NFA Issues Investor Newsletter for January 2014

The National Futures Association ("NFA") issued an Investor Newsletter for January 2014, which highlighted "scam trends" of 2013, described recent enforcement actions and discussed the new Securities Investor Protection Corporation ("SIPC") website.

According to the Newsletter, the National Consumers League ("NCL") recently issued a report on the top 10 scam trends reported in 2013, which included fake check scams, general merchandise Internet scams, advance fee loans and other fraudulent attacks on consumers. Additionally, the NCL reported "refund and recovery" fraud to be the fastest-growing scam trend.

The newsletter also referred to a recent investor alert from the SEC intended to educate investors about pyramid schemes posing as multi-level marketing programs, and reiterated tips on how to avoid investment fraud. Additionally, the newsletter described the new SIPC website and listed Decisions, Member Responsibility Actions, Final Orders and Complaints from the fourth quarter of 2013.

See: NFA Investor Newsletter.