Regulatory Alerts2026-05-12
Added · Updated
CONSUMER ALERT – Broker Imposter Scams
The Texas Department of Banking alerts financial institutions and consumers to broker imposter scams where fraudsters impersonate banks or brokers to sell fake investment opportunities. The document identifies red flags including unexpected cold solicitations, incorrect email addresses, low-risk high-reward offers, and unusual funding procedures. It advises banks to share this information with customers and encourages reporting fraudulent activity to FINRA, the SEC, the FTC, and the FBI’s IC3.
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