Saturday, October 28, 2006

Fraud Against Brokerage Firms are Increasing

Two different types of scams are being perpetrated against online brokerage firms and their clients. Frauds include stealing clients' ID's and passwords to steal the money in their accounts. It also includes taking over clients' account and having them buy penny stocks (owned by the fraudsters) to drive up the price, at which time the fraudsters sell their holdings.

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