NASAA Identifies Investor Threats: JOBS Act Ranks 1 and 9

NASAA released its annual "Top 10" list of financial products/practices that threaten investors:

New Threats

Persistent Threats

1. Crowdfunding and Internet Offers (JOBS Act-related)
2. Inappropriate Advice or Practices from Investment Advisers
3. Scam Artists Using Self-Directed IRAs to Mask Fraud
4. EB-5 Investment-for-Visa Schemes
5. Gold and Precious Metals
6. Risky Oil and Gas Drilling Programs
7. Promissory Notes
8. Real Estate Investment Schemes
9. Reg D/Rule 506 Private Offerings (JOBS Act-related)
10. Unlicensed Salesmen Giving Liquidation Recommendations

[Lofchie Comment: NASAA is not enthusiastic about the JOBS Act. Search within "JOBS Act" and select the "1 month ago" option on the left to see a variety of diverging opinions.]

View article in full here(links externally to NASAA website).