SEC Imposters Cash In on Weary Investors

The Securities and Exchange Commission warned investors Monday about con-artists using the names of actual SEC employees to trick unwitting victims.
I don’t know about you, but I don’t know the names of any SEC employees, and if someone called me claiming to be from the SEC, I’d probably give them about as much credibility as a Nigerian prince.
But apparently investors in the U.S. and abroad have fallen prey to the tricksters, to the point of providing access to brokerage accounts and sent payment to the imposters.
It’s not just individuals who are at risk. Investment advisers have been contacted by fake …read more