FINRA Warns Investors Against ‘follow-up’ Scams

[kreslik.news]

The Financial Industry Regulatory Authority (FINRA), the largest independent regulator for all securities firms ‎doing business in the United States, today warned investors against companies or associations that approaches victims of investment fraud claiming that, for a fee, it can help them recover the sums invested or the losses incurred on unlawfully operating trading platforms.

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This type of activity is typical of the fraud mechanism known as a ‘recovery room’. Although some federal agencies could help people who have lost money, they don’t charge a fee,  ... (read more)