Investor Rights
INVESTOR RIGHTS are easily lost when investors sit on their rights. Don’t learn the hard way that your opportunity to recover has been lost because you waited too long to call an attorney.
The following INVESTOR BILL OF RIGHTS is provided by the North American Securities Administrators Association(NASAA)
When You Invest, You Have the Right to:
Ask for and receive information from a firm about the work history and background of the person handling your account, as well as information about the firm itself.
Receive complete information about the risks, obligations, and costs of any investment before investing.
Receive recommendations consistent with your financial needs and investment objectives.
Receive a copy of all completed account forms and agreements.
Receive account statements that are accurate and understandable.
Understand the terms and conditions of transactions you undertake.
Access your funds in a timely manner and receive information about any restrictions or limitations on access.
Discuss account problems with the branch manager or compliance department of the firm and receive prompt attention to and fair consideration of your concerns.
Receive complete information about commissions, sales charges, maintenance or service charges, transaction or redemption fees, and penalties.
Contact your state or provincial securities agency in order to verify the employment and disciplinary history of a securities salesperson and the salesperson's firm; find out if the investment is permitted to be sold; or file a complaint.
The following websites will provide further information:
Senior Investment Fraud News & Alerts from NASAA, Click below for the link to the latest news and scams: http://www.nasaa.org/investor_education/senior_investor_resource_center/5025.cfm
NASAA Survey Shows Senior Investment Fraud Accounts for Nearly Half of all Received by State Securities Regulators
http://www.nasaa.org/NASAA_Newsroom/Current_NASAA_Headlines/4998.cfm
NASAA President's Statement at SEC Seniors Summit - Protecting Senior Citizens Against Investment Fraud http://www.nasaa.org/NASAA_Newsroom/Current_NASAA_Headlines/4998.cfm
NASD Foundation Study Examines What Makes Elderly Susceptible to Investment Fraud http://www.nasdfoundation.org/WISE_Investor_Fraud_Study_Final_Report.pdf
Analyzing Analyst Recomendations www.sec.gov/investor/pubs/analysts.htm
NASAA's 12 Question Quiz to Avoid Being a Victim http://www.nasaa.org/investor_education
Central Registration Depository System (CRD) (and how to check out your broker's history) www.nasaa.org and click on Contact Your Regulator in the left hand column.
NASAA offers information on the following topics through their website at http://www.nasaa.org/investor_education
• Top 10 Scams, Schemes & Scandals
• How to Contact Your State Securities Regulator
• How to Spot a Con Artist
• How to File a Complaint
• Know Your Rights as an Investor
• Financial Education Resources
Be A Smart Investor, Call the Department of Financial Services' toll-free hotline at 1-800-342-2762 or visit them at http://www.fldfs.com/Consumers/publications.htm
We offer a no-cost initial consultation via telephone to (954) 961-0096 or email askmark@marktepper.com
