White Securities Law

MENU
  • Securities Litigation
    • Securities Fraud
    • Securities Employment
    • Common Claims
    • FAQ
  • Attorneys
  • Publications
  • Blog
    • Securities Fraud
    • Current Investigations
  • Podcasts

Contact Us For A Free Consultation
(312) 238-9650 or (772) 242-9330

February 22, 2017 Comments (0) Blog

AARP Reports Common Traits of Investment Fraud Targets

broker churning
(Last Updated On: March 8, 2017)

AARP Fraud Watch Network Campaign Survey Identifies Investment Fraud Targets

According to a recent AARP survey, investment fraud targets typically exhibit an unusually high degree of confidence in unregulated investments. They also tend to trade more actively than the general investor population.

Many of fraud victims reported that they view wealth accumulation as a significant measure of success in life and acknowledged being open to unsolicited telephone and email sales pitches, the organization said in a news release.

The AARP Fraud Watch Network has launched a campaign to warn consumers about the inclinations and activities common to investment fraud victims, in response to the survey’s results.

The majority of the fraud victims are married seniors, male and military victims.

Unlike most investors, those prone to becoming fraud victims reported valuing wealth accumulation as a measure of success in life, being open to sales pitches, being willing to take risks and describing themselves as ideologically conservative. They also said they frequently receive phone calls and emails from brokers, make five or more investment decisions a year, and respond to remote sales pitches by phone, email or TV commercials.

The survey of fraud victims involved 214 telephone interviews; 600 other interviews were conducted among other investors.

AARP’s survey report notes that economic forces have converged to make the current environment ideal for investment swindlers to practice their craft. The Fraud Watch Network survey, conducted in August and September 2016, included interviews with more than 200 known victims of investment fraud and 800 interviews with members of the general investing public.

AARP Fraud Watch Network Campaign offers these investor protection tips:

  • Invest only with registered advisors and investments.
  • Don’t make an investment decision based solely on a TV ad, a telemarketing call or an email.
  • Put yourself on the Do Not Call list.
  • Get a telephone call blocking system to screen out potential scammers.
  • Limit the amount of personal information you give to salespersons until you verify their credentials.
  • Don’t make an investment decision when you are under stress.

This information is brought to you by The White Law Group, and is publicly available. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

If you have suffered investment losses, the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510.

For more information please visit www.whitesecuritieslaw.com.​

 

» AARP fraud watch network, AARP investment fraud survey, broker churning, Chicago broker fraud attorney, Chicago churning attorney, Chicago FINRA attorney, Chicago investment fraud attorney, Chicago securities attorney, Chicago securities lawyer, churning turnover ratio, Excessive brokerage fees, Excessive buying and selling securities, excessive financial advisor commissions, excessive financial advisor fees, Excessive stockbroker commissions, Excessive stockbroker fees, financial advisor account churning, financial advisor Churn & burn, financial advisor churning attorney, financial advisor churning lawyer, financial advisor Excessive commissions, Financial advisor Excessive fees, financial advisor Excessive transactions, Financial advisor frequent trades, Florida churning attorney, Florida churning lawyer, Frequent broker commissions, Frequent brokerage fees, how much trading is too much, Illinois churning attorney, Illinois churning lawyer, investment advisor account churning, investment advisor churn and burn, investment advisor excessive commissions, investment advisor excessive fees, investment advisor excessive transactions, investment advisor frequent trades, investment scam, investor protection, investor tips, securities fraud attorney, securities fraud victim, Securities Lawyer, stockbroker Account churning, stockbroker churning and burn, stockbroker churning attorney, stockbroker churning lawyer, stockbroker excessive commissions, stockbroker excessive fees, stockbroker excessive transactions, Stockbroker frequent trades, Vero Beach broker fraud attorney, Vero Beach Churning Attorney, Vero Beach FINRA attorney, Vero Beach investment fraud attorney, Vero Beach securities attorney, Vero Beach securities lawyer, what is churning, what is excessive trading, what turnover ratio is considered churning

» Blog » AARP Reports Common Traits of Investment Fraud Targets

Need Help?

Search WhiteSecuritiesLaw.com

Social

(312) 238-9650 | Fax (312) 238-8950 | (772) 242-9330 | 205 W. Randolph St., Suite 1200, Chicago, Illinois (IL) | Miracle Mile Center. 595 21st Street, Suite 200. Vero Beach, Florida 32960

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. © 2015 by The White Law Group, LLC All rights reserved.