In an investment alert dated February 9, 2016, the Financial Industry Regulatory Authority (FINRA) warned investors that high-yield CD offers can be big for high-commission investments. The investor alert warns against sales pitches designed to trick unsuspecting investors into purchasing very costly, potentially risky investments which are not in fact FDIC insured CD like products.

Product pitches may include a fixed or equity-indexed annuity or other complex investments that are not FDIC-insured. FINRA has also expressed concern that these pitches may be targeting new bank or credit union customers with pitches also including a “bonus” or other come-on incentives.

We offer a free initial consultation to investors who feel they may have been victimized with fraudulent high-yield CD offers and purchase transactions. For a free initial consultation contact the Law Offices of Timothy J. O'Connor at (518) 426-7700.