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Jun 10, 2015 by |

California Stockbroker Fraud Attorneys Warn About Stock Tip Scams

ATTORNEY NEWSLETTER

California stockbroker fraud attorneys want the public to be aware of potential stock tip scams.

In one common “stock tip” scheme, people receive a call from a stranger. The message sounds like the caller has accidentally reached the wrong machine, and is leaving a hot investment tip for someone else. California stockbroker fraud attorneys urge the public not to act on any investment tips from strangers.

Fraudulent emails and faxes are another way that con artists may execute a stock tip scam. In this type of scam, potential investors will receive marketing emails attempting to “pump” the stock. After these investors buy the stock, raising its price, the con artists then sell the stock and make a profit. The stock price then falls rapidly, which California stockbroker fraud attorneys say causes the investors to lose money.

Evans Law Firm, Inc. has offices in San Francisco, Los Angeles, and Sonoma, and handles stockbroker fraud cases, as well as other financial fraud cases. If you have a potential fraud claim, please contact Evans Law Firm, Inc. at 415-441-8669 or via email at info@evanslaw.com.

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