PENSCO Trust has launched an education initiative to help investors prevent fraud.
“PENSCO is committed to helping investors stop fraud before it happens,” says PENSCO CEO Kelly Rodriques. “Investing in alternative assets in tax-advantaged accounts is a terrific way to build wealth, but in the current economy, fraudsters may pose a threat to unsuspecting investors. PENSCO’s fraud prevention efforts are designed to educate investors and thwart criminals.”
PENSCO today also publicly endorsed the anti-fraud efforts of the Retirement Industry Trade Association (RITA), which is comprised of the nation’s largest independent custodians in the retirement industry. RITA’s new fraud prevention initiatives include closer coordination with state regulators and law enforcement agencies and a national education campaign, including its new consumer investor awareness kit.
“PENSCO strongly supports RITA’s efforts to prevent fraud and believes that the industry must play a leadership role to help regulators stop fraud and raise investor awareness across the country,” Rodriques says.
PENSCO’s anti-fraud initiative includes the following:
An education campaign to its clients about the dangers of fraud. In January, PENSCO sent information to clients about ways to detect sham investments. PENSCO provided contact information for regulatory and law enforcement officials, so consumers can report suspicious activity.
A fraud prevention portal available at www.pensco.com. This online resource center teaches investors to spot the early signs of fraud. The site also provides tools to help investors report suspected fraud and highlights PENSCO’s commitment to fraud awareness.
A free, 8 February webinar accessible at www.pensco.com entitled, “How to Prevent, Detect and Mitigate Fraud.” The webinar is scheduled for 2pm Pacific time.
“While PENSCO doesn’t perform due diligence or advise clients on their investments, we do care very much about helping protect them from fraud,” Rodriques says. “PENSCO’s initiative and RITA’s efforts are critical to helping investors make smarter decisions.”
