Social Media and Investing – Understanding Your Accounts The SEC’s Office of Investor Education and Advocacy previously issued this Investor Bulletin to provide investors with tips they should consider when establishing an account on a social media website. Investors’ use of Facebook, X, and other social media websites as an
Want to Foil an AI Deepfake? Tell It to Draw a Smiley Face Faced with an onslaught of increasingly sophisticated deepfake scams, some companies are turning to low-tech tactics to foil artificial intelligence-powered audio and video impostors. The tactics, including verbal passphrases, off-topic questions and hand-drawn signs, offer a rare
Cybercriminals Use AI to Create Fake Websites That Look Just Like the Real Thing When Joann Fabrics filed for bankruptcy for the second time within a year this January, scammers seized the opportunity. Within days, a flurry of impostor websites appeared with URLs like “joannlosangeles.com,” “jo-annclosingonsale.shop” and “joanndiscount.shop”— all designed
Millions Stolen, Death Threats: Should Banks Do More to Fight ‘Pig Butchering’? For nearly 50 years, Anamarie Hurt trusted her husband, Craig, to manage their finances. And he did a good job of it, making investments that grew into a comfortable nest egg. Then Craig walked into a bank in
Tips to Help Preserve Your Inheritance According to the Federal Reserve’s Survey of Consumer Finances, taken every three years, slightly more than one in five U.S. households had received an inheritance as of 2022.1 If you expect to receive an inheritance one day, these tips may help you better manage your
Estate, Gift, and GST Taxation and Trusts How are trusts treated for federal estate, gift, and GST tax purposes? A trust is created when you (the grantor) transfer property to a trustee for the benefit of a third person (the beneficiary). The act of transferring property to a trust is
Quick question: What do you usually find yourself reading? News summaries, headlines, and quick bits to keep yourself updated? Or longer reads like books and articles? We’re ever more inundated with information that’s eager to capture our attention. We click because we want to stay up to speed and avoid
Do you think you’re telling yourself the truth about money? We may think we know the facts about our finances. But our beliefs can often overshadow the facts. Our wishes, hopes, and fears can tip the scales away from the truth. This makes it easier for us to believe what
Normally, retirement plans are generally considered safe from creditors. A recent ruling by the Bankruptcy Panel for the 8th U.S. Circuit Court of Appeals has called that safety into question. An individual was awarded ½ of his ex-wife’s 401(k) plan and her entire individual retirement account in their divorce settlement.