Here’s a cautionary tale of an advisor who nearly fell victim to a $35,000 phishing scam that is targeting investment advisors.
The RIA, co-owned by an advisor I’ve known for many years, has changed its procedures since the incident occurred 11 months ago, and he did come to eventually realize that it was a scammer before sending any money to the account as requested. But he says his firm has been targeted twice and that the scams are getting more sophisticated.
To help other advisors avoid falling victim to phishing scams, the advisor provided A4A a copy of the email th
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