Explore BrainMass
Share

Explore BrainMass

    Hazards of Claiming Based on Recent Account Statements

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

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

    © BrainMass Inc. brainmass.com October 10, 2019, 7:23 am ad1c9bdddf
    https://brainmass.com/business/finance/hazards-of-claiming-based-on-recent-account-statements-579885

    Solution Preview

    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.

    $2.19