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The Wisconsin Department of Financial Institutions today released its annual list of financial products and practices that threaten to trap unwary investors, many by taking advantage of investors troubled by lingering economic uncertainty and volatile stock markets.
“Con artists follow the news and seek ways to exploit the headlines to their advantage while leaving investors holding an empty bag,” said DFI Secretary Peter Bildsten.
Bildsten said headline-related investor complaints reaching state and provincial securities regulators include questionable claims, such as: “Realize safety and appreciation in gold;” “Wave energy: the future to power …