It is not hard to get sucked in. You see 6 months returns on cryptocurrency and you think, I wish I would have. You see Zoom climb and you think, why didn’t I see that. And then you get “the call.”

We call it “the call,” because someone is trying to sell you that unicorn stock. The one that is going to make your portfolio skyrocket.

It is not to say that there isn’t opportunity out there. It is just in our experience you need to be wary of fraud.

Take for example our client who worked with Dawn Bennett.

Our client got enticed into Dawn Bennett’s fraud because she was relatively famous. She had a radio show, and she was identified as a top 50 women’s broker in the country by Baron’s Magazine. Bennett used her credentials to lore potential investors into risky investments and eventually her Ponzi scheme.

Fortunately for our client, he was only subjected to the mismanagement of his investments, and never became a victim of her Ponzi scheme. He was able to receive a favorable verdict in a FINRA arbitration hearing.

While this worked out for our client, most people are not as fortunate. Here are three things you can do to avoid becoming a victim of fraud.


Understand margin accounts and other high risk opportunities. Learn more.
Understand precious metals and unrealistic expectations. Learn more.
Ask for a signed fiduciary letter that states while managing your account the broker will act as a fiduciary. Meaning the broker will always put your interests above the firm. This is a legal definition and it sets a higher standard vs a suitability standard. Investment advisors/brokers with your best interests in mind should be willing to sign a fiduciary letter. Download our letter template.

If you would like a free consultation to discuss suspicious activity and ways to prevent portfolio fraud, contact us at [ Ссылка ] or call 412-370-8524.

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