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A treasurer's guide to security broker swindles
Author(s) -
Wolf Fran,
Tackett James
Publication year - 2008
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20448
Subject(s) - treasury , business , accounting , finance , law , political science
The term securities swindle is commonly associated with fly‐by‐night charlatans who prey on novice investors or the elderly. Many corporate people believe this kind of unscrupulous behavior is uncommon in legitimate financial institutions. But that's not true. And treasury managers—who routinely use brokerage firms for various purposes—can fall victim to securities swindles more easily than you might think. What are the most common swindles out there now? And how must treasurers protect themselves? © 2008 Wiley Periodicals, Inc.