Briefly Noted

Scam Avoidance: NASAA Identifies 2009’s Top Investor Traps

With investors under pressure from the struggling economy, North American Securities Administrators Association (NASAA) reminds investors to take stock of their financial education and arm themselves with the knowledge to sidestep “investor traps.”

Many of the traps identified by NASAA’s Enforcement Trends Project Group promise high returns to cash-strapped investors but provide little if any disclosure of risks and offer high commissions to aggressive sales forces.

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