If you have ever invested in or are considering investing in a self-directed Individual Retirement Account (IRA), we wanted to let you know that?the Retirement Industry Trust Association (RITA) and the North American Securities Administrators Association (NASAA) will conduct a free webinar to help raise public awareness of how to avoid fraud when considering investing in self-directed IRAs.? The webinar is for educational purposes only. No investment product will be offered or sold during the webinar.
The webinar is open to the public and is scheduled for July 18 at 2 p.m. EDST. Registration information is available on the websites of RITA (www.ritaus.org) and NASAA (www.nasaa.org) or at https://attendee.gotowebinar.com/019yq/register/5231648192178625280.
The hour-long webinar will feature Tom W. Anderson, RITA President, founder and Vice Chairman of PENSCO Trust and Matt Kitzi, NASAA Enforcement Section Chair and Missouri Securities Commissioner. The webinar will be moderated by former Texas Securities Commissioner Denise Voigt Crawford.
Among the topics to be discussed are:
????????? What are self-directed IRA accounts and why are they useful?
????????? What are the warning signs of investment fraud in self-directed IRAs?
????????? What should investors do if they suspect fraudulent activity?
????????? How do securities regulators help protect investors who use self-directed IRA accounts?
A self-directed IRA is an IRA held by a trustee or custodian that allows investments in a broader set of assets than is permitted by most IRA custodians, such as real estate, promissory notes and private placement securities. Because they include alternative assets, the risk and rewards of self-directed IRAs may be greater than those of traditional IRAs.
According to RITA, self-directed IRAs represent about 2 percent, or about $94 billion, of the $4.6 trillion IRA market and are continuing to attract investors at an ?explosive? rate.
Remember, every investment carries risk.? Contact the NC Securities Division (800-688-4507 or 919-733-3924) to check the complaint history and registration status of both the investment and the person promoting it. One five-minute call to our office could save your entire life?s savings from being stolen from you.
John Maron Director, Investor Education Program NC Department of the Secretary of State, Securities DivisionSource: http://ncnga.org/2012/07/17/free-webinar-investing-in-a-self-directed-ira/
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