- 

The North American Securities Administrators Association has come out with its annual list of infamy: The favorite financial products and financial practices promoted by con artists. Financial crooks feed off troubled times.

The Products Scams: Distressed real estate schemes, energy investments, gold and precious metal investments, promissory notes, and securitized life settlement contracts.

The Practice Scams: Affinity fraud, bogus or exaggerated credentials, mirror trading, private placements, and securities and investment advice offered by unlicensed agents.

You can read the details of the scams listed by the regulator here.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Chris Farrell at @cfarrellecon