Top Complaints to the SEC
The 10 most common types of investor complaints the SEC resolved in fiscal 2012 are shown in the table below (source: WSJ, June 2013).
10 Most Frequent Complaints to the SEC
|
Complaint Type |
Number |
|
Ponzi/pyramid scheme |
4,083 |
|
Advance-fee fraud |
1,122 |
|
Manipulation of securities/prices |
1,083 |
|
Trade execution |
749 |
|
Account maintenance (daily activity, etc.) |
683 |
|
Specific market events (comments and complaints) |
618 |
|
General allegations of issuer fraud |
451 |
|
Delivery of funds/proceeds |
439 |
|
Transfer of account |
426 |
Source: SEC