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FINRA Issues Warning of Brokerage Firm Imposters

An investor alert was issued by the Financial Industry Regulatory Authority warning of calls from scammers falsely claiming to represent a well-known brokerage firm. In this scam, the imposters are claiming to be offering certificates of deposit with high yields, but the goal of the cold call is to get the potential victim to reveal personal or financial information. Such information may then be used in an attempt at identity theft or another crime. The fraud attempt is the latest twist on the common scam of “phishing” for information via cold calls.

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