menu

Homepage > News > Top Investor Threats for 2021 by NASAA

Top Investor Threats for 2021 by NASAA


A group of US and Canadian regulators has released its annual list of Projected Risks in Investment Markets.

According to the North American Securities Administrators Association (NASAA), the biggest threat on the market in 2021 will be:

  • fraud in social media and the Internet,
  • fake offers based on cryptocurrencies and precious metals,
  • Forex scams.

The list is based on a survey of national and local financial regulators responsible for investigations. Officials from the United States, Canada and Mexico were asked for their opinion. According to them, the bigest threat will be online fraud. Cryptocurrencies and precious metals were on the second place. According to the respondents, scams focused on retirees will be a particularly big problem in this case. The big three threats are closed by the Forex market. Officers here expect another year of large financial pyramids.

Still a pandemic

NASAA has determined that 82% of state and provincial regulators predict that fraudsters will continue to try to exploit fear and concerns about the effects of the COVID-19 pandemic.

“Bad actors always try to leverage vulnerabilities wherever they can be found. We expect to see an uptick in complaints from investors lured into programs offering the promise of high returns as a way to supplement income lost as a result of the pandemic.” – said Lisa A. Hopkins, NASAA President and West Virginia’s Senior Deputy Securities Commissioner.

Hopkins noted that the most common hallmark of fraud is the promise of big profits without any risk. The president of NASAA recommends that investors always ask for a license or company registration, as this kind of information can be easily verified with the appropriate regulatory authorities later.

“Anyone who says their investment offer has no risk is not being honest,” Hopkins said. “Investing is a long-term proposition. Get-rich schemes are built on empty promises and empty pockets.”

Author: Izabela Kamionka

Are you a trader?

Help others and rate your broker! Use the search engine or find your broker on the list.



Ad:

Last news:

xtb broker

XTB MENA receives the DFSA license

X-Trade Brokers, better known as XTB, has obtained a third-class license from the Dubai Financial ...
Read More
Cypriot financial regulator cysec

CySEC suspends the license of the parent company of the FXGM broker

The Cyprus Securities and Exchange Commission (CySEC) suspended the license of the investment company Depaho ...
Read More
the Chinese province will test the common welfare policy, i.e. redistribution of income

Will Chinese stocks disappear from the US stock markets?

W obliczu nowych regulacji związanych z audytami spółek zagranicznych notowanych na giełdach w USA, Chiny ...
Read More
SCAM Alert

Watch out for: “to recover funds, transfer us 10%”

Fake Forex brokers and their partners have developed another tactic for extorting client funds. It ...
Read More

Add a comment

Your email address will not be published. Required fields are marked *

 

Note: Opinions and posts on ForexRev.com represent personal opinions and views of their respective authors and should not be interpreted as recommendations to purchase or sell securities. ForexRev.org assumes no responsibility or liability for such content.
Go to top