How can I protect my Self Directed IRA from fraud?
Here at Madison we believe that accountholders should perform vigilant due diligence prior to placing investments with their IRA. Many retirees rely on their retirement accounts as their sole source of income in their golden years. It is important to ensure that their accounts are protected from fraudulent ventures and dishonest people. It is recommended that investors perform due diligence on their own, along with consulting financial professionals to ensure that the prospective investment is legitimate and a good fit for their personal situation.
Investors can avail themselves of fraud protection tips online, such as the following article:
US Securities and Exchange Commission: https://www.investor.gov/protect-your-investments/fraud/how-avoid-fraud/what-you-can-do-avoid-investment-fraud.