the right financial professional and how to do a background check. Players also will learn about the risks of taking on debt. NFL Player Development and NFL Security, in collaboration with the FINRA Foundation, have launched this initiative to reach players through 60- minute presentations, along with information booths in main traffic areas that will provide FINRA Foundation and NFL resources.
NFL Player Development and NFL Security are working together to tackle the problems posed by a lack of knowledge about how to manage the financial advisor selection process. The NFL’s work with the FINRA Foundation will bring needed resources and tools to players and their families so that they can protect themselves from fraudulent and deceptive practices.
Unfortunately, athletes are often targeted by unscrupulous brokers. Hopefully this program will better prepare NFL athletes to select trustworthy advisors.
If you have questions about investment fraud, the securities attorneys of The White Law Group can help. For a free consultation, please call the firm’s Chicago office at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.