SEC Releases Updated List of Fake Regulators

The Securities and Exchange Commission on Monday updated its list of fictitious regulators and firms falsely claiming to be registered, licensed and/or located in the U.S., along with entities that impersonate actual U.S. registered securities companies. Included in the fresh list are 25 new soliciting entities and four phony regulators: Board of Financial Affairs, Finance Regulation Board, New…

How Millenials Could Make the Fed’s Job Harder

WASHINGTON — “They say millennials are lazy,” billboards plastered across 15 major cities declared last summer. “Retire early and prove them right.” That sentiment, reflected in ads for the investment manager Prudential, is the stuff of a 30-year-old’s fantasy — and the Federal Reserve’s nightmare. A young generation of aggressive savers could leave central bankers…

Elderly Getting Scammed

t’s a story that happens all too often. Angie Kennard’s father had met someone on a dating website, and the woman quickly began pouring her heart out to the 79-year-old despite never meeting him in person. During the exchanges, the woman started requesting money to support her and her daughter, and that “support” blossomed into…

SEC Issues Warning on Coronavirus Investment Scams

The Securities and Exchange Commission is urging investors to be on the lookout for investment frauds related to the coronavirus, as the agency has spotted what looks to be such scams via internet and social media promotions. The agency’s Office of Investor Education and Advocacy released an Investor Alert on Wednesday warning about investment frauds…

Social Security Phone Scams on the Rise

In the past week, I have received more than a dozen phony calls on my cell phone warning me about “suspicious activity” in my Social Security account and threatening to cut off my benefits if I don’t return the call. Luckily, I know they’re fake calls and I just hang up, but thousands of vulnerable…