Wall Street Fraud Watchdog Now Warns Adult Children of High Net Worth Seniors to be on the Lookout for Stock Broker Churning Accounts & They Suggest Some Investment Ideas

The Wall Street Fraud Watchdog is now urging the adult children of all high net worth senior citizens to be on the lookout for stock brokers, or investment advisors churning investment accounts. The group considers this to be a huge national problem. When it comes to churning the Securities and Exchange Commission says,"Churning occurs when a broker engages in excessive buying and selling of securities in a customer’s account chiefly to generate commissions that benefit the broker." The Wall Street Fraud Watchdog says, "We are convinced stock broker, or investment advisor churning costs US senior citizens billions of dollars each year. If you are the adult son, or daughter of a high net worth parent please do not let a stock broker, or investment advisor churn you Mom, or Dad's investment, or retirement account. The botton line is we are urging sons, or daughters of high net worth senior citizens to not let them invest a dime without a review-don't let your Mom, or Dad get ripped off." The Wall Street Fraud Watchdog in the investment due diligence business, and they have services designed to help investors make certain they are not throwing their money away. For more information please call the Wall Street Fraud Watchdog at 866-714-6466. http://WallStreetFraudWatchdog.Com

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Quote startWe are literally begging the adult children of high net worth senior citizens to talk to their senior citizen parent about not making any investment decisions without first consulting the adult son, or the adult daughter-first.Quote end

(PRWEB) September 05, 2012

The Wall Street Fraud Watchdog is warning the adult children of high net worth senior citizens to be especially vigilant about stock brokers, and or investment advisors selling their Mom, or Dad a bill of goods. The practice that concerns them is called churning, and it involves a stock broker, or investment advisor's excessive buying, and selling of stocks in a portfolio in order to make commissions. While there are no actual records kept on stock broker, or investment advisor churning, the Wall Street Fraud Watchdog estimates stock broker, or investment advisor churning costs US citizens tens of billions of dollars per year, and Wall Street, and or the SEC do little about these practices. The Wall Street Fraud Watchdog says, "We are in the investor protection, and due diligence business, and its just when you think you have heard of the worst stock broker, or investment advisor churning story, you get one that is worse-typically involving senior citizens. We are literally begging the adult children of high net worth senior citizens to talk to their senior citizen parent about not making any investment decisions without first consulting the adult son, or the adult daughter-first." http://WallStretFraudWatchdog.Com

The Wall Street Fraud Watchdog says, "If an investor is unwilling to take a zero return for sitting on their cash, we think silver-not gold is a great place to be. The potential for yield on silver is very good, especially with the US Fed printing money, the European debt crisis, and the looming potential war between Iran, and its neighbors. If a high net worth investor is interested in high yield (9%-10%) we like private real estate loans, provided the property is residential, provided the loan to value ratio is not greater than 60%, and provided the property is in a good neighborhood. Before a high net worth individual gets involved in a private mortgage investment-please use our due diligence service. The yields are for real-but so is the possibility of a loss if the investor does not do meticulous due diligence. http://WallStreetFraudWatcthdog.Com

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