Losing money in the stock market could be devastating. Sometimes the money you lost was all that you had. In such circumstances, it is highly likely that you could fall prey to a dishonest stock loss recovery firm.
Apparently, companies like Cold Spring Advisory have found a way to dupe troubled investors and make some easy money, and they have been succeeding in fooling many victims of stock loss frauds. As a matter of fact, Cold Spring Advisory is a stock loss recovery firm that has made a lot of news in the past few years, only not the notoriety they wanted. The Internet is flooded with complaints against this company. Take a look at the complaints made on Complaints Board, Pissed Consumer, Ripoff Report, and Scamalot to get a bird’s eye view about the workings of this firm. If you are intrigued and want to know more about this firm by searching the Internet, then don’t fall for the flagrant self-promoting press releases published by the company. Remember what you see is not always what you get. This client lost $6,000 paid in advance to the Cold Spring Advisory, and he was not the only one. The mistake that this troubled investor did by trusting a firm that demands an upfront fees is quite common. In fact, GetSmarterAboutMoney lists advance fee scams as one of the most common investment scams. Looking at the increasing investment recovery scams, FINRA has warned investors and suggested them to conduct web searches about the organizations or individuals who contact them to recover the money lost in investment frauds. So, follow FINRA’s advice, act smart and don’t get fooled by investment scammers.
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