Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Free NASAA Webinar Helps Investors Understand Risks of IRAs, What to Do if an Investor Suspects Investment Fraud

NASAA Offers Webinar to Help Investors Understand Risks of Self-Directed IRAs

Though the SEC issued warnings last year about the potential for investment fraud in self-directed individual retirement accounts, regulators continue to worry that investors don’t truly understand the risks associated with the products. With at least $92 billion of U.S. retirement money currently invested in self-directed IRAs, regulators are right to be concerned. Particularly when investor complaints about the products – including claims of misrepresentations and omissions – are increasing along with consumer demand.

In an effort to help combat investment fraud and raise investor awareness about the risks of self-directed IRAs, the North American Securities Administrators Association (NASAA) and the Retirement Industry Trust Association (RITA) will offer a joint educational webinar this week. Designed to help investors protect their retirement accounts, the webinar will focus on:

• The warning signs of investment fraud in self-directed IRAs;• What investors should do if they suspect fraudulent activity; and• How regulators help protect investors who use self-directed IRAs.

“Education is the best defense against investment fraud. Self-directed IRAs can provide a safe path toward retirement, but investors need to be aware of the red flags of fraud,” said Jack E. Herstein, NASAA President and Assistant Director of the Nebraska Department of Banking & Finance, Bureau of Securities.

The webinar will be free and open to the public. It is scheduled for July 18 at 2 p.m. EDST. Anyone interested in attending can register here.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram