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The Financial Industry Regulatory Authority (FINRA) today published an Investor Alert informing consumers about boiler room scams.
According to FINRA, which has received more than 5,000 calls and recovered more than $2 million for consumers since it launched its Securities Helpline for Seniors in April 2015: “Boiler room-style calls touting the next hot stock are alive and well, and they’re costing investors dearly.”
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The Investor Alert is in response to FINRA having been contacted by numerous consumers, particularly seniors, who have complained about receiving high-pressure telephone sales ... (read more)