How to Avoid Fraudulent Investments

Investing can be a sophisticated financial matter, and like any sophisticated thing, it can be vulnerable to fraud. This is because people may easily give in to technical and flowery words, unrealistic promises, and high returns, when they are not very knowledgeable.

In fact, investment fraud lawyers even exist, because the threat of fraudulent investments is very real. But avoiding fraud will always be a better option than getting legal help because you have already been scammed. Below are some of the things you can do to avoid such a thing from happening.

Check registrations

Before anything else, it is important to check the credentials of the company you are being asked to invest to and the salesperson who is doing the asking. The company should be properly registered and licensed, while the salesperson should have a legitimate connection with this company and actually has the right to sell securities. If they don’t have the proper credentials, it is likely that they are fraudulent.

Be doubtful of high returns

Pay close attention to the sales speech. If the salesperson claims that the investment will have high returns and have very little risk, be doubtful, because it is likely that this is not true. Most investments that have high returns have very high risks as well. If you feel like the investment is too good to be true, trust your instincts and say no to the fraudster.

Be doubtful of social proofs

Again, this is regarding the sales speech. If the salesperson claims that everybody is investing in this particular investment, without even explaining why the investment is sound, he may be trying to give you social proof that the investment is legitimate, even though it is not. There are many kinds of investment scams that mainly focus on the number of investors.

Learn how to say no

You should not feel obligated to give in to the investment company and the salesperson. After all, it is your hard-earned money and you deserve to control on where to put it. If you don’t like the investment or if you feel that it is a fraud, don’t be afraid or guilty to say no.

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Not All Consumer Products Sold are Safe

Manufacturers are bound by law to always make sure that every product they produce is safe, that the product’s label correctly and accurately names the product’s ingredients, and that all necessary instructions and/or warnings that consumers have the right to know are mentioned. Making a fraudulent claim on what a product can do would be deception, an act that can result to a lawsuit, especially if the product ends up harming someone or fails to provide its claimed results.

It is important that one knows that, every year, thousands of lawsuits against manufacturers are filed by American consumers due to defects that cause injury. Though it is true that many consumers attitude are not meticulous with regard to checking products’ safety, this is only because of their belief that no harmful products will ever be sold in the market. This is primarily based on consumers’ trust that since these products were approved for distribution and/or consumption, then these are totally safe.

The task of enforcing safety laws on the manufacture of goods and in ensuring that manufacturers observe these laws is the duty of the Federal Trade Commission’s Bureau of Consumer Protection. Besides these, the Bureau also has the duty to:

  • Make sure that products are neither defective nor dangerous;
  • Stop unjust, fraudulent and deceptive business practices;
  • Accept and investigate consumer complaints on product defects;
  • File a lawsuit against individuals or companies found violating consumer rights or offering defective and/or dangerous products;
  • Make sure that product labels are correct and accurate and not deceptive or misleading;
  • Create and implement fair marketplace rules; and,
  • Educate individuals of their rights as consumers, and firms of their duties and responsibilities.

Despite the laws many consumers still never get what they actually pay for and, worse, some products even cause injuries or death. This is because hundreds of thousands of different products are made available in the market every month and federal agencies (which regulate products) do not have enough men to police or test every one of these to make sure that defective and dangerous ones never make it to store shelves.

Defective products can take the form of simple toys for children or a complex motor vehicle and, between these two, the endless supply of food, electronic devices, power supply items, tools, (and so forth) for which manufacturers, designers of product and marketers can be held liable.

Injured consumers should never hesitate taking a legal action against erring participants (in the manufacture and distribution of dangerous products) for the compensation that they may be entitled to receive due to the injury the product has caused in them. A website with the address: www.thebentonlawfirm.com/brownsville/, may be able to help injured victims know and understand their rights, and who to contact for the best possible legal action that they can take.

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Reckless Driving of Commercial Vehicles

Of course, nobody wants to be involved in a traffic accident, so many traffic accidents occur because of unintentional acts, like driver error and mechanical failure. But for some reason, a lot of drivers are intentionally putting themselves in danger because of reckless driving, as if they want to be involved in a traffic accident. Actually, the reckless drivers themselves are not just the ones in danger. The other motorists around them are also at risk.

This danger is even amplified when we are already talking about commercial vehicles like trucks. Because of their size and weight, trucks can have a more devastating impact compared to other vehicles like sedans and SUVs. That’s why their drivers should be extra careful.

As an innocent motorist, you have no power over these truck drivers, so the only thing you can do is stay away from them, especially if they show signs of reckless driving. According to the website of Charleston car accident lawyers at Clawson & Staubes, LLC: Injury Group, reckless driving can come in many forms, like speeding, running through red lights and stop signs, distracted driving, and driving under the influence of drugs and alcohol.

Speeding is not just about going over the speed limit. Sometimes it also means that a vehicle is traveling too fast in consideration of the condition of the road and surroundings. For example, if the road is wet or the area is covered with fog, drivers should be more diligent because they can be more prone to crashes.

Running through red lights and stop signs is also a huge problem in the United States. There are well-documented cases of vehicles not yielding in intersections, resulting into a collision with a motorist who has the right of way. The worst cases end with the death of the innocent motorists.

Distracted driving occurs when the driver is not giving his full attention on the road, like when he is texting. While on the road, drivers have very little time to react to unexpected scenarios, so full attention is a must. Distracted driving can also trigger other violations. When a driver is distracted, he could run through red lights without even noticing.

Driving under the influence of alcohol or drugs is probably the worst kind of reckless driving. Even before a driver is on the wheel, he is already taking alcohol or drugs even though he knows that he will be driving. It is even worse if he is taking alcohol or drugs while on the road. Being under the influence can cause drivers to lose control of their vehicles, veer off the road, swerve into the opposite lane, or other actions that can potentially hurt them and the others around them.

Reckless driving continues to be a problem. The commercial drivers are not just the ones to blame, because even the drivers of small vehicles like compact cars and sedans are guilty. Whatever vehicle is involved, a traffic accident caused by reckless driving can cause injury or even death.

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Determining Manufacturer Fault In Product Liability

One of the parties that can be held liable in a product liability claim is the manufacturer of the product. They serve as the starting point before the products are sent to the market for purchase by customers. It is the job of the manufacturer to ensure that products are fully tested before they are sold. According to the website of Abel Law Firm, faulty designed or built products can pose a serious hazard to consumers.

Under the Consumer Protection Act, if a product defect resulted to the death, injury, or damage to private property, the relatives of the plaintiff or any representative may push forward a product liability claim. Such actions are designed to compensate for economic or consequential loss. Product liability claims are based on the assumption that the manufacturer owes a duty of care to everyone who will make use of its product. Manufacturers may be held liable for negligence for the following reasons:

  • Failure to exercise care during the manufacturing process, which caused a particular product to be defective
  • Failure to ensure the safety of the product’s design, which may also include the lack of sufficient and careful research
  • Failure to carry out effective tests
  • Failure to provide effective warning of danger
  • Failure to recall a product or issue appropriate warnings amidst apparent danger after the product has been circulated

The liability will not be limited to the manufacturer alone. Even those who supplied components or acted as distributors of the product may also have some accountability if it is proven that they also showed negligence. The problem is that product liability is restricted by certain limitations, the liability of the manufacturer is only limited to where it has failed to take reasonable care, which needs to be proven by the plaintiff. This will not only prove costly but also difficult.

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