Would You Have Been Sucked in by Bernie Madoff? How to Avoid a Ponzi Scheme

By James | March 25, 2009

Bernie Madoff being behind bars doesn’t mean it’s safe. There are plenty of people like him in business right now waiting to bilk you out of your hard earned money. So, how do you avoid being scammed? These tips will help you:

Do Your Research - Put potential brokers’ and investment managers’ names and company names into FINRA BrokerCheck. Make sure they do not have any suspensions. Also, look for any Customer Disputes, Disciplinary, and/or Regulatory Events. You may wish to avoid this advisor if you find any of the above.
Separate propecia discount Manager cheapest cialis From misoprostol Custodian – Do not allow an investment manager to have complete control of your funds. If the manager asks you to make checks out directly to him/her it is most likely a scam. Make certain that your funds will be in the custody of a broker-dealer firm regulated by the Financial Buy Levitra Industry Regulatory Authority and backed by the Securities Investor Protection Corp.(SIPC)
Look Into the Auditing Firm - Check out the auditing firm, make sure it exists and has a reasonably sized office. buying amoxicillin online Past ponzi schemes have involved auditing firms that were nothing more than a P.O. Box or storefront. Go to the physical office and shake hands with at least one certified public account(CPA). Have them show you accounting documents regarding buy clomid online without a prescription your potential investment advisor’s fund.
Gut Check - Follow your gut instincts. If the performance claimed by the investment buy kamagra soft advisor seems too good to be true,… it probably is. amoxil buy Skip it and move on. Listen to your intuition, many buy cialis pill times it is correct.