Holiday shopping can be a stressful time for Texans, but those worries likely pale in comparison to personal finance woes. According to the Texas State Securities Board, thousands of Texans fall prey to unscrupulous investment scams every year.

In response, the agency has published a list of “Top Ten Investor Threats” for Texans to avoid. TSSB Director of Enforcement Joe Rotunda says it’s especially crucial that Texans check that their securities dealers are properly registered.

What you’ll hear in this segment:

–How to avoid the most common type of investment fraud (Hint: that oil field you’re investing in may not actually exist)

–How the rise of cryptocurrency fraud highlights the lack of long-term risk analysis in online investments

–How you can check the legitimacy of your securities dealer

Written by Rachel Zein.

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