Securities Arbitration Lawyers Blog5 Tips for Preventing and Discovering Stockbroker and Investment Fraud
Frauds can go undetected for years, so what can investors do to prevent, identify, and address this growing issue?
In a financial environment where a uniform fiduciary standard for brokers doesn’t yet exist, it pays for clients to be constantly vigilant for signs of stockbroker and investment fraud. Even when brokers are legally required to act in your best interest, it is still in your best interest to confirm that they are. Sometimes it can take years to detect a problem, so what can you do to spot fraud? How can you confirm that a fraud has occurred? And what do you do when the worst has happened to you?
1. Choose the right broker