Top Investors Threats Announced By NASAA

Top Investors Threats by NASAA

The North American Securities Administrators Association (NASAA) recently announced its annual list of
top investor threats after a survey of state securities regulators, identifying the
five most problematic investment products, schemes and tricks as follows:

  1. Unregistered Products/Unlicensed Salesmen – unregistered salesman without any
    training or licensure has flooded the internet, airwaves and telecommunications system bombarding
    unsuspecting investors with slick come-ons. If your salesman is not licensed with FINRA or
    registered with the SEC (link), that’s your first sign of trouble.
  2. Promissory Notes – peddlers of these oftentimes high-interest promissory notes
    target seniors and other individuals living on a fixed income. While promoters of bogus promissory
    notes skirt the securities and registration regulations associated with the sale of promissory note
    products, there have been prominent tool fraudsters in the past several years.
  3. Oil/Gas Investments – drilling projects including partnership and limited
    partnership proposals, oftentimes accompanied by color photographs of drilling sites, drilling maps,
    exuberant graphics and unattainable projections of anticipated oil production and income. Bogus
    wells and drilling projects, as well as frequent dry holes make these projects a sure bet for
    promoters while leaving investors high and dry.
  4. Real Estate-Related Investments – this category includes non-traded real estate
    investment trusts (REIT’s), time share, resales and brokered mortgage notes.
  5. Ponzi Schemes – the early investors are paid with monies raised
    from later investors, with the promoters being the only ones who make money in these bogus schemes.


We offer a free initial consultation to investors who feel they have been victimized in any of these
prominent victimization schemes. For a free initial consultation contact the Law
Offices of Timothy J. O’Connor at (518) 426-7700.

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