There are many different kinds of victims and many different kinds of crimes. However, criminals don’t wear a sign that says they are a criminal and it can be difficult to spot them. They are often people you trust; sometimes, they’re people you trust to handle your money.
I’m Rosenberg Morse, a person who cares about victims and preventing victimization from occurring. I’m here to shine a bright light on the different ways you could be victimized by others.
Today, we’re going to be discussing securities fraud and how this type of crime can negatively affect your life.
What Is Securities Fraud?
The term “securities fraud” actually encapsulates a wide range of criminal behaviors, some with different intentions. For example, if you have a stockbroker who lies to you about an investment and you lose money, this could be an example of securities fraud.
Many different people can commit crimes that fall under the umbrella of securities fraud. Embezzlement, insider trading, and theft from investors are some examples of securities fraud. This type of behavior is often known as white collar criminal behavior.
How Securities Fraud Can Affect Your Life
People are usually motivated by money when they commit securities fraud behaviors. If you become a victim of securities fraud, it can affect you in a number of negative ways.
First of all, you are likely to lose money. For instance, if you have a mutual fund and the firm is engaging in shady practices, you could be losing money because of their behavior.
If you work for a major company, you might learn that corporate fraud is going on. If this fraud is exposed by a whistleblower, your company could go out of business.
During the mortgage crisis in the early 2000s, many people lost their homes due to shady loan practices by banks and others in the housing industry.
You can see that securities fraud can be a problem. If you want to avoid becoming a victim of this type of criminal conduct, here are a few tips:
- Be proactive about monitoring your money.
- Don’t be too trusting—always follow the paper trail.
- If you suspect someone of fraudulent or illegal behavior, report it.
- Don’t put all of your money in one place or one investment.
Have you Been Victimized?
Thank you for visiting my blog. Hopefully, this information will help you avoid becoming the next victim of securities fraud. If not, you may want to talk to a securities fraud whistleblower lawyer about holding accountable the person who committed this crime. If you have knowledge of someone who is engaging in criminal behavior, you should report it.
Return to my blog for more information designed to protect you from becoming a victim.