American Greed

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<strong>Top 10 Investor Traps</strong>

It’s easy to become a victim of an investor scam, as news headlines have shown for the past two years. Criminals follow the latest market trends and find weaknesses to lure victims. According to the North American Securities Administrator Association (NASAA), senior citizens are the No. 1 target for fraud, while baby boomers are second. In 2008, the FBI estimated $40 billion was lost to securities and commodities fraud.

So how can you protect yourself from being scammed? Click ahead to see which investment vehicles are ranked high for fraud and get tips on making sure it doesn't happen to you.

Produced by Tonya Alexander
Posted: 2010 Apr 7

Source: North American Securties Administrator Association (NASAA)