⚠️ FINANCIAL FRAUD & MIS-SELLING — KNOW WHAT TO WATCH FOR
🚨 FRAUD ALERT: PROTECT YOUR MONEY
Banks and financial institutions have a responsibility to protect customers from fraud, but sometimes systems fail. Scammers use fake calls, phishing emails, and other methods to access funds. Mis-selling occurs when advisors promote products that may not suit your needs or risk profile. Being aware of these risks helps you make informed decisions.“Banks missing suspicious activity or failing to provide clear guidance can leave customers exposed. Stay informed and seek support when needed.”
🕵️♂️ COMMON SCAMS TO WATCH FOR
- High Return Promises: Be cautious of offers that seem too good to be true.
- Phishing Attacks: Fake emails, calls, or texts aiming to collect personal information.
- Fraudulent Investments & Loans: Schemes that appear legitimate but are designed to steal funds.
- Impersonators: Individuals pretending to be banks or financial advisors.
- Pressure Tactics: Avoid making rushed financial decisions under duress.
- Upfront Fees: Be wary of paying before receiving clear services or returns.
- Ponzi & Pyramid Schemes: High-risk models that rely on new investors to pay old investors.
- Fake Charities: Verify causes before donating, especially in times of crisis.
🐖 PENSION MIS-SELLING: WHAT TO LOOK OUT FOR
Pension mis-selling happens when advice does not align with your goals or risk tolerance. You might be encouraged to switch to high-risk schemes or pay hidden fees without full disclosure. Understanding your rights and reviewing terms carefully helps protect your retirement savings.“Ensure you receive clear, transparent advice about fees, risks, and potential returns before making decisions.”
