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Hazards of Claiming Based on Recent Account Statements

What are some hazards of allowing investors to pursue claims based on their most recent account statements?

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Fraudulent account statements could have been used if the investment firm or personnel were involved in a Ponzi scheme or some other form of illegal activity. A fraudulent statement could show that there account ...

Solution Summary

The solution explains the dangers of letting investors base their claims on recent accounting statements, including warnings of fraud and Ponzi schemes. 141 words.

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