By: Jack Waymire | August 3, 2009 | Illegal Schemes & Scams
Another blog site asked the question, who were the most frequent victims of investment schemes and scams? The surprising answer came from the investor education professionals at FINRA, the financial service industry’s self regulatory agency.
The most frequent victims are male, age 55 to 65, college educated, financially literate, and active investors who have self-directed accounts. It is not the little old lady from Pasadena or your typical first time investor.
In other words, these investors should have known better.
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