November 29, 2011
The Securities and Exchange Commission (SEC) has issued an "Investor Alert" to warn IRA investors to be wary of fraudulent advisors promoting "alternative" investments for your self-directed IRA.
http://http://www.sec.gov/investor.shtml
As the recent volatility in the financial markets has shaken investor confidence the fraudulent promoters have come out in force to exploit the investor fear. Before considering any change in IRA custodian always perform your own due diligence. The grass may not be greener on the other side...
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).
IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.