TDCI Securities Division Issues Investor Advisory Alert Regarding Self-Directed IRAs and The Risk of Fraud
NASHVILLE – As part of its ongoing effort to raise investor awareness, the Tennessee Securities Division has issued an investor advisory alert regarding self-directed IRAs, an IRA held by a custodian that allows investment in a broader set of assets than most IRA custodians permit. The advisory explains in more detail what a self-directed IRA is, the associated risks of fraud and how consumers can avoid becoming victims to a scam.