“Education and information are an investor’s best defense against investment fraud, ”Melanie Senter Lubin, The North American Securities Administrators Association (NASAA) President and Maryland Securities Commissioner said.
The top threats to investors were determined by surveying North American securities regulators to identify the most problematic products, practices or schemes. The following were cited most often by state and provincial securities regulators:
Investments tied to cryptocurrencies and digital assets,
Fraud offerings related to promissory notes,
Money scams offered through social media and internet investment offers and,
Financial schemes connected to Self-Directed Individual Retirement Accounts.