6/3/2015 – SEC Warns of Advisors Duping Investors With Fake Credentials (Think Advisor)

The Securities and Exchange Commission warned investors Wednesday to perform a thorough background check on potential advisors’ credentials as it brought two enforcement actions against advisors for falsifying and exaggerating theirs.The SEC’s Office of Investor Education and Advocacy issued an Investor Alert Wednesday warning investors not to “trust someone with your investment money just because he or she claims to have impressive credentials or experience, or manages to create a ‘buzz of success.’”

Read the full article at Think Advisor.