H. Quincy Long Creates New Class to Inform Investors on How to Identify Fraud & Prohibited Transactions within Self-Directed IRA Investments

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Quest IRA Inc. a leading provider of self-directed IRAs has created a free class and webinar called: How to Identify Fraud & Prohibited Transactions within Self-Directed IRAs. This class was created because of the resounding requests from regulatory agencies to have self-directed IRA companies do more to help provide investors with more information on fraudulent investments and how to identify them. When fraud or prohibited transactions occur no one wins and prevention starts with access to the proper information.

Although we cannot determine whether an investment is fraudulent or not Quest IRA has created a lot of safety nets to try and help our clients catch fraud

As the education & information leader in the self-directed IRA industry, Quest IRA has created a new free class that will help investors try to determine whether an investment is fraudulent. Quest IRA does not provide tax, legal or investment advice but as a leading self-directed IRA company they want to do everything possible to help investors identify investment fraud and how they may do due diligence on a particular individual, investment and/or company. Fraudsters are very good and some fraudulent investment schemes can run for years, even decades, but Quest hopes that by teaching some simple due diligence education it will save hundreds, if not thousands, of investors from losing their retirement accounts to fraud.

On Wednesday, November 14th, 2012 from 6:30pm to 7:30pm CST, Quest IRA will be holding a free national online webinar for clients, prospects and business associates who would like more information on identifying fraud and prohibited transactions within self-directed IRAs.

“Going to the annual R.I.T.A. (Retirement Industry Trust Association) conference this year showed me that Quest IRA needs to do more to educate on potential fraud & prohibited transaction,” said H. Quincy Long, President/Owner at Quest IRA. “We have always taught about prohibited transactions and the court cases that occur every year that tell us something new. And even though Quest IRA does not provide tax, legal or investment advice, it is our view that self-directed IRA companies must do more to educate about potential fraud and how to identify potential fruad.”

Not all self-directed IRA administrators and custodians are the same. Quest IRA uses these great local events, which are open to the public, to help further the knowledge of self-directed IRAs and investment strategies within self-directed IRAs.

“Unfortunately, our clients have seen their share of fraudulent investments” stated Martha Mora, Director of Operations at Quest IRA. “Although we cannot determine whether an investment is fraudulent or not Quest IRA has created a lot of safety nets to try and help our clients catch fraud. And although we cannot give advice to our clients we can make them aware of any potential issues that a particular investment might have along with giving them ways on how they can do their own due diligence on an investment themselves. That is why I love working at Quest. Not only are they a wonderful company to work for but they do everything possible to educate and protect the investor.”

The Quest IRA, Inc. corporate office is located at 17171 Park Row, Suite 100 Houston, Texas 77084. Quest IRA currently supports more than 5000 customers with online accounts and reaches approximately 20,000 customers monthly via their social media and online marketing activities. At each event, Fright Night networking mixers average 100-200 like-minded investors in attendance.

Quest IRA, Inc. is the leading provider of self-directed retirement account administration and education. They are the experts and authorities when it comes to “alternative” investments like real estate, notes, precious metals, oil & gas, private placements, etc. within an IRA, HSA, ESA or 401(k)s. They administer client’s accounts from across the nation but the corporate office is located in Houston, TX with offices in Dallas, TX, Austin, TX and Mason, MI. They currently administer over $500MM in client assets for over 5000 clients.

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