Investment Watchdog FINRA Fights Financial Scams

With investment fraud costing Americans billions of dollars every year, FINRA -- the Financial Industry Regulatory Authority -- is on the front line of the fight back against scammers.

According to the FBI, in its latest report, securities and commodities fraud investigations jumped 52% in the two years to 2010/11.

One national crime sweep alone, called Operation Broken Trust, during late 2010, identified 120,000 investment scam victims, with losses totaling $8 billion. Some 343 alleged crooks were nabbed.

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