Borg reminded investors to watch for red flags of hurricane-related scams, including social media messages, crowdfunding pitches or telephone calls promoting investment pools or bonds to help storm victims, water-removal or purification technologies, electricity-generating devices and distressed real estate remediation programs.
Borg warned investors and advisors that scam artists may linger long after the storm has passed to prey on victims who anticipate receiving large lump-sum insurance settlements for damaged property and other losses.
Investors may obtain more information about their broker or brokerage firm by using BrokerCheck or by calling (800) 289-9999 or FINRA's Securities Helpline for Seniors at (844) 57-HELPS for assistance with concerns or questions about their brokerage accounts and investments.