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.


Last news:

fxcm broker

FXCM expands its offer with CFDs on French, German and British stocks

The FXCM broker yesterday announced a significant strengthening of the offer on CFDs on stocks ...
Read More
ASIC Australia

The CFD product intervention in Australia will last until 2031

As expected, the Australian financial regulator ASIC proposed an extension of product intervention in the ...
Read More
Weekly news summary

ForexRev: weekly summary [11.10 – 17.10.2021]

Last week's review: Deutsche Bank sued EUR 500m for selling risky FX instruments; ASIC is ...
Read More
tradingview has a capitalization of around 3 billion

TradingView has raised funding of $298 million

TradingView, one of the world's most popular charting platforms for investors and traders, reported raising ...
Read More

Add a comment

Your email address will not be published.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


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