It's gotten so that fraudsters are scamming even the most financially astute people, including financial planners. All you have to do is take a gander at some of the online bulletin boards used by private investors and you will undoubtedly find plenty of confessions from those who have been virtually duped into buying worthless shares of stock.

Of course, not wanting to expose themselves, these confessors use different names to relate what they have lost to some of these so-called advisors. Naturally, it includes how stupid they felt after being fleeced. However, scams are on the rise throughout the world and you need to protect yourself and your clients against them in every way possible.

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