When the markets go haywire, the financial scam artists come out of the woodwork. According to attorney H. Davis of the securities and arbitration law firm Page Perry, “with the recent extreme market volatility, investors looking for security can be increasingly easy targets for financial scam artists.” According to Mr. Davis, “in times of financial distress investors can be lured by scam artists promoting ‘safe’ or ‘risk free’ investments that offer increased returns despite the current market conditions.”
This is especially true for the over sixty crowd that is panicked about Social Security and the stock market. These groups are desperate for returns making them significant targets for fraud and/or misleading schemes.
Concerns about inflation are also enabling financial scammers to sell bogus “financial products” guaranteed to protect you against rising inflation.
According to Mr. Davis, “investors who believe they may have been the victim of an investment scam need to diligent in contacting someone who can investigate the legitimacy of the investment or practice in order to maximize their chance for any monetary recovery.”
Page Perry is an Atlanta-based law firm with over 125 years collective experience representing investors in securities-related litigation and arbitration. While past results are not indicative of future success, Page Perry’s attorneys have recovered over $1,000,000 for clients on more than 45 occasions. Page Perry’s attorneys are actively involved in representing investors in securities cases. For further information, please contact us.